All Posts By themlsblog

3 Charts That Show This Isn’t a Housing Bubble

By Posted on 3 min read 1439 views

With home prices continuing to deliver double-digit increases, some are concerned we’re in a housing bubble like the one in 2006. However, a closer look at the market data indicates this is nothing like 2006 for three major reasons. 1. The housing market isn’t driven by risky mortgage loans. Back in 2006, nearly everyone could qualify for a loan. The Mortgage Credit Availability Index (MCAI) from the Mortgage Bankers’ Association is …


This is What Every Agent Should Be Doing Right Now

By Posted on 4 min read 564 views

It’s about as easy finding leads in today’s market as it was finding toilet paper a year ago. According to a recent report for CNBC, there’s about a 2:1 ratio of listings to agents right now, and that’s not likely to change anytime soon. That means that if you want to stay competitive, you need every advantage to win listings, convert clients, and keep your business going. The market is in …


Why This Isn’t Your Typical Summer Housing Market

By Posted on 2 min read 806 views

In real estate, it’s normal to see ebbs and flows in the market. Typically, the summer months are slower-paced than the traditionally busy spring. But this isn’t a typical summer. As the economy rebounds and life is returning to normal, the real estate market is expected to have an unusually strong summer season. Here’s how this summer is stacking up against the norm and what it means for you. Inventory is …


What Do Experts See on the Horizon for the Second Half of the Year?

By Posted on 3 min read 914 views

As we move into the latter half of the year, questions about what’s to come are top of mind for buyers and sellers. Near record-low mortgage rates coupled with rising home price appreciation kicked off a robust housing market in the first half of 2021, but what does the forecast tell us about what’s on the horizon? Mortgage Rates Will Likely Increase, but Remain Low Many experts are projecting a rise …


Don’t Wait To Sell Your House

By Posted on 2 min read 743 views

We’re in the ultimate sellers’ market right now. If you’re a homeowner thinking about selling, you have a huge advantage in today’s housing market. High buyer demand paired with very few houses for sale makes this the optimal time to sell for those who are ready to do so. Whatever the move you want to make looks like, here’s an overview of what’s creating the prime opportunity to sell this summer. …


Home Price Appreciation is as Simple as Supply and Demand

By Posted on 2 min read 1144 views

Home price appreciation continues to accelerate. Today, prices are driven by the simple concept of supply and demand. Pricing of any item is determined by how many items are available compared to how many people want to buy that item. As a result, the strong year-over-year home price appreciation is simple to explain. The demand for housing is up while the supply of homes for sale hovers at historic lows. Let’s …


Sellers Are Ready To Enter the Housing Market

By Posted on 1 min read 954 views

One of the biggest questions in real estate today is, “When will sellers return to the housing market?” An ongoing shortage of home supply has created a hyper-competitive environment for hopeful buyers, leading to the ultimate sellers’ market. However, as the economy continues to improve and more people get vaccinated, more sellers may finally be in sight. The Home Purchase Sentiment Index (HPSI) by Fannie Mae recently noted the percentage of consumer respondents who say …


Experts Say Home Prices Will Continue to Appreciate

By Posted on 2 min read 1452 views

It’s clear that consumers are concerned about how quickly home values are rising. Many people fear the speed of appreciation may lead to a crash in prices later this year. In fact, Google reports that the search for “When is the housing market going to crash?” has actually spiked 2450% over the past month. In addition, Jim Dalrymple II of Inman News notes: “One of the most noteworthy things that came …


3 Graphs Showing Why You Should Sell Your House Now

By Posted on 2 min read 1506 views

There’s no doubt that 2021 is the year of the seller when it comes to the housing market. If you’re a homeowner thinking of moving to better suit your changing needs, now is the perfect time to do so. Low mortgage rates are in your favor when you’re ready to purchase your dream home, and high buyer demand may give you the leverage you need to negotiate the best contract terms …


Are Interest Rates Expected to Rise Over the Next Year?

By Posted on 1 min read 1080 views

So far this year, mortgage rates continue to hover around 3%, encouraging many hopeful homebuyers to enter the housing market. However, there’s a good chance rates will increase later this year and going into 2022, ultimately making it more expensive to borrow money for a home loan. Here’s a look at what several experts have to say. Danielle Hale, Chief Economist, “Our long-term view for mortgage rates in 2021 is …