Lamacchia Realty

OCTOBER 25, 2023

Now, a year and a half later, with rates up to 8%, buyer affordability is significantly diminished. Coming from the frenzied pandemic market where inventory was at historically low levels , sellers are holding the line and buyers are still the ones competing in this market. In the graphic to the right, you can see this more clearly.

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Bracketing Marketing Sellers Buyers 74

Lamacchia Realty

JUNE 21, 2022

Now, months later, with rates up nearly 100% from the start of the year- January mortgage rates were hovering in the low to mid 3’s and this week reached 6.28%- diminished buyer affordability is causing a big downshift in demand. Rising prices weren’t favorable but with historically low mortgage rates , they were still affordable for buyers.

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Housing Market Bracketing Marketing Sellers 69

Lamacchia Realty

AUGUST 3, 2021

Though there were several months through winter and spring that it never seemed possible this year, the market is slowly beginning to be less competitive for buyers. But if the home has been available long enough, it’s time to consider adjusting the list price to gain more visibility from more potential buyers.

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Bracketing Sellers Buyers Inventory 69

Lamacchia Realty

MARCH 26, 2024

Elevated condo association and special assessment fees present an additional financial burden for condo owners, deterring potential buyers unless the purchase price is reduced sufficiently to offset the higher ongoing monthly costs. Source Inventory rises when more sellers are listing than buyers are buying.

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Bracketing HOA Sellers Buyers 73

Birmingham Appraisal

FEBRUARY 20, 2024

Understanding the Role of the Real Estate Appraiser When a home buyer finds a home they would like to purchase and have the need to obtain financing they will work with a lender. Each will determine what features move the needle on value for buyers and this will be reflected in their opinion of value.

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Agents Appraisal Real Estate Agent Bracketing 95

Lamacchia Realty

APRIL 27, 2022

It is suspected that available inventory will start to climb a bit with the rise in mortgage rates nationally, but South Florida may be less impacted, especially for condos, by the rates with so many cash buyers. As mortgage rates increase, housing affordability and securing financing becomes a very real concern for buyers.

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New Listings Bracketing Inventory Realty 68

Birmingham Appraisal

SEPTEMBER 26, 2023

The market area that the property is located in can definatley support the price but does the price truely reflect the market value of that specific property or does it reflect what a super motivated buyer with available funds is willing to pay? For buyers, it could mean a potential bargain. There is a difference.

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Real Estate Agent Real Estate Clients Agents 94

Lamacchia Realty

JANUARY 10, 2022

In this ultra-competitive market, buyers need to do all they can to make the strongest offer when the right house becomes available. The first line of defense is hiring an experienced REALTOR® who is an expert at handling the complexities of multiple offers. The tricky part is figuring out how much over asking price. 5% down payment.

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Sellers Inspection Buyers Bracketing 74

Lamacchia Realty

MARCH 12, 2024

The first line of defense is hiring a REALTOR® who is experienced in handling the complexities of multiple offers in this adjusting market with higher rates. Compose a Personal Letter While the actual terms of an offer are ultimately most important, sellers often want to know more about why a buyer wants to purchase their home.

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Inspection Buyers Sellers Real Estate 74

Cornerstone

MARCH 3, 2021

Economic Outlook from the National Association of REALTORS® (NAR) shows that existing home prices in the U.S. The goal of pricing your home to sell is to enhance visibility and attract more buyers. It may actually repel potential buyers. Multiple buyers may bid on your home instead — potentially driving up its sale price.

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Sellers Bracketing Inventory Buyers 59

Birmingham Appraisal

FEBRUARY 6, 2024

The Alabama Center for Real Estate provides helpful charts and statistics from data it gets from The Alabama Association of Realtors. More sales in the lower price bracket may indicate a decline in prices and more in the upper range may indicate an increase. Your market may have other sources of market data as well.

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Inventory Real Estate Sellers Buyers 85

Birmingham Appraisal

NOVEMBER 14, 2023

Agents are looking out for the best interests of their clients and always want to sell their houses for the highest amount possible, however, unless a buyer is paying cash and does not need financing they will need to obtain an appraisal. If you have any questions feel free to contact me, I’d be glad to speak with you.

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Market Value Agents Appraisal Bracketing 94

Lamacchia Realty

MAY 26, 2022

However, South Florida may be less impacted, especially for condos, by the rates compared to other regions with so many cash buyers in the market. The rise in mortgage rates will inevitably lead to a moderation of price increases given that less buyers will be in the market (i.e., Data provided by Florida Realtors® SunStats.

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New Listings Bracketing Inventory Realty 36

Lamacchia Realty

FEBRUARY 22, 2023

This stalemate has maintained low inventory and competition among buyers for what is available on the market. Buyers need to do all they can to make the strongest offer when the right house becomes available. Compose a Personal Letter Sellers are often more likely to choose a buyer with whom they feel comfortable.

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Inspection Buyers Sellers Bracketing 41

Listing Spark

MARCH 18, 2024

Buyers’ agents use this database to search for properties on behalf of their clients, and public-facing websites like Trulia display listing details to prospective homebuyers. Here’s why it matters so much: Many agents and prospective buyers search by price. If you overprice your home, selling it will take longer.

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Modernization Tools Open Houses Real Estate 36

Houston Properties

JANUARY 13, 2021

This highlights the importance of Avoiding the 9 Most Common Mistakes Buyers Make. Buyers Beware? Top Ranked Realtors: Paige Martin & The Houston Properties Team. 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.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Housing Wire

JANUARY 23, 2025

Morgan Private Bank and the National Association of Realtors (NAR). Home sales in the “upper brackets” of the market reportedly perform better than average-priced homes. The report found that international buyers acquired 54,300 homes totaling $42 billion during the year ending in 2024. inventory levels stabilize.

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Real Estate Marketing Bracketing Investors 417

Housing Wire

NOVEMBER 22, 2024

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). Today, it is $404,500, per the National Association of REALTORS. And increased inventory at lower price points promotes a balanced market with price stability for the buyer.

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Marketing Investors Investing Housing Market 468