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Robert’s Blog

75% of Renters Have Been Misinformed
75% of Renters Have Been Misinformed | MyKCMRecently, multiple headlines have been written asserting that homeownership is less affordable today than at any other time in the last decade. Though the headlines are accurate, they lack context and lead too many Americans to believe that they can’t partake in a major part of the American Dream – owning a home. In 2008, … Read More

Why Has Housing Supply Increased as Sales Have Slowed Down?
Why Has Housing Supply Increased as Sales Have Slowed Down? | MyKCMAccording to the latest Existing Home Sales Report from the National Association of Realtors (NAR), the inventory of homes for sale this year compared to last year has increased for the last four months, all while sales of existing homes have slowed compared to last year’s numbers. For over three years leading up to this … Read More

5 Tips When Buying a Newly Constructed Home
5 Tips When Buying a Newly Constructed Home | MyKCMThe lack of existing inventory for sale has forced many homebuyers to begin looking at new construction. When you buy a newly constructed home instead of an existing home, there are many extra steps that must take place. To ensure a hassle-free process, here are 5 tips to keep in mind if you are considering … Read More

2 Myths Holding Back Homeownership Buyers
2 Myths Holding Back Home Buyers | MyKCMUrban Institute recently released a report entitled, “Barriers to Accessing Homeownership: Down Payment, Credit, and Affordability,” which revealed that, “Consumers often think they need to put more money down to purchase a home than is actually required. In a 2017 survey, 68% of renters cited saving for a down payment as an obstacle to homeownership. Thirty-nine percent of renters … Read More

The Difference an Hour Will Make This Fall [INFOGRAPHIC]
The Difference an Hour Will Make This Fall [INFOGRAPHIC] | MyKCMEvery Hour in the US Housing Market:  596 Homes Sell 278 Homes Regain Positive Equity Median Home Values Go Up $1.20

How Will Home Sales Measure Up Next Year?
How Will Home Sales Measure Up Next Year? | MyKCMThere are many questions about where home sales are headed next year. We have gathered the most reliable sources to help answer this question. Here are our sources: Mortgage Bankers Association (MBA) – As the leading advocate for the real estate finance industry, the MBA enables members to successfully deliver fair, sustainable, and responsible real … Read More

Taking Fear Out of the Mortgage Process
Taking Fear Out of the Mortgage Process | MyKCMA considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainties about the buying process. A specific cause for concern tends to be mortgage qualification. For many, the mortgage process can be scary, but it doesn’t have to be! In order to qualify in today’s market, you’ll … Read More

Are You Spending TOO Much on Rent?
Are You Spending TOO Much on Rent? | MyKCMChances are if you are renting you are spending too much of your income on your monthly housing expense. There is a long-standing ‘rule’ that a household should not pay more than 28% of their income on their rent or mortgage payment. This percentage allows the household to save money for the future while comfortably covering … Read More

Thinking of Selling Your Home? Here’s Why You Need A Pro in Your Corner
Thinking of Selling Your Home? Here’s Why You Need A Pro in Your Corner | MyKCMWith home prices on the rise and buyer demand still strong, some sellers may be tempted to try and sell their homes on their own without using the services of a real estate professional. Real estate agents are trained and experienced in negotiation and, in most cases, the seller is not. Sellers must realize that … Read More

Buying a Home Can Be Scary… Until You Know the Facts [INFOGRAPHIC]
Buying a Home Can Be Scary... Until You Know the Facts [INFOGRAPHIC] | MyKCMSome Highlights: Many potential homebuyers believe that they need a 20% down payment and a 780 FICO® score to qualify to buy a home which stops many of them from even trying! Here are some facts: 72% of buyers who purchased homes this year have put down less than 20%. 76.4% of loan applications were … Read More

Where are Home Values Headed over the Next Few Years?
Where are Home Values Headed over the Next Few Years? | MyKCMThere are many questions about where home prices will be next year as well as where they may be headed over the next several years to come. We have gathered the most reliable sources to help answer these questions: The Home Price Expectation Survey – A survey of over 100 market analysts, real estate experts, … Read More

Still Think You Need 15-20% Down to Buy a Home? Think Again!
Still Think You Need 15-20% Down to Buy a Home? Think Again! | MyKCMAccording to a new study from Urban Institute, there are over 19 million millennials in 31 cities who are not only ready and willing to become homeowners, but are able to as well! Now that the largest generation since baby boomers has aged into prime homebuying age, there will no doubt be an uptick in … Read More

Housing Is Still Affordable in the United States!
Housing Is Still Affordable in the United States! | MyKCMLately, there have been many headlines circulating about whether or not there is an “affordability issue forming in the housing market.” If you are considering selling your current house and moving up to the home of your dreams, but are unsure whether or not to believe what you’re seeing in the news, let’s look at … Read More

Will Home Prices Continue to Increase?
Will Home Prices Continue to Increase? | MyKCMThere are many unsubstantiated theories about what is happening with home prices. From those who are worried that prices are falling (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are not at peak levels when they are adjusted for inflation), there … Read More

20 Tips for Preparing Your House for Sale This Fall [INFOGRAPHIC]
20 Tips For Preparing Your House For Sale | 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! Let’s get together to discuss a list of specific suggestions for getting your house ready for market & potential … 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