All Posts By themlsblog

Homebuyer Traffic is on the Rise

By Posted on 2 min read 139 views

One of the biggest surprises of 2020 is the resilience of the residential real estate market. Lawrence Yun, Chief Economist of the National Association of Realtors (NAR), is now forecasting that more homes will sell this year than last year. He’s also predicting home sales to increase by 8-12% next year. There’s strong evidence that he will be right. ShowingTime, a leading showing software and market stat service provider for the residential real estate industry, just reported on their latest the ShowingTime …

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Have You Ever Seen a Housing Market Like This?

By Posted on 3 min read 197 views

The year 2020 will certainly be one to remember, with new realities and norms that changed the way we live. This year’s real estate market is certainly no exception to that shift, with historic highlights continuing to break records and challenge what many thought possible in the housing market. Here’s a look at four key areas that are fundamentally defining the market this year. Housing Market Recovery The economy was intentionally …

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The Top Reasons People Are Moving This Year

By Posted on 3 min read 455 views

Today, Americans are moving for a variety of different reasons. The current health crisis has truly re-shaped our lifestyles and our needs. Spending extra time where we currently live is enabling many families to re-evaluate what homeownership means and what they find most important in a home. According to Zillow, “In 2020, homes went from the place people returned to after work, school, hitting the gym or vacationing, to the place …

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Three of the Latest Reports Show Housing Market Is Strong

By Posted on 2 min read 485 views

The residential real estate market is remaining resilient as the country still struggles to beat the COVID-19 pandemic. Three separate reports recently revealed how the housing market is still showing growth. Here’s a look at each one. 1. Ivy Zelman’s Real Estate Broker Survey The survey explains that purchaser demand remains strong: “This month’s overall homebuyer demand rating…was easily the strongest sequential gain in our survey history…Strength continues to be led …

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Mortgage Rates Hit Record Lows for Three Consecutive Weeks

By Posted on 1 min read 509 views

Over the past several weeks, Freddie Mac has reported the average 30-year fixed mortgage rate dropping to record lows, all the way down to 2.98%. Last week’s reported rate reached the lowest point in the history of the survey, which dates back to 1971 (See graph below): What does this mean for buyers? This is huge for homebuyers. Those currently taking advantage of the increasing affordability that comes with historically low …

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Homebuyers Are in the Mood to Buy Today

By Posted on 2 min read 870 views

According to the latest FreddieMac Quarterly Forecast, mortgage interest rates have fallen to historically low levels this spring and they’re projected to remain low. This means there’s a huge incentive for buyers who are ready to purchase. And homeowners looking for eager buyers can take advantage of this opportune time to sell as well. There’s a very positive outlook on interest rates going forward, as the projections from the FreddieMac report …

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Is the Economic Recovery Already Underway?

By Posted on 2 min read 766 views

The Wall Street Journal just released their latest monthly Survey of Economists, where they reported: “The U.S. economy will be in recovery by the third quarter of this year, economists said in a survey that also concluded the labor market will fare better than previously expected following the effects of the coronavirus pandemic.”Clearly, the latest jobs report from the U.S. Bureau of Labor Statistics confirmed the labor market is outperforming expectations, …

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Home Prices: It’s All About Supply and Demand

By Posted on 2 min read 746 views

As we enter the summer months and work through the challenges associated with the current health crisis, many are wondering what impact the economic slowdown will have on home prices. Looking at the big picture, supply and demand will give us the clearest idea of what’s to come. Making our way through the month of June and entering the second half of the year, we face an undersupply of homes on …

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Why This Summer is the 2020 Real Estate Season

By Posted on 2 min read 844 views

With stay-at-home orders starting to gradually lift throughout parts of the country, data indicates homebuyers are jumping back into the market. After many families put their plans on hold due to the COVID-19 pandemic, what we once called the busy spring real estate season is shifting into the summer. In 2020, summer is the new spring for real estate. Additionally, according to Google Trends, which scores search terms online, searches for …

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Introducing the New & Enhanced VESTAPLUS™ SLIMM

By Posted on 1 min read 460 views

VESTAPLUS™ MLS Software launched a new and enhanced SLIMM Listing Add/Edit Module. The new SLIMM allows agents to easily and efficiently create, edit and manage listings. Easily Create a Listing Intuitive navigation with step-by-step guidance to create a listingToggle between tabs – Listing Info, Contract Info, Showings and PhotosLeft-hand side navigation provides quick access to different sections of each tabHelper Panel links to and identifies # of pending fieldsSearch bar to …

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