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Even with falling rates, the housing market is shaping up to be bad in Q4

Housing Wire

That’s the largest year over year existing home sales decrease since 2007. More potential homebuyers were squeezed out from qualifying for a mortgage in October as mortgage rates climbed higher,” National Association of Realtors Chief Economist Lawrence Yun said in a statement. ”

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November 2023 South Florida Housing Report

Lamacchia Realty

november 2023 south florida housing report Broward County In November of 2023, Broward County single-family homes as well as c ondos/townhomes saw decreases in closed sales and pending sales, but increases in average price and new listings. An increase in active inventory as well as new listings is great news for buyers!

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November 2023 Connecticut Housing Report

Lamacchia Realty

As a result, there is increased competition for available homes and average prices have continued to increase as well. In fact, Hartford, CT saw the largest year-over-year increase in home prices amongst the 50 largest U.S. cities per the Zillow Home Value Index. What does this mean for Sellers ? What’s next?

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Home Search Strategies for 2022

Eppraisal

." In a recent fortune.com article written on February 17, 2022, Tristan Bove wrote, "The inventory of homes for sale is down 26% compared to last year, and forecasters see a rough year ahead." " Home values will keep rising this year as well. Home values are rising, so you may pay more than the list price.

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November 2023 New Hampshire Housing Report

Lamacchia Realty

Be sure to work with an expert REALTOR® to make sure you are getting the most out of the home buying experience! If you are planning to list your home this winter, make sure you are adequately prepping your home given the time of year and, most importantly, pricing your home competitively. What’s next?

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Finding an Agent: 5 Key Questions to Ask a Prospective Buyer's Agent While Conducting Interviews

Eppraisal

For example, it has been a super seller's market the past few years as home values have risen. Not only should the agent you hire know the area, but they should also understand the changing home values in the area as well. Are you a member of the National, State and Local Associations of REALTORS®?

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Texas Real Estate Trends: Q3 2023 Comprehensive Review

Listing Spark

A Dip in New Mortgages With interest rates soaring to unexpected heights, many prospective homebuyers have taken a step back from applying for new mortgages. Many have been caught off guard by the spike in rates and are cautiously waiting and hoping for home values to become more affordable.