Remove Book Remove Development Remove Inventory Remove Open Houses
article thumbnail

Price Adjustments and the 2023 Market

Lamacchia Realty

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. Inventory didn’t increase at the rate most assumed it would.

article thumbnail

Price Adjustments in this New Housing Market

Lamacchia Realty

In early March it was becoming clear that the market was changing from a frenzied post-pandemic scene to one where rising mortgage rates would slow it down and help inventory finally rise back up. For the past few years, with inventory at historically low levels , sellers were coming pretty close to naming their price and buyers were paying.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Price Adjustments in 2021: Tis the Season

Lamacchia Realty

Inventory is still very tight despite a slight increase, and as you can see in the chart below from our Massachusetts Updates page , the percentage of homes placed under agreement out of total inventory is still higher than it ever has been but its noticeably lower than it was in the first six months of the year.

article thumbnail

17 Realtors® Go Back in Time: First Year Real Estate Advice

Raleigh Realty

Not only does this help new agents learn all the inventory in their local markets but it also gets them familiar with driving through all the subdivisions and neighborhoods. I worked open houses, made daily calls to my database, and focused on my “sphere”. Develop a niche and/or positioning (and target audience).

article thumbnail

River Oaks Houston Homebuyers Guide

Houston Properties

One of Houston’s older neighborhoods, River Oaks was developed by brothers Mike and Will Hogg, along with their business partner Hugh Potter. River Oaks Bookstore — A venue for book signings and photography exhibits, The River Oaks Bookstore has been in the neighborhood for over 40 years. lower risk for mistakes.

article thumbnail

Can 3-D printed homes help solve the housing crisis?

Housing Wire

Last May, Sam Khater, chief economist for Freddie Mac , the government-sponsored enterprise and mortgage purchaser, issued a report with the grim conclusion: “Inventory of both new and existing homes for sale is currently at a historical low.”. “They’re stressed on so many fronts right now.”. That’s $307,000 in non-construction costs.

article thumbnail

How to Take Advantage of the Cooler Summer Market

Lamacchia Realty

For the first time in years inventory is at the same level as the year prior as depicted in the chart above, and single families are higher as depicted in the chart below. The informed consumer should not be misled into thinking that this means we’re going to endure a major housing correction or 2008-like scenario. or 3% to 5.5%