Appraisal Today

AUGUST 4, 2023

In a truly Orwellian move, mortgage giant Freddie Mac recently announced its intent to censor an arbitrary collection of words such as “desirable,” “safe,” “well-kept,” “student” and “crime” when they appear, in any context, in the hundreds of thousands of appraisal reports it relies on in mortgage underwriting.

Appraisal 72

Appraisal Business Contracts Real Estate 72

Housing Wire

MARCH 15, 2024

Mortgage demand has been on the rise for two weeks in a row. Inventory has been trending upward for the last two years despite persistently high mortgage rates, Mike Simonsen, president and founder of Altos Research , wrote on Monday. Such homes went under contract typically after 17 days on the market. That’s up 4.2%

New Listings 469

New Listings Inventory Home Value Contracts 469

Appraisal Today

MARCH 22, 2024

NOTE: Please scroll down to read the other topics in this long blog post on Fannie March Update, Bias and not using time adjustments, Climate change effects on risk and values, answer your phone if you want more appraisal business, unusual homes, mortgage origination stats, etc. Mortgage applications decreased 1.6

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Appraisal Contracts Business Insurance 66

Appraisal Today

FEBRUARY 23, 2024

NOTE: Please scroll down to read the other topics in this long blog post on residential fee appraiser testifies at bias hearing, what happens to Fannie complaints, Why I love real estate appraising, unusual homes, mortgage origination stats, etc. == Concrete Chateau Artisan Rising From a Lake in Miami FL Is Available for $21.8M

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Appraisal Real Estate Contracts Reconsideration of Value 68

Appraisal Today

MAY 19, 2023

NOTE: Please scroll down to read the other topics in this long blog post on hybrid appraisals, business tips, UAD info from Freddie, Fannie modernization, non-lender appraisals, unusual homes, mortgage origination stats, etc. = If you started appraising before AMCs took over, such as mortgage brokers, you had to do some marketing.

Appraisal 52

Appraisal Business Contracts Real Estate 52

Appraisal Today

APRIL 14, 2023

NOTE: Please scroll down to read the other topics in this long blog post on liability, appraisal errors, non-lender appraisals, Fannie non-appraisal options, unusual homes, mortgage origination stats, etc. If our business revolves around mortgage lending, we are used to dealing with clients who have a certain level of sophistication.

Appraisal 52

Appraisal Bracketing Contracts Valuation 52

Appraisal Today

FEBRUARY 24, 2023

NOTE: Please scroll down to read the other topics in this long blog post – Bias, Cost cutting, slow business, unusual homes, mortgage origination stats, etc. AMCs had taken over the mortgage-lending work. If you do many custom homes, you may see some of these styles being built today. Or hit the reply button.

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Appraisal Architecture Valuation Business 52

Appraisal Today

JUNE 10, 2022

The Inevitable Cyclicality of Mortgage Lending. NOTE: Please scroll down to read the other topics in this long blog post on declining mortgage loans, real estate market, unusual homes, mortgage origination stats, etc. ==. “Americans have seen home values rise at record rates over the past few years.

Appraisal 52

Appraisal Contracts Business Mortgage 52

Lamacchia Realty

DECEMBER 19, 2023

NOVEMBER 2023 connecticut housing report CONNECTICUT Home Sales Down, Average Prices Up Home sales are down 12.9% year over year, with November 2023 at 2,732 compared to 3,138 last November. Single families: 2,402 (2022) | 2,109 (2023) Condominiums: 736 (2022) | 623 (2023) Average sales price has increased by 8.2%

Real Estate 58

Real Estate Sellers Home Value Buyers 58

Lamacchia Realty

DECEMBER 19, 2023

NOVEMBER 2023 massachusetts housing report MASSACHUSETTS Home Sales Down, Average Prices Up Home sales are down 11.2% year over year, with November 2023 at 5,397 compared to 6,078 last November. 2023: 4,691 2022: 5,333 2021: 7,485 Price Reductions: The number of price reductions is down 4% when compared to November 2022.

Real Estate 64

Real Estate Sellers Buyers Realtors 64

Lamacchia Realty

NOVEMBER 27, 2023

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

Sellers Real Estate Buyers Inventory 65

Housing Wire

DECEMBER 5, 2022

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. In fact, it was the skills I developed selling loans that helped develop my ability to influence policy leaders and others in industry during my time as Federal Housing Commissioner and as CEO of the Mortgage Bankers Association.

Housing Market 515

Housing Market Marketing Supply Chain Mortgage 515

Lamacchia Realty

NOVEMBER 27, 2023

OCTOBER 2023 connecticut housing report CONNECTICUT Home Sales Down, Average Prices Up Home sales are down 12.1% year over year, with October 2023 at 2,966 compared to 3,373 last October. Single families: 2,620 (2022) | 2,305 (2023) Condominiums: 753 (2022) | 661 (2023) Average sales price has increased by 12.2%

Sellers 59

Sellers Real Estate Buyers Inventory 59

Lamacchia Realty

DECEMBER 19, 2023

NOVEMBER 2023 new hampshire housing report NEW HAMPSHIRE Home Sales Down, Average Prices Up Home sales are down 4.9% year over year, with November 2023 at 1,460 compared to 1,535 last November. 2023: 1,321 2022: 1,231 2021: 1,530 Pending Home Sales: The number of homes placed under contract is up by 0.7%

Real Estate 57

Real Estate Sellers Buyers Realtors 57

Lamacchia Realty

OCTOBER 19, 2023

SEPTEMBER 2023 connecticut housing report CONNECTICUT Home Sales Down, Average Prices Up Home sales are down 22.2% year over year, with September 2023 at 3,119 compared to 4,011 last September. Single families: 3,140 (2022) | 2,394 (2023) Condominiums: 871 (2022) | 725 (2023) Average sales price has increased by 5.7%

Sellers 60

Sellers Real Estate Buyers Realty 60

Lamacchia Realty

AUGUST 25, 2023

JULY 2023 massachusetts housing report July Highlights Mortgage rates and inventory levels continue to shape the housing market landscape as we continue through the summer months. Home sales are down once again in the month of July, and homes listed is also down when compared to this time last year.

Sellers 58

Sellers Real Estate Inventory Buyers 58

Lamacchia Realty

MARCH 28, 2023

February 2023 massachusetts housing report February Highlights The Massachusetts housing market is beginning to pick up as we head further into the year, but home sales are still down significantly in February compared to this time last year. In February, mortgage rose to the high 6%s, and even went over 7% in early March.

Sellers 69

Sellers Inventory Buyers Real Estate 69

Lamacchia Realty

AUGUST 25, 2023

JULY 2023 connecticut housing report July Highlights Mortgage rates and inventory levels continue to shape the housing market landscape as we continue through the summer months. Home sales are down once again in the month of July, and homes listed is also down when compared to this time last year.

Sellers 58

Sellers Real Estate Inventory Buyers 58

Listing Spark

SEPTEMBER 25, 2023

A Dip in New Mortgages With interest rates soaring to unexpected heights, many prospective homebuyers have taken a step back from applying for new mortgages. Many have been caught off guard by the spike in rates and are cautiously waiting and hoping for home values to become more affordable.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Lamacchia Realty

APRIL 24, 2023

MARCH 2023 massachusetts housing report March Highlights Tune in to Anthony's Quarterly Market Update Thursday, April 27th! Mortgage rates continue to keep consumers and experts on their toes. In March, mortgage interest rates started at around 7% , but came down as the month went on. MASSACHUSETTS Home Sales Down 22.1%

Sellers 63

Sellers Buyers Inventory Real Estate 63

Lamacchia Realty

OCTOBER 19, 2023

SEPTEMBER 2023 massachusetts housing report MASSACHUSETTS Home Sales Down, Average Prices Up Home sales are down 22.4% year over year, with September 2023 at 5,791 compared to 7,466 last September. 2023: 5,566 2022: 6,542 2021: 8,936 Price Reductions: The number of price reductions is down 35.3%

Sellers 60

Sellers Real Estate Buyers Realty 60

Lamacchia Realty

NOVEMBER 27, 2023

october 2023 new hampshire housing report NEW HAMPSHIRE Home Sales Down, Average Prices Up Home sales are down 14.5% year over year, with October 2023 at 1,533 compared to 1,792 last October. 2023: 1,858 2022: 1,741 2021: 1,920 Pending Home Sales: The number of homes placed under contract is down by 0.8%

Sellers 58

Sellers Real Estate Buyers Inventory 58

Lamacchia Realty

AUGUST 25, 2023

JULY 2023 new hampshire housing report July Highlights Mortgage rates and inventory levels continue to shape the housing market landscape as we continue through the summer months. Home sales are down once again in the month of July, and homes listed is also down when compared to this time last year.

Sellers 50

Sellers Real Estate Inventory Buyers 50

Lamacchia Realty

JANUARY 24, 2024

DECEMBER 2023 connecticut housing report CONNECTICUT Home Sales Down, Average Prices Up Home sales are down 9% year over year, with December 2023 at 2,758 compared to 3,031 last December. Single families: 2,379 (2022) | 2,136 (2023) Condominiums: 652 (2022) | 622 (2023) Average sales price has increased by 10.6%

Sellers 36

Sellers Real Estate Buyers Realty 36

Lamacchia Realty

JANUARY 24, 2024

DECEMBER 2023 new hampshire housing report NEW HAMPSHIRE Home Sales Down, Average Prices Up Home sales are down 11.2% year over year, with December 2023 at 1,255 compared to 1,413 last December. 2023: 799 2022: 787 2021: 996 Pending Home Sales: The number of homes placed under contract is up by 10.9%

Sellers 36

Sellers Real Estate Buyers Realty 36

Lamacchia Realty

OCTOBER 19, 2023

SEPTEMBER 2023 new hampshire housing report NEW HAMPSHIRE Home Sales Down, Average Prices Up Home sales are down 27.5% year over year, with September 2023 at 1,574 compared to 2,171 last September. 2023: 1,645 2022: 1,856 2021: 2,352 Data provided by NEREN then compared to the prior year.

Sellers 54

Sellers Real Estate Buyers Realty 54

Housing Wire

DECEMBER 1, 2022

“Higher interest rates further dented home sales, which declined at a moderate pace overall but fell steeply in some Districts,” the report states, noting that “residential construction slid further at a modest pace” and “home prices grew less rapidly or declined outright amid weak demand.”. million in 2023 from 5.67

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Housing Market Marketing Construction Inventory 369

Appraisal Today

MARCH 3, 2023

household Excerpts: The ratio between Black home values and home values overall is closing. Black home values increased faster than home values for all other races over the course of the pandemic, giving an equity boost to Black homeowners. Black home values appreciated 42.5%

Tools 52

Tools Appraisal Home Value Contracts 52

Lamacchia Realty

MARCH 28, 2023

February 2023 new hampshire housing report February Highlights The New Hampshire housing market has shown some signs of momentum, but overall February home sales remain considerably lower than last year. However, mortgage rates have fallen from their recent highs and are expected to continue doing so in the coming weeks.

Sellers 51

Sellers Inventory Buyers Real Estate 51

Lamacchia Realty

JANUARY 24, 2024

DECEMBER 2023 massachusetts housing report MASSACHUSETTS Home Sales Down, Average Prices Up Home sales are down 15.7% year over year, with December 2023 at 5,016 compared to 5,951 last December. 2023: 2,367 2022: 2,531 2021: 3,462 Pending Home Sales: The number of homes placed under contract is down by 3.3%

Sellers 36

Sellers Real Estate Buyers Realty 36

Lamacchia Realty

JULY 25, 2023

JUNE 2023 massachusetts housing report June Highlights The number of homes listed in Massachusetts is down 33.6% when compared to June 2023. Furthermore, the number of homes listed in the first half of the year is the lowest in recorded history, click here to learn more. MASSACHUSETTS Combined Home Sales Down 18.6%

Sellers 53

Sellers Real Estate Buyers Realty 53

Lamacchia Realty

JULY 25, 2023

June 2023 connecticut housing report June Highlights The number of homes listed in Connecticut is down 30.4% when compared to June 2023. Furthermore, the number of homes listed in the first half of the year is the lowest in recorded history, click here to learn more. CONNECTICUT Combined Home Sales Down 21.5%

Sellers 53

Sellers Real Estate Buyers Realty 53

Housing Wire

JULY 25, 2022

The Fannie Mae report projects “strong deceleration in home-price growth going forward” due to higher mortgage rates and the overall slowing economy affecting purchase demand. Although house-price appreciation will grow at a more moderate rate, home prices [still] remain high relative to homebuyer incomes.

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Housing Market Marketing Supply Chain Real Estate 395

Lamacchia Realty

APRIL 24, 2023

March 2023 new hampshire housing report March Highlights Tune in to Anthony's Quarterly Market Update Thursday, April 27th! Economic factors such as inflation, major bank crises, as well as monetary policy will continue to impact mortgage rates as spring rolls on – keeping consumers and experts alike on the edge of their seats.

Sellers 62

Sellers Buyers Inventory Real Estate 62

Lamacchia Realty

FEBRUARY 22, 2023

January 2023 New England housing reports Massachusetts – New Hampshire – Connecticut January Home Sales Down Nearly 36% in Northeast “We are experiencing a classic economic overcorrection in the housing sector with respect to the number of sales. Most will either renovate or expand their homes rather than sell.

Real Estate 70

Real Estate Sellers Contracts Buyers 70

Lamacchia Realty

MARCH 28, 2023

February 2023 connecticut housing report February Highlights As we move further into the year, the Connecticut housing market is showing signs of improvement, although home sales in February are still significantly lower compared to last year. CONNECTICUT Home Sales Down 25.3% Sales are down 25.3% when compared to February 2022.

Sellers 54

Sellers Buyers Inventory Real Estate 54

Lamacchia Realty

APRIL 24, 2023

March 2023 connecticut housing report March Highlights Tune in to Anthony's Quarterly Market Update Thursday, April 27th! Mortgage rates continue to keep consumers and experts busy as economic factors such as inflation, major bank crises, as well as monetary policy continue to play a huge role in the story through the spring months.

Sellers 51

Sellers Buyers Inventory Real Estate 51