Housing Wire

MARCH 13, 2023

Tsai works with both homebuyers and tenants and while he says his business is typically split 50/50 between buyers and tenants, he has noticed a shift as mortgage rates have risen over the past six months. Given the current market, my business is at least about 60% renters and the other 30% to 40% is buyers and sellers,” Tsai said.

Housing Market 370

Housing Market Marketing Tenants Buyers 370

Housing Wire

SEPTEMBER 30, 2020

“There’s a lot of homeschooling going on in this hybrid world, and it’s difficult,” Realtor Vesna Kanacki with Century 21 Full Service Realty in New City, New York, told HousingWire. Jackie Merchant, Realtor at Coldwell Banker Realty in Sacramento-Sierra Oaks, said she doesn’t think her market will be slowing down anytime soon.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

Realtor

OCTOBER 16, 2023

“Doing your due diligence can help you avoid some of the most common rookie mistakes, so you come out not only with the home of your dreams, but also a mortgage you can afford.” Here are some common blunders homebuyers make when attempting to secure a mortgage.

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

Lamacchia Realty

MARCH 17, 2022

ARE YOU A "WANT-TO-BE" SELLER IN 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.

Sellers 67

Sellers Realtors Buyers Inventory 67

Housing Wire

MARCH 28, 2024

The past year and a half, with its rising mortgage rates , low inventory, and economic uncertainty, has been a challenge for real estate pros, not to mention the buyers and sellers they serve. In life, we sometimes find ourselves plunging headfirst in t o the unknown.

Real Estate Agent 429

Real Estate Agent Real Estate Agents Clients 429

Lamacchia Realty

NOVEMBER 20, 2023

Quite often, too often, in fact, REALTORS ® hear home sellers say that they want to take their home off the market for the holiday season. Their  September and October are usually the months with an increased number of homes on the market, and as those homes sell or people begin taking them off the market, inventory decreases.

Sellers 67

Sellers Inventory Buyers Realty 67

Lamacchia Realty

MARCH 24, 2022

In an unforeseen twist to the market, Tuesday saw 30-year mortgage rates reach 4.72% and surpass the level they weren’t predicted to reach until the end of the year. Mortgage News Daily. With the rates from last month at 3.92%, the monthly mortgage payment would have been $1,891.26. What does this mean for sellers?

Mortgage 63

Mortgage Sellers Buyers Realty 63

Housing Wire

MAY 3, 2024

No matter where you are in the Tar Heel State, real estate professionals across North Carolina are frustrated by the lack of housing inventory. The challenge remains lack of inventory — that’s definitely the big one,” said Alison Alston , the broker-owner of Charlotte-based Lodestone Real Estate and Investments. “We being outbound. “We

Inventory 377

Inventory Housing Market Marketing Real Estate 377

Lamacchia Realty

NOVEMBER 28, 2022

Quite often, too often, in fact, REALTORS ® hear home sellers say that they want to take their home off the market for the holiday season.?Their Historically, for home sellers who list in the late summer and early fall, their? because the inventory during that time is typically at a higher point for the year.?September

Sellers 73

Sellers Inventory Buyers Realty 73

Housing Wire

DECEMBER 27, 2021

rms now get as much, or more, of their earnings from mortgage, title insurance and other core settlement services,” Steve Murray, senior advisor to RealTrends, said. “As The first cause of the decline is the growth in competition for productive agents and a variety of new brokerages. Another factor is that leading market-share brokerage ?rms

Brokerage 394

Brokerage Real Estate Agents Finance 394

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. Although inventory is slightly higher now than this time last year, competition is still fierce. Offer Over Asking Sellers often price their homes aggressively to incite bidding wars.

Buyers 70

Buyers Inspection Sellers Real Estate 70

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. It means they’re down.

Bracketing 65

Bracketing Marketing Sellers Buyers 65

Lamacchia Realty

SEPTEMBER 18, 2021

1) Inventory will be at its peak The frenzied market that has all but consumed inventory has started to calm down just enough to make this more of a buyer’s market than we’ve seen since 2019. Is inventory still lower than in past years? Therefore, the low inventory and sky-high demand created extreme competition.

Inventory 69

Inventory Sellers Buyers Market Value 69

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 53

Inventory Sellers Buyers Real Estate 53

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

Housing Market 65

Housing Market Bracketing Marketing Sellers 65

Lamacchia Realty

APRIL 10, 2023

There are more buyers during spring Springtime is known to be the busiest period for real estate, and even though inventory has been historically low, signs of spring activity are beginning to give buyers more hope! Additionally, with mortgage rates dropping to a 2-month low , many buyers are being quoted in the 5’s!

Sellers 70

Sellers Realty Buyers Renovations 70

Realtor

JULY 13, 2021

In our current seller’s market, the national inventory of active listings is down 43.1% They’re making sky-high offers and writing heartfelt letters to sellers about why they should get the house. The provisions of a contingency contract are there to protect buyers and sellers. Mold remediation.

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Inspection Real Estate Agent Real Estate Buyers 203

Lamacchia Realty

JANUARY 12, 2023

If you’re considering putting your home on the market during this time of year , here are just a few reasons why doing so could help you get top dollar for your property: Low Inventory and Less Competition One of the biggest benefits is that there is usually less competition due to lower inventory – see the yellow circled area in the chart below.

Sellers 66

Sellers Buyers Inventory Real Estate 66

Lamacchia Realty

APRIL 11, 2023

There are ten times more buyers in the market than sellers despite the higher mortgage interest rates. The longer that rates stay lower, the more sellers will list so they can take advantage of the higher affordability they’ve been waiting for when they turn around to buy. It’s NOT for a lack of buyers.

Sellers 73

Sellers Buyers Realtors Real Estate 73

Lamacchia Realty

JUNE 7, 2023

A general guideline suggests that your mortgage payment should not exceed 28% of your gross monthly income, commonly referred to as the debt-to-income ratio. By meeting this guideline, you demonstrate financial stability and the ability to effectively manage your mortgage obligations. Before You Buy a House, Assess Your Credit Score!

Real Estate Agent 72

Real Estate Agent Real Estate Realty Buyers 72

Housing Wire

APRIL 12, 2024

While the slowdown has resulted in a return to pre-pandemic levels of market activity, real estate agents across the state believe that an issue far greater than 7% mortgage rates may cause the housing market to slow further. “We Across the state, agents feel these rising insurance costs on top of higher mortgage rates and list prices.

Insurance 427

Insurance Housing Market Marketing Agents 427

Lamacchia Realty

OCTOBER 13, 2022

Sellers and their agents use comps to help determine a proper list price for a property. In this market, a seller looking at comps to pinpoint their own target list price must be a little savvier than in years past. Market value is determined by sales, not the high hopes of a seller. Comps in the Post-COVID Market.

Marketing 70

Marketing Sellers Buyers Market Value 70

Housing Wire

OCTOBER 1, 2021

“So, for sellers, making sure that their house is ready to go opening weekend is critical more so now than it has been in months past because if it sits past that opening weekend, buyers wonder what’s wrong with it.”.

Housing Market 417

Housing Market Marketing Agents Real Estate 417

Lamacchia Realty

FEBRUARY 1, 2022

Many homeowners aren’t always able to qualify for a mortgage on a new home until they sell their current home. When sellers hear that they often say : “But what if I can’t find the home I want? They become what we call Worried Sellers. If you list in the winter, when the inventory is lower, you will sell for more.

Sellers 74

Sellers Buyers Real Estate Real Estate Agent 74

Lamacchia Realty

JANUARY 4, 2022

Listing agents are contractually bound to act in the best interest of their seller, not the buyer. Not Getting Pre-Approved for Mortgage Looking around for a new home when you have no idea how much money you’ll be able to borrow is setting yourself up for failure and disappointment. appeared first on Lamacchia Realty.

Buyers 74

Buyers Agents Inventory Sellers 74

Lamacchia Realty

AUGUST 3, 2021

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.

Bracketing 68

Bracketing Sellers Buyers Inventory 68

Raleigh Realty

FEBRUARY 2, 2022

Is the seller not willing to negotiate repairs? Working through repairs on the home inspection shouldn't be a battle, there should be a mutual understanding from both sides why a buyer is requesting certain repairs and why the seller may decline those repairs. As a buyer, always try to come to the seller from a kind, courteous place.

Inspection 158

Inspection Sellers Buyers Realtors 158

Lamacchia Realty

JANUARY 10, 2022

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.

Sellers 73

Sellers Buyers Inspection Bracketing 73

Housing Wire

FEBRUARY 23, 2024

Altos considers anything over 30 to be a seller’s market. Local agents attribute at least some of the market’s hotness to the inventory situation. It’s bad, like really bad,” Doug Danzey, the leader of the eXp Realty brokered teamerage The Cobalt Group , said. “We It is an extremely challenging real estate market right now.”

Housing Market 469

Housing Market Marketing Inventory Buyers 469

Lamacchia Realty

SEPTEMBER 9, 2021

Very low inventory due to sellers holding off and extremely high competition exhausted buyers and led them to question the whole process. As buyer’s agents protect a buyer’s interests, seller’s agents are there to protect the seller’s interests with the main goal being to get the seller the most money for their home.

Buyers 58

Buyers Agents Sellers Realty 58

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

Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At Altos considers any score above 30 to be a seller’s market.

Housing Market 437

Housing Market Buyers Agents Marketing 437

Housing Wire

APRIL 25, 2024

When the meeting concluded, DeRoussel quickly reached out to the seller’s agent to see if her client could get in for a tour, but it was too late. “I I called the listing agent and it was listed three hours ago, but it was sold,” the Cincinnati, Ohio -based eXp Realty agent said. “We We are going to see an increase in inventory.

Buyers 427

Buyers Marketing Inventory Investors 427

Lamacchia Realty

MAY 21, 2021

Beginning in March of 2020 to now, buyers came out in droves due to low interest rates , but sellers were (and most still are) holding off on listing due to the uncertainty of being able to find a new home and the lingering effects of COVID-19. But sellers will still have the upper hand overall. Buying and Selling at the Same Time.

Marketing 63

Marketing Sellers Buyers Realtors 63

Housing Wire

MARCH 1, 2024

We were up year over year in inventory , but we were at a 25 year low on new listings.” While Fischer attributes some of the uptick in activity to typical seasonality, he noted that the recent relative stability and even slight decreases in mortgage rates have also contributed. According to Altos Research, as of Feb.

Housing Market 437

Housing Market Marketing Inventory Construction 437

Housing Wire

FEBRUARY 22, 2024

Mortgage interest rates above 6% continued to impact potential homebuyers’ purchase power, while also contributing to a lock-in effect among would-be home sellers who bought their homes years ago with a mortgage rate of 3% to 4.5%,” the association explained in an announcement.

New Listings 437

New Listings Realtors Real Estate Inventory 437

Lamacchia Realty

JUNE 18, 2021

ARE YOU A WANT-TO-BE-SELLER IN 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. Worried about having to move twice?

Sellers 67

Sellers Realty Buyers Realtors 67