Housing Wire
DECEMBER 26, 2023
It could be difficult for some folks to maintain profitability or even achieve profitability because there is some level of fixed costs to doing business, especially if home sales remain depressed and you have a situation where the commission rates come down,” Anthony Paolone, a real estate senior analyst at J.P. Morgan , said.
Housing Wire
MAY 5, 2022
Most buyers looking for a primary residence won’t consider a home with tenants in it. Buyers worry the home won’t be as well cared for as it would if the owners lived in the home. You can conduct the sale as you would with any other buyer, selling the house in a decent amount of time. This increases your target audience.
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Lamacchia Realty
OCTOBER 25, 2023
Now, a year and a half later, with rates up to 8%, buyer affordability is significantly diminished. Coming from the frenzied pandemic market where inventory was at historically low levels , sellers are holding the line and buyers are still the ones competing in this market. In the graphic to the right, you can see this more clearly.
Lamacchia Realty
JUNE 21, 2022
Now, months later, with rates up nearly 100% from the start of the year- January mortgage rates were hovering in the low to mid 3’s and this week reached 6.28%- diminished buyer affordability is causing a big downshift in demand. Rising prices weren’t favorable but with historically low mortgage rates , they were still affordable for buyers.
Lamacchia Realty
AUGUST 3, 2021
Though there were several months through winter and spring that it never seemed possible this year, the market is slowly beginning to be less competitive for buyers. But if the home has been available long enough, it’s time to consider adjusting the list price to gain more visibility from more potential buyers.
Housing Wire
JUNE 15, 2022
Some buyers who couldn’t qualify for a conventional mortgage turned to an ARM to make lower monthly payments. Since the launch last month, Jumbo ARMs represented 28% of its jumbo business, the lender told HousingWire. Homepoint’s jumbo ARMs have a seven- or 10-year fixed-rate period and the loan adjusts every six months.
Listing Spark
JUNE 7, 2024
However, today’s housing market has been incredibly difficult for house-flipping TV stars —and it’s challenging for smaller business owners too. These steeper interest rates make it harder to buy homes and place them in the right bracket for easy flips. Savvy investors should instead acquire more properties.
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