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HousingWire Daily
Anthony Lamacchia on the state of the housing market
Nov 12, 2024
In this discussion, Anthony Lamacchia, the Founder and CEO of Lamacchia Companies and Lamacchia Realty, dives into the current challenges of the housing market one year post-Sitzer/Burnett verdict. He emphasizes the industry's unhealthy obsession with mortgage rates and how this influences buyer behavior. Lamacchia also highlights the evolving dynamics between buyers and sellers and discusses how political campaigns can affect housing strategies, including innovative ideas to address zoning regulations for affordable housing.
23:34
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Quick takeaways
- Despite ongoing market challenges, buyer demand for realtors remains strong, showcasing resilience within the housing market post-Sitzer/Burnett verdict.
- Increased agent training and the implementation of buyer agency agreements reflect a shift towards professionalism and transparency in real estate transactions.
Deep dives
Market Resilience Post-Sitzer Burnett Verdict
Despite the uncertainty following the Sitzer Burnett trial, the real estate market has not experienced a significant downturn. Buyers continue to express a strong desire to work with realtors, with very few instances of pushback against paying buyer's agents. The overall sentiment indicates that the fundamental dynamics of buying and selling have remained constant, countering negative media narratives. Anthony Lamacchia reports that his company is on track to sell around 5,000 homes this year, showcasing that realtors are still a key component of the home-buying process.
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