Lamacchia Realty

OCTOBER 25, 2023

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.

Bracketing 61

Bracketing Marketing Sellers Buyers 61

Lamacchia Realty

JUNE 21, 2022

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. As a result, there’s less demand for the available inventory, creating more price adjustments.

Housing Market 63

Housing Market Bracketing Marketing Sellers 63

Birmingham Appraisal

FEBRUARY 6, 2024

We see national news stories that say this or that about the housing market, however, it may or may not reflect what is going on in our neck of the woods. If this is true then we need to have a grasp on the different market indicators for our local market. Your market may have other sources of market data as well.

Inventory 77

Inventory Real Estate Sellers Buyers 77

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. It comes with a negative stigma for sellers to hear that a price adjustment is recommended.

Bracketing 68

Bracketing Sellers Buyers Inventory 68

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. Due to rising rates and home prices that have continued to influence consumer spending, 2023 saw the lowest inventory in recorded history, and in 2024, sellers are still hesitant to enter the market.

Buyers 67

Buyers Inspection Sellers Real Estate 67

Lamacchia Realty

JANUARY 10, 2022

The housing market around the Greater Boston area is enduring a market climate never seen before as a result of the COVID-19 pandemic. Inventory initially dropped in March 2020 as a result of sellers pausing on listing their homes and that number has stayed extremely low since. Consider Waiving Inspection.

Sellers 71

Sellers Buyers Inspection Bracketing 71

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.

Buyers 41

Buyers Sellers Inspection Bracketing 41