All Posts By themlsblog

What Experts Project for Home Prices Over the Next 5 Years

By Posted on 2 min read 552 views

If you’re planning to buy a home, one thing to consider is what experts project home prices will do in the future and how that might affect your investment. While you may have seen negative news over the past year about home prices, they’re doing far better than expected and are rising across the country. And data shows, experts forecast home prices will keep appreciating. Experts Project Ongoing Appreciation Pulsenomics polled …


Expert Home Price Forecasts Revised Up for 2023

By Posted on 2 min read 387 views

Toward the end of last year, there were a number of headlines saying home prices were going to fall substantially in 2023. That led to a lot of fear and questions about whether there was going to be a repeat of the housing crash that happened back in 2008. But the headlines got it wrong. While there was a slight home price correction after the sky-high price appreciation during the ‘unicorn’ …


More Jobs and Better Pay Leads to More Buyer Demand

By Posted on 2 min read 340 views

There’s been talk about a recession for quite a while now. But the economy has been remarkably resilient. Why? One reason is employment and wages have stayed strong. Let’s look at the latest information on each one and why both are good news if you’re thinking about selling your house. More Jobs Are Being Created Instead of facing the job losses typical of any recession, the economy has been growing and …


Tropical Storm Hilary Resources

By Posted on 2 min read 235 views

Last weekend, Southern California experienced the effects of Tropical Storm Hilary, which surpassed the region’s daily rainfall records. The aftermath of the storm led to various challenges, including flooding, mudflows, road and highway closures, inaccessibility, temporary shutdowns of schools, and power outages affecting specific areas. In response to the situation caused by Tropical Storm Hilary, California’s Insurance Commissioner Lara has taken steps to offer relevant information about insurance coverage for individuals …


Sellers: Don’t Let These Two Things Hold You Back

By Posted on 2 min read 362 views

Many homeowners thinking about selling have two key things holding them back. That’s feeling locked in by today’s higher mortgage rates and worrying they won’t be able to find something to buy while supply is so low. Let’s dive into each challenge and give you some helpful advice on how to overcome these obstacles. Challenge #1: The Reluctance to Take on a Higher Mortgage Rate According to the Federal Housing Finance Agency (FHFA), …


Explaining Today’s Mortgage Rates

By Posted on 2 min read 331 views

If you’re following mortgage rates because you know they impact your borrowing costs, you may be wondering what the future holds for them. Unfortunately, there’s no easy way to answer that question because mortgage rates are notoriously hard to forecast.   But, there’s one thing that’s historically a good indicator of what’ll happen with rates, and that’s the relationship between the 30-Year Mortgage Rate and the 10-Year Treasury Yield. Here’s a graph …


Homebuyers Are Getting Used to the New Normal

By Posted on 2 min read 350 views

Before you decide to sell your house, it’s important to know what you can expect in the current housing market. One positive trend right now is homebuyers are adapting to today’s mortgage rates and getting used to them as the new normal. To better understand what’s been happening with mortgage rates lately, the graph below shows the trend for the 30-year fixed mortgage rate from Freddie Mac since last October. As you can …


The MLS™/CLAW and RentBase Announce Partnership to Streamline Rental Leasing Process for 18,000 Southern California MLS Agents

By Posted on 3 min read 336 views

RentBase Platform Will Increase Efficiency, Transparency and Communication Between Agents, Landlords, Renters, and Identify Future Sales within Rental Relationships Los Angeles, California — July 24, 2023 — The MLS™/CLAW, a leading multiple listing service in Southern California and next-generation software company, today announced a partnership with RentBase, a proptech platform that enables agents to automate their rental business and discover sales opportunities within their rentals. This new collaboration enables The MLS™/CLAW …


SearchPlus™, a Property Centric Search, Now Available in VESTAPLUS™ for The MLS™/CLAW Members

By Posted on 2 min read 412 views

Beverly Hills, July 19, 2023. The MLS™/CLAW, a leading provider of innovative real estate technology solutions, is proud to announce the release of SearchPlus™, an exciting new feature in VESTAPLUS™ MLS Software that revolutionizes the way real estate agents access and utilize public records data. The company’s latest enhancement enables agents to seamlessly search public records data concurrently with MLS data, providing comprehensive insights and streamlining their workflow like never before. With …


Home Prices Are Rebounding

By Posted on 3 min read 390 views

If you’re following the news today, you may feel a bit unsure about what’s happening with home prices and fear whether or not the worst is yet to come. That’s because today’s headlines are painting an unnecessarily negative picture. If we take a year-over-year view, home prices did drop some, but that’s because we’re comparing to a ‘unicorn’ year when prices peaked well beyond the norm. To avoid an unfair comparison …