Housing Wire

JULY 29, 2021

An index of 100 is equal to the average level of contract activity during 2001, the first year examined. May’s 8% increase was the highest jump for that month since 2005, according to NAR. The overall pending home sales index fell 1.9% in June, according to the National Association of Realtors , which tracks the metric. (An

Marketing 468

Marketing Buyers Realtors Real Estate 468

Housing Wire

AUGUST 23, 2022

can’t have a credit sales boom like we saw from 2002-2005. This means we won’t be working from record-breaking demand of high sales like we did at the peak of 2005. The builders are in a better position to manage their inventory glut than when they were working from a credit boom in 2005 that took new home sales up to 1.4

Construction 370

Construction Housing Market Sellers Real Estate 370

Housing Wire

FEBRUARY 16, 2023

Last year we had monthly existing home sales collapse back to 2007 levels, except this time around, NAR has total inventory at 970,000 and not over 4 million. If the homebuilders and homebuyers knew rates would hit 7% in 2022, many would not have taken those contracts they’re canceling now.

Construction 526

Construction Housing Market Inventory Marketing 526

Housing Wire

MARCH 17, 2022

In fact, considering the drop in builders’ confidence, now we have to watch for whether some people will cancel their building contracts because rates have jumped so much while they’ve been waiting for their new home to be built. The February rate for units in buildings with five units or more was 501,000. Housing completions.

Construction 488

Construction Housing Market Inventory Buyers 488

Lamacchia Realty

JANUARY 25, 2024

It kept inventory down, which propped up prices, but sales are down nearly 22%, and buyers are hungry. A year later, still no crash, which had more to do with the decrease in inventory than the decrease in sales. The number of homes placed under contract (pending), decreased by 17.7% A lot of it had to do with anemic inventory.

Inventory 73

Inventory Sellers Contracts Buyers 73

Lamacchia Realty

FEBRUARY 22, 2022

The 2021 Massachusetts Year in Review Housing Report breaks down average prices, sales, inventory, new active listings, and pending sales for 2021 compared to 2020 and illustrates what that means for the current market. Below is a graph that illustrates home sales per year since 2005. Inventory of Homes for Sale. to 9,796.

Inventory 54

Inventory Sellers Buyers Real Estate 54

Lamacchia Realty

JANUARY 27, 2023

in Massachusetts The 2022 Massachusetts Year in Review Housing Report breaks down average prices, sales, inventory, new active listings, and pending sales for 2022 compared to 2021 and illustrates what that means for the current market. Market adjustments, global pandemics, and anemic inventory are not for the faint of heart.

Inventory 67

Inventory Buyers Real Estate Sellers 67

Lamacchia Realty

APRIL 15, 2022

Sellers kept listing, albeit, at a much slower pace, and buyers were buying at the highest rate in over 15 years, absorbing inventory faster than ever. Low rates, even lower inventory, maxed out demand, and anemic supply remained the name of the game for well over a year until this past winter, when it truly plunged to incredible lows.

Marketing 68

Marketing Sellers Buyers Inventory 68

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. That’s because fewer homes are being placed under contract. Price adjustments/decreases were up across the country in May. See chart below.

Housing Market 67

Housing Market Bracketing Marketing Sellers 67

Appraisal Today

SEPTEMBER 22, 2023

I never had more than one assistant and no appraisers after that, and finally quit doing lender residential appraisals in 2005. Home prices in many markets have been supported by low inventory and resilient housing demand for available homes.” The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.62

Appraisal 88

Appraisal Training Inspection Real Estate 88

Appraisal Today

FEBRUARY 9, 2024

I am so glad I quit doing residential lender appraisals in 2005! = Homebuilders have been offering sizable concessions, including money for mortgage rate buydowns, to attract bidders and offload inventory. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.57 percent from 13.3

Appraisal 81

Appraisal Contracts Insurance Construction 81

Lamacchia Realty

MARCH 26, 2024

As you can see in the chart below, Florida has the highest shift in rising inventory over the past twelve months. Source Condo inventory has been rising more than single families as sales have been decreasing since 2023. Source Inventory rises when more sellers are listing than buyers are buying.

Bracketing 65

Bracketing HOA Sellers Buyers 65

Appraisal Today

JUNE 21, 2024

Developed over time with the guidance of prominent designer John Saladino initially and then later with the legendary architect Peter Marino who reimagined the structure back in 2005 and oversaw a 10,000 square foot addition to the house. MORE INVENTORY IS CHANGING THE VIBE: We are no longer at pandemic lows. That’s what matters most.

Appraisal 71

Appraisal Architecture Contracts Design 71

Lamacchia Realty

JANUARY 28, 2022

The drop in early 2020 sales due to low winter inventory and then the pandemic made it easier for 2021 to outperform in that time frame. Homes Pending (contract accepted) – All of NH. Its easy to see why inventory is so tight. Multis increased by 26.6% and by 23.5% for sales and prices respectively.

Contracts 45

Contracts Buyers Inventory Real Estate 45

Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. USPAP and the Contract. Excerpt: But USPAP and the contract have a very unique relationship. Some appraisers do not like having a copy of the contract.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Appraisal Today

MAY 27, 2022

Trying to use the 2005 URAR form is sometimes like trying to put a square peg in a round hole! Currently, higher rates, low inventory, and high prices are keeping prospective buyers out of the market. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 5.46

Construction 52

Construction Appraisal Modernization Contracts 52

Appraisal Today

OCTOBER 18, 2024

It is unclear how much they paid for the land, but one batch of parcels was purchased in 2005 for $14.7 FHA purchase applications were little changed despite the increase in rates, as some first-time homebuyers remain in the market because of improving housing inventory conditions.” million, records show. percent the previous week.

Appraisal 64

Appraisal Reconsideration of Value Insurance Contracts 64

Will Springer Realtor

DECEMBER 14, 2021

There are too many consumers searching for homes and clearly not enough inventory, however that still means costs around goods, services and housing are going to inflate. Even in the housing bubble of 2005, prices rose “only” 12% nationally.) Nine of the homes are under contract, as of this writing. 3-bedroom with den).

Real Estate 69

Real Estate Buyers Construction Sellers 69

Lamacchia Realty

DECEMBER 28, 2021

The inventory of homes for sale and the number of homes being listed for sale were not nearly enough to satisfy the buyer demand. Even though the inventory of homes for sale at any given time all year stayed lower than ever, it did not decrease sales overall. 2021 Recap. Yes, you read that correctly, worse. It is a real problem.

Sellers 74

Sellers Inventory Buyers Realtors 74

Housing Wire

NOVEMBER 2, 2024

Home prices have remained firm over the last two months, even with higher mortgage rates and inventory data. Pending contracts First, we must realize that we are working with the third calendar year of the lowest home sales ever recorded, once you adjust that number to the workforce. To this date, these principles still apply.

Inventory 516

Inventory New Listings Mortgage Contracts 516