Lamacchia Realty

JANUARY 25, 2024

2023 was a notable year in real estate history, but if we had to put our finger on what stood out, it was how the number of homes listed was the lowest in over two decades. It kept inventory down, which propped up prices, but sales are down nearly 22%, and buyers are hungry. Sales Decline by 21.7% Average Prices Increase by 3.4%

Inventory 73

Inventory Sellers Contracts Buyers 73

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. Average Prices Increase by 7.7%

Inventory 62

Inventory Sellers Buyers Real Estate 62

Will Springer Realtor

OCTOBER 10, 2023

This is the season when buyers can take advantage of homeowners wishing to sell before the holidays and are showing a willingness to budge on price or make other concessions. We are starting to see all of those signs following the release of September housing data from the Northwest Multiple Listing Service (MLS). 1 and Oct.

Buyers 65

Buyers Inventory Sellers Housing Market 65

Will Springer Realtor

FEBRUARY 9, 2022

The affordability question is becoming more difficult to justify too, as home prices and interest rates rise amid other challenges facing buyers.“That’s Buyers with the deepest pockets may wait, however. home buyers. Yes, buyers and sellers, we are in a rare price correction period for single-family home sales in King County.

Buyers 36

Buyers Law Inventory Development 36

Lamacchia Realty

JANUARY 30, 2024

If we were to pinpoint the standout factor, it would be the remarkably low number of homes listed, the lowest in over two decades. 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. Maine Sales Decreased by 18.9%

Inventory 58

Inventory Sellers Buyers Contracts 58

Will Springer Realtor

JUNE 13, 2023

Unfortunately for buyers, both figures – prices and rates – are climbing, raising the hurdle to homeownership even higher for many. The pandemic housing market was super-charged by historically low interest rates and buyers seeking more spacious properties amid global health fears. In March, 33% of homes listed for sale in the U.S.

Buyers 36

Buyers Inventory Construction Finance 36

Appraisal Today

AUGUST 25, 2023

To read more and lots of interesting photos click here == RPR® Backs Up MLSs During Vendor Outage (From NAR) August 17, 2023 Excerpts: In markets affected by the cyberattack on MLS vendor Rapattoni, NAR members have another way to access listing data: RPR®. But the MLS is also finding new benefits in its partnership with RPR®.

Appraisal 78

Appraisal Real Estate Agent Agents Real Estate 78

Will Springer Realtor

SEPTEMBER 12, 2023

BY THE NUMBERS >> A survey of 2000 adults across the 50 largest U.S. The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. The few homes that are available are selling quickly and at or above list price.”

Sellers 36

Sellers Development Retail Real Estate 36

Will Springer Realtor

JULY 13, 2023

. >> There were 1.25M mortgages created in Q1 – conventional, refinanced and home-equity loans combined – marking the eighth consecutive quarterly decline and lowest reading since Q4 of 2000, according to ATTOM. Home prices continued to confound buyers by climbing toward record highs as summer began.

Construction 36

Construction Supply Chain Real Estate Development 36

Will Springer Realtor

AUGUST 9, 2021

annually between 1968 and 2000 but has since dropped to an average rate of 0.7% The Biden administration’s $2T infrastructure plan includes $213B allocated for housing, with a focus on low- and middle-income homeowners and potential buyers. Both are welcome signs for buyers but they should not be interpreted as a trend.

Construction 36

Construction Inventory Property Taxes Development 36

Will Springer Realtor

JULY 9, 2021

In addition to “more space,” prospective buyers were on the hunt for a quiet location (28%) and updated kitchen (25%), as the chart notes. While most buyers focus on the standards of kitchens and bathrooms, research shows the best ROI is from replacing the garage door. THE ROI OF HOME RENOVATION. They are often surprised by my answer.

Buyers 36

Buyers Development Transportation Inventory 36

Will Springer Realtor

DECEMBER 10, 2024

This year was mostly disappointing for buyers and sellers hoping to find a new home. Please have a look for a deeper dive and I encourage prospective buyers and sellers to discuss 2025 real estate goals with a seasoned broker (like me!) The number of new listings tumbled 48% from October and was down 2.7%

Construction 36

Construction Real Estate Development Buyers 36

Movoto

NOVEMBER 12, 2024

In this episode of The Movoto Mic, we are joined by Chris Heller, President of Movoto.com, to explore the dynamics of affordability, buyer confidence, and politics in today’s housing market. Whether you’re a buyer, seller, or industry professional, this episode is packed with actionable insights and expert opinions. Do you agree?

Real Estate 69

Real Estate Marketing Housing Market Construction 69

Will Springer Realtor

SEPTEMBER 10, 2024

The non-fiction work written in 2000 by Malcolm Gladwell is a powerful metaphor for what is expected to occur across the U.S. The most interesting developments came within the single-family-home category: The number of new listings in August fell 7.5% The index for first-time buyers was only 35. housing market.

Housing Market 63

Housing Market Marketing Inventory Buyers 63

Will Springer Realtor

FEBRUARY 9, 2024

SPOTTING TRENDS Builders are hearing from prospective buyers: Developers are being asked to create stylish and functional homes with little compromise on size and at lower prices. The market is now in the process of thawing after a lengthy cool down, as buyers begin anew to seek change in their home dynamics. It’s a 3-bedroom, 1.75-bathroom

Development 36

Development Housing Market Design Real Estate 36