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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.

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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. Rising prices weren’t favorable but with historically low mortgage rates , they were still affordable for buyers.

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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.

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2024 Bidding Wars – How to Strike and Win

Lamacchia Realty

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.

Buyers 70
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How to Maximize Appraisal Underwriting Approvals in Rural Markets

Genworth MI Blog

Consequently, probabilities suggest that a majority of mortgage underwriters are also from urban/suburban areas. Training is accomplished by using examples of acceptable rural appraisals as training tools for underwriters. I refer to this approach as high-level bracketing. Although 97% of the U.S. of the U.S. Shift Terminology.

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How to Maximize Appraisal Underwriting Approvals in Rural Markets

Genworth MI Blog

Consequently, probabilities suggest that a majority of mortgage underwriters are also from urban/suburban areas. Training is accomplished by using examples of acceptable rural appraisals as training tools for underwriters. I refer to this approach as high-level bracketing. Although 97% of the U.S. of the U.S. Shift Terminology.

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2022 Bidding Wars – How to Strike and Win

Lamacchia Realty

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. Consider Waiving Inspection. Shorten Contingency Time Frames.

Sellers 72