Realtor

OCTOBER 16, 2023

. “Many lenders, especially in more recent years, have started to charge hidden points in an effort to advertise a much lower mortgage rate to potential applicants,” warns Jason Gelios , author of “Think Like a Realtor” and a real estate agent with Community Choice Realty in South East Michigan.

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

Lamacchia Realty

FEBRUARY 14, 2024

From low inventory levels to increasing mortgage rates , the real estate landscape has experienced a multitude of changes and challenges over the last several years, leaving many sellers wondering when the “right” time to list would be given current market conditions. At Lamacchia Realty, our REALTORS® do this every day!

Sellers 64

Sellers Realtors Buyers Inventory 64

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. For the past few years, with inventory at historically low levels , sellers were coming pretty close to naming their price and buyers were paying.

Housing Market 65

Housing Market Bracketing Marketing Sellers 65

Housing Wire

OCTOBER 13, 2021

Earlier this year, however, agents in the metro were seeing houses go into contract within five days of being listed and properties with desirable features – such as single-story living and an updated kitchen and bath – bringing in 20 to 30 offers. I have been getting buyers from Ohio, California and all over.”. It is really wild.”.

Buyers 397

Buyers Agents Inventory Realty 397

Lamacchia Realty

JANUARY 27, 2023

The 2022 Connecticut Year in Review Housing Report breaks down sales, new listings, new pending sales, active inventory, and average price compared to the 2021 market and analyzes what the data means for the current housing market and beyond. sellers and buyers) began to restore itself. Sales Down 18.8% and Prices Up by 5.9%

Inventory 52

Inventory Sellers Buyers Real Estate 52

Lamacchia Realty

OCTOBER 13, 2022

Often these changes are due to seasonal patterns but could also be related to economic factors such as what we are seeing now; rates rising, buyer affordability changes, consumer sentiment impacting motivation to buy or sell, and inflation. It typically takes 30-60 days for a property to go from under contract to closed.

Marketing 69

Marketing Sellers Buyers Market Value 69

Housing Wire

AUGUST 10, 2020

According to the National Association of Realtors , contract signings kicked off strong in August , with the most contract signings last week in the Midwest, at 21%. As new contract signings are outpacing new listings due to low inventory, properties sold typically within 26 days in the four weeks leading up to August 2, NAR said.

Agents 544

Agents Business Inventory Real Estate Agent 544

Lamacchia Realty

MARCH 17, 2022

A lot of people are wondering about how the current situation impacts otherwise normal questions about inventory and when the right time would be to list. Inventory started low in 2020, and then dropped even lower in March 2020 during the stay-at-home mandates. There are options and you can make the move.

Sellers 66

Sellers Realtors Buyers Inventory 66

Housing Wire

DECEMBER 19, 2022

This trend has made it easier for buyers with financing and other contingencies to purchase a home. Also helping buyers is an increase in housing inventory, Ridenour Lindsey said. “It It is hard to tell if more homes are being listed or if things are just sitting a bit longer, but there is definitely more inventory,” she said.

Marketing 404

Marketing Inventory Buyers Housing Market 404

McKissock

AUGUST 9, 2021

Mike is the Founder and Managing Broker of Access Chicago Realty. Or sometimes buyers will simply put the word out on Facebook: “Getting ready to buy! Just because they’re going to DocuSign the contract doesn’t mean we shouldn’t go over the finer points over the phone. A: Inventory.

Clients 96

Clients Real Estate Real Estate Agent Client Relationships 96

Housing Wire

APRIL 20, 2022

She then went on to teach high school French, but after six years of dealing with “hormonal teenagers” Williamson was ready for a change, and on a friend’s suggestion interviewed at the local Daniel Gale Sotheby’s International Realty affiliate. “It Just how we do contracts now is so much faster. Brokerages Invest in Tech.

Real Estate Agent 421

Real Estate Agent Real Estate Agents Brokerage 421

Raleigh Realty

FEBRUARY 19, 2022

Not only does this help new agents learn all the inventory in their local markets but it also gets them familiar with driving through all the subdivisions and neighborhoods. The skills required to help home buyers and sellers successfully buy and sell real estate have nothing to do with networking all day.

Real Estate 158

Real Estate Realtors Real Estate Agent Agents 158

Housing Wire

SEPTEMBER 9, 2020

Time waits for no buyer in the suburbs. With record-low interest rates, paltry inventory and a surge in buyers, agents are advising clients to be extraordinarily aggressive to win. “The property comes on within 24 hours, and if it meets your buyers criteria you want to get them out to see it.”

Agents 485

Agents Marketing Buyers Clients 485

Housing Wire

OCTOBER 18, 2021

The report is based on a monthly survey of NAHB members, in which respondents are asked to rate market conditions for the sale of new homes at the present time and in the next six months as well as the traffic of prospective buyers of new homes. NAHB attributes this increase to strong consumer demand for homes.

Supply Chain 536

Supply Chain Inventory Buyers Housing Market 536

Housing Wire

FEBRUARY 25, 2021

And inventory shortages are the culprit. But many would-be buyers have also been thwarted by comically low resale inventory, as well as supply chain constraints and escalating materials costs that have made life difficult for homebuilders. All four areas saw contract transactions increase from a year-over-year standpoint.

Supply Chain 402

Supply Chain Inventory Housing Market Contracts 402

Lamacchia Realty

JANUARY 25, 2024

It kept inventory down, which propped up prices, but sales are down nearly 22%, and buyers are hungry. A year later, still no crash, which had more to do with the decrease in inventory than the decrease in sales. The number of homes placed under contract (pending), decreased by 17.7% Sales Decline by 21.7%

Inventory 69

Inventory Sellers Contracts Buyers 69

Lamacchia Realty

MARCH 26, 2024

Elevated condo association and special assessment fees present an additional financial burden for condo owners, deterring potential buyers unless the purchase price is reduced sufficiently to offset the higher ongoing monthly costs. Source Condo inventory has been rising more than single families as sales have been decreasing since 2023.

Bracketing 60

Bracketing HOA Sellers Buyers 60

Housing Wire

OCTOBER 21, 2020

“It’s been a circus, really,” said Anthony Lamacchia, Realtor and owner of Lamacchia Realty in the Boston suburbs. Across the different markets, the agents consistently reported bidding wars amid heightened demand for single-family homes, low inventory and an increase of buyers fleeing big cities.

Housing Market 545

Housing Market Marketing Real Estate Agent Real Estate 545

Lamacchia Realty

JANUARY 25, 2024

reduction in sales, leaving prospective buyers eager to make a move. As interest rates sought to stabilize following their sharp decline in 2020, both buyers and sellers had to acknowledge the end of the era of historically low pandemic-induced rates, and the beginning of higher monthly mortgage payments. Sales Decline by 23.2%

Inventory 57

Inventory Sellers Buyers Real Estate 57

Lamacchia Realty

JANUARY 30, 2024

This scarcity in inventory had the effect of keeping prices high, but there was a substantial decrease in sales, approximately 19%, leaving prospective buyers eager. This resilience is more attributable to the reduction in inventory rather than a decline in sales. Maine Sales Decreased by 18.9% Maine Sales Decreased by 18.9%

Inventory 53

Inventory Sellers Buyers Contracts 53

Houston Properties

JANUARY 13, 2021

This highlights the importance of Avoiding the 9 Most Common Mistakes Buyers Make. Buyers Beware? On the other hand, interest rates should rise, and since so much of real estate is financed, it would reduce the amount that buyers can afford to pay, thereby reducing demand for primarily financed properties. There’s No Free Lunch.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Lamacchia Realty

JANUARY 25, 2024

This scarcity in inventory exerted upward pressure on prices, although it coincided with a 19% decline in sales. Despite this decline, motivated buyers were out there trying to secure a home while also trying to navigate lower affordability and low inventory. Average prices for closed sales increased by 7.2% Sales Decline by 18.9%

Inventory 51

Inventory Sellers Buyers Contracts 51

Lamacchia Realty

JANUARY 25, 2024

This created an extreme scarcity of inventory and contributed to elevated prices, but it also led to a 22% decrease in the number of sales, leaving buyers eager. The resilience can be attributed mostly to the decrease in inventory. The number of homes placed under contract (pending, just singles and condos) decreased by 18.9%

Inventory 51

Inventory Sellers Buyers Contracts 51

Lamacchia Realty

JUNE 18, 2021

A lot of people are wondering about how the current situation impacts otherwise normal questions about inventory and when the right time would be to list. Inventory started low in 2020, and then dropped even lower in March during the stay-at-home mandates. Sometimes buyers and sellers will agree to as much as a 4-month close.

Sellers 67

Sellers Realty Buyers Realtors 67

Lamacchia Realty

NOVEMBER 27, 2023

2023: 6,586 2022: 6,585 2021: 8,136 Pending Home Sales: The number of homes placed under contract is down by 6.3% What does this mean for Buyers ? October proved to be a challenging month for buyers, with mortgage rates reaching levels not seen for more than 20 years, and inventory levels still unable to support demand.

Sellers 64

Sellers Real Estate Buyers Inventory 64

Lamacchia Realty

FEBRUARY 27, 2024

2024: 1,096 2023: 964 2022: 1,080 Pending Home Sales: The number of homes placed under contract is down by 13.3% As Anthony states in his 2024 predictions , the market will continue shifting and may even improve slightly for buyers and sellers alike, but we are not out of the woods in terms of housing market ebbs and flows quite yet.

Sellers 55

Sellers Real Estate Buyers Inventory 55

Lamacchia Realty

FEBRUARY 27, 2024

2024: 12,307 2023: 9,929 2022: 10,583 Pending Home Sales: The number of homes placed under contract is down by 9.1% What does this mean for Buyers ? More inventory translates to more options for buyers as well as potentially less competition and a stabilization or eventual reduction in home prices! What’s next?

Inventory 51

Inventory Sellers Real Estate Buyers 51

Lamacchia Realty

FEBRUARY 23, 2024

2024: 1,140 2023: 967 2022: 1,095 Pending Home Sales: The number of homes placed under contract is up by 6.1% As Anthony states in his 2024 predictions , the market will continue shifting and may even improve slightly for buyers and sellers alike, but we are not out of the woods in terms of housing market ebbs and flows quite yet.

Sellers 54

Sellers Real Estate Buyers Inventory 54

Lamacchia Realty

FEBRUARY 27, 2024

2024: 4,702 2023: 4,330 2022: 4,636 Pending Home Sales: The number of homes placed under contract is down by 0.4% What does this mean for Buyers ? In Massachusetts inventory is up when compared to 2022, but not nearly enough to meet the buyer demand in the market. when compared to January 2023.

Sellers 61

Sellers Real Estate Buyers Inventory 61

Lamacchia Realty

FEBRUARY 27, 2024

when compared to January 2023. 2024: 2,391 2023: 2,487 2022: 2,824 Pending Home Sales: The number of homes placed under contract is down by 8% when compared to January 2023. What does this mean for Buyers ? Buyers, make sure you don’t make these house hunting mistakes ! What’s Happening in the Market?

Sellers 58

Sellers Real Estate Buyers Inventory 58

Lamacchia Realty

DECEMBER 19, 2023

2023: 4,890 2022: 4,924 2021: 5,992 Pending Home Sales: The number of homes placed under contract is down by 12% when compared to November 2022. 2023: 485 2022: 505 2021: 412 Data provided by Warren Group & MLSPIN then compared to the prior year. What does this mean for Buyers ?

Real Estate 63

Real Estate Sellers Buyers Realtors 63

Lamacchia Realty

AUGUST 25, 2023

JULY 2023 connecticut housing report July Highlights Mortgage rates and inventory levels continue to shape the housing market landscape as we continue through the summer months. In fact, the number of homes listed in the first half of 2023 is the lowest in recorded history , keeping inventory extremely tight.

Sellers 57

Sellers Real Estate Inventory Buyers 57

Lamacchia Realty

APRIL 15, 2022

Rates dropped to historic lows to keep buyers buying, prompting an influx of new applications and re-finances as obtaining a mortgage was more affordable than ever. Sellers kept listing, albeit, at a much slower pace, and buyers were buying at the highest rate in over 15 years, absorbing inventory faster than ever.

Marketing 66

Marketing Sellers Buyers Inventory 66

Lamacchia Realty

JANUARY 27, 2023

in Massachusetts The 2022 Massachusetts Year in Review Housing Report breaks down average prices, sales, inventory, new active listings, and pending sales for 2022 compared to 2021 and illustrates what that means for the current market. Market adjustments, global pandemics, and anemic inventory are not for the faint of heart.

Inventory 62

Inventory Buyers Real Estate Sellers 62

Lamacchia Realty

AUGUST 25, 2023

JULY 2023 massachusetts housing report July Highlights Mortgage rates and inventory levels continue to shape the housing market landscape as we continue through the summer months. In fact, the number of homes listed in the first half of 2023 is the lowest in recorded history , keeping inventory extremely tight.

Sellers 57

Sellers Real Estate Inventory Buyers 57

Lamacchia Realty

JANUARY 30, 2024

The 2023 South Florida real estate market, like national trends, saw a decrease in sales, an increase in prices, and a decrease in the number of homes listed and placed under contract. Unlike what the Northeast experienced, South Florida inventory is up over 2022 and the second half of 2021. South Florida Sales Decline by 17.5%

HOA 49

HOA Inventory Buyers Contracts 49

Lamacchia Realty

NOVEMBER 27, 2023

when compared to October 2022, as want-to-be sellers are concerned about jumping into the market. 2023: 3,493 2022: 3,541 2021: 4,509 Pending Home Sales: The number of homes placed under contract is down by 7.4% What does this mean for Buyers ? when compared to October 2022. What’s Happening in the Market? What’s next?

Sellers 58

Sellers Real Estate Buyers Inventory 58