MHI CAS and MHVillage.com Team Up to Strengthen the Resale Market
In support of its strategic goal to "Improve the Resale Market" the MHI Board of Directors at its annual meeting in September of 2005 voted unanimously to endorse MHVillage.com. This is MHI's only endorsement of a national multiple listing service (MLS) for the existing homes market.
With that decision the MHI CAS and MHVillage.com websites combined their databases of listings, closed sales transactions, and unrestricted community attributes. Now the positive, consumer oriented, and unrestricted information collected and used on the MHI CAS site is made available for potential buyers searching for homes and community information at MHVillage.com. Additionally, when a home is listed or a sale is reported at MHVillage.com, that information is immediately available on that community's CAS record at the MHI CAS website.
As a Community Owner it is now more important than ever to have your community's information up-to-date since the thousands of daily visitors to MHVillage.com's website will now be able to evaluate your community on-line when searching for homes. According to the National Association of Realtors, over 74% of home buyers begin their search on-line.
Currently over 17,000 communities are registered at MHI CAS. Some of the photos and information is dated, so community owners are being encouraged to register and update their information so that potential residents can see the latest and most positive information. Community owners also benefit since up-to-date CAS information now gives lenders the confidence to make favorable and well-informed lending decisions in their communities.