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Blogs

Millennials Are Increasing The Demand For Condominiums

by Carolyn Weinert in Blogs.

When deciding to buy a home, people are presented with many different options. The type of home you buy depends on your needs, budget, and in many cases, the desired maintenance level. For many millennials, their choice has been buying a condominium! According to CoreLogic, “Last year about 43% of all condo home-purchase mortgage applications were submitted […]

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10 Steps To Buying A Home This Summer [INFOGRAPHIC]

by Carolyn Weinert in Blogs.

Some Highlights: If you are thinking of buying a home, you may not know where to start. Here is a simple list of 10 steps that you will go through to purchase a home. Make sure to ask your agent for details about each step and what else may be required in your area!

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How Homeownership Delivers Unsurpassed Family Wealth

by Carolyn Weinert in Blogs.

There are many financial benefits to homeownership, but probably none more important than its ability to create family wealth. How Housing Matters is a joint project of the Urban Land Institute and the MacArthur Foundation. It is an online resource for research and information on how homeownership contributes to individual and community success. Their article, The First Rung on the […]

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5 Reasons To Sell Your House This Summer

by Carolyn Weinert in Blogs.

Here are 5 compelling reasons listing your home for sale this summer makes sense. 1. Demand Is Strong The latest Buyer Traffic Index from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase… and are in the market right now! […]

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Stop Wondering What Your Budget Is & Get Pre-Approved!

by Carolyn Weinert in Blogs.

In 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 that you are serious about buying your dream home is to get pre-qualified or pre-approved for a […]

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Young First-Time Buyers Are Saving For Their Dream Homes

by Carolyn Weinert in Blogs.

Young buyers (Millennials & Gen Z) have waited longer than previous generations to enter the housing market for their first home. However, this hasn’t stopped them from dreaming about the home they will eventually buy. Many spend hours searching listings and building Pinterest boards of their favorite home features. According to a survey from Open Listings, 70% of single renters […]

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Top 5 Reasons You Should NOT FSBO

by Carolyn Weinert in Blogs.

Rising home prices coupled with a lack of inventory in today’s market may cause some homeowners to consider selling their home on their own (known in the industry as a For Sale By Owner). However, a FSBOmight not be a good idea for the vast majority of sellers. The top 5 reasons are listed below: 1. Online […]

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Is Mortgage Debt Out Of Control?

by Carolyn Weinert in Blogs.

The housing crisis of the last decade was partially caused by unhealthy levels of mortgage debt. Homeowners were using their homes as ATMs by refinancing and swapping their equity for cash. When prices started to fall, many homeowners found themselves in a negative equity situation (where their mortgage was higher than the value of their […]

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A Lack of Inventory Continues to Impact the Housing Market

by Carolyn Weinert in Blogs.

The 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 and distressed sales (foreclosures and short sales) have fallen to their lowest point in years. The market will continue to strengthen in 2019. However, there is one thing that […]

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New Research Shows Housing Is Affordable For First-Time Buyers

by Carolyn Weinert in Blogs.

Home prices have been on the rise for the last seven years, leading many housing market analysts to conclude that first-time homebuyers are being shut out of the market due to affordability concerns. The National Association of Realtors (NAR) reports on the percentage of First-Time Home Buyers (FTHB) on a monthly and yearly basis. Their latest report shows that […]

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What is Really Happening with Home Prices?

by Carolyn Weinert in Blogs.

Home values have softened over the last twelve months. We are no longer seeing 6-7% annual appreciation levels for the national housing market. The current numbers are closer to 4%. Some have suggested that year-over-year appreciation levels could fall to 3% or less this year. However, a stronger-than-expected economy and a good spring housing market […]

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Starting the Search for Your Dream Home? Here Are 5 Tips!

by Carolyn Weinert in Blogs.

n today’s real estate market, low inventory dominates the conversation in many areas of the country. It can often be frustrating to be a first-time homebuyer if you aren’t prepared. In a realtor.com article entitled, “How to Find Your Dream Home—Without Losing Your Mind,” the author highlights some steps that first-time homebuyers can take to help carry their excitement of […]

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Boomerang Buyers: Don’t Be Afraid to Buy a Home Again!

by Carolyn Weinert in Blogs.

According to CoreLogic, from 2006 to 2014 “there were 7.3 million housing foreclosures and 1.9 million short sales.” The hesitation some Americans feel after experiencing a foreclosure brings to mind the old saying: “Fool me once- shame on you. Fool me twice- shame on me.” According to the 2019 Home Buyer Report from NerdWallet, “Thirteen percent of Americans have […]

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Multigenerational Homes Are on the Rise

by Carolyn Weinert in Blogs.

As loved ones start to get older, we start to wonder: how long will they be able to live alone? Will they need someone there to help them with daily life? There’s a reason to ask those questions now more than ever, as the average life expectancy in the U.S. is 78 years old! As a result, 41% of […]

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2 Things You Need to Know to Properly Price Your Home

by Carolyn Weinert in Blogs.

In today’s housing market, home prices are increasing at a slower pace (3.7%) than they have over the last eight years (6-7%). However, they are still are above historical norms. Low supply of listed homes and high demand from buyers has pushed prices to rise rapidly. In the mind of the homeowner, annual home price […]

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The Ultimate Truth about Housing Affordability

by Carolyn Weinert in Blogs.

There have been many headlines decrying an “affordability crisis” in the residential real estate market. While it is true that buying a home is less affordable than it had been over the last ten years, we need to understand why and what that means. On a monthly basis, the National Association of Realtors (NAR), produces a Housing Affordability […]

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How To Have A Unique Open House

by Carolyn Weinert in Blogs.

According to the National Association of Realtors, total inventory has been growing for six months straight, as has the number of buyers looking to find their dream home. In a market where inventory is increasing, you want to stand out in the crowd! This quote from Grandscope puts it well: “You can differentiate from competition by WOWing or exciting customers, not just trying to compete […]

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Why An Economic Slowdown Will NOT Crush Real Estate This Time

by Carolyn Weinert in Blogs.

Last week, the National Association for Business Economics released their February 2019 Economic Policy Survey. The survey revealed that a majority of the panel believe an economic slowdown is in the near future: “While only 10% of panelists expect a recession in 2019, 42% say a recession will happen in 2020, and 25% expect one in 2021.” Their […]

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The Housing Market Will “Spring Forward” This Year!

by Carolyn Weinert in Blogs.

Just like our clocks this weekend, in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale has been holding back the market. Many potential sellers believe that waiting until Spring is in their best interest. Traditionally, they would have been right. Buyer demand […]

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2 Reports That Say Now Is A Great Time To Sell

by Carolyn Weinert in Blogs.

Heading into the spring buying market, there are strong trends starting to emerge. The inventory of homes for sale has increased on a year-over-year basis for eight months in a row. Home price appreciation has continued to grow, although at a slower rate. The homeownership rate has reached heights last seen in 2014, with millennials […]

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What Are The Benefits Of Becoming A Homeowner?

by Carolyn Weinert in Blogs.

Every family has a list of important dates. We celebrate birthdays, anniversaries, pet adoptions…and the list goes on. For 64.4 percent of households in the United States, this list includes the day they became a homeowner for the first time! Why is this date important? Homeownership is not just a roof over your head! It represents shelter, […]

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How Can I Increase My Family’s Net Worth?

by Carolyn Weinert in Blogs.

Every three years, the Federal Reserve conducts their Survey of Consumer Finances. Data is collected across all economic and social groups. The latest survey data covers 2013-2016. The study revealed that the median net worth of a homeowner is $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased by […]

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3 Reasons Why We Are Not Heading Toward Another Housing Crash

by Carolyn Weinert in Blogs.

With home prices softening, some are concerned that we may be headed toward the next housing crash. However, it is important to remember that today’s market is quite different than the bubble market of twelve years ago. Here are three key metrics that will explain why: Home Prices Mortgage Standards Foreclosure Rates HOME PRICES A […]

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Why A Normal Market Is Just What We Need

by Carolyn Weinert in Blogs.

The housing market has been hot for a while now. Homes have been flying off the shelves as fast as they have been listed. Buyers have been competing in bidding wars just to find a home to buy, let alone find their dream home. This ‘seller’s market’ has driven home prices to new heights. Home price appreciation […]

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2019 Will Be A Great Year For Buyers AND Sellers

by Carolyn Weinert in Blogs.

Many homeowners believe that rising interest rates and home prices have scared away buyers and therefore have not listed their houses for sale. However, the truth is that buyers who were unable to find a home last year are out in force, and there are even more coming! NerdWallet’s 2018 Home Buyer Report revealed that: “Approximately one-third (32%) of Americans plan […]

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Millionaire To Millennials: Don’t Get Stuck Renting A Home… Buy One!

by Carolyn Weinert in Blogs.

In a CNBC article, self-made millionaire David Bach explained that: “The biggest mistake millennials are making is not buying their first home.” He goes on to say that, “If you want to build real financial security, real wealth for your lifetime, then you need to buy a home.” Bach went on to explain: “Homeowners are worth 40 times more […]

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How To List Your Home For The Best Price

by Carolyn Weinert in Blogs.

If your plan for 2019 includes selling your home, you will want to pay attention to where experts believe home values are headed. According to the latest Home Price Index from CoreLogic, home prices increased by 4.7% over the course of 2018. The map below shows the results of the latest index by state. Real estate is local. […]

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Why Homeownership Matters Now More Than Ever

by Carolyn Weinert in Blogs.

Study after study shows that no matter what generation Americans belong to, the vast majority believe that homeownership is an important part of their American Dream. The benefits of homeownership can be broken into two main categories: financial and non-financial (often referred to as emotional or social reasons.) For Americans approaching retirement age, one of […]

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First Comes Love… Then Comes Mortgage? Couples Lead The Way

by Carolyn Weinert in Blogs.

  According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time homebuyer statistics in 2018 at 54% of all buyers. It is no surprise that buying a home is more attainable with two incomes to save for down payments and contribute to monthly housing costs. However, […]

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Why You Should Not For Sale By Owner

by Carolyn Weinert in Blogs.

n today’s market, as home prices rise and a lack of inventory continues, some homeowners may consider trying to sell their homes 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 most sellers. Here are the top five reasons: […]

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Excited About Buying A Home This Year? Here’s What To Watch

by Carolyn Weinert in Blogs.

As we kick off the new year, many families have made resolutions to enter the housing market in 2019. Whether you are thinking of finally ditching your landlord and buying your first home or selling your starter house to move into your forever home, there are two pieces of the real estate puzzle you need […]

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Belief In Homeownership As An Investment Is Far From Dead

by Carolyn Weinert in Blogs.

Following last year’s real estate market was like riding a rollercoaster. The market started off strong in 2018 and then softened before finishing with a mild flurry. However, one thing that did not waiver was America’s belief that owning a home makes sense from a financial standpoint. An end-of-the-year survey by the Federal Reserve Bank’s Center for Microeconomic Data revealed […]

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Want To Get The Most Money From The Sale Of Your Home? Use These 2 Tips!

by Carolyn Weinert in Blogs.

Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive the maximum value for your house? Here are two keys to ensure that you get the highest price possible. 1. Price it a LITTLE LOW  This may seem counterintuitive, but let’s look […]

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The Best Time To List Your House? TODAY!

by Carolyn Weinert in Blogs.

You may have heard that the housing market is softening. There is no doubt that buyer traffic has decreased. There are fewer purchasers in the market than there were last month and at this time last year. What you may not have heard, however, is that there is still a severe shortage of listing inventory […]

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Buying A House This Year? This Should Be Your 1st Step!

by Carolyn Weinert in Blogs.

In 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 that you are serious about buying your dream home is to get pre-qualified or pre-approved for a […]

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Buying A Home Young Is The Key To Building Wealth

by Carolyn Weinert in Blogs.

Homeowners who purchase their homes before the age of 35 are better prepared for retirement at age 60, according to a new Urban Institute study. The organization surveyed adults who turned 60 or 61 between 2003 and 2015 for their data set. “Today’s older adults became homeowners at a younger age than today’s young adults. Half the […]

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Selling Your Home? Make Sure The Price Is Right!

by Carolyn Weinert in Blogs.

If you’ve ever watched “The Price is Right,” you know that the only way to win is to be the one to correctly guess the price of the item you want without going over! That means your guess must be just slightly under the retail price. In today’s shifting real estate market, where more inventory is coming […]

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The Difference Having A Professional On Your Side Makes

by Carolyn Weinert in Blogs.

n today’s fast-paced world, where answers are a Google search away, there are some who may wonder what the benefits of hiring a real estate professional to help them in their home search are. The truth is, with the addition of more information, comes more confusion. Shows like Property Brothers, Fixer Upper and the dozens more on HGTV have given many a […]

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The Importance Of Homeownership To The American Dream

by Carolyn Weinert in Blogs.

For centuries, people in this country have seen homeownership as part of the American Dream. Whether they were born here or immigrated from another country, they wanted to own a piece of America. With so many prominent societal changes over the last few decades, it is fair to ask if people in America still feel […]

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3 Things You Need In A Shifting Real Estate Market

by Carolyn Weinert in Blogs.

Whether you are thinking of selling your house or buying a home, today’s real estate headlines can be confusing – perhaps even concerning. What is actually happening with mortgage rates? Are home values dropping or are they just rising at a slower pace? What impact will the economy have on the housing market? If you […]

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Millionaire To Millennials: Owning Your Home Can Help You Retire Sooner!

by Carolyn Weinert in Blogs.

In a CNBC article, self-made millionaire David Bach explained that: “Buying a home is the escalator to wealth in America. Homeownership can also help you retire early, that is, if you pay your mortgage off.” Bach suggests that homebuyers should, “Take out a 30-year mortgage, but with the intention of paying it off in 25, 20 or ideally, 15 […]

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5 Reasons To Hire A Real Estate Professional Before Entering The Market!

by Carolyn Weinert in Blogs.

Whether you are buying or selling a home, it can be quite the adventure. In this world of instant gratification and internet searches, many sellers think that they can ‘For Sale by Owner’ or ‘FSBO,’ but it’s not as easy as it may seem. That’s why you need an experienced real estate professional to guide you on the path to […]

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You Need An Agent Who Will Always Put You First

by Carolyn Weinert in Blogs.

Whether you are a rookie homebuyer or have gone through the process many times, having a local real estate expert who is well versed in the neighborhood you are looking to move to, as well as the trends of that area, should be your goal while home shopping. One great example of an agent who is in […]

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Selling Your Home? Here’s 2 Ways To Get The Best Price!

by Carolyn Weinert in Blogs.

Every homeowner wants to make sure that they maximize their financial reward when selling their home, but how do you guarantee that you receive the maximum value for your house? Here are two ways to ensure that you get the highest price possible. 1. Price it a Little Low This may seem counterintuitive, but let’s […]

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Housing Will Not Fall Victim To Next Economic Storm

by Carolyn Weinert in Blogs.

Some experts are calling for a slowdown in the economy later this year and most economists have predicted that the next recession could only be eighteen months away. The question is, what impact will a recession have on the housing market? Here are the opinions of several experts on the subject: Ivy Zelman in her latest “Z Report”: […]

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Demand For Homes To Buy Continues To Climb

by Carolyn Weinert in Blogs.

Across the United States, there is a severe mismatch between the low number of houses for sale and the high demand for those houses! First-time homebuyers are out in force and are being met with a highly competitive summer real estate market. According to the National Association of Realtors (NAR), the inventory of homes for sale “has fallen year-over-year for […]

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House-Buying Power At Near-Historic Levels

by Carolyn Weinert in Blogs.

We keep hearing that home affordability is approaching crisis levels. While this may be true in a few metros across the country, housing affordability is not a challenge in the clear majority of the country. In their most recent Real House Price Index, First American reported that consumer “house-buying power” is at “near-historic levels.” Their index is based […]

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Rising Interest Rates Have Not Dampened Demand

by Carolyn Weinert in Blogs.

Since the beginning of the year, mortgage interest rates have risen over a half of a percentage point (from 3.95% to 4.52%), according to Freddie Mac. Even a small rise in interest rates can greatly impact a buyer’s monthly mortgage payment. First American recently released the results of their quarterly Real Estate Sentiment Index (RESI), in which they surveyed title and real […]

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How Long Do Most Families Live In A House?

by Carolyn Weinert in Blogs.

The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of their data points, which has changed dramatically, is the median tenure of a family in a home, meaning how long a family stays in a home prior to moving. As the graph below shows, over the last twenty years (1985-2008), the median tenure […]

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4 Steps To Follow When Presenting An Offer In Today’s Market!

by Carolyn Weinert in Blogs.

So, 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 4 […]

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The Impact Of Tight Inventory On The Housing Market

by Carolyn Weinert in Blogs.

The 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. It seems that the market will continue to strengthen in […]

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712,000 Homes In The US Regained Equity In The Past 12 Months!

by Carolyn Weinert in Blogs.

CoreLogic’s latest Equity Report revealed that “over the past 12 months, 712,000 borrowers moved into positive equity.” This is great news, as the share of homeowners with negative equity (those who owe more than their home is worth), has dropped more than 20% since the peak in Q4 of 2009 (26%) to 4.9% today. The report also revealed: The average homeowner […]

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Thinking Of Selling? Now Is The Perfect Time

by Carolyn Weinert in Blogs.

It is common knowledge that a great number of homes sell during the spring-buying season. For that reason, many homeowners hold off on putting their homes on the market until then. The question is whether or not that will be a good strategy this year. The other listings that do come out in the spring […]

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Wondering If You Can Buy Your First Home?

by Carolyn Weinert in Blogs.

There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they are married and have a family, others might think they are too young, and still, others might think their current […]

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Buying A Home Is More Affordable Than Renting In 54% Of US Counties

by Carolyn Weinert in Blogs.

According to ATTOM Data Solutions’ 2018 Rental Affordability Report, “buying a median-priced home is more affordable than renting a three-bedroom property in 240 of 447 [or 54% of] U.S. counties analyzed for the report.” For the report, ATTOM Data Solutions compared recently released fair market rent data from the Department of Housing and Urban Development with reported income amounts from the Department […]

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Why You Need A Professional On Your Team When Buying A Home

by Carolyn Weinert in Blogs.

Many people wonder whether they should hire a real estate professional to assist them in buying their dream homes or if they should first try to go through the buying process on their own. In today’s market: you need an experienced professional! You Need an Expert Guide If You Are Traveling a Dangerous Path The […]

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Gap Between Homeowners & Appraisers Narrows To Lowest Mark In 2 Years

by Carolyn Weinert in Blogs.

In 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 4% or more over the next twelve months. One major challenge in such a market is the bank appraisal. When prices are surging, it is […]

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If You’re Considering Selling, ACT NOW!!

by Carolyn Weinert in Blogs.

Definitely an aggressive headline. However, as the final data on the 2017 housing market rolls in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME! How did we finish 2017? New-home sales were at their highest level in a decade. Sales of previously owned homes were […]

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U.S. Housing Inventory Crunch Continues… List Your House Today!

by Carolyn Weinert in Blogs.

Every winter, families across the country decide if this will be the year that they sell their current houses and move into their dream homes. Mortgage rates hovered around 4% for all of 2017 which forced many buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW! At the same time, however, […]

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2 Major Myths Holding Back Home Buyers

by Carolyn Weinert in Blogs.

Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership,” which revealed that “eighty percent of consumers either are unaware of how much lenders require for a down payment or believe all lenders require a down payment above 5 percent.” Myth #1: “I Need a 20% Down Payment” Buyers often overestimate the down payment funds needed to qualify […]

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Bidding Wars Abound… How Long Will They Continue?

by Carolyn Weinert in Blogs.

Just like with any product or service, the law of supply and demand impacts home prices. Any time that there is less supply than the market demands, prices increase. In many areas of the country, the supply of homes for sale in the starter and trade-up home markets is so low that bidding wars have ensued, and […]

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5 Reasons Homeownership Makes ‘Cents’

by Carolyn Weinert in Blogs.

The American Dream of homeownership is alive and well. Recent reports show that the US homeownership rate has rebounded from recent lows and is headed in the right direction. The personal reasons to own differ for each buyer, but there are many basic similarities. Today we want to talk about the top 5 financial reasons you should own your […]

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7 Reasons To List Your Home This Holiday Season

by Carolyn Weinert in Blogs.

Every year at this time, many homeowners decide to wait until after the holidays to put their homes on the market 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 […]

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Your Friends Are Crazy Wrong If They’re Telling You Not To Buy

by Carolyn Weinert in Blogs.

The current narrative is that home prices have risen so much so that it is no longer a smart idea to purchase a home. Your family and friends might suggest that buying a home right now (whether a first-time home or a move-up home) makes absolutely no sense from an affordability standpoint. They are wrong! Homes […]

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Feeling ‘Stuck In Place’? You Aren’t Alone… And There’s Hope!

by Carolyn Weinert in Blogs.

Whether you are a renter who is searching for your dream home or a homeowner who feels like your only option is to renovate, you have at least one thing in common: feeling stuck in place. According to data from the National Association of Realtors’ Profile of Home Buyers & Sellers, the average amount of time that […]

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Homeowners: Your House Must Be Sold TWICE

by Carolyn Weinert in Blogs.

In 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%+ over the next twelve months. One major challenge in such a market is the bank appraisal. If prices are surging, it is difficult for […]

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Top 4 Home Renovations For Maximum ROI [INFOGRAPHIC]

by Carolyn Weinert in Blogs.

Some 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). While big projects like adding a bathroom or a complete remodel of a kitchen […]

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Bubble Alert! Is It Getting Too Easy To Get A Mortgage?

by Carolyn Weinert in Blogs.

There is little doubt that it is easier to get a home mortgage today than it was last year. The Mortgage Credit Availability Index (MCAI), published by the Mortgage Bankers Association, shows that mortgage credit has become more available in each of the last several years. In fact, in just the last year: More buyers are putting less than […]

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Existing Home Sales Slowed By A Lack Of Listings [INFOGRAPHIC]

by Carolyn Weinert in Blogs.

Some Highlights: The inventory of existing homes for sale has dropped year-over-year for the last 29 consecutive months and is now at a 3.9-month supply. Existing home sales are currently at an annual pace of 5.48 million, the highest pace since June of this year, but down 0.9% from October 2016. NAR’s Chief Economist, Lawrence Yun, […]

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More Than Half Of All Buyers Are Surprised By Closing Costs

by Carolyn Weinert in Blogs.

BY THE KCM CREW According to a survey conducted by ClosingCorp, over half of all homebuyers are surprised by the closing costs required to obtain their mortgage. After surveying 1,000 first-time and repeat homebuyers, the results revealed that 17% of homebuyers were surprised that closing costs were required at all, while another 35% were stunned by how much higher the […]

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The Mortgage Process: What You Need To Know [INFOGRAPHIC]

by Carolyn Weinert in Blogs.

BY THE KCM CREW Some Highlights: Many buyers are purchasing a home with a down payment as little as 3%. You may already qualify for a loan, even if you don’t have perfect credit. Take advantage of the knowledge of your local professionals who are there to help you determine how much you can afford.

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How To Get The Most Money From The Sale Of Your Home

by Carolyn Weinert in Blogs.

BY THE KCM CREW Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensure that you get the highest price possible. 1. Price it a LITTLE LOW  This may seem counterintuitive. However, […]

Read more >>


Should I Buy A Home Now? Or Wait Until Next Year? [INFOGRAPHIC]

by Carolyn Weinert in Blogs.

BY THE KCM CREW Some 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 4.4% by next year. CoreLogic predicts home prices to appreciate by 5.0% […]

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What To Look For In Your Real Estate Team

by Carolyn Weinert in Blogs.

BY THE KCM CREW How do you select the members of your team who are going to help you make your dream of owning a home a reality? What should you be looking for? How do you know if you’ve found the right agent or lender? The most important characteristic that you should be looking for […]

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You Don’t Want To Hear This From Your Listing Agent

by Carolyn Weinert in Blogs.

BY THE KCM CREW You’ve decided to sell your house. You begin to interview potential real estate agents to help you through the process. You need someone you trust enough to: Set the market value on possibly the largest asset your family owns (your home) Set the time schedule for the successful liquidation of that asset […]

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Which Homes Have Increased In Value The Most?

by Carolyn Weinert in Blogs.

BY THE KCM CREW Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Reportfrom the National Association of Realtors puts the annual increase in the median existing-home price at 5.6%. CoreLogic, in their most recent Home Price Index Report, revealed that national home prices have increased by 6.7% year-over-year. CoreLogic broke appreciation down ever further into four price […]

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A Tale Of Two Markets: A 6-Month Update

by Carolyn Weinert in Blogs.

BY THE KCM CREW Six months ago, we reported that the mismatch between the type of inventory of homes for sale and the demand of buyers in the US was causing the formation of two markets. In the starter and trade-up home categories, there were significantly more buyers than there were homes for sale, causing a seller’s market. In the […]

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The Truth About Homeowner Equity

by Carolyn Weinert in Blogs.

BY THE KCM CREW A recent article from a reputable news source was titled: Here’s why some homeowners still can’t sell. In the opening bullets of the article, the author claimed, “Negative equity is one of the main reasons why there are so few homes for sale.” The article then goes on to soften that stance but we want […]

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Existing Home Sales Surge Into Summer [INFOGRAPHIC]

by Carolyn Weinert in Blogs.

Some Highlights: Existing Home Sales reached their third highest mark this year in May. Inventory of homes for sale has dropped 8.4% since last year, marking the 24th consecutive month of year-over-year declines. NAR’s Chief Economist, Lawrence Yun had this to say: “Those able to close on a home last month are probably feeling both happy and relieved. Listings […]

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2 Myths Holding Back Home Buyers

by Carolyn Weinert in Blogs.

In Realtor.com’s recent article, “Home Buyers’ Top Mortgage Fears: Which One Scares You?” they mention that “46% of potential home buyers fear they won’t qualify for a mortgage to the point that they don’t even try.” Myth #1: “I Need a 20% Down Payment” Buyers overestimate the down payment funds needed to qualify for a home loan. According […]

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The Importance Of Home Equity In Retirement Planning

by Carolyn Weinert in Blogs.

We often discuss the difference in family wealth between homeowner households and renter households. Much of that difference is the result of the equity buildup that homeowners experience over the time that they own their home. In a report recently released by the nonpartisan Employee Benefit Research Institute (EBRI), they reveal how valuable equity can be in retirement planning. Craig Copeland, Senior […]

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NAR Data Shows Now Is A Great Time To Sell!

by Carolyn Weinert in Blogs.

We all realize that the best time to sell anything is when demand is high and the supply of that item is limited. Two major reports issued by the National Association of Realtors (NAR) revealed information that suggests that now continues to be a great time to sell your house. Let’s look at the data covered in the […]

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Median Days On The Market Drops To 27! [INFOGRAPHIC]

by Carolyn Weinert in Blogs.

Some Highlights: The National Association of REALTORS® surveyed their members for their monthly Confidence Index. The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions. Homes sold in less than a month in […]

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Why Working with a Local Real Estate Professional Makes All the Difference

by Carolyn Weinert in Blogs.

by The KCM Crew If you’ve entered the real estate market, as a buyer or a seller, you’ve inevitably heard the real estate mantra, “location, location, location” in reference to how identical homes can increase or decrease in value due to where they’re located. Well, a new survey shows that when it comes to choosing a […]

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What Would You Sacrifice to Save For Your Next Home? [INFOGRAPHIC]

by Carolyn Weinert in Blogs.

by The KCM Crew Some Highlights: 95% of first-time homebuyers are willing to sacrifice to make homeownership a reality. The top item that buyers sacrifice is new clothes, at 54%. Even repeat or experienced buyers say they sacrificed taking a vacation or buying a new car to buy their last home

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If Your Home Hasn’t Sold Yet… Definitely Check the Price!

by Carolyn Weinert in Blogs.

by The KCM Crew The residential housing market has been hot. Home sales have bounced back solidly and are now at their fourth highest pace over the past year. Demand has remained strong ­throughout spring as many real estate professionals are reporting bidding wars with many homes selling above listing price. What about your house? If your […]

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69% of Buyers are Wrong About Down Payment Needs

by Carolyn Weinert in Blogs.

by The KCM Crew According to a recent survey conducted by Genworth Financial Inc. at the Annual Mortgage Bankers’ Association Secondary Market Conference, mortgage professionals say that first-time buyers still believe a 20% down payment is necessary to buy in today’s market. Nearly 40% of mortgage industry professionals surveyed believe that a lack of knowledge […]

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Home ownership Is a Good Financial Investment!

by Carolyn Weinert in Blogs.

by The KCM Crew According to a recent report by Trulia, “buying is cheaper than renting in 100 of the largest metro areas by an average of 33.1%.” The report may have some people thinking about buying a home instead of signing another lease extension, but does that make sense from a financial perspective? Ralph McLaughlin, Trulia’s Chief Economist explains: […]

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The TRUTH Behind the RENT vs. BUY Debate

by Carolyn Weinert in Blogs.

by The KCM Crew In a blog post published last Friday, CNBC’s Diana Olnick reported on the latest results of the FAU Buy vs. Rent Index. The index examines the entire US housing market and then isolates 23 major markets for comparison. The researchers at FAU use a “‘horse race’ comparison between an individual that […]

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Are Home Prices Approaching Bubble Territory?

by Carolyn Weinert in Blogs.

by The KCM Crew As home values continue to rise, some are questioning whether we are approaching another housing bubble. Zillow just reported that: “National home values have surpassed the peak hit during the housing bubble and are at their highest value in more than a decade.” Though that statement is correct, we must realize […]

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Do You Know How Much Equity You Have in Your Home?

by Carolyn Weinert in Blogs.

by The KCM Crew CoreLogic’s latest Equity Report revealed that 91,000 properties regained equity in the first quarter of 2017. This is great news for the country, as 48.2 million of all mortgaged properties are now in a positive equity situation. Price Appreciation = Good News for Homeowners Frank Nothaft, CoreLogic’s Chief Economist, explains: “One million borrowers achieved positive equity […]

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The Supply & Demand Problem Plaguing New Construction

by Carolyn Weinert in Blogs.

by The KCM Crew Many real estate economists have called on new home builders to ramp up production to help relieve the shortage of inventory of homes for sale throughout the United States. The added inventory would no doubt aid buyers in their search to secure their dream home, while also helping to ease price […]

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The Importance of Home Equity in Retirement Planning

by Carolyn Weinert in Blogs.

by The KCM Crew We often discuss the difference in family wealth between homeowner households and renter households. Much of that difference is the result of the equity buildup that homeowners experience over the time that they own their home. In a report recently released by the nonpartisan Employee Benefit Research Institute (EBRI), they reveal […]

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The Cost of Renting vs. Buying in the US [INFOGRAPHIC]

by Carolyn Weinert in Blogs.

by The KCM Crew Some 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 (29.2%) vs. the percentage needed to buy a median-priced home (15.8%), the choice becomes obvious. Every market is different. Before you renew […]

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4 Reasons to Buy This Summer!

by Carolyn Weinert in Blogs.

by The KCM Crew Here are four great reasons to consider buying a home today, instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 7.1% over the last 12 months. The same report predicts that prices will continue to increase at a rate […]

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Can Your Real Estate Agent Answer These Important Questions?

by Carolyn Weinert in Blogs.

by The KCM Crew Whether you are selling or buying a home, the real estate agent you hire is critical to guaranteeing your family makes the right decision. Most agents can walk you through the process and explain the industry ‘lingo,’ but you should expect so much more than that. The housing crisis made everyone […]

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5 Reasons You Should Sell This Summer

by Carolyn Weinert in Blogs.

by The KCM Crew Here 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 […]

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Do You Know the Cost of Waiting? [INFOGRAPHIC]

by Carolyn Weinert in Blogs.

The KCM Crew Some Highlights: The “Cost of Waiting to Buy” is defined as the additional funds it would take to buy a home if prices and interest rates were to increase over a period of time. Freddie Mac predicts that interest rates will increase to 4.8% by this time next year, while home prices […]

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Top Home Renovations for Maximum ROI [INFOGRAPHIC]

by Carolyn Weinert in Blogs.

by The KCM Crew Some 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). While big projects like adding a bathroom or a […]

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Is 2017 the Year to Move Up to Your Dream Home? If So, Do It Early!

by Carolyn Weinert in Blogs.

by The KCM Crew If you are considering moving up to your dream home, it may be better to do it earlier in the year than later. The two components of your monthly mortgage payment (home prices and interest rates) are both projected to increase as the year moves forward, and interest rates may increase […]

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Inventory Shortages Are Slowing Down the Market

by Carolyn Weinert in Blogs.

by The KCM Crew The real estate market is moving more and more into a complete recovery. Home values are up. Home sales are up. Distressed sales (foreclosures and short sales) have fallen dramatically. It seems that 2017 will be the year that the housing market races forward again. However, there is one thing that […]

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Gallup: Real Estate is Best Long-Term Investment 4 Years Running

by Carolyn Weinert in Blogs.

by The KCM Crew Every year, Gallup surveys Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds. For the fourth year in a row, Real Estate has come out on top as the best long-term investment! This year’s results […]

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3 Reasons the Housing Market is NOT in a Bubble

by Carolyn Weinert in Blogs.

by The KCM Crew With housing prices appreciating at levels that far exceed historical norms, some are fearful that the market is heading for another bubble. To alleviate that fear, we just need to look back at the reasons that caused the bubble ten years ago. Last decade, demand for housing was artificially propped up […]

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What You Need to Know About Qualifying for a Mortgage [INFOGRAPHIC]

by Carolyn Weinert in Blogs.

by The KCM Crew Some Highlights: Many buyers are purchasing a home with a down payment as little as 3%. You may already qualify for a loan, even if you don’t have perfect credit. Take advantage of the knowledge of your local professionals who are there to help you determine how much you can afford.

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Do You Know the Cost of NOT Owning Your Home?

by Carolyn Weinert in Blogs.

by The KCM Crew Owning a home has great financial benefits, yet many continue renting! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed. Zillow recently reported that: “With Rents continuing to climb and interest […]

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4 Tips for Effectively Making an Offer

by Carolyn Weinert in Blogs.

by The KCM Crew So, you’ve been searching for that perfect house to call a ‘home,’ and you finally found one! The price is right, and in such a competitive market, you want to make sure that you make a good offer so that you can guarantee that your dream of making this house yours […]

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Real Estate Mogul: Here’s Why You Should Buy

by Carolyn Weinert in Blogs.

by The KCM Crew Real Estate mogul, Sean Conlon, host of The Deed: Chicago on CNBC, was recently asked the question, should you buy? Or should you rent a house? Conlon responded: “I am a true believer that you save every penny and you buy your first house… and that is still the fastest path […]

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How Fast Can You Save for a Down Payment?

by Carolyn Weinert in Blogs.

by The KCM Crew Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long it would take you to save for a down payment in each state. Using […]

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Slaying Home Buying Myths [INFOGRAPHIC]

by Carolyn Weinert in Blogs.

by The KCM Crew Some Highlights: Interest rates are still below historic numbers. 88% of property managers raised their rent in the last 12 months! The credit score requirements for mortgage approval continue to fall.

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US Housing Market Continues the Move into ‘Buy Territory’!

by Carolyn Weinert in Blogs.

by The KCM Crew According to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. housing market has continued to move deeper into buy territory, supporting the belief that housing markets across the country remain a sound investment. The BH&J Index is a quarterly report that attempts to answer the question: In today’s housing market, […]

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Thinking of Selling? Now Is the Time to Act

by Carolyn Weinert in Blogs.

by The KCM Crew If you thought about selling your house this year, now may be the time to do it. The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept of supply and demand: the best time […]

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3 Charts That Shout, ‘List Your Home Today!’

by Carolyn Weinert in Blogs.

by The KCM Crew In school, we all learned the theory of supply and demand. When the demand for an item is greater than the supply of that item, the price will surely rise. SUPPLY The National Association of Realtors (NAR) recently reported that the inventory of homes for sale stands at a 3.8-month supply. This is considerably lower […]

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Homes are Selling Fast Across the Country [INFOGRAPHIC]

by Carolyn Weinert in Blogs.

by The KCM Crew Some Highlights: The National Association of REALTORS® surveyed their members for their monthly Confidence Index. The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions. […]

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Why Millennials Choose to Buy [INFOGRAPHIC]

by Carolyn Weinert in Blogs.

by The KCM Crew Some Highlights: “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.” At 93%, the top reason Millennials choose to buy is […]

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The ‘REAL’ News about Housing Affordability

by Carolyn Weinert in Blogs.

by The KCM Crew Some industry experts are claiming that the housing market may be headed for a slowdown as we proceed through 2017, based on rising home prices and a potential jump in mortgage interest rates. One of the data points they use is the Housing Affordability Index, as reported by the National Association […]

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Buying this Spring? Be Prepared for Bidding Wars

by Carolyn Weinert in Blogs.

by The KCM Crew Traditionally, spring is the busiest season for real estate. Buyers come out in force and homeowners list their houses for sale hoping to capitalize on buyer activity. This year will be no different! Buyers have already been out in force looking for their dream homes and more are on their way, […]

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15,014 Homes Sold Yesterday… Did Yours?

by Carolyn Weinert in Blogs.

by The KCM Crew There are some homeowners that have been waiting for months to get a price they hoped for when they originally listed their house for sale. The only thing they might want to consider is… If it hasn’t sold yet, maybe it’s not priced properly. After all, 15,014 houses sold yesterday, 15,014 will sell today and 15,014 will […]

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Again… You Do Not Need 20% Down to Buy NOW!

by Carolyn Weinert in Blogs.

by The KCM Crew A survey by Ipsos found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. There are two major misconceptions that we want to address today. 1. Down Payment The survey revealed that consumers overestimate the down payment funds needed […]

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Home Prices Up 6.15% Across the Country! [INFOGRAPHIC]

by Carolyn Weinert in Blogs.

by The KCM Crew Some 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! Alaska, Delaware, West Virginia […]

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Consumer Confidence in Economy & Housing is Soaring

by Carolyn Weinert in Blogs.

by The KCM Crew The success of the housing market is strongly tied to the consumer’s confidence in the overall economy. For that reason, we believe 2017 will be a great year for real estate. Here is just a touch of the news coverage on the subject. HousingWire: “Consumers’ faith in the housing market is […]

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Looking to Move-Up to a Luxury Home? Now’s the Time!

by Carolyn Weinert in Blogs.

by The KCM Crew If your house no longer fits your needs and you are planning on buying a luxury home, now is a great time to do so! We recently shared data from Trulia’s Market Mismatch Study which showed that in today’s premium home market, buyers are in control. The inventory of homes for […]

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Millionaire to Millennials: Buy Now!

by Carolyn Weinert in Blogs.

by The KCM Crew Self-made millionaire David Bach was quoted in a CNBC article explaining that “the single biggest mistake millennials are making” is not purchasing a home because buying real estate is “an escalator to wealth.” Bach went on to explain: “If millennials don’t buy a home, their chances of actually having any wealth in this country are […]

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Which Homes Have Appreciated the Most?

by Carolyn Weinert in Blogs.

by The KCM Crew Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 7.1%. CoreLogic, in their most recent Home Price Insights Report, reveals that national home prices have increased by 6.9% […]

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A Tale of Two Markets: Inventory Mismatch Paints a More Detailed Picture

by Carolyn Weinert in Blogs.

by The KCM Crew The inventory of existing homes for sale in today’s market was recently reported to be at a 3.6-month supply according to the National Association of Realtors latest Existing Home Sales Report. Inventory is now 7.1% lower than this time last year, marking the 20th consecutive month of year-over-year drops. Historically, inventory […]

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Mortgage Interest Rates Went Up Again… Should I Wait to Buy?

by Carolyn Weinert in Blogs.

by The KCM Crew Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Freddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the next four quarters. This has caused some purchasers to lament the fact they may no longer […]

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How to Get the Most Money When Selling Your Home

by Carolyn Weinert in Blogs.

by The KCM Crew Instead of the seller trying to ‘win’ the negotiation with one buyer, they should price it so that demand for the home is maximized. By doing this, the seller will not be fighting with a buyer over the price, but will instead have multiple buyers fighting with each other over the […]

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Don’t Let Your Luck Run Out [INFOGRAPHIC]

by Carolyn Weinert in Blogs.

by The KCM Crew Some Highlights: The “Cost of Waiting to Buy” is defined as the additional funds it would take to buy a home if prices and interest rates were to increase over a period of time. Freddie Mac predicts that interest rates will increase to 4.8% by this time next year, while home […]

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Builder Confidence Hits 11-Year High

by Carolyn Weinert in Blogs.

by The KCM Crew In many areas of the country, there are not enough homes for sale to satisfy the number of buyers looking to purchase their dream homes. Experts have long proposed that a ramp-up in new, single-family home construction would be one of the many ways to overcome this inventory shortage. According to […]

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Thinking of Selling? Do it TODAY!!

by Carolyn Weinert in Blogs.

by The KCM Crew That headline might be a little aggressive. However, as the data on the 2017 housing market begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME! The February numbers are not in yet, but the January numbers were sensational. […]

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The Connection Between Home Prices & Family Wealth

by Carolyn Weinert in Blogs.

by The KCM Crew Over the next five years, home prices are expected to appreciate 3.22% per year on average and to grow by 17.3% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their equity position? As an example, let’s assume a young couple purchased and closed on […]

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Over Half of All Buyers Are Surprised by Closing Costs

by Carolyn Weinert in Blogs.

by The KCM Crew According to a recent survey conducted by ClosingCorp, over half of all homebuyers are surprised by the closing costs required to obtain their mortgage. After surveying 1,000 first-time and repeat homebuyers, the results revealed that 17% of homebuyers were surprised that closing costs were required at all, while another 35% were […]

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How Long Do Most Families Stay in Their Home?

by Carolyn Weinert in Blogs.

by The KCM Crew The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home. As the graph below shows, for over twenty years (1985-2008), the median tenure averaged exactly six years. However, since 2008, […]

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Do You Know the Real Cost of Renting vs. Buying? [INFOGRAPHIC]

by Carolyn Weinert in Blogs.

by The KCM Crew Some Highlights: Historically, the choice between renting or buying a home has been a close decision. Looking at the percentage of income needed to rent a median-priced home today (30%), vs. the percentage needed to buy a median-priced home (15%), the choice becomes obvious. Every market is different. Before you renew […]

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