Main Content

Home » Robert’s Blog

Robert’s Blog

3 Issues Facing Today’s Real Estate Market
3 Issues Facing Today’s Real Estate Market | MyKCMLast week, the National Association of Real Estate Editors (NAREE) held their 52nd Annual Journalism Conference in Las Vegas, NV. Among the many highly anticipated sessions was one called “Top Ten Issues Affecting Real Estate™,” given by Joseph Nahas, Jr., Chair of the Counselors of Real Estate & Senior Vice President of Equus Capital Partners.  ... Read More
Top 5 Reasons You Shouldn’t FSBO
Top 5 Reasons You Shouldn’t FSBO | MyKCMIn today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers. Here are the top ... Read More
How A Lack of Inventory Impacts the Housing Market
How A Lack of Inventory Impacts the Housing Market | MyKCMThe housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up, home sales are up, and distressed sales (foreclosures and short sales) have fallen to their lowest points in years. The market will continue to strengthen in 2018. However, there ... Read More
Top 4 Home Renovations for Max ROI [INFOGRAPHIC]
Top 4 Home Renovations for Max ROI [INFOGRAPHIC] | MyKCMSome Highlights: Whether you are selling your home, just purchased your first home or are a homeowner planning to stay put for a while, there is value in knowing which home improvement projects will net you the most Return On Investment (ROI). Minor bathroom renovations can go a long way toward improving the quality of ... Read More
Are Lending Standards Too Loose…or Too Tight?
Are Lending Standards Too Loose…or Too Tight? | MyKCMWith home values appreciating at record rates, some are concerned that we may be heading for another housing bubble like the one we experienced a decade ago. One of the major culprits of that housing boom and bust was the loosening of standards for mortgage credit. In a study done at the University of North ... Read More
Parents Say Kids’ Opinions Matter Big When Buying a Home
Parents Say Kids’ Opinions Matter Big When Buying a Home | MyKCMA recent survey conducted by Harris Poll and released by SunTrust Mortgage found that “55% of homeowners with a child under the age of 18 at the time when they purchased their home said that the opinion of their offspring played a major role in their home buying decision.” When the results were broken down ... Read More
When Is a Good Time to Rent? Not Now!
When Is a Good Time to Rent? Not Now! | MyKCMPeople often ask if now is a good time to buy a home, but nobody ever asks whether or not it’s a good time to rent. Regardless, we want to make certain that everyone understands that now is NOT a good time to rent. The Census Bureau recently released their 2018 first quarter median rent numbers. According to their ... Read More
Days on The Market Drops to New Low in April
Days on The Market Drops to New Low in April | MyKCMAccording to recently released data from the National Association of Realtors (NAR), the median number of days that a home spent on the market hit a new low of 26 days in April, as 57% of homes were on the market for under a month. NAR’s Chief Economist, Lawrence Yun, had this to say, “What is available for sale is ... Read More
The Cost of Renting vs. Buying [INFOGRAPHIC]
The Cost of Renting vs. Buying [INFOGRAPHIC] | MyKCMSome Highlights: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (28.8%) vs. the percentage needed to buy a median-priced home (17.1%), the choice becomes obvious. Every market is different. Before you renew your lease again, find ... Read More
Did Tax Reform Kill the Luxury Market? NOT SO FAR!
Did Tax Reform Kill the Luxury Market? NOT SO FAR! | MyKCMThe new tax code limits the deduction of state and local property taxes, as well as income or sales taxes, to a total of $10,000. When the tax reform legislation was put into law at the beginning of the year, some experts felt that it could have a negative impact on the luxury housing market. ... Read More
Homeowners & Appraisers See the Most Eye-to-Eye on Price in 3 Years
Homeowners & Appraisers See the Most Eye-to-Eye on Price in 3 Years | MyKCMIn today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5% (or more) over the next twelve months. One major challenge in such a market is the bank appraisal. When prices are surging, it is ... Read More
4 Steps to Follow When Presenting an Offer in Today’s Market!
4 Steps to Follow When Presenting an Offer in Today’s Market! | MyKCMSo, you’ve been searching for that perfect house to call a ‘home,’ and you’ve finally found it! The price is right, and in such a competitive market, you want to make sure that you make a great offer so that you can guarantee that your dream of making this house yours comes true! Below are ... Read More
4 Reasons Why Summer Is a Great Time to Buy a Home!
4 Reasons Why Summer Is a Great Time to Buy a Home! | MyKCMHere are four great reasons to consider buying a home today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Insights reports that home prices have appreciated by 7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.2% over the next year. Home ... Read More
Top Reasons to Own Your Home [INFOGRAPHIC]
Top Reasons to Own Your Home [INFOGRAPHIC] | MyKCMSome Highlights: June is National Homeownership Month! Now is a great time to reflect on the many benefits of homeownership that go way beyond the financial. What reasons do you have to own your own home?
Will Home Prices Fall as Mortgage Rates Rise?
Will Home Prices Fall as Mortgage Rates Rise? | MyKCMMortgage interest rates have increased by more than half of a point since the beginning of the year. They are projected to increase by an additional half of a point by year’s end. Because of this increase in rates, some are guessing that home prices will depreciate. However, some prominent experts in the housing industry ... Read More
Millennials Are Skipping Starter Homes for Their Dream Homes
Millennials Are Skipping Starter Homes for Their Dream Homes | MyKCMA new trend has begun to emerge. With home prices skyrocketing in the starter home category, many first-time homebuyers are skipping the traditional starter homes and moving right into their dream homes. What’s a Starter Home? According to the National Association of Realtors (NAR), simply put, a starter home is a one or two-bedroom home ... Read More
5 Reasons Why to Sell This Summer!
5 Reasons Why to Sell This Summer! | MyKCMHere are five reasons listing your home for sale this summer makes sense. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase…and are in the market right now! More ... Read More
All Gave Some. Some Gave All.
All Gave Some. Some Gave All. | MyKCM
Drop in Inventory Fuels Sales Slowdown [INFOGRAPHIC]
Drop in Inventory Fuels Sales Slowdown [INFOGRAPHIC] | MyKCMSome Highlights: Existing Home Sales are now at an annual pace of 5.46 million. Inventory of existing homes for sale dropped to a 4-month supply, marking the 35th month in a row of declines. The median price of homes sold in April was $257,900. This is the 74th consecutive month of year-over-year price gains.
Selling Your House on Your Own Could Cost You
Selling Your House on Your Own Could Cost You | MyKCMIn this extremely hot real estate market, some homeowners might consider selling their homes on their own which is known as a For Sale by Owner (FSBO). They rationalize that they don’t need a real estate agent and believe that they can save the fee for the services a real estate agent offers. However, a ... Read More