Lamacchia Realty

OCTOBER 17, 2024

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. Affordability is likely becoming the issue.

Bracketing 74

Bracketing Marketing Sellers Buyers 74

Lamacchia Realty

OCTOBER 25, 2023

PRICE ADJUSTMENTS AND THE 2023 MARKET In March 2022, it was clear that the market was changing from a frenzied post-pandemic scene to one where it was assumed that rising mortgage rates would slow it down and help inventory finally rise back up. Fewer sellers need to adjust their price because, again, it’s a seller’s market.

Bracketing 74

Bracketing Marketing Sellers Buyers 74

Lamacchia Realty

MARCH 26, 2024

In the chart below, the trend depicts that inventory in all three South Florida counties (Palm Beach, Miami-Dade, and Broward) has been rising since April of 2022. Source Inventory rises when more sellers are listing than buyers are buying. Normally, sellers should expect at least one offer within the first two weeks of listing.

Bracketing 74

Bracketing HOA Sellers Buyers 74

Lamacchia Realty

MAY 26, 2022

The Lamacchia Realty South Florida Housing Report presents overall home sale statistics and highlights the average sale prices for single families, condominiums/townhomes in Broward County, Miami-Dade County, and Palm Beach County for April 2022 compared to April 2021. Seller Resources. Seller Resources. South Florida Inventory.

New Listings 36

New Listings Bracketing Inventory Realty 36

Lamacchia Realty

APRIL 7, 2025

This creates a cycle that floods the market with homes for sale, shifting competition to sellers, unlike the post-COVID boom, where buyers were in bidding wars, waiving contingencies, and offering over asking. Now, sellers are adjusting their list price to attract more buyers more than ever due to challenges that the Florida market is facing.

Bracketing 36

Bracketing Sellers Realty Contracts 36

Cornerstone

MAY 21, 2021

percent in the fourth quarter of 2022.”. As you prepare to buy a home – either as a first-time buyer or as a seller who is buying a new house – it’s critical to know your monthly budget and exactly how much house you can afford. We estimate the 30-year fixed mortgage rate will average 3.4 You can find this out by prequalifying.)

Real Estate 61

Real Estate Loan Officers Bracketing Sellers 61

McKissock

FEBRUARY 15, 2022

Now, 26 years later, Fannie Mae has announced that appraisers will be required to comply with ANSI Z765 as of April 1, 2022. Related reading: For more info, check out Dan Bradley’s article, “Fannie Mae to Adopt ANSI Measurement Standard in 2022.”. A positive step toward consistency in appraising. was used.

Appraisal 87

Appraisal Bracketing Training Development 87

Lamacchia Realty

MARCH 12, 2024

Due to rising rates and home prices that have continued to influence consumer spending, 2023 saw the lowest inventory in recorded history, and in 2024, sellers are still hesitant to enter the market. Offer Over Asking Sellers often price their homes aggressively to incite bidding wars. Real estate is a long game.

Inspection 74

Inspection Buyers Sellers Real Estate 74

Birmingham Appraisal

FEBRUARY 6, 2024

More sales in the lower price bracket may indicate a decline in prices and more in the upper range may indicate an increase. This information can be used to advise sellers on how to price in this situation. In a seller’s market, where there are more buyers than available homes, prices might be higher.

Inventory 85

Inventory Real Estate Sellers Buyers 85

Listing Spark

JUNE 7, 2024

These steeper interest rates make it harder to buy homes and place them in the right bracket for easy flips. That bodes well for sellers who purchased their homes in the past, but that’s not an ideal strategy for flippers. In 2022, 8.4% House Prices Are High—But Flat In Texas, house prices are still very high.

Investors 69

Investors Modernization Real Estate Tools 69

Lamacchia Realty

FEBRUARY 22, 2023

2022 started with low inventory and high competition as predicted , but by April rates began their ascent and the market began its shift. Since then, as rates and inflation have continued to influence consumer sentiment and spending, inventory has remained low as sellers hesitate to dive into the market. Real estate is a long game.

Inspection 41

Inspection Buyers Sellers Bracketing 41

Houston Properties

JANUARY 13, 2021

Avoid 9 Costly Mistakes Sellers Make. For certain parts of the economy, usually in the upper-income brackets, they didn’t carry a lot of debt and they couldn’t go out to spend their money. We believe the bill won’t come due in 2021 and potentially not in 2022 either. 2020 ended favoring sellers. Need To Sell? Jones, PhD.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Housing Wire

NOVEMBER 22, 2024

In fact, since January of 2022, we have not witnessed one month of data to show existing home sales are not declining. And housing starts didn’t return to 2001 levels until 2022. If one would normally pay 20% based upon their tax bracket, they will pay 10% instead. This could be a huge win-win-win (country, seller, buyer).

Marketing 468

Marketing Investors Investing Housing Market 468

Housing Wire

DECEMBER 26, 2022

Many in the title insurance industry reported record years in 2021, but while experts were predicting things to slow down in 2022, the suddenness at which the market cooled was unexpected, or as Jodi Ketchersid, a Destin, Florida-based Corcoran Group agent said: “It was like, ‘Holy cow! It was too darn hot: the housing market slows down.

Insurance 505

Insurance Bracketing Legal Business 505