All Posts By themlsblog

Your Journey to Homeownership

By Posted on 1 min read 75 views

When it comes to buying a home, there are a number of key milestones along the way. The process includes everything from building your team and understanding your finances to going house hunting, making an offer, and more. The below infographic captures the 9-step journey. Build your team– Kickstart the process by finding trusted experts to guide you along the way.Check your score– Find out your credit score and work to improve it by …


What Does the Future Hold for Home Prices?

By Posted on 2 min read 336 views

If you’re looking to buy or sell a house, chances are you’ve heard talk about today’s rising home prices. And while this increase in home values is great news for sellers, you may be wondering what the future holds. Will prices continue to rise with time, or should you expect them to fall? To answer that question, let’s first understand a few terms you may be hearing right now. Appreciation is …


111,285 Reasons You Should Buy a Home This Year

By Posted on 2 min read 350 views

The financial benefits of buying a home versus renting one are always up for debate. However, one element of the equation is often ignored – the ability to build wealth as a homeowner. According to the latest research from the National Association of Realtors (NAR): “Homeownership is a key pathway to building wealth and narrowing the racial income and wealth inequality gap. Housing wealth (equity) accumulation takes time and is built …


Early October is the Sweet Spot for Buyers

By Posted on 3 min read 505 views

Are you looking to buy a home? If so, we’ve got good news for you. While there’s no denying the housing market is having a great year, many of the headlines are focused on the perks for sellers. But what about buyers today? As a buyer, you’re likely braving bidding wars and weighing low mortgage rates versus price appreciation as you search for your dream home. If you find yourself a …


Home Price Appreciation Is Skyrocketing in 2021. What About 2022?

By Posted on 2 min read 700 views

One of the major story lines over the last year is how well the residential real estate market performed. One key metric in the spotlight is home price appreciation. According to the latest indices, home prices are skyrocketing this year. Here are the latest percentages showing the year-over-year increase in home price appreciation: The House Price Index (HPI) from the Federal Housing Finance Agency (FHFA): 18.8%The S. National Home Price Index from S&P Case-Shiller: 18.6%The Home Price Insights Report from CoreLogic: …


Are Houses Less Affordable Than They Were in Past Decades?

By Posted on 2 min read 668 views

There are many headlines about how housing affordability is declining. The headlines are correct: it’s less affordable to purchase a home today than it was a year ago. However, it’s important to give this trend context. Is it less expensive to buy a house today than it was in 2005? What about 1995? What happens if we go all the way back to 1985? Or even 1975? Obviously, the price of …


Sellers: Make Today’s Home Price Appreciation Work for You

By Posted on 2 min read 626 views

Home prices continue to rise as we move through the summer, and that’s good news for sellers who are looking to maximize their home’s potential. If you’re on the fence about whether to list your house now or later, the question you should really ask is: will this price appreciation last? Here’s what three leading industry experts have to say about what lies ahead: Lawrence Yun, Chief Economist, National Association of Realtors (NAR): “At a broad …


3 Charts That Show This Isn’t a Housing Bubble

By Posted on 3 min read 1272 views

With home prices continuing to deliver double-digit increases, some are concerned we’re in a housing bubble like the one in 2006. However, a closer look at the market data indicates this is nothing like 2006 for three major reasons. 1. The housing market isn’t driven by risky mortgage loans. Back in 2006, nearly everyone could qualify for a loan. The Mortgage Credit Availability Index (MCAI) from the Mortgage Bankers’ Association is …


This is What Every Agent Should Be Doing Right Now

By Posted on 4 min read 403 views

It’s about as easy finding leads in today’s market as it was finding toilet paper a year ago. According to a recent report for CNBC, there’s about a 2:1 ratio of listings to agents right now, and that’s not likely to change anytime soon. That means that if you want to stay competitive, you need every advantage to win listings, convert clients, and keep your business going. The market is in …


Why This Isn’t Your Typical Summer Housing Market

By Posted on 2 min read 676 views

In real estate, it’s normal to see ebbs and flows in the market. Typically, the summer months are slower-paced than the traditionally busy spring. But this isn’t a typical summer. As the economy rebounds and life is returning to normal, the real estate market is expected to have an unusually strong summer season. Here’s how this summer is stacking up against the norm and what it means for you. Inventory is …