Bracketing Insurance Inventory Mortgage 
Lamacchia Realty
MARCH 12, 2024
As predicted , 2024 has started with low inventory, and mortgage rates have remained relatively stable in the high 6’s and low 7’s. Although inventory is slightly higher now than this time last year, competition is still fierce. Speak with your lender to determine the earliest mortgage contingency date.
Lamacchia Realty
JANUARY 10, 2022
Inventory initially dropped in March 2020 as a result of sellers pausing on listing their homes and that number has stayed extremely low since. Now in 2022, it’s predicted that inventory will continue to stay low and competition will remain immensely high. Shorten Contingency Time Frames. Increase Your Down Payment.
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Lamacchia Realty
FEBRUARY 22, 2023
2022 started with low inventory and high competition as predicted , but by April rates began their ascent and the market began its shift. Since then, as rates and inflation have continued to influence consumer sentiment and spending, inventory has remained low as sellers hesitate to dive into the market. Real estate is a long game.
Lamacchia Realty
MARCH 26, 2024
Condo sales in particular have experienced a significant decline in recent weeks which can be attributed to the ongoing insurance crisis in the state and to the increased association fees and/or added special assessments for condos due to the more stringent regulations resulting from the tragic Champlain Tower Collapse in Surfside, Florida.
Houston Properties
JANUARY 13, 2021
Today's monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007. In addition, mortgage rates are at an all-time low. Some companies are offering 30-year fixed-rate mortgages for less than 2.3%. 2020 ended favoring sellers.
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