Remove 2019 Remove Inventory Remove Open Houses
article thumbnail

Download these 9 real estate prospecting letter templates that actually work

Housing Wire

Many of us are in sellers’ markets with very low inventory. Inventory is extremely low, and the competition is fierce. House-hacking is a great way to build wealth and pay down your mortgage. Buyer’s agents who can find their clients a home that’s not even on the market are instant heroes.

article thumbnail

Mortgage rates are the highest they’ve been this year. Did loan officers expect this?

Housing Wire

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. All those guys weren’t doing that much volume in 2019,” Clark noted. economy remains hot. For comparison, lenders funded $2.4

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

HousingStack Phase 4: Lead conversion

Housing Wire

Used in conjunction with listing presentations, these tools take recent sales, current inventory and list pricing, market absorption and a variety of other factors into account to help you determine the right price. By far the most popular conversion tools out there are Comparative Market Analysis tools. It can also do a lot more than that.

Tools 317
article thumbnail

Current Real Estate Industry Trends

D Fritz Appraisals

Live-streamed open houses, virtual walkthroughs, masks and sanitizer waiting at listed homes became common as the first weeks wore on. As a result, in June the number of homes on the market was much closer to 2019 numbers and sales in June 2020 in the VREB region surpassed sales from June 2019. Condo sales are down 3.2%

article thumbnail

What Could Make Home Prices Drop in 2023?

Empire Appraisal Group

The start of the year, of course, is when homeowners and real estate agents start to bring new inventory to market. Even if sellers don’t come out in quite their usual numbers this year, there may still be enough additional inventory to push home prices down. It would take just 3.3

article thumbnail

Price Adjustments in this New Housing Market

Lamacchia Realty

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. For the past few years, with inventory at historically low levels , sellers were coming pretty close to naming their price and buyers were paying.

article thumbnail

How to Take Advantage of the Cooler Summer Market

Lamacchia Realty

For the first time in years inventory is at the same level as the year prior as depicted in the chart above, and single families are higher as depicted in the chart below. This will continue throughout the year and the number of homes will continue to increase and climb above 2021, 2020, and rise to about 2019, before-COVID levels.