Appraisal Today

APRIL 26, 2024

The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. A non-arm’s length sale in real estate is a transaction between a seller and buyer who have a connection by marriage, family, work, etc.

Appraisal 75

Appraisal Real Estate Real Estate Agent Contracts 75

Eppraisal

MARCH 17, 2023

From COVID-19 interventions to supply chain disruptions to record inflation, the hits kept coming against a real estate market that was already experiencing diminished inventories and a growing pool of buyers. Mitigating factors, however, were that millennials were eager to buy first homes and mortgage rates were low.

Supply Chain 69

Supply Chain Home Value Inventory Construction 69

Housing Wire

NOVEMBER 7, 2023

And homes in many communities have shot up in value in recent years, leading to tax increases through reassessments. But opinions differ on how much impact higher taxes are having on local housing and mortgage markets. “I single-family home was $3,901, up 3% compared to 2021, ATTOM reported.

Property Taxes 541

Property Taxes Home Value Government Buyers 541

Listing Spark

MARCH 9, 2023

Episode Summary Aaron Jistel gives an update on the Texas Real Estate Market in Q1 2023 and recaps the 2022 market noting that it had been affected by a sudden increase in mortgage rates, with sales and home values declining. Things are starting to look up in 2023 with a break in mortgage rates. [00:05:15]-[00:05:31]

Real Estate 28

Real Estate Marketing Sellers Home Value 28

Appraisal Buzz

APRIL 2, 2024

And while the portion of wages needed for home ownership dipped in the first quarter compared with the fourth quarter, it remained up annually in most of nation. of the 590 counties analyzed in ATTOM’s first-quarter 2024 U.S. Home Affordability Report. Home Affordability Report. However, it remained up annually in 90.3

Property Taxes 195

Property Taxes Insurance Home Value Buyers 195

Housing Wire

JANUARY 3, 2024

If a Colorado teacher making the average salary had $20,000 to put towards a down payment and were willing to spend 30% of their pre-tax salary on their mortgage payment, she could afford a house that cost about $225,000. When teachers can’t afford to buy homes, school districts can’t hire teachers.

Landlords 462

Landlords Home Value Construction Renovations 462

Lamacchia Realty

FEBRUARY 27, 2024

JANUARY 2024 MAINE housing report MAINE Home Sales Down, Average Price Up Home sales are down 3.6% year over year, with January 2024 at 904 compared to 938 last January. 2024: 1,096 2023: 964 2022: 1,080 Pending Home Sales: The number of homes placed under contract is down by 13.3%

Sellers 56

Sellers Real Estate Buyers Inventory 56

Lamacchia Realty

FEBRUARY 23, 2024

JANUARY 2024 new hampshire housing report NEW HAMPSHIRE Home Sales Up, Average Price Up Home sales are up 10.8% year over year, with January 2024 at 967 compared to 873 last January. 2024: 1,140 2023: 967 2022: 1,095 Pending Home Sales: The number of homes placed under contract is up by 6.1%

Sellers 54

Sellers Real Estate Buyers Inventory 54

Lamacchia Realty

FEBRUARY 27, 2024

JANUARY 2024 massachusetts housing report MASSACHUSETTS Home Sales Down, Average Prices Up Home sales are down 5.2% year over year, with January 2024 at 3,751 compared to 3,956 last January. 2024: 4,702 2023: 4,330 2022: 4,636 Pending Home Sales: The number of homes placed under contract is down by 0.4%

Sellers 62

Sellers Real Estate Buyers Inventory 62

Lamacchia Realty

FEBRUARY 27, 2024

JANUARY 2024 connecticut housing report CONNECTICUT Home Sales Down, Average Price Up Home sales are down 5.4% year over year, with January 2024 at 2,082 compared to 2,200 last January. Single families: 1,686 (2023) | 1,600 (2024) Condominiums: 514 (2023) | 482 (2024) Average sale price has increased by 11.8%

Sellers 58

Sellers Real Estate Buyers Inventory 58

Lamacchia Realty

NOVEMBER 29, 2023

2024 Loan Limits Increase by $40,000 FHFA announced yesterday that in 2024 the conforming loan limits will rise by $40,000 to $766,550 compared to $726,200 in 2023 for single-family/one-unit properties. This is the base number, as higher-priced homes and regions will have higher limits based on average home prices in the area.

Realty 67

Realty Law Home Value Government 67

Lamacchia Realty

FEBRUARY 27, 2024

JANUARY 2024 SOUTH FLORIDA housing report SOUTH FLORIDA Home Sales Down, Average Price Up Home sales are down 0.5% year over year, with January 2024 at 4,420 compared to 4,442 last January. 2024: 12,307 2023: 9,929 2022: 10,583 Pending Home Sales: The number of homes placed under contract is down by 9.1%

Inventory 52

Inventory Sellers Real Estate Buyers 52

Lamacchia Realty

FEBRUARY 27, 2024

JANUARY 2024 rhode island housing report RHODE ISLAND Home Sales Down, Average Price Up Home sales are down 7.3% year over year, with January 2024 at 636 compared to 686 last January. when compared to January 2023 2024: 989 2023: 953 2022: 1,098 Pending Home Sales: The number of homes placed under contract is up by 9.1%

Sellers 52

Sellers Real Estate Buyers Inventory 52

Listing Spark

FEBRUARY 7, 2024

As we enter into 2024, we are stepping out of one of the most turbulent years for real estate in Texas in some time. On the heels of the largest run up in home values in recorded history, we saw an abrupt and heavy shift that’s been challenging to grapple with for sellers and buyers. trillion compared to $2.75

Real Estate 36

Real Estate Sellers Home Value Inventory 36

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

Will Springer Realtor

APRIL 10, 2024

Recent news that the National Association of Realtors® (NAR) wishes to settle a series of lawsuits from home sellers has sent ripples through the real estate industry. Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

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

Will Springer Realtor

JANUARY 9, 2024

The Federal Reserve recently updated its forecast, hinting at a potential decrease of about 75 basis points (0.75%) in its short-term lending rate by the year’s end – promising news for borrowers in 2024. Treasurys and mortgage-backed securities. At the same time, many homeowners are sitting comfortably with low mortgage rates.

Mortgage 36

Mortgage Real Estate Law Lending 36

Will Springer Realtor

AUGUST 11, 2023

All this, while we prepare to experience in a few years the largest wave of potential home-purchase demand in our nation’s history. As the chart shows, a historically large segment of Millennials is inching toward 36, the median age of a first-time home buyer in the U.S. income can qualify for financing on a median-priced home.

Buyers 36

Buyers Development Construction New Listings 36

Lamacchia Realty

DECEMBER 19, 2023

The number of homes listed increased by 5.7% Mortgage rates in November fell from the October highs, coming down to the low 7s towards the end of the month, per Mortgage News Daily. What does this mean for Buyers ? Inventory levels in Connecticut are not increasing nearly enough to meet the buyer demand in the market.

Real Estate 57

Real Estate Sellers Home Value Buyers 57

Lamacchia Realty

DECEMBER 19, 2023

The number of homes listed decreased slightly by 0.69% when compared to this time last year. Mortgage rates in November fell from the October highs, coming down to the low 7s towards the end of the month, per Mortgage News Daily. What does this mean for Buyers ? What’s next?

Real Estate 63

Real Estate Sellers Buyers Realtors 63

Lamacchia Realty

DECEMBER 19, 2023

The number of homes listed increased by 7.3% Mortgage rates in November fell from the October highs, coming down to the low 7s towards the end of the month, per Mortgage News Daily. What does this mean for Buyers ? Therefore, the affordability and availability of homes continue to concern active buyers.

Real Estate 56

Real Estate Sellers Buyers Realtors 56

Listing Spark

SEPTEMBER 25, 2023

From late summer of 2022 to now, the Texas real estate market has experienced one of the most unpredictable corrections in recent history, leaving a lot of home-buyers and sellers scratching their heads and trying to make sense of what is going on. The big twist? A sharp increase in interest rates.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Lamacchia Realty

JANUARY 24, 2024

The number of homes listed decreased by 1.2%, and the number of homes that went pending decreased by 2.1% Per Mortgage News Daily , mortgage rates dropped into the mid-6s by the end of the month. What does this mean for Buyers ? Instant Home Evaluation See immediately how this market is impacting your home value.

Sellers 36

Sellers Real Estate Buyers Realty 36

Lamacchia Realty

JANUARY 24, 2024

The number of homes listed increased by 1.5%, and the number of homes that went pending increased by 10.9% Per Mortgage News Daily , mortgage rates dropped into the mid-6s by the end of the month. What does this mean for Buyers ? Instant Home Evaluation See immediately how this market is impacting your home value.

Sellers 36

Sellers Real Estate Buyers Realty 36

Empire Appraisal Group

OCTOBER 28, 2021

In the years before 2008, mortgage lenders made subprime loans to borrowers without verified income or adequate down payments while pushing risky loan products. But … home price growth will decelerate in the coming year, experts predict. Stronger mortgage market. mortgages were in forbearance. The short answer?

Inventory 78

Inventory Housing Market Construction Real Estate 78

Lamacchia Realty

JANUARY 24, 2024

The number of homes listed decreased by 6.5%, and the number of homes that went pending decreased by 3.3% Per Mortgage News Daily , mortgage rates dropped into the mid-6s by the end of the month. What does this mean for Buyers ? Instant Home Evaluation See immediately how this market is impacting your home value.

Sellers 36

Sellers Real Estate Buyers Realty 36

Lamacchia Realty

DECEMBER 21, 2023

The number of new listings as well as average sale price has increased for single family homes and condos/townhomes across all three counties. Mortgage rates in November fell from the October highs, coming down to the low 7s towards the end of the month, per Mortgage News Daily. What does this mean for Buyers ?

New Listings 53

New Listings Real Estate Inventory Sellers 53

Lamacchia Realty

JANUARY 24, 2024

Per Mortgage News Daily , mortgage rates dropped into the mid-6s by the end of the month. What does this mean for Buyers ? If you are a serious buyer who is ready to buy in South Florida , make sure you take the necessary steps to prepare before starting the search to make sure you are set up for success!

New Listings 36

New Listings Sellers Real Estate Buyers 36