2005 Buyers Open Houses 
Lamacchia Realty
OCTOBER 17, 2024
Inventory of homes listed reached a record low by July of 2023 , and mortgage rates increased dramatically, diminishing buyer affordability. Many sellers are holding the line, and buyers continue to face competition. The result is buyers are still faced with some of the highest monthly mortgage payments in history.
Lamacchia Realty
JUNE 21, 2022
Now, months later, with rates up nearly 100% from the start of the year- January mortgage rates were hovering in the low to mid 3’s and this week reached 6.28%- diminished buyer affordability is causing a big downshift in demand. Rising prices weren’t favorable but with historically low mortgage rates , they were still affordable for buyers.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
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 Inventory rises when more sellers are listing than buyers are buying.
Lamacchia Realty
OCTOBER 25, 2023
Now, a year and a half later, with rates up to 8%, buyer affordability is significantly diminished. Coming from the frenzied pandemic market where inventory was at historically low levels , sellers are holding the line and buyers are still the ones competing in this market. In the graphic to the right, you can see this more clearly.
Lamacchia Realty
AUGUST 3, 2021
Though there were several months through winter and spring that it never seemed possible this year, the market is slowly beginning to be less competitive for buyers. But if the home has been available long enough, it’s time to consider adjusting the list price to gain more visibility from more potential buyers.
Houston Properties
JULY 22, 2022
“We first met Paige in the summer of 2005. “I would like to say a few words about Paige Martin… My wife and I first met Paige Martin in the summer of 2005. One Sunday, we randomly walked into a town-home near downtown Houston where she was hosting an open house. ” — Jeremy Greene, April 17.
Appraisal Today
FEBRUARY 3, 2023
I quit doing residential lender appraisals in 2005. Shoppers, for example, can enter phrases like “$700K homes in Charlotte with a backyard” or “open house near me with four bedrooms” directly into the search bar, rather than starting with a location and having to filter through the homes they find, Zillow said.
Expert insights. Personalized for you.
69 
Let's personalize your content