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Robert’s Blog

20 Tips for Preparing Your House for Sale This Fall [INFOGRAPHIC]
20 Tips for Preparing Your House for Sale This Fall [INFOGRAPHIC] | MyKCMSome Highlights: When listing your house for sale, your top goal will be to get the home sold for the best price possible! There are many small projects that you can do to ensure this happens! Your real estate agent will have a list of specific suggestions for getting your house ready for market and ... Read More
Baby Boomers are Downsizing, Are You Ready to Move?
Baby Boomers are Downsizing, Are You Ready to Move? | MyKCMFor a while now baby boomers have been blamed for a portion of the housing market’s current lack of housing inventory, but should they really be getting the blame? Here’s what some of the experts have to say on the subject: Aaron Terrazas, Senior Economist at Zillow, says that “Boomers are healthier and working longer ... Read More
Pre-Approval: Your 1st Step in Buying a Home
Pre-Approval: Your 1st Step in Buying a Home | MyKCMIn many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a ... Read More
Buying a Home? Do You Know the Lingo? [INFOGRAPHIC]
Buying a Home? Do You Know the Lingo? [INFOGRAPHIC] | MyKCMSome Highlights: Buying a home can be intimidating if you are not familiar with the terms used during the process. To start you on your path with confidence, we have compiled a list of some of the most common terms used when buying a home. The best way to ensure that your home-buying process is ... Read More
Dispelling the Myth About Home Affordability
Dispelling the Myth About Home Affordability | MyKCMWe have all seen the headlines that report that buying a home is less affordable today than it was at any other time in the last ten years, and those headlines are accurate. But, have you ever wondered why the headlines don’t say the last 25 years, the last 20 years, or even the last ... Read More
New Home Sales Up 12.7% From Last Year
New Home Sales Up 12.7% From Last Year | MyKCMAccording to the latest New Residential Sales Report from the Census Bureau, new construction sales in August were up 3.5% from July and 12.7% from last year! This marks the second consecutive month with double-digit year-over-year growth (12.8% in July). The report also showed that builders have ramped up construction with an increase in new ... Read More
What’s Going On With Home Prices?
What’s Going On With Home Prices? | MyKCMAccording to CoreLogic’s latest Home Price Insights Report, national home prices in August were up 5.5% from August 2017. This marks the first time since June 2016 that home prices did not appreciate by at least 6.0% year-over-year. CoreLogic’s Chief Economist Frank Nothaft gave some insight into this change, “The rise in mortgage rates this ... Read More
Buying a Home is Cheaper than Renting in 38 States! [INFOGRAPHIC]
Buying a Home is Cheaper than Renting in 38 States! [INFOGRAPHIC] | MyKCMSome Highlights: According to a study by GOBankingRates, it is cheaper to buy a home than rent in 38 states across the country. In six states the difference between buying & renting would account for less than a $50 monthly difference, leaving the choice up to the individual family. Nationwide, it is now 26.3% cheaper ... Read More
Are We About to Enter a Buyers’ Market?
Are We About to Enter a Buyers’ Market? | MyKCMHome sales are below last year’s levels, home values are appreciating at a slower pace, and there are reports showing purchasing demand softening. This has some thinking we may be entering a buyers’ market after sellers have had the upper hand for the past several years. Is this really happening? The market has definitely softened. ... Read More
2 Factors to Watch in Today’s Real Estate Market Whether Buying or Selling
2 Factors to Watch in Today’s Real Estate Market Whether Buying or Selling | MyKCMWhen it comes to buying or selling a home there are many factors you should consider. Where you want to live, why you want to buy or sell, and who will help you along your journey are just some of those factors. When it comes to today’s real estate market, though, the top two factors ... Read More
Mortgage Interest Rates are Still Going Up… Should You Wait to Buy?
Mortgage Interest Rates are Still Going Up… Should You Wait to Buy? | MyKCMMortgage interest rates, as reported by Freddie Mac, have increased by close to a quarter of a percent over the last several weeks. Freddie Mac, Fannie Mae, the Mortgage Bankers Association, and the National Association of Realtors are all calling for mortgage rates to rise another quarter of a percent by next year. In addition to the predictions from the four major reporting agencies ... Read More
How Does the Supply of Homes for Sale Impact Buyer Demand?
How Does the Supply of Homes for Sale Impact Buyer Demand? | MyKCMThe price of any item is determined by the supply of that item, as well as the market’s demand for it. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index. Their latest edition sheds some light on the relationship between seller traffic (supply) ... Read More
Should I Buy Now? Or Wait Until Next Year? [INFOGRAPHIC]
Should I Buy Now? Or Wait Until Next Year? [INFOGRAPHIC] | MyKCMSome Highlights: The cost of waiting to buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 5.2% by the third quarter of 2019. CoreLogic predicts home prices to appreciate ... Read More
Are Home Prices Softening or Are They Falling?
Are Home Prices Softening or Are They Falling? | MyKCMWe are beginning to see reports that more housing inventory is coming to the market and that buyer demand may not be increasing at the same pace it did earlier this year. The result will be many headlines written to address the impact that these two situations will have on home values. Many of these ... Read More
The Cost of NOT Paying PMI
The Cost of NOT Paying PMI | MyKCMSaving for a down payment is often the biggest hurdle for a first-time homebuyer as median incomes, rents, and home prices all vary depending on where you live. There is a common misconception among homebuyers that a 20% down payment is required, and it is this limiting belief that often adds months, and sometimes even ... Read More
Where Are Mortgage Interest Rates Headed In 2019?
Where Are Mortgage Interest Rates Headed In 2019? | MyKCMThe interest rate you pay on your home mortgage has a direct impact on your monthly payment; the higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. Below is a chart created using Freddie Mac’s U.S. Economic ... Read More
How Much Has Your Home Increased in Value?
How Much Has Your Home Increased in Value? | MyKCMHome values have risen dramatically over the last twelve months. In CoreLogic’s most recent Home Price Index Report, they revealed that national home prices have increased by 6.2% year-over-year. CoreLogic broke down appreciation even further into four price ranges, giving us a more detailed view than if we had simply looked at the year-over-year increases in national median home price. The ... Read More