The Source of Real Time Real Estate
The Source of Real Time Real Estate
By themlsblog
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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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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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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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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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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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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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With the Coronavirus pandemic in full swing and stay-at-home orders currently in place throughout the nation, the question on everyone’s mind is, “What will the housing market look like for the remainder of 2020?” According to NAR Chief Economist Lawrence Yun, “After a pause, home sellers are gearing up to list their properties with the reopening of the economy…Plenty of buyers also appear ready to take advantage of record-low mortgage rates …
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Cloud CMA just released a great free upgrade that provides live interactive presentations to win your next listing. Designed to supplement your classic printed Cloud CMA reports, Cloud CMA Live gives you the freedom and flexibility to present your CMA anytime, anywhere. Similar to Cloud CMA printed reports, Cloud CMA Live keeps your branding front and center, utilizes and updates real-time MLS data, and provides a beautifully designed user experience alongside …
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VESTAPLUS™ and Homesnap Pro Ads have partnered to make it easier to create and monitor effective digital marketing campaigns in Facebook, Google, Instagram and Waze. Now, VESTAPLUS™ users can instantly preview and manage customized social media ads for each of their listings directly in VESTAPLUS™ SLIMM Listing Add/Edit Module. For each listing you promote, you select the amount you want to spend on each advertising network, which corresponds to an estimated …
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C.A.R. Deputy Chief Economist Jordan G. Levine recently provided a market update for the state of California amid the COVID-19 outbreak. California started the year on a strong footing economically, however, the virus has changed everything for 2020. Unprecedented in terms of size and economic scope, there is still a lot of uncertainty and it may be too early for most major indicators. Unemployment will drive negative impacts and we are …
