All Posts By themlsblog

What’s Causing Ongoing Home Price Appreciation

By Posted on 2 min read 512 views

If you’re thinking about making a move, you probably want to know what’s going to happen to home prices for the rest of the year. While experts say price growth will moderate due to the shifting market, ongoing appreciation is expected. That means home prices won’t fall. Here’s a look at two key reasons experts forecast continued price growth: supply and demand. While Growing, Housing Supply Is Still Low Even though  …

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How to Shift Your Marketing to Get Clients in a Shifting Market

By Posted on 5 min read 478 views

If you really want to succeed in today’s shifting market, there’s one big piece you may be missing in your strategy: branding yourself as the market expert. Time and time again, many agents focus on branding themselves as a utility rather than a knowledge broker. But in times of uncertainty, your clients need more. They need answers that cut through the confusion and bring clarity to what’s really happening in real …

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Expert Housing Market Forecasts for the Second Half of the Year

By Posted on 3 min read 511 views

The housing market is at a turning point, and if your client is thinking of buying or selling a home, that may leave them wondering: is it still a good time to buy a home? Should I make a move this year? To help answer those questions, let’s turn to the experts for projections on what the second half of the year holds for residential real estate. Where Mortgage Rates Will …

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What Does the Rest of the Year Hold for the Housing Market?

By Posted on 3 min read 496 views

If you’re thinking of buying or selling a house, you’re at an exciting decision point. And anytime you make a big decision like that, one thing you should always consider is timing. So, what does the rest of the year hold for the housing market? Here’s what experts have to say. The Number of Homes Available for Sale Is Likely To Grow There are early signs housing inventory is starting to …

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Market Insight from NAR Chief Economist Lawrence Yun

By Posted on 1 min read 425 views

According to NAR Chief Economist Lawrence Yun, “Home prices have been setting record after record, making this a great time to be a homeowner. Unlike stocks and bonds, which have fallen sharply this year, U.S. home prices have kept on rising. If you’re rushing out to buy a home today because you’re hoping to turn a big, quick profit, you’re likely to be disappointed. But if you’re thinking long-term and buying …

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Today’s Home Price Appreciation is Great News for Existing Homeowners

By Posted on 2 min read 444 views

If you’re planning to sell your home this season, rising prices are great news for you. But it’s important to understand why prices are rising to begin with. One major factor is supply and demand. In any industry, when there are more buyers for an item than there are of that item available, prices naturally rise. In those situations, buyers are willing to pay more to get the product or service …

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Is it Enough To Offer Asking Price in Today’s Housing Market?

By Posted on 2 min read 383 views

If you’re planning to buy a home this season, you’re probably thinking about what you’ll need to do to get your offer accepted. In previous years, it was common for buyers to try and determine how much less than the asking price they could offer to still get the home. The buyer and seller would then negotiate and typically agree on a revised price that was somewhere between the buyer’s bid …

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The Future of Home Price Appreciation and What It Means for You

By Posted on 2 min read 616 views

Many consumers are wondering what will happen with home values over the next few years. Some are concerned that the recent run-up in home prices will lead to a situation similar to the housing crash 15 years ago. However, experts say the market is totally different today. For example, Odeta Kushi, Deputy Chief Economist at First American, tweeted just last week on this issue: “. . . We do need price appreciation to slow …

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What’s Happening with Mortgage Rates, and Where Will They Go from Here?

By Posted on 3 min read 692 views

Based on the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by 1.2% (3.22% to 4.42%) since January of this year. Here’s a visual to show how mortgage rate movement throughout 2021 was steady compared to the rapid increase in mortgage rates this year: Just a few months ago, Freddie Mac projected mortgage rates would average 3.6% in 2022. Earlier this month, Fannie Mae forecast mortgage rates would average 3.8% in 2022. As the …

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The Best Week to List Your House is Just Around the Corner

By Posted on 2 min read 454 views

Are you thinking about selling your house? If so, you may want to make it a priority to start the process soon. According to realtor.com, the sweet spot for sellers is just around the corner. In a recent study, experts analyzed housing market trends by looking at data from the past several years (excluding 2020, since it was an atypical year). When applied to the current market, experts determined the ideal …

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