Remove 2023 Remove Buyers Remove Home Value Remove Sellers
article thumbnail

DataDigest: Yes, buyer agents steer clients, new study claims

Housing Wire

Three researchers believe a first-of-its-kind dataset has enabled them to definitively answer a long-debated question: why have buyer agent commission rates been so stable historically? and relied on salaried agents rather than commission-paid agents, who typically cost sellers 5-6%. One of the researchers, Will Fried, had a hunch.

Clients 423
article thumbnail

How the housing market will evolve in 2023

Housing Wire

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. Mortgage interest rates The unrelenting Fed policies to combat inflation will eventually instigate an economic recession sometime in 2023. most likely by mid-year.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Don’t expect a drastic housing market turnaround in 2023, Fitch Ratings says

Housing Wire

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. Fitch Ratings expects a challenging 2023 — at least in the near term — while the industry right-sizes from the $4 trillion production volume that occurred during the pandemic boom years.

article thumbnail

Do Wood Floors Increase Home Value?

Lamacchia Realty

Do Wood Floors Increase Home Value? If you’re thinking about selling your house, one upgrade that can increase your home’s resale value is hardwood flooring. Potential home buyers may be looking for that extra bit of charm that wood floors offer.

article thumbnail

August 2023 Massachusetts Housing Report

Lamacchia Realty

AUGUST 2023 massachusetts housing report August Highlights INSERT BLURB HERE MASSACHUSETTS Combined Home Sales Down 22.4% year over year, with August 2023 at 6,833 compared to 8,809 last August. 2023: 5,974 2022: 7,609 2021: 8,995 Price Reductions: The number of price reductions is down 26.5% Combined sales are down 22.4%

article thumbnail

October 2023 Massachusetts Housing Report

Lamacchia Realty

october 2023 massachusetts housing report MASSACHUSETTS Home Sales Down, Average Prices Up Home sales are down 14.3% year over year, with October 2023 at 5,613 compared to 6,553 last October. 2023: 6,586 2022: 6,585 2021: 8,136 Pending Home Sales: The number of homes placed under contract is down by 6.3%

Sellers 65
article thumbnail

August 2023 Connecticut Housing Report

Lamacchia Realty

AUGUST 2023 connecticut housing report August Highlights INSERT BLURB HERE CONNECTICUT Combined Home Sales Down 22.2% year over year, with August 2023 at 3,573 compared to 4,590 last July. Single families: 3,632 (2022) | 2,781 (2023) Condominiums: 958 (2022) | 792 (2023) Combined average prices have increased by 10.8%