All Posts By themlsblog

Selling Your House? Your Asking Price Matters More Now Than Ever

By Posted on 3 min read 79 views

There’s no doubt about the fact that the housing market is slowing from the frenzy we saw over the past two years. But what does that mean for you if you’re thinking of selling your house? While home prices are still appreciating in most markets and experts say that will continue, they’re climbing at a slower pace because rising mortgage rates are creating less buyer demand. Because of this, there are  …

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3 Graphs to Show This Isn’t a Housing Bubble

By Posted on 3 min read 217 views

With all the headlines and buzz in the media, some consumers believe the market is in a housing bubble. As the housing market shifts, you may be wondering what’ll happen next. It’s only natural for concerns to creep in that it could be a repeat of what took place in 2008. The good news is, there’s concrete data to show why this is nothing like the last time. There’s a Shortage …

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What’s Causing Ongoing Home Price Appreciation

By Posted on 2 min read 226 views

If you’re thinking about making a move, you probably want to know what’s going to happen to home prices for the rest of the year. While experts say price growth will moderate due to the shifting market, ongoing appreciation is expected. That means home prices won’t fall. Here’s a look at two key reasons experts forecast continued price growth: supply and demand. While Growing, Housing Supply Is Still Low Even though  …

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How to Shift Your Marketing to Get Clients in a Shifting Market

By Posted on 5 min read 172 views

If you really want to succeed in today’s shifting market, there’s one big piece you may be missing in your strategy: branding yourself as the market expert. Time and time again, many agents focus on branding themselves as a utility rather than a knowledge broker. But in times of uncertainty, your clients need more. They need answers that cut through the confusion and bring clarity to what’s really happening in real …

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Expert Housing Market Forecasts for the Second Half of the Year

By Posted on 3 min read 265 views

The housing market is at a turning point, and if your client is thinking of buying or selling a home, that may leave them wondering: is it still a good time to buy a home? Should I make a move this year? To help answer those questions, let’s turn to the experts for projections on what the second half of the year holds for residential real estate. Where Mortgage Rates Will …

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What Does the Rest of the Year Hold for the Housing Market?

By Posted on 3 min read 291 views

If you’re thinking of buying or selling a house, you’re at an exciting decision point. And anytime you make a big decision like that, one thing you should always consider is timing. So, what does the rest of the year hold for the housing market? Here’s what experts have to say. The Number of Homes Available for Sale Is Likely To Grow There are early signs housing inventory is starting to …

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Market Insight from NAR Chief Economist Lawrence Yun

By Posted on 1 min read 171 views

According to NAR Chief Economist Lawrence Yun, “Home prices have been setting record after record, making this a great time to be a homeowner. Unlike stocks and bonds, which have fallen sharply this year, U.S. home prices have kept on rising. If you’re rushing out to buy a home today because you’re hoping to turn a big, quick profit, you’re likely to be disappointed. But if you’re thinking long-term and buying …

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Today’s Home Price Appreciation is Great News for Existing Homeowners

By Posted on 2 min read 238 views

If you’re planning to sell your home this season, rising prices are great news for you. But it’s important to understand why prices are rising to begin with. One major factor is supply and demand. In any industry, when there are more buyers for an item than there are of that item available, prices naturally rise. In those situations, buyers are willing to pay more to get the product or service …

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Is it Enough To Offer Asking Price in Today’s Housing Market?

By Posted on 2 min read 235 views

If you’re planning to buy a home this season, you’re probably thinking about what you’ll need to do to get your offer accepted. In previous years, it was common for buyers to try and determine how much less than the asking price they could offer to still get the home. The buyer and seller would then negotiate and typically agree on a revised price that was somewhere between the buyer’s bid …

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The Future of Home Price Appreciation and What It Means for You

By Posted on 2 min read 460 views

Many consumers are wondering what will happen with home values over the next few years. Some are concerned that the recent run-up in home prices will lead to a situation similar to the housing crash 15 years ago. However, experts say the market is totally different today. For example, Odeta Kushi, Deputy Chief Economist at First American, tweeted just last week on this issue: “. . . We do need price appreciation to slow …

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