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Brian Gubernick : No question, the greatest learning opportunity I’ve experienced was the 2007-2008 housing market crash. But the issue that seems to take up space in my mind, and has for several years now, is the threat that I believe Realtors are under as it pertains to our role in the industry. To become an HW+ member, click here.
From the National Association of Realtors (NAR): Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – elevated 0.8% The marketplace data told us we had no stressed sellers in 2023. So let’s take a look at the playbook. million in November. from one year ago (1.12
The one thing that is positive this year which is different than last year is new listing data is rising year over year, nothing spectacular, but it’s a positive story for housing This means we have more sellers that will be buyers in 2024. million, and in 2007, it peaked at 4 million.
Kevin Sears Installed as 2025 President of The National Association of REALTORS® November 7, 2024 – At the annual National Association of REALTORS® Conference Governance Meeting , held at the Boston Convention & Exhibition Center, Kevin Sears was installed as the 2025 President of The National Association of REALTORS®.
Lamacchia Realty's Top Producing REALTORS® for October 2024! has released its “Top Producing REALTORS®,” for October 2024! This program recognizes the Top 10 REALTORS® company-wide and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Lamacchia Realty, Inc.
The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage jumped 40 basis points to an average of 6.70% this week, the highest level since 2007. It’s transitioning to a buyers’ market, as 20% of sellers had a price reduction in August 2022, compared with 11% a year ago,” said Rich Weidel, CEO at Princeton Mortgage.
The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. million, with a peak in 2007 a tad over 4 million. This is not a positive for the housing market.
Lamacchia Realty Announces Top Producing REALTORS by Transactions for 2024 Lamacchia Realty, Inc. has released their Top Producing REALTORS, for all of 2024! This program recognizes the Top 10 REALTORS out of the over 700 agents in Lamacchia Realty with the highest transaction numbers for the year!
Lamacchia Realty's Top Producing REALTORS for February 2025! has released its Top Producing REALTORS for February 2025! This program recognizes the Top 10 REALTORS company-wide with the highest transaction numbers AND sales volume for the month! Most recently he ranked as the #1 REALTOR in Dalton, MA, for closed transactions.
Heidi Weed Wins Most Transactions and Highest Sales Volume in 2024 Southington Office The #1 REALTOR in the Southington Office in 2024 is Heidi Weed. This is Heidis second time taking home the award for Most Transactions and Highest Sales Volume, as she was awarded in 2023 , and we couldnt be more excited for her !
Lamacchia Realty's Top Producing REALTORS® for September 2024! has released its “Top Producing REALTORS®,” for September 2024! This program recognizes the Top 10 REALTORS® company-wide and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Lamacchia Realty, Inc.
has released its “Top Producing REALTORS®,” for May 2024! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Since then, she has taken off running and has helped her buyers and sellers reach their goals.
has released their “Top Producing REALTORS®,” for all of 2022! This program recognizes the Top 10 REALTORS® out of the nearly 500 agents in Lamacchia Realty by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the year! Cyndi thrives to make her buyers and sellers her top priority.
has released its “Top Producing REALTORS®,” for April 2023! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Horton’s VIP Realtor distinction, placing him in the top 5% of REALTORS® in Broward County.
has released their “Top Producing REALTORS®,” for October 2021! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Joselin Malkhasian is a REALTOR® working with both buyers and sellers in the Greater Boston Area.
has released their “Top Producing REALTORS®,” for May 2022! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Since then, she has taken off running and has helped her buyers and sellers reach their goals.
has released their “Top Producing REALTORS®,” for December 2022! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Laurie is consistently named a top producing REALTOR® for the office as well as company-wide !
has released its “Top Producing REALTORS®,” for July 2023! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Since then, she has taken off running and has helped her buyers and sellers reach their goals.
has released its “Top Producing REALTORS®,” for June 2024! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! is a passionate and knowledgeable REALTOR® with almost two decades of active-duty military experience.
Lamacchia Realty's Top Producing REALTORS for January 2025! has released its Top Producing REALTORS, for January 2025! This program recognizes the Top 10 REALTORS company-wide with the highest transaction numbers AND sales volume for the month! Lamacchia Realty, Inc.
Anthony Lamacchia Broker/Owner Heidi has been successfully helping buyers and sellers find success since 2007, armed with her vast industry experience, resources, and the continuous education she pursues – all to benefit her clients!
Source Inventory rises when more sellers are listing than buyers are buying. When there are market changes it often takes sellers time to first realize it and then be willing to accept it. This can be particularly important in a buyer’s market, where buyers have many options and sellers need to stand out.
Furthermore, potential sellers with covid-era mortgage rates of around 3% weren’t listing because they’d have to give up that historic rate and trade it for one that is likely two times higher or more. Many sellers are holding the line, and buyers continue to face competition. Sellers then become the ones who need to compete.
From 1993 to 2007, over one million homes were completed per year, ranging from just 1,039,400 to over 1,654,500. Jump forward to June 2021, and according to the National Association of Realtors , the shortage increased to 5.5 The building rate in the United States has dropped over the last few decades! million units.
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.
Furthermore, potential sellers with covid-era mortgage rates of around 3% aren’t actually listing because it means they’d have to give up that historic rate and trade it in for one that is two to three times higher. Fewer sellers need to adjust their price because, again, it’s a seller’s market. It means they’re down.
Buyers have had more money to work with due to the low mortgage rates , and sellers who actually listed their properties were given the pick of the litter in multiple offer situations where most of the time, the homes were selling for over asking. It comes with a negative stigma for sellers to hear that a price adjustment is recommended.
National Landscape: Indications of a Seller’s Market As detailed in a recent article by Matt Carter published on June 9, 2023, a national sentiment heavily favoring sellers prevails 1. “The housing market has tilted sharply in favor of sellers amid increasing demand and ongoing low housing inventory.”
If you take 2007-2011 out of the equation, we have had only one year go negative; that was 1990, and that was only a 1% decline. To get a real price crash, we would need to see a surge of housing inventory and distressed sellers. The National Association of Realtors ‘ existing home sales report shows home sales dropped only 1.0%
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.
housing starts, when builders break ground and lay a foundation, are forecast to finish this year at 1.04M single-family homes, the first time since 2007 the figure will exceed a million. Who said this is a sellers’ market? The sellers were seeking $7.8M ($1527/sq. The post SELLERS’ MARKET? Census data through October.
The sellers custom built the home between 2007 and 2009, using high-end materials and finishes, including a wall of windows and 26-foot-high ceilings in the great room. The seller wanted that to be a part of the home, and he didn’t want it down in a cellar. The 900 sq.ft. Why Does MLS Availability Affect Appraisals?
“The recent development of lower mortgage rates coupled with increasing inventory is a powerful combination that will provide the environment for sales to move higher in future months,” Lawrence Yun, chief economist for the National Association of Realtors® said in September. This reverses the recent trend.
From 1993 to 2007, over one million homes were completed per year, ranging from just 1,039,400 to over 1,654,500. Jump forward to June 2021, and according to the National Association of Realtors , the shortage increased to 5.5 The Building Rate The building rate in the United States has dropped over the last few decades! million units.
From 1993 to 2007, over one million homes were completed per year, ranging from just 1,039,400 to over 1,654,500. Jump forward to June 2021, and according to the National Association of Realtors , the shortage increased to 5.5 The building rate in the United States has dropped over the last few decades! million units.
This is more concerning now that 71% of Houston Realtors have sold less than 5 homes in their entire career. Why We're Fearful: Buyer & Seller Mistakes. Best Houston Realtors: Paige Martin & The Houston Properties Team. Best Houston Realtors: Paige Martin & The Houston Properties Team. Table of Contents.
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.
The key to getting the best possible value for your money is understanding what’s happening in your local real estate market — whether you’re a buyer or a seller. What’s the Difference Between a Buyer’s and Seller’s Market? Buyer’s vs. seller’s markets are a matter of supply and demand.
That’s the most since 2007. Here’s a negotiating tactic that you may not have thought of: Sellers who “spy” on buyers when they are visiting the home. median figure is $320/month. >> Recent data from the National Association of Realtors® show buyers put down an average 12% of the purchase price on a home. SMILE FOR THE CAMERA.
This looks a lot like the housing boom that we saw prior to the 2007–09 financial crisis.” That percentage was last seen in September 2007 – yes, at the start of the housing crisis (as the chart shows). What may be truly impressive are the sellers, now empty-nesters after raising eight children in this home!)
They have declined for two consecutive months, according to the National Association of Realtors®. The excess of inventory that occurred in 2007, 2008 and ’09, was an anomaly,” said Marci Rossell, former chief economist for CNBC. But, in speaking to a political-affairs lobbyist for Washington Realtors®, the bill became “watered down.”
has released its “Top Producing REALTORS®,” for April 2024! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Mary Wood is an award-winning REALTOR® based in MetroWest closing 50-60 sales annually.
Avoid 9 Costly Mistakes Sellers Make. Top Ranked Realtors: Paige Martin & The Houston Properties Team. Today's monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007. 2020 ended favoring sellers. Do You Want To Buy A Home Now?
There are at least five factors that make this housing environment far different – and more stable – than roughly a decade ago: Low inventory and lack of supply – There were some 4 million homes on the market nationally in July 2007 compared with about 1.1 The sellers are asking $5.288M ($1160/sq. million for sale today. lodge home.
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