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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. How do you know your house is overpriced?

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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. See chart below.

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Price Adjustments in 2021: Tis the Season

Lamacchia Realty

Buyers have had more money to work with due to the low mortgage rates , and sellers who actually listed their properties were given the pick of the litter in multiple offer situations where most of the time, the homes were selling for over asking. How do you know your house is overpriced?

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Price Adjustments in Florida Rise Rapidly

Lamacchia Realty

An experienced REALTOR® will make it very clear from the beginning that pricing right is the key to selling faster and for more money. How do you know your house or condo is overpriced? If three weeks pass without serious interest, it’s advisable to consult with your REALTOR® about adjusting the list price.

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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

Top Ranked Realtors: Paige Martin & The Houston Properties Team. 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. 2018: Texas’ Most Influential Realtors.