Housing Wire

FEBRUARY 17, 2023

Simonsen founded Altos Research in 2006. With data specific to your local market like this, agents can become local experts and answer their buyers and sellers questions faster. Believe it or not, it is still a seller’s market. In 15 years, the data analytics company has grown into a titan of data.

Sellers 363

Sellers Housing Market Real Estate Agents 363

Housing Wire

APRIL 24, 2024

2006 is when Zillow came out with their Zestimates and with that, they started to very slowly provide to the consumer a more transparent way of understanding the market, and how to see not just the value of their home, but also what their neighborhood was doing and how prices were going up and down,” Saunders said.

Brokerage 421

Brokerage Legal Fees Real Estate Agents 421

Housing Wire

FEBRUARY 22, 2024

Presently, the demand for existing homes outpaces the available supply, raising potential concerns for both sellers and buyers. Employing targeted marketing strategies is equally vital to optimize exposure to potential buyers, minimize days on the market, and maximize the final sales price.

Business 392

Business Marketing Real Estate Legal 392

Housing Wire

NOVEMBER 13, 2023

The writer in the Economist says, “…either the fat fee [real estate commission] inflates the house price, or the buyer ends up paying a similar fee when he or she sells.” This is from the Editorial Board of The Wall Street Journal, “Ninety percent of transactions offer buyer agent commissions of exactly 3%.”

Real Estate 371

Real Estate Realtors Agents Buyers 371

Housing Wire

DECEMBER 28, 2021

But — in the same beat — Caporale added, “There is still a massive influx of buyers, and I am not seeing a significant drop in demand.” 2021 is projected to have the most home sales since the 2006 housing bubble, with the U.S. There’s buyer fatigue and real questions about affordability.” on pace for 6.29 July was the plateau.

Real Estate 476

Real Estate Realty Brokerage Realtors 476

Housing Wire

JANUARY 10, 2022

Sellers saw a market where their homes sold quickly and often above list price as multiple buyers competed to have the winning bid. . Higher mortgage rates and home prices are expected to moderate buyer demand as the erosion of affordability takes a toll.

Housing Market 545

Housing Market Marketing Construction Inventory 545

Housing Wire

DECEMBER 21, 2022

.” One of the housing economic realities that I have been trying to stress this year is that a traditional seller of a home is typically a buyer as well. Since the credit standards have improved post-2010, we shouldn’t see distressed sellers until a job loss recession happens, even if sales fall noticeably.

Inventory 523

Inventory New Listings Housing Market Sellers 523

Housing Wire

JANUARY 20, 2023

The one period where this didn’t happen was from 2006-2011, when credit forced Americans to sell, to rent or to be homeless. From NAR : “December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates ,” said NAR Chief Economist Lawrence Yun. Also, this is what the Federal Reserve wants.

Inventory 540

Inventory Housing Market New Listings Marketing 540

Housing Wire

MARCH 28, 2022

Similarly, companies like Zillow and Trulia launched in 2005 and 2006 as “real estate search engines” to help buyers more easily find a home online. Having everything in-house enables iBuyers to lower closing costs for buyers and sellers, offer real-time, 24/7 customer support and provide unique financing solutions for buyers.

Real Estate 390

Real Estate Marketing Insurance Technology 390

Housing Wire

MAY 21, 2021

This elevated level of competition may be starting to wear on buyers’ confidence and could be holding back sales volumes. “Last month, existing home sales recorded their best bottom line in any April since 2006,” Speakman said. ” While borrowers battle it out in the bidding trenches, unsold inventory sits at a 2.4-month

Inventory 448

Inventory Buyers New Listings Marketing 448

Housing Wire

SEPTEMBER 28, 2021

below its 2006 peak. Additionally, there are move-up buyers with larger budgets who are relocating to more affordable areas where they’re financially able to outbid local residents. Home prices in 19 of our 20 cities now stand at all-time highs, with the sole outlier (Chicago) only 0.3%

Housing Market 501

Housing Market Finance Contracts Inventory 501

Housing Wire

MAY 26, 2022

But we should ask: Why is inventory so much lower now if purchase application data is at 2009 levels — a period in time when inventory was rising noticeably in 2006, 2007, 2008 and 2009? However, the spike in inventory that we saw from 2006 to 2011 can be attributed to the massive credit bubble we had from 2002 to 2005.

Inventory 515

Inventory Housing Market Construction Marketing 515

Housing Wire

FEBRUARY 8, 2024

Kingsbury said homes at lower price points have the largest buyer pools and are frequently subject to the stiffest competition. What we are telling sellers right now is that homes that are properly priced and well prepared are averaging seven to 15 days on the market, compared to an average of 31 days for the greater Peoria area.”

Inventory 430

Inventory Agents Housing Market Luxury Properties 430

Empire Appraisal Group

SEPTEMBER 16, 2022

Housing volatility is pushing more sellers to work with real estate pros rather than go it alone. FSBOs made up only 7% of home sales in 2021—the lowest share since 1981—according to the latest Profile of Home Buyers and Sellers from the National Association of REALTORS®. Marketing to potential buyers. Not This Time.

Marketing 78

Marketing Realtors Sellers Real Estate 78

Housing Wire

MARCH 28, 2022

That’s nearly 200,000 above the previous peak in 2006. Working with buyers scrambling to compete in an insane seller’s market has become a 24/7 job; homes sell in the blink of an eye. iBuying has opened up a completely new path for sellers. This has created an environment of scarcity.

Realtors 342

Realtors Real Estate Agent Marketing Advertising 342

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 362

Real Estate Real Estate Agent Technology Investors 362

Lamacchia Realty

JULY 26, 2023

The rising rates over the past 16 months have decelerated the number of sales as buyer affordability has been greatly diminished and because sellers are hesitating to list. Listing essentially requires sellers to trade in their pandemic-era rates of 2-3% for the current rates hovering in the high 6%-low 7% range.

Sellers 69

Sellers Buyers Real Estate Realty 69

Housing Wire

DECEMBER 29, 2022

Housing went into recession in 2006 and prices weren’t collapsing that year either. 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. Let’s look at the recessionary factors we see now versus 2008.

Housing Market 545

Housing Market Marketing Inventory Sellers 545

Lamacchia Realty

NOVEMBER 8, 2024

Sears Real Estate has been serving buyers and sellers since 1971, under the influential leadership of the late Paul Sears. Kevin is also the Associate Broker of Lamacchia Realty Springfield/Sears Real Estate , which just celebrated their grand opening last month after merging companies in April 2024.

Realtors 69

Realtors Realty Real Estate Government 69

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 74

Inventory Sellers Buyers Contracts 74

Cornerstone

APRIL 30, 2021

Here’s a quick recap of why selling can be a smart move this spring: Springtime normally shows an influx of buyer activity. It’s an ideal time for sellers to take advantage. Sellers who may have been reluctant to list in the past few years are now considering it. Spring is a favorable season for move-up buyers.

Sellers 66

Sellers Buyers Inventory Loan Officers 66

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 74

Inventory Sellers Buyers Contracts 74

Housing Wire

JULY 25, 2022

“We calculate that over 80% of metro areas are meaningfully overvalued,” Zandi said during the Recursion webinar. “… First-time homebuyers are locked out because they just simply can’t afford to buy … and trade-up buyers are locked in [with interest rates well below current market levels]. “So, Inventories are rising across the country.

Housing Market 418

Housing Market Marketing Supply Chain Real Estate 418

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 78

Inventory Sellers Contracts Buyers 78

Lamacchia Realty

FEBRUARY 15, 2023

After over a decade of serving buyers and sellers in New Hampshire, Lamacchia Realty is in the process of opening their first branch office in The Granite State! We are very excited to serve dramatically more homebuyers and sellers in the Southern New Hampshire market and in time grow all the way up the state with additional offices.”

Realty 74

Realty Realtors Renovations Sellers 74

McKissock

MARCH 15, 2022

Traditional buyers are replaced by new ones (investors). When traditional buyers are replaced by new buyers who are starting to invest in real estate, this is an indication of a possible bubble. Use of creative financing such as seller contracts.

Real Estate 88

Real Estate Finance Sellers Real Estate Agent 88

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. At that time we had an extreme overabundance of sellers and not enough motivated buyers. Therefore, most would-be sellers are in a holding pattern.

Sellers 78

Sellers Buyers Real Estate Inventory 78

Housing Wire

AUGUST 30, 2022

One of the issues with existing home inventory has been that, for the most part, a traditional seller is usually a buyer of a home. I don’t need to see total active listing get back to the historical range of 2-2.5 million to take the savagely unhealthy theme off, but I do need us to get into a range between 1.52-1.93

Inventory 397

Inventory New Listings Law Housing Market 397

Lamacchia Realty

NOVEMBER 1, 2023

Lamacchia Realty has been serving buyers and sellers since 2006. Directors attend multiple meetings throughout the year which cover policy and current issues that need to be addressed within the industry. Lamacchia offers an array of distinctive  lead products ,  services , and  tools to its agents. 

Realtors 74

Realtors Realty Real Estate Training 74

Lamacchia Realty

JANUARY 12, 2024

Since its establishment in 2006, Lamacchia Realty has been dedicated to serving the needs of both buyers and sellers. Lamacchia Realty was also ranked number one as the number one independent brokerage in Worcester County with the highest sales volume and the highest number of closed transactions for all of 2023.

Realty 74

Realty Realtors Brokerage Training 74

Lamacchia Realty

JANUARY 11, 2023

Lamacchia Realty has been serving buyers and sellers since 2006.  The Hudson Office is home to plenty of distinguished REALTORS®, including Kerryann Murphy who qualified for the 2022 President’s Club by surpassing 33 transactions in 2022. Get to know all the Lamacchia Realty Hudson Office REALTORS® here!

Realty 69

Realty Brokerage Realtors Tools 69

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. Since then, she has taken off running and has helped her buyers and sellers reach their goals.

Realtors 74

Realtors Realty Real Estate Clients 74

Lamacchia Realty

JANUARY 11, 2023

Lamacchia Realty has been serving buyers and sellers since 2006.  Cervone , Eileen Doherty , Kelly Dimbat , Krista Matthews, and Marjorie McCue. . Get to know all the Lamacchia Realty Woburn Office REALTORS® here!

Realty 69

Realty Realtors Brokerage Tools 69

Housing Wire

APRIL 20, 2022

Although this was not the strongest showing for new home sales due to supply chain issues, and material and labor shortages, 2021 was the best year for existing home sales since 2006. Joey Gault and Beth Wexler of @properties’ Chicago-based The Wexler Gault Group , have found pl@tform to be incredibly helpful.

Real Estate Agent 425

Real Estate Agent Real Estate Agents Brokerage 425

Housing Wire

MARCH 18, 2021

Home prices have skyrocketed in the past year, and data from Redfin backs up what buyers, sellers, and agents have known for months. “This is the strongest seller’s market since at least 2006,” Fairweather said. The post Buyers are overpaying, but are there signs of a bubble?

Buyers 545

Buyers Sellers Inventory New Listings 545

Lamacchia Realty

APRIL 6, 2022

To learn more about Shauna, click here: Shauna Fanning Kelly Dimbat has lived in Billerica since 2006 and has been a top producing REALTOR® in Billerica and the surrounding communities for several years. Kelly joined forces with Lamacchia Realty in January 2019, after having owned James Marcora Realty in Billerica, MA since 2006.

Realtors 69

Realtors Realty Real Estate Agents 69

Lamacchia Realty

OCTOBER 9, 2024

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. Kelly Dimbat has lived in Billerica since 2006 and has been a top-producing REALTOR® in Billerica and the surrounding communities for several years.

Realtors 74

Realtors Realty Real Estate Clients 74