Lamacchia Realty

JANUARY 25, 2024

This report breaks down sales, average prices, the number of active listings, and how many listings went under contract for 2023 compared to 2022 and discusses what is predicted to unfold in 2024. The number of homes placed under contract (pending), decreased by 17.7% Average prices for closed sales increased by 3.4%

Inventory 73

Inventory Sellers Contracts Buyers 73

Lamacchia Realty

MARCH 26, 2024

Source Inventory rises when more sellers are listing than buyers are buying. The chart below shows the median time to contract, which is the number of days it takes for the property to be considered off the market. When there are market changes it often takes sellers time to first realize it and then be willing to accept it.

Bracketing 65

Bracketing HOA Sellers Buyers 65

Lamacchia Realty

JUNE 21, 2022

For the past few years, with inventory at historically low levels , sellers were coming pretty close to naming their price and buyers were paying. The low rates made it possible to offer more on a home as the cost of borrowing was lower and therefore, sellers weren’t the ones competing, buyers were. The same will be true for sellers.

Housing Market 67

Housing Market Bracketing Marketing Sellers 67

Lamacchia Realty

FEBRUARY 22, 2022

Below is a graph that illustrates home sales per year since 2005. Below is a graph that illustrates monthly home prices since 2005. Prices very clearly skyrocketed in 2021 when compared to previous years, again because demand was so high and supply was so low, sellers could almost name their price. 2021 Sales by Month.

Inventory 54

Inventory Sellers Buyers Real Estate 54

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. A housing crash on a chart looks like what you see in January of 2005-January of 2007; that spike in available inventory of homes for sale means supply is high and demand is low.

Marketing 68

Marketing Sellers Buyers Inventory 68

Appraisal Today

SEPTEMBER 22, 2023

A buyer gets a seller’s disclosure statement for that information. Tomorrow, I’m supposed to become a data scientist and try to decipher the value of a property I’ve never seen, bought and sold by buyers and sellers I’ve never met. I purchased a large house on the water with a dock in 1995 for $375,000 with 100% seller financing.

Appraisal 88

Appraisal Training Inspection Real Estate 88

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. It tells us more about the trend one month ago when the property got into contract.

Appraisal 71

Appraisal Architecture Contracts Design 71

Appraisal Today

APRIL 12, 2024

40 acre lot, Built in 2005 “The village of Highlands is some of the most expensive real estate in the Carolinas,” Jackson (listing agent) says. “It However, the seller ended up taking the home off the block before the Dec. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.80

Appraisal 78

Appraisal Construction Contracts Architecture 78

Lamacchia Realty

JANUARY 27, 2023

Below is a graph that illustrates home sales per year since 2005. Sellers were still able to sell at a premium because inventory was low enough that despite rates, buyers paid what they had to. Rates don’t just impact buyers- they impact sellers too as most sellers are buyers! Prices Increased 8.7%

Inventory 67

Inventory Buyers Real Estate Sellers 67

Appraisal Today

SEPTEMBER 27, 2024

This class is required before this new UAD material can be taught to other appraisers, under contract with the GSEs. I have not done any residential lender appraisals since 2005. 2) Herd mentality – Each seller will be keenly watching the other sellers to see how they respond. percent from 6.15 percent from 6.41

Property Appraisal 69

Property Appraisal Appraisal Training Contracts 69

Appraisal Today

FEBRUARY 9, 2024

I am so glad I quit doing residential lender appraisals in 2005! = That has made it hard for some individual sellers of existing homes to compete for buyers. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 6.80 I was not aware of my bias.

Appraisal 81

Appraisal Contracts Insurance Construction 81

Appraisal Today

JULY 19, 2024

Current forms date back to 2005. The seller, an investor who had purchased the home in an estate sale, was unaware of the system’s location. The seller agreed to pump the tanks so the area could be determined. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.75

Appraisal 79

Appraisal Insurance Contracts Business 79

Lamacchia Realty

JANUARY 28, 2022

Homes Pending (contract accepted) – All of NH. In 2021 there were 27,131 homes listed for all of NH and 26,354 homes marked pending with accepted contracts. Seller Resources. Supply is being consumed at almost the same rate that it’s being made available, which we refer to as the Pac-Man effect. Additional Resources.

Contracts 45

Contracts Buyers Inventory Real Estate 45

Will Springer Realtor

DECEMBER 14, 2021

Buyers will continue to outstrip sellers by a significant margin but less extreme than in 2021. Even in the housing bubble of 2005, prices rose “only” 12% nationally.) With more sellers expected to enter the market as buyer competition remains fierce, we anticipate strong home sales growth at a more sustainable pace than in 2021.”.

Real Estate 69

Real Estate Buyers Construction Sellers 69

Will Springer Realtor

JANUARY 3, 2023

Supreme Court decision ruled the covenants as enforceable contracts. A violation of the rules could lead to both the eviction of the new property owner and legal consequences against the seller. The local effort to remove racist language from property documents dates to 2005 as part of a project at UW’s History Department.

Real Estate 36

Real Estate Technology Investing Legal 36

Appraisal Today

JUNE 3, 2022

Sellers, it’s time to listen. Sellers could sell and relocate to an area with much lower home prices, which a friend of mine recently did. Hopefully, it won’t stay the same as long as the 2005 URAR. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 5.20

Appraisal 52

Appraisal Contracts Real Estate Marketing 52

Listing Spark

OCTOBER 27, 2022

The real estate market is ever changing for buyers, sellers, and investors. Should you be offering concessions if you are a seller? We’ll dive into how the current real estate market is affecting buyers, sellers, and investors with Ellen Steele, a Realtor with ListingSpark that has had over $10M in sales in the last 12 months.

Real Estate 36

Real Estate Sellers Buyers Investors 36

Appraisal Today

FEBRUARY 24, 2023

In 2005 I finally quit all residential lender work due to the huge ups and downs in business. However, our analysis finds multiple other plausible explanations for under valuations of this magnitude such as the greater presence of first-time homebuyers or seller concessions. In the early 1990s, my market crashed. percent from 6.39

Appraisal 52

Appraisal Architecture Valuation Business 52

Appraisal Today

DECEMBER 9, 2022

31% of women and 27% of men signed up for Social Security at age 62 in 2018, down from around 54% of women and 50% of men in 2005, according to Social Security Administration data. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 6.41 percent from 6.49

Appraisal 52

Appraisal Contracts Business Mortgage 52

Lamacchia Realty

DECEMBER 28, 2021

From offering dramatically over asking price, putting down massive deposits, waiving home inspection contingencies or not doing home inspections at all, waiving mortgage contingencies, agreeing to close whenever sellers want, and more. Home sellers are usually motivated to list when they see homes on the market that they want to buy.

Sellers 74

Sellers Inventory Buyers Realtors 74

Appraisal Today

OCTOBER 27, 2023

Speaking of surprises, a recent Zillow analysis finds most states don’t require sellers to disclose paranormal activity in the home they’re selling. I quit all residential lender appraisals in 2005 due to the cyclicality. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 7.52

Property Appraisal 73

Property Appraisal Appraisal Business Contracts 73

Housing Wire

JANUARY 22, 2021

Warren Buffett, one of the biggest investors, divested all GSE holdings between 2003 and 2005. When smaller lenders and nonbank lenders look back to that time, assuming they were active sellers to the GSEs at the time, they all know where the root of the unleveled playing field came from. Then came the “Alliance Agreements.”

Government 525

Government Finance Investors Marketing 525

Housing Wire

NOVEMBER 2, 2024

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. There were many years of housing data in the early to mid-1980s and mid to late 1990s, and even from 2000 to 2005, where we have seen rising inventory and sales.

Inventory 516

Inventory New Listings Mortgage Contracts 516