Appraisal Buzz

OCTOBER 8, 2024

Across these 50 metro areas, the vacancy rate increased somewhat from 7.22% in 2022 to 7.37% in 2023. In 2023, there were just under 600,000 unoccupied housing units in these three metro areas. If the housing market were simplified, there would probably be a significant inverse link between rent and home prices and vacancy rates.

Home Value 418

Home Value Housing Market Marketing Investors 418

Appraisal Buzz

SEPTEMBER 17, 2024

Recent dips in mortgage rates, which have fallen to the lowest level since early 2023, have significantly reduced monthly payments. According to the latest Primary Mortgage Market Survey (PMMS) from Freddie Mac, the 30-year fixed-rate mortgage (FRM) dropped last week to its lowest level since February 2023, coming in at 6.20%.

Buyers 418

Buyers Home Value Insurance Mortgage 418

Appraisal Buzz

OCTOBER 3, 2024

Following the Federal Reserve ‘s 50 basis point reduction in the jumbo rate in September, mortgage rates significant fell to a 24-month low, prompting sellers to move. The Realtor.com 2024 September Housing Report states that actively listed properties increased by 34.0%, while newly listed homes increased by 11.6% fall in August 2024.

Marketing 418

Marketing New Listings Sellers Advertising 418

Housing Wire

NOVEMBER 1, 2023

In metros across the country, decade after decade, pre-internet and post-internet, buyer agents almost always get 2-3% of the sale price, paid by the seller, the researchers note. and relied on salaried agents rather than commission-paid agents, who typically cost sellers 5-6%. One of the researchers, Will Fried, had a hunch.

Clients 458

Clients Agents Buyers Sellers 458

Appraisal Buzz

SEPTEMBER 5, 2024

elementor-widget-text-editor.elementor-drop-cap-letter{display:inline-block} The latest Fannie Mae Home Price Expectations Survey (HPES) , produced in partnership with Pulsenomics, examining third quarter 2024 data, has found that following home price growth of 6.0% in 2023, an annual national home price growth of 4.7%

Construction 459

Construction Inventory Housing Market Contracts 459

Appraisal Buzz

JULY 25, 2024

Home Sales Report , typical single-family home and condo sales in the U.S. for home sellers. The increase in price did contribute to sellers’ average raw earnings of more than $130,000. in Q2 of 2023 to 45.3% years in 2023’s second quarter. According to ATTOM’s second-quarter 2024 U.S.

Investing 418

Investing Sellers Marketing Home Value 418

Housing Wire

JANUARY 2, 2023

With the Federal Reserve expected to continue increasing interest rates in 2023, albeit at a slower pace, Lazzara said he expects the decline in home price growth to continue. “As San Francisco and Seattle peaked in May 2022, and both have declined by more than -10% since then.”.

Home Value 407

Home Value Housing Market Contracts Sellers 407

Housing Wire

FEBRUARY 6, 2023

“On the surface, it may seem the market has been stirred by a full point decline in interest rates and home prices coming off their peaks – but it’s not that simple,” Graboske said. December did see home values post their sixth consecutive monthly decline, and prices at the national level are now 5.3%

Inventory 397

Inventory Mortgage New Listings Home Value 397

Housing Wire

MAY 24, 2023

This homebuying season – and year-round – industry professionals must do their part to ensure home buyers understand the threat of real estate wire fraud and how they can protect themselves. As home values rise, so do the loss amounts from these scams. billion in reported losses in 2022.

Real Estate 386

Real Estate Buyers Real Estate Agent Sellers 386

Appraisal Buzz

DECEMBER 30, 2024

To be specific, the typical rate for a 30-year fixed-rate mortgage fell from 7.79% in October 2023 to 6.12% in October 2024. When fewer houses are available, buyers are willing to pay more, and sellers have more leverage to up their asking price. Simply putlow inventory leads to higher home prices. Is It a Sellers Market?

Housing Market 293

Housing Market Marketing Inventory Real Estate 293

Appraisal Buzz

SEPTEMBER 10, 2024

During this week, Realtor.com found that buyers could save in excess of $14,000 compared to summer’s peak price on the median priced home and could see as much as 37% more inventory than at the start of the year. home value is presently $362,481, up 3.3% According to Zillow , the average U.S. over the past year.

Inventory 397

Inventory Buyers New Listings Marketing 397

Housing Wire

DECEMBER 5, 2022

In fact, even though the MBA just lowered its forecast for 2023, the forecasted volume will still make next year one of the best mortgage years in the last 20 years. The media and hyperbole are scaring potential homebuyers to the sidelines, but betting on home values is one of the greatest bets someone can make.

Housing Market 523

Housing Market Marketing Supply Chain Mortgage 523

Housing Wire

DECEMBER 1, 2022

Following dampened activity from buyers, sellers provided increased concessions, such as temporary rate buydowns or paying closing costs to complete sales, the report noted. ” In the Dallas district, housing outlooks worsened, with those interviewed expecting “further erosion in sales and home starts in the near term.”

Housing Market 337

Housing Market Marketing Construction Inventory 337

Appraisal Buzz

JUNE 24, 2024

Even during a period when home values are typically at their lowest, many prospective first-time buyers were unable to reach their long-term financial goal of becoming homeowners in Q1, according to the Q1 2024 First-Time Home Buyer Affordability Report from Nerdwallet. times potential first-time buyer income) Detroit (2.9)

Buyers 273

Buyers Advertising Inventory Home Value 273

Empire Appraisal Group

JULY 13, 2023

s Fastest Rising Home Values? Home values near a S. MIAMI – Home values for properties near South Florida’s expanding rapid transit rail system are appreciating faster than other homes in the region. Source: Wall Street Journal (05/23/23) Acosta, Deborah © Copyright 2023 INFORMATION INC.,

Home Value 78

Home Value Transportation Training Development 78

Lamacchia Realty

APRIL 17, 2024

Do Wood Floors Increase Home Value? If you’re thinking about selling your house, one upgrade that can increase your home’s resale value is hardwood flooring. Potential home buyers may be looking for that extra bit of charm that wood floors offer. appeared first on Lamacchia Realty.

Home Value 59

Home Value Buyers Realtors Realty 59

Housing Wire

JULY 25, 2023

The number of property insurance lawsuits in the state skyrocketed – in 2023 alone, the state is on track to have more than 130,000 property policy lawsuits, accounting for 79% of all property insurance lawsuits filed nationwide. times their hourly billing rate should the court rule in favor of the policy holder.

Insurance 356

Insurance Housing Market Marketing Agents 356

Housing Wire

JULY 25, 2022

Freddie Mac projects that home-price growth will average 12.8% in 2022 but will drop to 4% in 2023. By comparison, home-price growth was 17.8% trillion 2023, down from $4.8 In fact, Coronado said for some markets that have experience rapid home-price appreciation, a decline in home values may benefit the overall market.

Housing Market 418

Housing Market Marketing Supply Chain Real Estate 418

Lamacchia Realty

JUNE 20, 2023

May 2023 massachusetts housing report May Highlights MASSACHUSETTS Combined Home Sales Down 24.6% year over year, with May 2023 at 5,994 compared to 7,950 last May. 2023: 7,571 2022: 9,417 2021: 10,161 Price Reductions: The number of price reductions is down 32.6% Combined sales are down 24.6% when compared to May 2022.

Sellers 58

Sellers Real Estate Realty Home Value 58

Lamacchia Realty

MARCH 28, 2023

February 2023 massachusetts housing report February Highlights The Massachusetts housing market is beginning to pick up as we head further into the year, but home sales are still down significantly in February compared to this time last year. Also, we are starting to see more sellers list their homes (i.e.,

Sellers 62

Sellers Inventory Buyers Real Estate 62

Lamacchia Realty

SEPTEMBER 22, 2023

AUGUST 2023 massachusetts housing report August Highlights INSERT BLURB HERE MASSACHUSETTS Combined Home Sales Down 22.4% year over year, with August 2023 at 6,833 compared to 8,809 last August. 2023: 5,974 2022: 7,609 2021: 8,995 Price Reductions: The number of price reductions is down 26.5% Combined sales are down 22.4%

Real Estate 56

Real Estate Sellers Realty Home Value 56

Lamacchia Realty

NOVEMBER 29, 2022

2023 Loan Limits Increase by $79,000. FHFA announced today that the conforming loan limits (CLLs) will rise by $79,000 from $647,200 in 2022 to $726,200 in 2023 for single-family/one-unit properties. 2023 Loan Limits Increase by $79,000. The article addresses the new mortgage limits for 2023, which were. Seller Resources.

Real Estate Agent 62

Real Estate Agent Realty Home Value Buyers 62

Lamacchia Realty

FEBRUARY 22, 2023

January 2023 New England housing reports Massachusetts – New Hampshire – Connecticut January Home Sales Down Nearly 36% in Northeast “We are experiencing a classic economic overcorrection in the housing sector with respect to the number of sales. Most will either renovate or expand their homes rather than sell.

Real Estate 64

Real Estate Sellers Contracts Buyers 64

Housing Wire

APRIL 27, 2023

Last year, there were a total of 15 securitization deals involving large institutional SFR players valued in total at $10.3 This year, so far, there has been one offering, a $343 million securitization deal by Progress Residential (Progress 2023-SFR1) that closed in late February, KBRA data show.

Renovations 314

Renovations Investing Real Estate Marketing 314

Lamacchia Realty

SEPTEMBER 22, 2023

AUGUST 2023 connecticut housing report August Highlights INSERT BLURB HERE CONNECTICUT Combined Home Sales Down 22.2% year over year, with August 2023 at 3,573 compared to 4,590 last July. Single families: 3,632 (2022) | 2,781 (2023) Condominiums: 958 (2022) | 792 (2023) Combined average prices have increased by 10.8%

Real Estate 53

Real Estate Sellers Realty Home Value 53

Lamacchia Realty

NOVEMBER 27, 2023

october 2023 massachusetts housing report MASSACHUSETTS Home Sales Down, Average Prices Up Home sales are down 14.3% year over year, with October 2023 at 5,613 compared to 6,553 last October. 2023: 6,586 2022: 6,585 2021: 8,136 Pending Home Sales: The number of homes placed under contract is down by 6.3%

Sellers 58

Sellers Real Estate Buyers Inventory 58

Lamacchia Realty

JUNE 23, 2023

May 2023 south florida housing report May Highlights SOUTH FLORIDA Broward County In May of 2023, Broward County single-family and condo/townhome saw decreases in all categories. Miami-Dade County In May of 2023, Miami-Dade single-family and condo/townhome saw decreases in all categories.

Real Estate 54

Real Estate Sellers New Listings Realty 54

Lamacchia Realty

SEPTEMBER 22, 2023

AUGUST 2023 new hampshire housing report August Highlights INSERT BLURB HERE NEW HAMPSHIRE Combined Home Sales Down 20.4% year over year, with August 2023 at 1,773 compared to 2,228 last August. Combined sales are down 20.4% Sales are down across all categories. when compared to last August , now at $544,508.

Real Estate 53

Real Estate Sellers Realty Home Value 53

Lamacchia Realty

APRIL 24, 2023

MARCH 2023 massachusetts housing report March Highlights Tune in to Anthony's Quarterly Market Update Thursday, April 27th! In Q1 2023, the number of homes listed in Massachusetts was the lowest in recorded history. This stat is not due to a lack of buyers, but rather a lack of sellers as many are hesitating to list their homes.

Sellers 56

Sellers Buyers Inventory Real Estate 56

Lamacchia Realty

MAY 22, 2023

April 2023 massachusetts housing report April Highlights MASSACHUSETTS Home Sales Down 28.4% year over year, with April 2023 at 4,779 compared to 6,670 last April. 2023: 6,178 2022: 8,170 2021: 9,335 Price Reductions: The number of price reductions is down 41.5% Sellers, pricing your home right is crucial in this market.

Sellers 51

Sellers Real Estate Realty Home Value 51

Lamacchia Realty

JUNE 20, 2023

May 2023 connecticut housing report May Highlights CONNECTICUT Combined Home Sales Down 23.7% year over year, with May 2023 at 2,936 compared to 3,848 last May. Single families: 2,958 (2022) | 2,271 (2023) Condominiums: 890 (2022) | 665 (2023) Combined average prices have increased by 11.1%

Real Estate 50

Real Estate Sellers Realty Home Value 50

Lamacchia Realty

OCTOBER 19, 2023

SEPTEMBER 2023 connecticut housing report CONNECTICUT Home Sales Down, Average Prices Up Home sales are down 22.2% year over year, with September 2023 at 3,119 compared to 4,011 last September. Single families: 3,140 (2022) | 2,394 (2023) Condominiums: 871 (2022) | 725 (2023) Average sales price has increased by 5.7%

Sellers 53

Sellers Real Estate Buyers Realty 53

Lamacchia Realty

OCTOBER 19, 2023

SEPTEMBER 2023 massachusetts housing report MASSACHUSETTS Home Sales Down, Average Prices Up Home sales are down 22.4% year over year, with September 2023 at 5,791 compared to 7,466 last September. 2023: 5,566 2022: 6,542 2021: 8,936 Price Reductions: The number of price reductions is down 35.3%

Sellers 53

Sellers Real Estate Buyers Realty 53

Lamacchia Realty

DECEMBER 19, 2023

NOVEMBER 2023 massachusetts housing report MASSACHUSETTS Home Sales Down, Average Prices Up Home sales are down 11.2% year over year, with November 2023 at 5,397 compared to 6,078 last November. 2023: 4,691 2022: 5,333 2021: 7,485 Price Reductions: The number of price reductions is down 4% when compared to November 2022.

Real Estate 56

Real Estate Sellers Buyers Realtors 56

Lamacchia Realty

APRIL 24, 2023

March 2023 new hampshire housing report March Highlights Tune in to Anthony's Quarterly Market Update Thursday, April 27th! Listings in New Hampshire are down significantly year over year as many sellers are hesitating to list their homes. However, listing your home NOW could get you the most money ! Sales are down 18.2%

Sellers 55

Sellers Buyers Inventory Real Estate 55

Lamacchia Realty

SEPTEMBER 22, 2023

AUGUST 2023 south florida housing report August Highlights INSERT BLURB HERE SOUTH FLORIDA Broward County In August of 2023, Broward County single-family homes and condos/townhomes saw decreases in most categories, except the average price for single families rose 7.2% compared to August 2022.

New Listings 52

New Listings Real Estate Sellers Realty 52

Listing Spark

SEPTEMBER 25, 2023

From late summer of 2022 to now, the Texas real estate market has experienced one of the most unpredictable corrections in recent history, leaving a lot of home-buyers and sellers scratching their heads and trying to make sense of what is going on. The big twist? A sharp increase in interest rates.

Real Estate 69

Real Estate Sellers New Listings Inventory 69