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Real Estate Agents Weigh in on Impact of NAR Settlement

Appraisal Buzz

A History of Policy Change In mid-March of this year, NAR announced an agreement to resolve litigation over broker commission claims asserted on behalf of home sellers. Traditionally, sellers paid the buyer’s agent commission as well as their own agent’s commission.

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The complete guide to selling rental property in 2022

Housing Wire

If the renter doesn’t qualify for financing and/or doesn’t have a large down payment, you can offer seller financing. Roofstock Marketplace is a platform that brings together investors, both buyers, and sellers, who want to buy or sell property with tenants. This keeps you involved in the investment, but you’re on your way out.

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Pending Sales for Starter Homes Up by Double Digits 

Appraisal Buzz

year-over-year to the highest level since October 2022, per a new report from Redfin. More buyers means more sales, but so far we aren’t seeing prices skyrocket, because the rising number of homes hitting the market is enough to satisfy the increased demand—a positive outcome for both buyers and sellers.” and 3.4%, respectively.

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Price Adjustments and the 2024 Market

Lamacchia Realty

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.

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March 2022 South Florida Housing Report

Lamacchia Realty

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 March 2022 compared to March 2021. Seller Resources. Miami-Dade & Palm Beach Counties.

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Price Adjustments in Florida Rise Rapidly

Lamacchia Realty

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.

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Price Adjustments and the 2023 Market

Lamacchia Realty

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.