Housing Wire

MAY 2, 2023

And there’s another thing that separates the housing market from other markets — the buyer is often also the seller. In most markets, the seller, or supplier, makes their decision about adding supply to the market independent of the buyer, or source of demand, and their decision to buy. Homer Simpson or Spock?

Housing Market 418

Housing Market Marketing Sellers Inventory 418

Housing Wire

APRIL 29, 2024

For home buyers, holding prices constant, the only way to mitigate the loss of affordability caused by higher mortgage rates is with an equivalent, if not greater, increase in household income,” Fleming said. since January 2000. Home sellers would rather withdraw from the market than sell at lower prices.” “The year over year.

Housing Market 446

Housing Market Marketing Mortgage Sellers 446

Housing Wire

APRIL 25, 2023

Inventory has remained low as sellers are locked into their low mortgage rates, even as many home buyers are turned away from this market due to affordability constraints amid volatile mortgage rates,” Nicole Bachaud, Zillow ’s senior economist, said in a statement. The 10-city home price index also posted a 0.4%

Inventory 418

Inventory Contracts Buyers Sellers 418

Housing Wire

JANUARY 9, 2024

The suit takes aim at the National Association of Realtor’s Participation Rule which requires listing brokers to make a blanket offer of compensation to the buyer’s broker in order to list a property on a NAR affiliated MLS. As with all of the other commission lawsuits, Tuccori’s suit is seeking class action status.

Property Management 448

Property Management Real Estate Agents Real Estate Agent 448

Housing Wire

DECEMBER 12, 2023

While sellers of existing homes have struggled with rising rates and softening demand, homebuilders have not only survived, but thrived in this market thanks to the use of mortgage rate buydowns , a tool more widely used by builders since their business is selling homes and clearing inventory. Source: AEI Housing Center, www.AEI.org/housing.

Tools 448

Tools Inventory Sellers Buyers 448

Housing Wire

NOVEMBER 18, 2022

NAR Research : First-time buyers were responsible for 28% of sales in October; All-cash sales accounted for 26%; Individual investors purchased 16%; Distressed sales represented 1% of sales; Properties typically remained on the market for 21 days in October. Now we are getting the call back to balance, which is good.

Inventory 493

Inventory Marketing Housing Market New Listings 493

Housing Wire

JANUARY 14, 2022

Founded in 2000, Scottsdale, Arizona-based HomeSmart is the seventh largest brokerage in the country by transaction sides, or how many times a HomeSmart agent represented the buyer or seller in a deal, according to RealTrends.

Brokerage 448

Brokerage Real Estate Agents Loan Officers 448

Housing Wire

APRIL 20, 2023

NAR: First-time buyers were responsible for 28% of sales in March; Individual investors purchased 17% of homes; All-cash sales accounted for 27% of transactions; Distressed sales represented 1% of sales; Properties typically remained on the market for 29 days. As we can see in the data below, the days on the market fell back down to 29 days.

Inventory 531

Inventory Housing Market Marketing New Listings 531

Housing Wire

DECEMBER 29, 2022

Part of the issue is that mortgage rates moved up so fast that many sellers quit this year as well. Key thing to remember: A traditional seller is also usually a buyer. When mortgage rates spiked up as much as they did this year, it wasn’t financially appealing to some sellers to purchase their homes at rates of 6.25%-7.37%.

Housing Market 546

Housing Market Marketing Inventory Sellers 546

Housing Wire

FEBRUARY 24, 2023

They don’t ever have to have the conversation about how low their total payment is in the new home they’re buying, unlike some of their buyers (which explains higher cancellation rates). As we can see in the chart below, we are still below the recession levels of 2000 and really trending at 1996 levels.

Inventory 501

Inventory Construction Housing Market Mortgage 501

Appraisal Buzz

JUNE 25, 2024

Originally benchmarked to a level of 100 January 2000, the S&P CoreLogic Case-Shiller Index has reached an all-time high of 320.42 million in April.” “Despite the slower pace of sales activity, home sellers were somewhat more willing to engage with the market. Put another way, the U.S. million in February to a pace of just over 4.1

Inventory 356

Inventory Housing Market Marketing Sellers 356

Housing Wire

AUGUST 23, 2022

This is below the recession levels of 2000 and back to 1996 levels. The housing construction cycle is over, but the builders will finish their homes under contract and hope rates will fall soon to lock up buyers. After all, sales levels are already low historically for new homes. months and above. The average sales price was $546,800.

Construction 370

Construction Housing Market Sellers Real Estate 370

Housing Wire

JUNE 18, 2024

As we now know, the claim of there being a “standard commission rate” was arrived at by researching the advertisements of homes for sale in various MLSs, determining the amount of compensation offered to buyer agents , then doubling it. It does not reveal the actual commission paid by the seller at the closing table.

Brokerage 459

Brokerage Real Estate Agents Clients 459

Housing Wire

AUGUST 21, 2023

Homelight , a platform for homebuyers and sellers, was No. 403 Homelight 1,444% 2012 Providing a platform that helps deliver better outcomes for homebuyers and sellers. 1,943 EmpowerHome 289% 2006 A partner to real estate teams and agents, offering exclusive programs to ensure sellers get top dollar for their properties.

Real Estate 370

Real Estate Real Estate Agent Technology Investors 370

Cleveland Appraisal Blog

OCTOBER 14, 2021

30-Year Fixed Mortgage Rates from 2000 to today. Another issue that led to the housing crash of 2008, was unqualified buyers who were able to secure mortgages on homes they couldn’t really afford. This created an even more severe shortage of available housing for buyers to choose from. Or buyers are walking away from the deal.

Inventory 243

Inventory Market Value Appraisal Contracts 243

Appraisal Buzz

JULY 12, 2024

Brian Cullen is CEO and Co-Founder of SingleSource (founded in 2000), a provider of property services supporting the U.S. By focusing on these properties, and refurbishing them if necessary, we can add viable options for buyers in a market thirsty for more choices. housing industry.

Inventory 221

Inventory Supply Chain Construction Property Taxes 221

Housing Wire

OCTOBER 9, 2023

How getting a real estate license in Illinois is different from other states While most states call the professional who represents a buyer or a seller of commercial or residential real estate a “real estate agent,” Illinois calls this individual a “real estate broker.” Candidate Handbook” [link] Chicago Real Estate Institute.

Real Estate Agent 448

Real Estate Agent Real Estate Agents Brokerage 448

Lamacchia Realty

DECEMBER 28, 2022

It will be much like 2021, with record-breaking amounts of home sales, more record-breaking home price appreciation, and more buyers fighting over homes. Below is a bar graph of homes sales per year in Massachusetts back to 2000. At that time we had an extreme overabundance of sellers and not enough motivated buyers.

Sellers 78

Sellers Buyers Real Estate Inventory 78

Appraisal Buzz

AUGUST 19, 2024

Gordon, who was admitted to practice in Florida in 2000 and has spent the majority of his career working in the real estate and consumer finance fields. Fraser has achieved the highest rating in both legal and ethical ability by Martindale-Hubbell, and prides himself on practicing with humility, integrity, and appreciation.

Real Estate 221

Real Estate Legal Development Investors 221

Lamacchia Realty

JANUARY 25, 2024

It kept inventory down, which propped up prices, but sales are down nearly 22%, and buyers are hungry. Some of that had to do with buyers feeling the affordability crunch of higher interest rates and still-rising prices. It’s a misconception that rates only impact buyers and 2023 is a perfect example of that.

Inventory 73

Inventory Sellers Contracts Buyers 73

Will Springer Realtor

SEPTEMBER 3, 2024

To find a comparable period with mortgage rates consistently above 7.74%, we have to go back to between late 1999 and mid-2000 when the market was buoyed by robust consumer spending and the dot-com boom (just before the bust). The rate for a 30-year conventional mortgage plateaued in May 2000 at 8.64% and held above 8% for 32 weeks.

Mortgage 53

Mortgage Buyers Sellers Home Value 53

Lamacchia Realty

JANUARY 25, 2024

Despite this decline, motivated buyers were out there trying to secure a home while also trying to navigate lower affordability and low inventory. The drop in nearly 4,000 closings wasn’t just because buyers weren’t buying; they would, but many couldn’t because sellers weren’t selling. Sales Decline by 18.9%

Inventory 55

Inventory Sellers Buyers Contracts 55

Lamacchia Realty

JANUARY 4, 2022

December 2021 Winners of the Top 10 for the Company are: Laurie Howe Bourgeois has been a licensed REALTOR® since 2000 and in the customer service industry for 34 years. He is skilled in many facets of Real Estate including both Buyer & Seller Representation, Commercial, Investment, Relocation & Luxury Properties.

Realty 74

Realty Realtors Real Estate Clients 74

Lamacchia Realty

MAY 19, 2023

What Pyrrhotite-Infected Foundations Mean for Homeowners As home buyers and sellers are trying to navigate this already unique real estate market, the crumbling foundation crisis is an add stressor for those trying to buy and sell properties in these areas. At this time, where the funding will come from has not been determined.

Sellers 65

Sellers Buyers Government Insurance 65

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.

Inventory 62

Inventory Sellers Buyers Real Estate 62

Lamacchia Realty

JUNE 3, 2021

He is skilled in many facets of Real Estate including both Buyer & Seller Representation, Commercial, Investment, Relocation & Luxury Properties. Cervone Laurie Howe Bourgeois has been a licensed real estate agent since 2000 and in the customer service industry for 34 years.

Realty 67

Realty Agents Real Estate Human Resources 67

Lamacchia Realty

FEBRUARY 3, 2022

Growing up in Shrewsbury and residing in Worcester with her husband and son for the past 20 years, she is able to assist her buyers and sellers in Worcester County with complete confidence. Since then, she has taken off running and has helped her buyers and sellers reach their goals.

Realty 73

Realty Realtors Real Estate Clients 73

Lamacchia Realty

APRIL 6, 2022

Buyers, sellers, investors, and builders are her business and she values every single client and loves getting people where they want to be. Since then, she has taken off running and has helped her buyers and sellers reach their goals. Cyndi thrives to make her buyers and sellers her top priority.

Realtors 69

Realtors Realty Real Estate Agents 69

Lamacchia Realty

NOVEMBER 3, 2021

October 2021 Winners of the Top 10 for the Company are: Laurie Howe Bourgeois has been a licensed REALTOR® since 2000 and in the customer service industry for 34 years. Accordingly, Lisa was named a real estate All-Star in the Northshore Magazine for being able to expertly assist both buyers and sellers on the North Shore.

Realtors 68

Realtors Realty Real Estate Agents 68

Lamacchia Realty

OCTOBER 11, 2023

Laurie Howe Bourgeois has been a licensed REALTOR® since 2000 and in the customer service industry for 34 years. Laurie has been a consistent NCMAR Top Producer since 2000 and has made President’s Club FIVE TIMES including 2019 , 2020 , 2021 , 2022 , and most recently 2023 ! Watch AJ’s bio video by clicking here.

Realtors 74

Realtors Realty Real Estate Clients 74

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 decline can be attributed partly to buyers grappling with the affordability challenge posed by higher interest rates and continually escalating prices.

Inventory 58

Inventory Sellers Buyers Contracts 58

Lamacchia Realty

SEPTEMBER 10, 2022

August 2022 Winners of the Top 10 for the Company are: Laurie Howe Bourgeois has been a licensed REALTOR® since 2000 and in the customer service industry for 34 years. He is skilled in many facets of Real Estate including both Buyer & Seller Representation, Commercial, Investment, Relocation & Luxury Properties.

Realtors 73

Realtors Realty Real Estate Agents 73

Will Springer Realtor

APRIL 10, 2024

Recent news that the National Association of Realtors® (NAR) wishes to settle a series of lawsuits from home sellers has sent ripples through the real estate industry. Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Lamacchia Realty

NOVEMBER 3, 2023

His focus is on helping buyers and sellers have a stress-free, efficient, and smooth real estate transaction experience. Carolyn wants to help as many buyers and sellers achieve their goals as possible. Laurie Howe Bourgeois has been a licensed REALTOR® since 2000 and in the customer service industry for 34 years.

Realtors 74

Realtors Realty Real Estate Clients 74

Lamacchia Realty

JANUARY 27, 2023

Then rising rates happened and sales were down compared to 2021 and 2020 as buyer affordability diminished with each point raised. Remember, at this time prices were still rising so it was a double whammy for buyers and thus the decrease in sales. Rates don’t just impact buyers- they impact sellers too as most sellers are buyers!

Inventory 67

Inventory Buyers Real Estate Sellers 67

Lamacchia Realty

JANUARY 16, 2023

Laurie Howe Bourgeois has been a licensed REALTOR® since 2000 and in the customer service industry for 34 years. Laurie has been a consistent NCMAR Top Producer since 2000 and is a member of the 2019 , 2020 , 2021 , and 2022 President’s Club and the prestigious 2021 and 2022 President’s Club ELITE !

Realtors 74

Realtors Realty Real Estate Agents 74

Lamacchia Realty

JULY 7, 2023

Since then, she has taken off running and has helped her buyers and sellers reach their goals. Cyndi thrives to make her buyers and sellers her top priority. Kevin came in hot and, in 2020, he was announced as the 2020 Rookie of the Year with 9 sales in his first 6 months at Lamacchia Realty!

Realtors 74

Realtors Realty Real Estate Clients 74