Blogs

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, […]

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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 […]

Read more >>


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 […]

Read more >>


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 […]

Read more >>



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