Appraisal Buzz

SEPTEMBER 10, 2024

With mortgage rates on the decline and housing supply ramping up, affordability is on the rise for many, Realtor.com’s latest market analysis found that much anticipated market relief is on the way, and many potential buyers are stepping off the sidelines. home value is presently $362,481, up 3.3% over the past year.

Inventory 397

Inventory Buyers New Listings Marketing 397

Appraisal Buzz

AUGUST 27, 2024

In a new analysis by Redfin , 85.7% homeowners with mortgages have an interest rate below 6%, down from 90.6% of homeowners with mortgages have a rate below the current weekly average of 6.46%, prompting many to stay put instead of selling and buying another home at a higher rate—a phenomenon called the “lock-in effect.”

Real Estate Agent 243

Real Estate Agent New Listings Home Value Mortgage 243

Housing Wire

FEBRUARY 6, 2023

Home prices growth and mortgage rates have come down from the peaks in 2022, but affordability still remains a challenge. Purchase borrowers, who now make up 82% of new rate locks, paid an average of 1.16 For those looking to pull cash out of their homes, the cost was nearly twice that, with an average of 2.06

Inventory 397

Inventory Mortgage New Listings Home Value 397

Housing Wire

JULY 29, 2022

metropolitan areas in February 2022, based on year-over-year growth in median listing price according to the residential real estate listing website, Realtor.com. The table also reports the year-over-year percent change in new listings for each market. Table 1, below, reports the 10 hottest U.S. Bellingham, WA 51.7% -8.3%

Housing Market 433

Housing Market Sellers Marketing New Listings 433

Housing Wire

JULY 28, 2023

High mortgages and stubbornly elevated home prices are worsening the housing affordability crisis. starter” home, up 13% from a year ago, according to a new report from Redfin. In June, the typical starter home sold for a record $243,000, up 2.1% In June, the typical starter home sold for a record $243,000, up 2.1%

Buyers 370

Buyers Housing Market Investors Real Estate 370

Housing Wire

NOVEMBER 18, 2022

Existing home sales last month declined 5.9% That’s the largest year over year existing home sales decrease since 2007. More potential homebuyers were squeezed out from qualifying for a mortgage in October as mortgage rates climbed higher,” National Association of Realtors Chief Economist Lawrence Yun said in a statement.

Housing Market 443

Housing Market Marketing Inventory New Listings 443

Appraisal Buzz

JULY 1, 2024

Home prices increased again this March beyond the typical seasonal uptick, despite mortgage rates reaching this year’s high and the affordability crunch continuing to keep many prospective buyers on the sidelines,” said Dr. Selma Hepp, Chief Economist for CoreLogic. Examining appreciation at the metro level reflects regional patterns.

Housing Market 418

Housing Market Inventory Real Estate Marketing 418

Lamacchia Realty

DECEMBER 21, 2023

november 2023 south florida housing report Broward County In November of 2023, Broward County single-family homes as well as c ondos/townhomes saw decreases in closed sales and pending sales, but increases in average price and new listings. An increase in active inventory as well as new listings is great news for buyers!

New Listings 69

New Listings Real Estate Inventory Sellers 69

Lamacchia Realty

OCTOBER 25, 2024

Following along with national housing market trends for the month, Connecticut saw a decrease in home sales and increases in sales price when compared to this time last year. The market is showing signs of rebalancing as new listings increase and overall sales slow down. in September and remained within the 6.1%

Sellers 73

Sellers Real Estate Buyers Inventory 73

Lamacchia Realty

SEPTEMBER 25, 2024

Maine experienced an increase in sales across all categories, along with an increase in new listings. Buyers, as we enter the fall market, it is expected that buyer competition will decrease, making now the best time to purchase a home. There were minimal fluctuations in mortgage rates in the month of August.

Real Estate 74

Real Estate Sellers Buyers New Listings 74

Lamacchia Realty

OCTOBER 25, 2024

Following along with national housing market trends for the month, Rhode Island saw a decrease in home sales and quite a large percentage increase in sales price when compared to this time last year. The market is showing signs of rebalancing as new listings increase and overall sales begin to slow down.

Sellers 74

Sellers Real Estate Buyers Inventory 74

Lamacchia Realty

NOVEMBER 27, 2023

october 2023 south florida housing report Broward County In October of 2023, Broward County single-family homes saw a decrease in closed sales, but increases in new listings, pending sales, and average price. Condos/townhomes saw increases in average price and new listings but decreases in pending and closed sales.

New Listings 73

New Listings Sellers Real Estate Inventory 73

Lamacchia Realty

OCTOBER 25, 2024

Following along with national housing market trends for the month, Massachusetts saw a decrease in home sales and an increase in sales price when compared to this time last year. The market is showing signs of rebalancing as new listings increase and overall sales slow down. in September and remained within the 6.1%

Sellers 74

Sellers Real Estate Buyers Inventory 74

Housing Wire

JULY 25, 2022

The Fannie Mae report projects “strong deceleration in home-price growth going forward” due to higher mortgage rates and the overall slowing economy affecting purchase demand. Although house-price appreciation will grow at a more moderate rate, home prices [still] remain high relative to homebuyer incomes. The Beige Book.

Housing Market 418

Housing Market Marketing Supply Chain Real Estate 418

Lamacchia Realty

AUGUST 25, 2023

JULY 2023 south florida housing report July Highlights Mortgage rates and limited inventory continue to be the driving factors behind today’s real estate market data – specifically sticking out when looking at home sales and new listings which are both down across all counties and categories in South Florida.

Inventory 69

Inventory New Listings Real Estate Sellers 69

Lamacchia Realty

OCTOBER 20, 2023

September 2023 south florida housing report Broward County In September of 2023, Broward County single-family homes saw decreases in new listings and pending sales but increases in closed sales and average price. increase in new listings compared to September 2022. Mortgage rates already hit 8% in mid-October.

New Listings 69

New Listings Real Estate Sellers Inventory 69

Lamacchia Realty

MARCH 28, 2023

February 2023 south florida housing report February Highlights Single family homes sales are significantly down again in Broward, Miami-Dade and Palm Beach counties in February compared to this time last year. Sellers, the sooner you put your home on the market, the more it will sell for ! Buyers, falling mortgage rates is good news!

New Listings 69

New Listings Sellers HOA Buyers 69

Lamacchia Realty

DECEMBER 19, 2023

The number of homes listed increased by 5.7% Mortgage rates in November fell from the October highs, coming down to the low 7s towards the end of the month, per Mortgage News Daily. In fact, Hartford, CT saw the largest year-over-year increase in home prices amongst the 50 largest U.S. What’s next?

Real Estate 74

Real Estate Sellers Home Value Buyers 74

Lamacchia Realty

JANUARY 24, 2024

December 2023 south florida housing report Broward County In December of 2023, Broward County single-family homes saw no changes in the number of homes sold, increases in average price, and new listings, but a decrease in pending sales. Instant Home Evaluation See immediately how this market is impacting your home value.

New Listings 36

New Listings Sellers Real Estate Buyers 36

Lamacchia Realty

JULY 29, 2024

The Connecticut housing market experienced trends consistent with other New England states in that sales decreased, and prices increased when compared to the first six months of 2023 which also saw sales declines from the previous year due to the adjusting market and rising mortgage rates and inflation. Prices Increase 9.9%

Inventory 74

Inventory Sellers Buyers Real Estate 74

Will Springer Realtor

JANUARY 9, 2024

The past year witnessed a financial rollercoaster, with interest rates fluctuating between 5.99% and 8.03% for conventional 30-year mortgages, according to Mortgage News Daily. Treasurys and mortgage-backed securities. At the same time, many homeowners are sitting comfortably with low mortgage rates.

Mortgage 36

Mortgage Real Estate Law Lending 36

Lamacchia Realty

DECEMBER 19, 2023

The number of homes listed increased by 7.3% Mortgage rates in November fell from the October highs, coming down to the low 7s towards the end of the month, per Mortgage News Daily. Make sure you are staying prepared with updated preapprovals and informed regarding your different mortgage options.

Real Estate 74

Real Estate Sellers Buyers Realtors 74

Lamacchia Realty

JULY 25, 2023

In fact, the number of homes listed in the first half of the year is the lowest in recorded history, click here to learn more. Many potential sellers are hesitating to list their homes to avoid losing their 2-3% pandemic-era mortgage rate. downsizing, growing families, career changes, divorce , etc.).

Sellers 69

Sellers Buyers Real Estate Inventory 69

Listing Spark

SEPTEMBER 25, 2023

A Dip in New Mortgages With interest rates soaring to unexpected heights, many prospective homebuyers have taken a step back from applying for new mortgages. Many have been caught off guard by the spike in rates and are cautiously waiting and hoping for home values to become more affordable.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Listing Spark

MARCH 9, 2023

Episode Summary Aaron Jistel gives an update on the Texas Real Estate Market in Q1 2023 and recaps the 2022 market noting that it had been affected by a sudden increase in mortgage rates, with sales and home values declining. Things are starting to look up in 2023 with a break in mortgage rates. [00:05:15]-[00:05:31]

Real Estate 28

Real Estate Marketing Sellers Home Value 28

Listing Spark

JANUARY 12, 2023

Sales were down 25% in Austin, Texas compared to 2021, and values are likely to continue decreasing in 2023. Price drops are becoming more normal, and we can expect home values to decrease by 10-15% on average across major markets. Builders will continue to target first-time home buyers with incentives. Episode Links.

Real Estate 36

Real Estate Marketing Home Value Inventory 36

Raleigh Realty

JULY 12, 2022

As supply chain issues cause construction material prices to soar, buyers are more likely to consider purchasing a resale home vs. a new construction home. 4,840 new apartments were constructed in Raleigh throughout 2021. Triangle MLS) The average resale home in Wake County spent 6 days on the market in April 2022.

Real Estate 78

Real Estate Supply Chain Construction Home Value 78

Will Springer Realtor

NOVEMBER 9, 2022

and jump in mortgage rates of 4 percentage points has created a housing market belly flop. Among all home types in King, new listings have fallen 26% in the past month and existing homes for sale at the start of November were down 8.1% But the number of new listings in the county is down 18% in the same period.

New Listings 36

New Listings Housing Market Inventory Buyers 36

Listing Spark

FEBRUARY 7, 2024

On the heels of the largest run up in home values in recorded history, we saw an abrupt and heavy shift that’s been challenging to grapple with for sellers and buyers. It was an inevitable end to arguably the greatest run-up in home values in history. National mortgage originations closed the year at less than $1.5

Real Estate 36

Real Estate Sellers Home Value Inventory 36

Listing Spark

OCTOBER 13, 2022

In August, the median home value in the greater Austin metropolitan area was $496,000 and that’s up 5%. New listings are down 6%, so there are less homes coming onto the market than there were this time last year. Nationally active listings are up 26.9%. And housing prices are still up! “In

Housing Market 36

Housing Market Real Estate Marketing Buyers 36

Will Springer Realtor

AUGUST 11, 2023

If finding a home isn’t enough of a challenge, affording one can make the purchase experience doubly “exciting.” NAR’s Housing Affordability Index is a good measure of whether a household earns enough to qualify for a mortgage on a typical home. income can qualify for financing on a median-priced home.

Buyers 36

Buyers Development Construction New Listings 36

Will Springer Realtor

AUGUST 9, 2022

RECESSIONS AND MORTGAGE RATES Recent data and the traditional definition show we are now in a recession even though there is debate among economic and political folks. this chart shows, each time the economy slowed significantly, mortgage rates declined. In fact, rates have fallen by an average of 1.1 Everett claimed the No.

Inventory 36

Inventory Buyers New Listings Construction 36

Will Springer Realtor

OCTOBER 8, 2021

They wonder if they missed their opportunity to buy before interest rates rise along with home values. The Federal Reserve, which has been buying mortgage-related securities for more than a year to artificially keep interest rates low, has signaled a desire to taper its bulk purchases within the next month or so. 1 vs. Sept.

Real Estate 36

Real Estate Buyers Inventory Housing Market 36