Kline Team Mortgage, Mike Kline

10/16/2026

10/07/2026

Housing Market Expects 14 Million More Homes:
New research from the National Association of Realtors’ consumer website shows nearly 14 million more homes will become available to buyers over the next decade. The increase – due to baby-boomer home owners leaving large family homes they can no longer maintain – will be gradual but bigger than past generational handoffs. In fact, it’ll be 34 percent bigger than the one that happened a decade ago. Jiayi Xu, senior economist for the website, says the transition has already begun. “The scale of this transition is unlike anything we’ve see in the past decade, and it’s accelerating every year,” Xu said. “The question for buyers and sellers isn’t whether more homes are coming, but which homes, where, and how many buyers will be there to meet them.” More homes are coming but it still won’t be enough to close the persistent home shortage that has been holding the market back. Mostly, that’s due to the gradual pace of the transition and the fact that smaller, starter homes – which are the market’s most needed – make up less than 500,000 of the 13.9 million homes expected to become available. (source)

SOCIAL CAPTION: Research shows nearly 14 million more homes will become available to buyers over the next decade, as baby-boomer home owners leave large family homes they can no longer maintain.

09/29/2026

Home Buyers See More Seller Concessions:
The housing market is becoming increasingly favorable to home buyers after years of favoring sellers. Hopeful home shoppers these days are facing less competition and fewer bidding wars. They’re also getting more concessions. In fact, according to a recent online report, sellers gave concessions in 45 percent of home sales in August, up from 43 percent one year ago and the highest share since 2020. What does that mean? It means buyers are seeing better deals – especially for new homes. In the Southeast and West, where home building had been booming, builders are offering to buy down mortgage rates and provide appliances in an effort to lure hesitant home buyers. Concessions have become so common in cities like Atlanta, Charlotte, Phoenix, and Las Vegas that the vast majority of sales include them, with a good share also throwing a price cut into the mix. But that isn’t true everywhere. On the coasts, they’re much less common. Cities like San Jose and New York show fewer than 10 percent of sales include concessions, with other major metros showing a similar share. (source)

SOCIAL CAPTION: Home sellers are offering more concessions to buyers this year, according to new numbers. In August, 45 percent of sales included a concession.

09/23/2026

Signed Contracts to Buy Homes Edge Upward:
The National Association of Realtors tracks how many contracts to buy homes are signed each month with its Pending Home Sales report. The monthly gauge is considered a good future indicator for existing-home sales numbers, as contract signings generally precede closings by several weeks. In August, the NAR found the number of signed contracts to buy homes up 0.3 percent from the month before, though they were still 4.7 percent lower than last year at the same time. Dr. Lawrence Yun, NAR’s chief economist, says buyers were active despite higher rates in August. “Buyers steadily entered into contracts in August even though mortgage rates increased,” Yun said. “However, the housing market is still sluggish, with contract signings below last year. This is due to higher mortgage rates offsetting the increased buying power created by job gains and income growth outpacing home price growth.” (source)

SOCIAL CAPTION: The number of signed contracts to buy homes rose 0.3 percent in August from one month earlier, according to the National Association of Realtors

09/15/2026

Buyers See Opportunity Heading into Fall:
Home buyers are approaching the best time to buy a home, according to the National Association of Realtor’s consumer website. The website’s Best Time to Buy report found that the last week of September will offer buyers the most favorable mix of savings and available homes. Hannah Jones, senior economist at the site, says early fall could be the time to buy. “Home shoppers heading into fall will find an opportunity that has been hard to come by in recent years: more choices and less urgency. With mortgage rates still elevated above year-ago levels, and offering buyers little relief on the financing side, this fall window is a clear opportunity for buyers to make up some ground elsewhere,” Jones said. “The week of September 27-October 3 brings together the market conditions buyers value most – elevated inventory, less competition and prices that have eased from their seasonal high – giving prepared buyers a way to offset high rates with savings on price and room to negotiate with confidence.” (source)

SOCIAL CAPTION: Home buyers are approaching the best time to buy, according to a new analysis. The last week of September offers buyers a favorable mix of savings and inventory.

08/25/2026

More Than 40% of Homes Considered Equity Rich:
When you own a home, you build equity with every mortgage payment. As you pay off your mortgage, you own a larger percentage of your home and the eventual profit you’d make when selling it. You also build equity through home price increases. As the value of your home goes up, whatever amount you owe becomes a smaller share of its total value. That’s the financial benefit of homeownership. It’s also the reason ATTOM Data Solutions’ U.S. Home Equity & Underwater Report tracks what share of mortgaged properties can be considered “equity rich,” meaning the amount owed is less than half what the home is estimated to be worth. According to the second quarter results, 41.1 percent of residential properties across the country can be considered equity rich. That’s still a higher percentage than before the pandemic-era buyers’ boom but it is lower than it’s been. In fact, that’s down from 47.4 percent one year ago at the same time. Rob Barber, ATTOM’s CEO, says the trend is one worth watching. “The two measures of home equity strength, the rates of equity rich and seriously underwater homes, remain healthier than they were prior to 2020,” Barber said. “However, both have been moving in less favorable directions over the past year, suggesting a trend worth watching.” (source)

SOCIAL CAPTION: The share of equity rich homes fell in the second quarter but remains above 40 percent of all mortgaged residential properties.