All Posts By themlsblog

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 …

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), …

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 …

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 …

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 …

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 …

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 …

Everyone’s interpretation of the American Dream is unique and personal. But, for many people, it’s tied to a sense of success, freedom, and prosperity. These are all things that owning a home can help provide. A recent survey from Bankrate asked respondents which achievements they feel most embody the American Dream. The responses prove owning a home is still important to so many Americans today (see graph below): As the graph …

Today’s higher mortgage rates, inflationary pressures, and concerns about a potential recession have some people questioning: should I still buy a home this year? While it’s true this year has unique challenges for homebuyers, it’s important to think about the long-term benefits of homeownership when making your decision. Consider this: if you know people who bought a home 5, 10, or even 30 years ago, you’re probably going to have a …

Selling your house is no simple task. While some homeowners opt to sell their homes on their own, known as a FSBO (For Sale by Owner), they often encounter various challenges without the guidance of a real estate agent. If you’re currently considering selling your house on your own, here’s what you should know. The most recent Profile of Home Buyers and Sellers from the National Association of Realtors (NAR) surveyed …