Appraisal Buzz

SEPTEMBER 10, 2024

Realtor.com’s Sixth Annual “ Best Time to Buy Report ” examined listing prices, inventory levels, new “fresh” listings, time on market, homebuyer demand, and price reductions, revealing that the “Best Time to Buy” in 2024 will be the week of September 29-October 5. home value is presently $362,481, up 3.3% over the past year.

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Inventory Buyers New Listings Marketing 397

Housing Wire

APRIL 15, 2024

Home prices are surging in major U.S. metros, with coastal California cities and Seattle leading the charge in monthly home value growth, according to Zillow’s newest market report. These metros also continue to grapple with below-average inventory recovery, maintaining pressure on buyers.

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Housing Market Inventory Buyers New Listings 435

Appraisal Buzz

SEPTEMBER 17, 2024

home value currently stands at $361,282, up 2.9% This analysis shows homeownership may be more within reach than most renters think,” said Zillow Home Loans Senior Economist Orphe Divounguy. With inventory up 22% compared to a year ago, buyers are gaining bargaining power. According to Zillow , the average U.S.

Buyers 418

Buyers Home Value Insurance Mortgage 418

Housing Wire

OCTOBER 3, 2022

Skyrocketing mortgage rates – now in the 7% range for some buyers – and limited inventory have driven mortgage affordability to its lowest levels since the early 1980s, a reversal from the frenetic boom in buying during 2020 and 2021. Much of that depends on how much inventory returns to the market. months of for-sale inventory to 3.1

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Inventory Home Value Housing Market Mortgage 529

Appraisal Buzz

AUGUST 19, 2024

The record high in home prices—the median sale price nationally increased by 4% in June—has led to a record high in the percentage of American homes valued at $1 million or more. Even though the inventory has lately increased, many homeowners are locked in by low rates, thus it is still roughly 30% below pre-pandemic levels.

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Home Value Luxury Properties Buyers Inspection 390

Appraisal Buzz

SEPTEMBER 5, 2024

The panel’s latest estimates of national home price growth are higher than last quarter’s expectations of 4.3% Terry Loebs , Founder of Pulsenomics, said: “Despite robust home value growth in the first half of 2024, our panelists anticipate a slowdown in price appreciation for the remainder of the year and beyond.

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Construction Inventory Housing Market Contracts 459

Boston Appraisal

JANUARY 18, 2023

The Rise in Interest Rates and How It Affects Buyers and Sellers When the COVID-19 pandemic began in early 2020, the Federal Reserve was quick to act by substantially reducing interest rates, which resulted in many new buyers entering the market to purchase a home at low rates. This affected buyers and sellers.

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Sellers Buyers Home Value Inventory 78

Housing Wire

DECEMBER 13, 2023

While mortgage rates are expected to decrease, high home prices combined with low inventory still pose a challenge for potential homebuyers. “We We don’t expect rates to fall that much in this period and it may not offset rising home prices in hot housing markets.

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Inventory Housing Market Mortgage Law 488

Housing Wire

JANUARY 25, 2023

Inventory What does that mean for housing? Until mortgage rates drop below 5.5%, we can expect low housing supply, which favors sellers. Until then, home values will slowly decline, most assuredly in high-cost areas and in areas of the country that benefited the most from rampant appreciation during the pandemic.

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Housing Market Marketing Inventory Sellers 455

Housing Wire

JUNE 10, 2022

His recent article, “Purchase apps are at 2009 level: where’s the inventory?” takes a deep dive into what the heck is going on with purchase applications, housing demand and inventory levels. This article, for example, asks why, if purchase applications are down to 2009 levels, are inventory levels still so freaking low?

Housing Market 397

Housing Market Inventory Sellers Buyers 397

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

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. The main factor influencing home prices is inventory.

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Buyers Advertising Inventory Home Value 273

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.”

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Housing Market Marketing Construction Inventory 337

Housing Wire

FEBRUARY 4, 2022

Housing entered 2022 riding high on several superlatives: the highest-ever annual price appreciation, the lowest-ever active inventory and the fastest monthly rise in mortgage rates since 2016. Our forecast is for home values to rise 16% from December 2021 to December 2022.

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Housing Market Inventory Home Value Marketing 364

Lamacchia Realty

OCTOBER 25, 2024

This trend is more than just the seasonal slowdown and suggests a shift away from the intense seller’s market, offering buyers more choice and potentially reducing competition. As inventory grows, sellers may need to adjust prices , leading to a more moderate market pace that benefits buyers looking for a better deal.

Sellers 73

Sellers Real Estate Buyers Inventory 73

Housing Wire

APRIL 7, 2021

Inversely, data from Zillow showed for-sale inventory climb the highest in four major real estate markets – Los Angeles, Chicago, San Francisco, and New York. Approximately 80% of those surveyed said they would like to view a virtual home tour and a digital floor plan before buying, if they were shopping for a home.

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Housing Market Marketing Real Estate Technology 545

Housing Wire

FEBRUARY 27, 2024

SmartZip uses predictive analytics to pinpoint likely sellers from 6 to 18 months in advance, offering a huge advantage in today’s low inventory market. Use AI-powered lead generdation to identify high-priority sellers. Access leads immediately — directly in your inbox. Automated marketing: Yes.

Advertising 414

Advertising Real Estate Tools Sellers 414

Lamacchia Realty

OCTOBER 25, 2024

This trend is more than just the seasonal slowdown and suggests a shift away from the intense seller’s market, offering buyers more choice and potentially reducing competition. As inventory grows, sellers may need to adjust prices , leading to a more moderate market pace that benefits buyers looking for more affordability.

Sellers 74

Sellers Real Estate Buyers Inventory 74

Hank Miller Team

JANUARY 25, 2022

Purchase Price The purchase price is the amount the buyer agrees to pay the seller; this tends to support the “it’s worth what a buyer will pay” idea. Conditions of the sale are subject to untold variables – economy, location, condition, inventory, local market, concessions, commissions, time of sale…different day, different price.

Home Value 52

Home Value Market Value Buyers Inventory 52

Lamacchia Realty

OCTOBER 25, 2024

This trend is more than just the seasonal slowdown and suggests a shift away from the intense seller’s market, offering buyers more choice and potentially reducing competition. As inventory grows, sellers may need to adjust prices , leading to a more moderate market pace that benefits buyers looking for a better deal.

Sellers 74

Sellers Real Estate Buyers Inventory 74

Housing Wire

MARCH 9, 2022

This means that a homeowner who purchased a typical single-family existing home 10 years ago at the median sales price of $162,600 is likely to have accumulated $229,400 in housing wealth, with 86% of the wealth gain attributed to price appreciation. in 2010.

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Home Value Realtors Marketing Inventory 468

Lamacchia Realty

OCTOBER 25, 2024

Despite more homes being listed, prices continue to climb, indicating that it remains a seller’s market. As winter approaches, we expect buyer competition may start to slow down, leading to a rise in seller competition, which could potentially cause some price adjustments. in September and remained within the 6.1%

Sellers 74

Sellers Real Estate Buyers Realty 74

Lamacchia Realty

OCTOBER 25, 2024

Despite more homes being listed, prices continue to climb, indicating that it remains a seller’s market. As winter approaches, we expect buyer competition may start to slow down, leading to a rise in seller competition, which could potentially cause some price adjustments. in September and remained within the 6.1%

Sellers 74

Sellers Real Estate Buyers Realty 74

Housing Wire

FEBRUARY 1, 2023

It is really a great tool from a seller perspective to say, ‘Look, we don’t control rates, but what I can offer you is something that will offset this shock in interest rates that has happened here in the last nine or 10 months or so,’” Nunziata said. percentage points of the loan amount,” Nunziata said.

Marketing 435

Marketing Government Mortgage Sellers 435

Housing Wire

APRIL 9, 2021

.” With “Raveis Purchase,” which officially launched earlier this month, WRRE will acquire the home-seller’s property for an initial payment of up to 80% of the current value of the home, which unlocks the majority of the equity and enables the seller to settle any mortgages.

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Brokerage Real Estate Insurance Clients 434

Lamacchia Realty

SEPTEMBER 25, 2024

This situation is leading to more properties being listed, and a decrease in pending sales, which in turn is raising inventory. With inventory rising, and demand decreasing the average selling price of single-family homes and townhomes/condos is experiencing a decline.

Real Estate 74

Real Estate Inventory Sellers Buyers 74

Eppraisal

DECEMBER 9, 2021

It is December and it's still a hot real estate market for sellers. This past year we have experienced an unprecedented lack of real estate inventory available for sale leaving pent-up buyer demand. Buyers lost out on homes because of other buyers and investors paying cash. Sellers should be happy with VA loan buyers.

Sellers 36

Sellers Buyers Home Value Insurance 36

Lamacchia Realty

SEPTEMBER 25, 2024

Sellers , with the trends of mortgage rates and new inventory on the decline, now is a great time to list. Instant Home Evaluation See immediately how this market is impacting your home value. Then, in early September, we saw them drop to the lowest rate since February 2023 at 6.1%.

Real Estate 74

Real Estate Sellers Buyers Housing Market 74

Lamacchia Realty

SEPTEMBER 25, 2024

Sellers , with the trends of mortgage rates and new inventory on the decline, now is a great time to list. Instant Home Evaluation See immediately how this market is impacting your home value. Then, in early September, we saw them drop to the lowest rate since February 2023 at 6.1%.

Real Estate 74

Real Estate Sellers Buyers Housing Market 74

Lamacchia Realty

JULY 29, 2024

Listings have slightly improved in volume so far this year by 1.9%, which contributes to the rise in inventory in CT. As of June 2024, inventory is finally reaching levels higher than last year (yellow line in the graph to the right) after starting the year with the lowest levels since 2017. and multis are up by 17.4%.

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Inventory Sellers Buyers Real Estate 74

Housing Wire

JULY 25, 2022

Several leading housing-market economists also are projecting the deceleration in home prices will continue in near the future as homebuyer demand ebbs — with one economist even predicting that prices will decline in some particularly hot markets across the nation. So, home sales have really gotten completely hammered,” Zandi said.

Housing Market 418

Housing Market Marketing Supply Chain Real Estate 418

Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. “A small offset or decline in home values, which we are starting to see, (…) can help that consumer who’s in the market for the first time,” Brown said.

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Housing Market Marketing Insurance Mortgage 462

Lamacchia Realty

JULY 31, 2024

Learn More About the Springfield, MA Community 2024 Springfield, MA Housing Market Outlook The early part of the year typically favors sellers due to low housing inventory and high buyer demand. This combination often leads to bidding wars and upward pressure on home prices. The number of pending sales decreased by 4.8%

Real Estate 69

Real Estate Buyers Sellers Realty 69

Lamacchia Realty

JULY 30, 2024

Learn More About the Braintree, MA Community 2024 Braintree, MA Housing Market Outlook The early months of the year typically favor sellers due to limited inventory and high buyer competition. This low-supply, high-demand scenario often fuels bidding wars, pushing home prices upward. The number of pending sales decreased by 0.6%

Real Estate 69

Real Estate Buyers Sellers Realty 69

Lamacchia Realty

SEPTEMBER 25, 2024

Sellers , with the trends of mortgage rates and new inventory on the decline, now is a great time to list. Instant Home Evaluation See immediately how this market is impacting your home value. Then, in early September, we saw them drop to the lowest rate since February 2023 at 6.1%.

Real Estate 74

Real Estate Sellers Buyers Housing Market 74

Lamacchia Realty

SEPTEMBER 25, 2024

Sellers , with the trends of mortgage rates and new inventory on the decline, now is a great time to list. Instant Home Evaluation See immediately how this market is impacting your home value. Then, in early September, we saw them drop to the lowest rate since February 2023 at 6.1%.

Real Estate 74

Real Estate Sellers Buyers New Listings 74

Lamacchia Realty

SEPTEMBER 25, 2024

Sellers , with the trends of mortgage rates and new inventory on the decline, now is a great time to list. Instant Home Evaluation See immediately how this market is impacting your home value. Then, in early September, we saw them drop to the lowest rate since February 2023 at 6.1%.

Real Estate 74

Real Estate Sellers Buyers Realty 74