2023 Bracketing Inventory Real Estate 
Housing Wire
FEBRUARY 12, 2024
The worst times for mortgage originations may be over as the market appears to be turning, but it’s still an unaffordable environment for younger borrowers in particular, according to a fourth-quarter 2023 lending report from Maxwell. Similarly, the average loan amount rose to an average of $345,000 in the fourth quarter. “In
Housing Wire
DECEMBER 26, 2023
There is no question that the headline of the year in 2023 for many publicly traded brokerages was the commission lawsuits. The good news is that we can bracket the financial impact and they can absorb it, and I think that’s good news. But in 2024, industry analysts believe mortgage rates will be the primary focus for many firms. “I
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Lamacchia Realty
OCTOBER 25, 2023
PRICE ADJUSTMENTS AND THE 2023 MARKET In March 2022, it was clear that the market was changing from a frenzied post-pandemic scene to one where it was assumed that rising mortgage rates would slow it down and help inventory finally rise back up. The first quarter of 2023 had the lowest number of homes listed in recorded history.
Birmingham Appraisal
FEBRUARY 6, 2024
We all know that the three most important factors in real estate are location, location, and location. A great skill to have for a real estate agent, or anyone in the real estate industry, is the ability to download sales data from your local MLS and import it into a spreadsheet program like Excel or Google Sheets.
Lamacchia Realty
FEBRUARY 22, 2023
2022 started with low inventory and high competition as predicted , but by April rates began their ascent and the market began its shift. Since then, as rates and inflation have continued to influence consumer sentiment and spending, inventory has remained low as sellers hesitate to dive into the market. Real estate is a long game.
Lamacchia Realty
MARCH 12, 2024
As predicted , 2024 has started with low inventory, and mortgage rates have remained relatively stable in the high 6’s and low 7’s. Due to rising rates and home prices that have continued to influence consumer spending, 2023 saw the lowest inventory in recorded history, and in 2024, sellers are still hesitant to enter the market.
Housing Wire
JUNE 8, 2023
It is no secret that housing inventory is low. In April 2023, data from NAR and Realtor.com showed there were roughly 1.1 households earn $75,000 or less, meaning that in a balanced market, 51% of the homes for sale would be affordable to buyers in this income bracket. million homes listed for sale. Of those 1.1 Of those 1.1
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