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Real Estate 2010: New Year, Less Fear

“Fear always springs from ignorance.” -Ralph Waldo Emerson Unlike last year, we are better prepared for the challenges ahead of us.  Knowing how the market is moving will help us in the decisions we make.  Here are a few things to consider when making your move into the New Year: Mortgaging Interest Rates – Rates remained […]

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Looking Back: Top 10 Real Estate Stories of 2009

The last week of December is always an interesting time. As we plan for the next year, we like to look back on all the important stories and events of the last year. We will gather around the television or paper and endlessly quiz each other on the multitude of Top 10 Lists that inevitably appear. Here […]

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OMG! Is that a Luxury Home Buyer I See?

Yesterday, we reported on the differences between two major housing reports that were released last week. Today, I want to comment on something both reports had in common but has been vastly under-reported: the sudden increase in sales of luxury homes. The past several months have shown a tremendous uptick in buyer activity. And, though […]

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Home Sales: UP…no wait…DOWN…no wait…

This past week there were two different housing reports released. The first was the National Association of Realtors’ ‘Existing-Home Sales Report’ and the other was the U.S. Census Bureau’s ‘New Construction Report’. The most confusing part of the news is how divergent the data on the reports was. The Existing-Home Sales Report showed a month-over-month […]

Happy Holidays to the KCM Community!

We would like to thank you all for your continued contribution to the KCM Community. From sharing our articles on Facebook and Twitter, to continually engaging our KCM authors with questions and comments, you have helped further our mission of helping people through this truly complex housing market. And for that we are deeply grateful. […]

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Strategic Defaults: Naughty or Nice?

You can’t pick up a paper or turn on a television today without hearing about the foreclosure situation in this country. There is no doubt the current economy and unemployment numbers have devastated the finances of many families and thus made it impossible for them to pay their mortgage. However, what many don’t realize is that […]

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Should You Be Afraid of Shadows?

The two most important factors whenever you price anything is the demand for that item and the current supply of that item. It is well known as the supply and demand curve. Real estate is no different.  So, as we are about to head into 2010, let’s look at the potential demand for residential housing […]

Bigger Ads Don’t Make Dumber Buyers

Being ‘in and around’ the real estate business for most of my adult life, I am still confused about the importance both sellers and real estate agents give to advertising.  Decades ago, advertising a home was important to attract a buyer because there was no other way for an individual real estate office to announce to […]

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Money to Purchase AND Renovate Your Home

Whether you are looking at a Foreclosed Home, Bank REO, a Short Sale, or any home really, you need to be aware of the FHA 203K Program.  The general condition of real estate has taken a dip over the past few years, as homeowners are not sprucing up their homes as they have in the […]

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Creating Wealth through Real Estate: Moving On Up

Over the last couple of days, we have talked about real estate as an investment, financing costs (interest rates) and gave you reasons to buy now instead of waiting. It is important that we realize that this does not apply solely to the first time home buyer. The opportunity that exists in real estate today is […]

Mortgage and Tax Credit News

Hello KCM Community! It is our pleasure to introduce to you veteran mortgage planner (and today’s guest blogger) Dean Hartman.  Yesterday we looked at interest rates and why buying now might be a good financial decision. Today, Dean will take us a few steps further and look at other reasons to move forward on the purchase […]

If You Don’t Buy a House Now, You’re Stupid or Broke

Ladies and Gentlemen, That is not MY headline but instead the headline of a BusinessWeek article today. It seemed appropriate to post this based on what we have been discussing this week. KCM Blog Posts Related to Info in Article: The KCM CrewWe believe every family should feel confident when buying & selling a home. KCM […]

Interest Rates: Going Up or Down?

Yesterday, we talked about real estate as an investment. At the conclusion of that post, we talked about the difference between the ‘cost’ of the home compared to the ‘price’ of the home. We established that the cost of the home had two major components: the price and the expense of the financing. Unless you […]

Is Real Estate Still a Good Investment?

Last week, we posted on the challenges currently in the housing industry. But with challenges come opportunities. This week we want to concentrate on the possibilities available today in real estate. To begin with, we want to make sure we bring some reality to much of the talk out there. Is real estate truly a […]

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Sell Now or Wait?

This past week, we have discussed how the current economy is wreaking havoc on our housing industry, how many homeowners can no longer make their mortgage payments and can’t qualify for a loan modification. We reported that millions of these homes will eventually become foreclosures or, in a best case scenario, a short sale. You […]

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Foreclosures Force Values Down

In our last post, we discussed that, though the modification process has helped hundreds of thousands families keep their homes, there still will be millions of people who will still be faced with foreclosure. There is no avoiding this. And even though the administration is trying to get banks to be more flexible, the fact […]

EXTRA! EXTRA!

As we have been reporting, the answer to the current housing crisis is to simplify the process of short sales. Well, finally, it is about to happen: ‘Short Sale’ process being simplified! I will be covering this indepth on this blog Thursday. The KCM CrewWe believe every family should feel confident when buying & selling […]

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Modifications: is it really the Magic Pill?

I want to begin by saying that modifications have saved hundreds of thousands of families from being forced from their homes. We should be thankful the process exists. If anyone is having trouble with their mortgage and thinks they may be eligible for a loan modification, call 888-995-HOPE or go to http://makinghomeaffordable.gov/. That being said, […]