All Posts By themlsblog

Key Factors That Impact Affordability Today

By Posted on 2 min read 379 views

You can’t read an article about residential real estate without the author mentioning the affordability challenges that today’s buyers face. There’s no doubt homes are less affordable today than they were over the last two years, but that doesn’t mean homes are now unaffordable. There are three measures used to establish home affordability: home prices, mortgage rates, and wages. Let’s look closely at each of these components. 1. Home Prices The …

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Are Home Prices Continuing to Rise?

By Posted on 2 min read 665 views

Many analysts projected home price appreciation would slow dramatically in the fall of 2021 and then continue to soften throughout 2022. So far, that hasn’t happened. The major price indices are all revealing ongoing double-digit price appreciation. Here’s a look at their reports on year-over-year price appreciation for December: Federal Housing Finance Agency (FHFA): 17.6%S&P Case-Shiller: 18.8%CoreLogic: 18.5% To show that they’re not seeing signs of softening, here’s a graph that gives the …

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Listing Click Counter Now Provides Comprehensive Online Activity Reporting for Your Listings

By Posted on 1 min read 324 views

We’ve partnered with ListTrac to provide you a new & improved Listing Click Counter. Keep a pulse on the performance of your listings with metrics captured from major portals such as Zillow, Trulia, Homes.com, and Homesnap, as well as the following metrics from VESTAPLUS™: Listings Viewed– Viewed on Detail ReportsLead Generated– Clicked on ShowingsPlus™Listing Shared– Listing EmailedTagged as Favorite– Client favorited on Client Dashboard Additionally, keep sellers informed with a weekly …

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The Difference Between Renting and Owning

By Posted on 1 min read 356 views

If you’re deciding whether to rent or buy, consider the many financial benefits that come with owning a home. As a renter, you build your landlord’s wealth and face rising costs. As a homeowner, you build your own net worth and can lock in your monthly payments for the length of your loan. If you’re weighing your options, remember that owning a home is a decision that has considerable financial perks. …

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Real Estate Voted Best Investment 8 Years in a Row

By Posted on 2 min read 403 views

In an annual Gallup poll, Americans chose real estate as the best long-term investment. And it’s not the first time it’s topped the list, either. Real estate has been on a winning streak for the past eight years, consistently gaining traction as the best long-term investment (see graph below): If you’re thinking about purchasing a home this year, this poll should reassure you. Even when inflation is rising like it is …

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Join Us for MLS Virtual Madness

By Posted on 1 min read 174 views

Join us for a morning full of learning, fun and “MLS Madness”! Keynote presentation by Realtor.com Chief Economist Danielle Hale will provide a market update for Southern California. Additionally, learn all about your favorite MLS products through a fun online training circuit. Topics include: • Neighborhood Snapshot™• Advanced Search• Homesnap• VESTAPLUS™ Mobile• ShowingsPlus™• And More! Register here: MLS Virtual Madness 2022 https://us06web.zoom.us/webinar/register/WN_8dUxHmSrQ9iC9OCdgouHnQ

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Owning is More Affordable than Renting in Majority of the Country

By Posted on 2 min read 345 views

If you were thinking about buying a home this year, but already pressed pause on your plans due to rising home prices and increasing mortgage rates, there’s something you should consider. According to the latest report from ATTOM Data, owning a home is more affordable than renting in the majority of the country. The 2022 Rental Affordability Report says: “. . . Owning a median-priced home is more affordable than the …

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