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4 Reasons to Sell Your House This Winter [INFOGRAPHIC]
4 Reasons to Sell Your House This Winter [INFOGRAPHIC] | MyKCMSome Highlights: Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available! Housing inventory is still under the 6-month supply needed to sustain a normal housing market. Perhaps the time has come for you and your family ... Read More
No Bubble Here! How New Mortgage Standards Are Helping
No Bubble Here! How New Mortgage Standards Are Helping | MyKCMReal estate is shifting to a more normal market; the days of national home appreciation topping 6% annually are over and inventories are increasing which is causing bidding wars to almost disappear. Some see these as signs that the market will soon come tumbling down as it did in 2008. As it becomes easier for ... Read More
Don’t Get Caught in the Rental Trap in 2019
Don't Get Caught in the Rental Trap in 2019 | MyKCMEvery year around this time, we take time to reflect and plan for next year. If you are renting your current home but have dreams of homeownership, your plan for the new year may include buying, and you wouldn’t be alone! According to the 2018 Bank of America Homebuyer Insights Report, 74% of renters plan ... Read More
How to Simply Increase Your Family Wealth by Paying for Housing
Everyone should realize that unless you are living somewhere rent-free, you are paying a mortgage – either yours or your landlord’s. Buying your own home provides you with a form of ‘forced savings’ that allows you to use your monthly housing costs to increase your family’s wealth. Every month that you pay your mortgage, you ... Read More
What If I Wait A Year to Buy a Home?
What If I Wait A Year to Buy a Home? | MyKCMNational home prices have increased by 5.4% since this time last year. Over that same time period, interest rates have remained near historic lows which has allowed many buyers to enter the market and lock in low rates. As a seller, you will likely be most concerned about ‘short-term price’ – where home values are headed over ... Read More
The Tale of Two Markets [INFOGRAPHIC]
The Tale of Two Markets [INFOGRAPHIC] | MyKCMSome Highlights: An emerging trend for some time now has been the difference between available inventory and demand in the premium and luxury markets and that in the starter and trade-up markets and what those differences are doing to prices! Inventory continues to rise in the luxury and premium home markets which is causing prices ... Read More
2008 vs. Now: Are Owners Using Their Homes as ATMs Again?
2008 vs. Now: Are Owners Using Their Homes as ATMs Again? | MyKCMOver the last six years, we have experienced strong price appreciation which has increased home equity levels dramatically. As the number of “cash-out” refinances begins to approach numbers last seen during the crash, some are afraid that we may be repeating last decade’s mistake. However, a closer look at the numbers shows that homeowners are ... Read More
Where Are Interest Rates Headed in 2019?
Where Are 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. ... Read More
Homeowners Aged 65+ Have 48x More Net Worth Than Renters
Homeowners Aged 65+ Have 48x More Net Worth Than Renters | MyKCMEvery three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data covers responses from 2013-2016. The study revealed that the median net worth of a homeowner was $231,400 – a 15% increase since 2013. At the same time, the median net worth of ... Read More
4 Reasons to Buy A Home This Winter!
4 Reasons to Buy A Home This Winter! | 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 Insight report revealed that home prices have appreciated by 5.6% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.7% over the next year. ... Read More
Home Prices Up 6.34% Across the Country! [INFOGRAPHIC]
Home Prices Up 6.34% Across the Country! [INFOGRAPHIC] | MyKCMSome Highlights: The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. In the report, home prices are compared both regionally and by state. Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more!
Further Proof It’s NOT 2008 All Over Again
Further Proof It’s NOT 2008 All Over Again | MyKCMHome sales numbers are leveling off, the rate of price appreciation has slowed to more historically normal averages, and inventory is finally increasing. We are headed into a more normal housing market. However, some are seeing these adjustments as red flags and are suggesting that we are headed back to the same challenges we experienced ... Read More
24% of Renters Believe Winter is the Best Time to Buy a Home
24% of Renters Believe Winter is the Best Time to Buy a Home | MyKCMIn real estate, the spring is often seen as the ideal time to buy or sell a house. The term “Spring Buyer’s Season” exists for a reason, as renters and those looking to move on from their current home thaw out from the winter and hit the market ready to buy. According to Bank of ... Read More
The #1 Reason to Not Wait Until Spring to Sell Your House
The #1 Reason to Not Wait Until Spring to Sell Your House | MyKCMMany sellers believe that spring is the best time to place their homes on the market because buyer demand traditionally increases at that time of year, but what they don’t realize is that if every homeowner believes the same thing, then that is when they will have the most competition! The #1 Reason to List ... Read More
Buyers: Don’t Be Surprised by Closing Costs!
Buyers: Don’t Be Surprised by Closing Costs! | MyKCMMany homebuyers think that saving for their down payment is enough to buy the house of their dreams, but what about the closing costs that are required to obtain a mortgage? By law, a homebuyer will receive a loan estimate from their lender 3 days after submitting their loan application and they should receive a ... Read More
Existing Home Sales Slowed by a Lack of Listings [INFOGRAPHIC]
Existing Home Sales Reverse Trend as Buyers Return [INFOGRAPHIC] | MyKCMSome Highlights: Existing home sales are currently at an annual pace of 5.22 million, which is up 1.4% over last month. This reverses the six-month trend of dips in sales every month. The inventory of existing homes is still below the 6-month supply needed for a normal market and is now at a 4.3-month supply. ... Read More
Thank You for Your Support!
Thank You for Your Support! | MyKCMHave a great holiday!
Will Your Side Hustle Buy You a House This Year?
Will Your Side Hustle Buy You a House This Year? | MyKCMThe top concern for most first-time home buyers is their ability to save for a down payment. According to a new survey, 36% of millennials took on a second job to make their dreams of homeownership a reality in 2017. Among millennials with incomes over $100,000 a year, the top ways to come up with ... Read More
Females Are Making It a Priority to Invest in Real Estate!
Females Are Making It a Priority to Invest in Real Estate! | MyKCMEveryone wants a place to call home; a place that gives them a sense of security. We are currently seeing major interest from females who want to achieve this dream, and the numbers are proving it! In 2018, for the second year in a row, single female buyers accounted for 18% of all buyers. In ... Read More
7 Reasons to List Your House For Sale This Holiday Season
7 Reasons to List Your House for Sale This Holiday Season | MyKCMEvery year at this time there are many homeowners who decide to wait until after the holidays to list their homes for the first time, while others who already have their homes on the market decide to take them off until after the holidays. Here are seven great reasons not to wait: Relocation buyers are ... Read More