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Price Adjustments in this New Housing Market

Lamacchia Realty

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.

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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. This highlights the importance of Avoiding the 9 Most Common Mistakes Buyers Make.

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2024 Bidding Wars – How to Strike and Win

Lamacchia Realty

Those looking to buy a home this year need to do all they can to make the strongest offer when the right house becomes available. The first line of defense is hiring a REALTOR® who is experienced in handling the complexities of multiple offers in this adjusting market with higher rates. Appeal to their emotions.

Buyers 67
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Median income earners can only afford 25% of current listings

Housing Wire

And while this situation is certainly far from ideal, according to a report published Thursday by the National Association of Realtors and Realtor.com , even with the existing level of homes available for sale, the housing affordability and inventory shortage issues wouldn’t be so severe if there were enough homes for buyers at all income levels.

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Housing Statistics for Beginners, Part 2

Birmingham Appraisal

Unlocking the Basics: Part 2 of Housing Statistics for Beginners In my last blog post, which was the first installment in this multi-part series, I discussed why it is important for agents to be aware of local housing statistics. Your market may have other sources of market data as well.

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2022 Bidding Wars – How to Strike and Win

Lamacchia Realty

The housing market around the Greater Boston area is enduring a market climate never seen before as a result of the COVID-19 pandemic. In this ultra-competitive market, buyers need to do all they can to make the strongest offer when the right house becomes available.

Sellers 71
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2023 Bidding Wars – How to Strike and Win

Lamacchia Realty

This stalemate has maintained low inventory and competition among buyers for what is available on the market. Buyers need to do all they can to make the strongest offer when the right house becomes available. Compose a Personal Letter Sellers are often more likely to choose a buyer with whom they feel comfortable.

Buyers 41