Lamacchia Realty

OCTOBER 11, 2024

HOW FLORIDA'S NEW FLOOD DISCLOSURE REGULATIONS IMPACT BUYERS AND SELLERS In the aftermath of Hurricane Helene, Florida state lawmakers have passed a new flood disclosure statute for real estate transactions. In this blog, we’ll explore what the new law consists of and how it could affect both buyers and sellers in the Sunshine State.

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Sellers Buyers Insurance Law 74

Hank Miller Team

FEBRUARY 8, 2022

So what happens if the appraisal is below contract price? Appraisals below contract price will continue to be a challenge in 2022. Consider, appraisals this year will be using data from the already insane market of 2021 and many will still fall below contract.

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Contracts Appraisal Sellers Buyers 98

Empire Appraisal Group

FEBRUARY 29, 2024

Lusky, DigitalVision, Getty Images Source: [link] FSBO Sellers Regret Not Having an Agent By Melissa Dittmann Tracey Survey: Sellers who go-it alone are twice as likely to be unsatisfied with the experience – and more likely to say their earlier opinion, “agents are overpaid,” was wrong.

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Housing Wire

AUGUST 7, 2023

It’s no secret that sellers are absent in this market. In September, even though new sellers were few, buyers were even fewer, so inventory rose. The dark red line on this chart represents dramatically fewer new sellers each week than in normal years. The market is still running below the pace of new contracts each week in 2022.

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Inventory New Listings Contracts Sellers 357

Housing Wire

JULY 20, 2024

Yes, home prices are still rising in 2024, but the pace is significantly slower than in 2020 and 2021. The seasonal decline in new listings will begin soon and we will see if we get fewer sellers in the second half of the year than the current trend. With more sellers who are buyers, we have a tad more demand this year.

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Inventory New Listings Contracts Mortgage 526

Housing Wire

OCTOBER 23, 2023

According to Warner, the module that mentions commissions had just 138 views in 2020 and 2021, combined, among HomeServices’ 51,000 agents. Under questioning, Goffstein said that each agent has a contract that includes NAR rule clauses and that the contract also tells agents that NAR membership dues are needed by January.

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Housing Wire

SEPTEMBER 12, 2023

Supply of homes for sale is very low, and most of the year we’ve had more buyers than sellers. New contracts dipped as affordability is out of reach for so many. There are 348,000 single-family homes in contract right now, with only 54,000 new contracts pending in the last week. This week continues that trend.

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Contracts Inventory Housing Market Buyers 434

Housing Wire

NOVEMBER 2, 2022

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 7.06% on Wednesday from last week’s 7.16%, according to the Mortgage Bankers Association. . “The million in September 2021. Tables have turned for some sellers. million units from 6.18

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Mortgage Sellers Contracts Buyers 435

DataMaster

JANUARY 15, 2021

It’s a seller’s market! Appraising in 2021. While we have no crystal ball, we will examine 2020’s real estate and make a foray into predicting what 2021 will do. Will appraising in 2021 be better or worse than in 2020? With all of this selling going on, appraising in 2021 will stay strong!

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Appraisal Construction Business Real Estate 147

Housing Wire

SEPTEMBER 26, 2023

We’re seeing fewer new sellers each week, but inventory is building as homebuyers wait to see if mortgage rates will come down to make purchases more affordable. Fewer new sellers also means that inventory can’t grow too much; the real trouble develops when demand drops and supply surges. What’s happening with inventory?

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Housing Wire

MARCH 27, 2023

in early 2021, the Texas tech hub has been impacted by tech layoffs, dwindling tech stock values and unsustainable high home prices. In addition, just 16% of the homes in Austin went under contract within two weeks of hitting the market. Sellers are locked in because they can’t justify giving up a 2.9%

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Housing Market Marketing Contracts Buyers 395

Lamacchia Realty

JUNE 18, 2021

ARE YOU A WANT-TO-BE-SELLER IN 2021? This means NOW is a great time to list to take advantage of motivated buyers before other sellers start to saturate the market. Take Action to Sell and Action to Buy- Many times “Want-to-Be” sellers and buyers don’t take one step without the other and all that does is hold you back.

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Sellers Realty Buyers Realtors 69

Housing Wire

OCTOBER 18, 2021

But on Monday the home listings giant called a timeout on purchasing homes through the end of 2021. Zillow will keep trying to sell existing home inventory, plus renovate and try to resell homes it has purchased under contract, according to a company press release. However, Zillow’s home purchasing is at “operational capacity.”.

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Housing Wire

MAY 22, 2024

One difference between 2023 and 2024 is that this year the pending contract data shows small but steady year-over-year sales growth. We are getting close to the seasonal peak and then this data line will decline, making 2021-2024 the lowest new listings data period ever recorded in history.

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Inventory New Listings Housing Market Contracts 512

Lamacchia Realty

FEBRUARY 14, 2024

ARE YOU A "WANT-TO-BE" SELLER IN 2024? From low inventory levels to increasing mortgage rates , the real estate landscape has experienced a multitude of changes and challenges over the last several years, leaving many sellers wondering when the “right” time to list would be given current market conditions.

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Sellers Realtors Buyers Inventory 74

Housing Wire

SEPTEMBER 15, 2023

of homes that went under contract that month, according to a new report from Redfin. A lot of sellers are also willing to let buyers slip away because they don’t want to concede to repair requests,” Morre said. year over year, the largest annual decline since June 2021. year over year, the largest annual decline since June 2021.

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Buyers Mortgage New Listings Real Estate 448

Lamacchia Realty

DECEMBER 21, 2021

Homes still do sell over the holidays so motivated sellers can still take advantage of the serious pool of buyers who are out there looking. percent year over year with November 2021 at 8,300 over 8,620 last November. Just like sales, 2021 prices are up higher when compared to 2019 as well by 24.2% Sales are down 3.7

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Sellers Buyers Landlords Tenants 74

Housing Wire

OCTOBER 19, 2022

With the mortgage origination market forecast to downsize by 40% this year from 2021 and mortgage rates topping 7% in October, lenders big and small have laid off its employees across multiple rounds of layoffs. In 2021, non-depository institutions accounted for 64% of first-lien, owner-occupied, site-built home-purchase loans.

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Mortgage Contracts Design Government 434

Housing Wire

OCTOBER 12, 2022

million units this year from 2021, a further downward revision from September’s projected 17.2% Given the ongoing tension between potential homebuyers and home-sellers at the moment, we believe the pace of sales is likely to slow even further, too,” he added. contraction in real GDP in 2023. annualized in the fourth quarter.

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Contracts Modernization Housing Market Mortgage 448

Lamacchia Realty

SEPTEMBER 24, 2021

Sellers have had the upper hand for a long time but need to be prepared for more inventory, meaning buyers won’t have to compete as much. Prices increased, as they’ll continue to do for the foreseeable future due to buyers outbidding one another or paying what sellers ask. 2021 – 8,914 2020 – 9,739 2021 – 8,406.

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Sellers Buyers Inventory Realty 74

Lamacchia Realty

NOVEMBER 19, 2021

Sellers , as we head into the holiday season , even though the market may appear to be slowing, there are still serious buyers looking for homes, so you shouldn’t be taking your home off the market at the risk of missing out on those opportunities to sell before the end of the year. 2021 – 8,178 2020 – 10,249 2019 – 9,331.

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Inventory Sellers Buyers Landlords 74

Housing Wire

JULY 19, 2023

Go Mortgage sued its former director of capital markets for “corporate sabotage,” alleging computer fraud, violation of trade secrets, breach of contract and tortious interference with a business relationship. Chikonde, who was hired in January 2021, managed Go Mortgage’s warehouse lines, pricing, hedging and loan sales.

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Mortgage Marketing Retail Construction 370

Housing Wire

JULY 24, 2023

Pending Sales There are now 378,000 single-family homes in contract. There were 68,000 new contracts for single-family homes this week. In the chart below, the light portion of each bar represents the new contracts each week. But, there were another 15,000 condos and townhomes that went into contract this week.

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Inventory Contracts New Listings Buyers 359

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. You can see that 2021 was much higher than 2020, but also take note of where prices for January 2022 landed.

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Inventory Sellers Buyers Real Estate 73

Lamacchia Realty

JULY 23, 2021

In this 2021 Mid-Year Housing Report, we’re looking at home sales in Hudson in the first half of 2021 compared to the first half of 2020 and how the market performed in that area. As of June 30, 2021, home sales in Hudson increased by 36.5% moving from $363,844 to $436,365 in 2021 so far. 2021 Outlook.

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Real Estate Realty Contracts Sellers 69

Lamacchia Realty

OCTOBER 26, 2021

Sellers for the first time in a while may not get to name their price in this fall market, as competition for homes is decreasing. Sales are down 5 percent year over year with September 2021 at 9,150 over 9,631 last September. 2021 – 10,451 2020 – 11,210 2019 – 10,950. 2021 – 8,974 2020 – 9,813 2019 – 8,522.

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Inventory Buyers Sellers Landlords 74

Housing Wire

SEPTEMBER 28, 2021

annual gain for the year ending in July 2021, up from 18.7% from July 2020 to July 2021, which is up from the 18.5% increase recorded in June 2021. The index showed a 19.7% a month prior. This is the highest annual rate of price growth since the index began in 1987 and the fourteenth consecutive month of accelerating prices.

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Housing Market Finance Contracts Inventory 501

Lamacchia Realty

JULY 23, 2021

In this Mid-Year Report, we’re looking at Watertown, Massachusetts home sales in the first half of 2021 compared to the first half of 2020 and how the market performed in that area. As of June 30, 2021, home sales in Watertown increased by 21.8% moving from $752,473 to $766,040 in 2021 so far. 2021 Outlook.

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Realty Contracts Real Estate Sellers 69

Lamacchia Realty

JULY 23, 2021

In this Mid-Year Report, we’re looking at Worcester, Massachusetts home sales in the first half of 2021 compared to the first half of 2020 and how the market performed in that area. increase in the number of listings brought the first half of 2021 to 1,292 compared to 1,030 last year this time. 2021 Outlook. to $319,958.

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Realty Contracts Sellers Buyers 69

Housing Wire

APRIL 17, 2023

Austin, Texas In 2021, Austin had one of the hottest housing markets in the country. The 90-day average median list price as of mid-February comes in at $699,187, down a little over $100,000 from the record high set in mid-March 2021. For agents and sellers looking to succeed in Austin’s current market, Redding says pricing is key. “We

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Housing Market Marketing Inventory Buyers 417

Lamacchia Realty

JULY 23, 2021

In this 2021 Mid-Year Housing Report, we’re looking at home sales in Chelmsford in the first half of 2021 compared to the first half of 2020 and how the market performed in that area. As of June 30, 2021, Chelmsford sales increased from 201 in the first half of 2020 to 278 in the first half of 2021, a 38.3% 2021 Outlook.

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Real Estate Realty Contracts Sellers 69

Housing Wire

NOVEMBER 13, 2020

Choosing a real estate agent who already has 10 buyers and five sellers probably doesn’t bode well for your home search. Is 2021 a good time to buy a house? Do I have to sign a contract and, if so, how is it structured? You should also find out what the agent’s contract looks like. More for Real Estate Enthusiasts.

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Real Estate Agent Real Estate Agents Contracts 545

Housing Wire

OCTOBER 15, 2021

One-third of homes that went under contract had an accepted offer within one week of hitting the market, a new report from Redfin found. In addition, the number of homes that went under contract within two weeks of listing rose to 46% from 42% during the same period in 2020. points from a month earlier.

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Contracts Landlords Inventory New Listings 403

Lamacchia Realty

JULY 6, 2021

EASY FIXES SELLERS CAN MAKE. Selling a home can take some time and while most home sellers are focused on making updates that will give them the most return, it is imperative that the small fixes aren’t overlooked. If the seller hasn’t tackled a small project, such as replacing the cover pates, what other big issues can’t be seen?

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Sellers Open Houses Buyers Realty 69

Housing Wire

JUNE 9, 2022

Interest rates jumped by more than 2 percentage points over the first quarter of 2021. Lenders saw the value of agency loans made at lower rates — in the 3% range — in 2021 and early January 2022 drop precipitously over the course of the first quarter. That bolt-like spike in rates put many mortgage lenders into crisis mode.

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Housing Wire

OCTOBER 21, 2021

The gain in existing home-sales in September reflects contracts signed earlier in the summer,” Mike Fratantoni, MBA SVP and chief economist said in a statement. decrease from August 2021. NAR’s 2020 profile of home buyers and sellers found that the annual share of first-time buyers was 31%. Existing-home sales rose 7.0%

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Inventory Buyers Realtors Contracts 435

Housing Wire

APRIL 13, 2021

A new report from Redfin shows that homes listed midweek sell for an average of $1,700 more than homes listed on the weekend, based on homes sold above their list price from July 2020 through February 2021. And they sell faster, too. Presented by: Propertybase. ” Redfin also looked at specific markets when studying midweek sales.

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