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Discounted Competition Is About to Enter the Market

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Delinquency Rates Dropping Dramatically

In yesterday’s blog post, we explained that the ‘shadow inventory’ of distressed properties which has hung over the housing market will soon be released for sale. The real estate market won’t recover until we work our way through this discounted inventory. The great news is that as these properties exit the bottom of the inventory […]

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Shadow Inventory: Luckily, Here It Comes

One of the biggest challenges to the housing industry throughout the rest of the year will be the increase in discounted properties coming unto the market. There is a glut of foreclosures that have been delayed by the court systems in many states while paperwork was corrected. The banks are rectifying their paperwork and processes. […]

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Distressed Property: The Impact on House Values

We are honored to have Chip Wagner, an icon in the appraisal industry and our good friend, as a guest blogger yesterday and today. Yesterday, Chip defined the role of the appraiser in today’s real estate market.  – The KCM Crew Today, Chip will discuss the impact distressed properties have on housing values. Contrary to […]

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The Appraiser’s Role in Today’s Real Estate Transaction

We are honored to have Chip Wagner, an icon in the appraisal industry and our good friend, as a guest blogger today and tomorrow. Tomorrow, Chip will discuss the impact distressed properties have on housing values. Today, Chip defines the role of the appraiser in today’s real estate transaction.  – The KCM Crew I have been […]

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Homeownership: Why Wait?

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For the More Affluent Home Seller

Estate Planning is a boring topic. However, there are few issues more misunderstood that have such tremendous impact on families and the legacy they leave behind. Many people don’t realize that when adding a home to their assets, being a “paper” millionaire isn’t as farfetched as it seems when living paycheck-to-paycheck. The federal estate tax exemption has been extended for two years […]

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The Economy: Why All the Panic?

For the last couple of weeks, all we have heard is how bad the current economic situation is. “The markets are going to crash and interest rates are going to skyrocket.” Panic has definitely engulfed the entire country. Consumer confidence, as measured by the University of Michigan’s Consumer Sentiment Survey, has fallen to a number […]

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Homeownership: Still the American Dream

Yesterday, Fannie Mae released their National Housing Survey for the second quarter of 2011. They survey the American public on a multitude of questions concerning today’s housing market. Each quarter, we like to pull out some of the findings we deem most interesting. Here they are for the most recent report: Most Important Reasons to Buy […]

Things to Consider Before Renting a Home You Can’t Sell

In this difficult housing market, more and more homeowners are considering renting their house instead of adjusting the price. We strongly believe that residential real estate is a great investment and therefore can understand this thinking. However, if you have no desire to actually become an educated investor in this sector, you may be headed […]

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Do What He Did, Not What He Said

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What If You Could Buy Shoes…?

What if there was a shoe store that had: An unparalleled selection of shoes of every size, color, and price range The shoes were discounted 30% or more You had a credit card that would finance the shoes for 30 years at 4.5% How many shoes would you buy? My bet is there would be […]

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House Prices: Explaining the Recent Uptick

Several pricing indices have reported that, on a month-over-month basis, home values have ticked up slightly over the last quarter. This has caused some to call the bottom to the housing market – at least from a price standpoint. We must realize that prices are determined by supply and demand. Demand has indeed shown improvement […]

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FSBO a No Go!

This blog prides itself on the quality of real estate information we deliver each and every day. We try to gather empirical evidence to validate the positions we take. We do not use just an anecdotal story to make a point. We also do not get caught up in the sensationalism of the moment. However, […]

Mortgage Rates: Impact of the Credit Rating Downgrade

We want to discuss the impact the downgrade of the U.S. credit rating will have on mortgage interest rates. In these times of uncertainty and volatility, no one knows for sure what will happen next. However, we want to talk about possible scenarios. Mortgage rates normally run parallel to the country’s Treasury bonds. If many […]

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The Cycle of Investments

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More Disclosures on the Way to “Help” the Consumer

In their never ending quest to “simplify” the confusion surrounding the borrowing of money, the Fed has released their Final Rule for Risk Based Pricing Notices, as well as Adverse Action Notices. More paper work filled with CYA, legal terminology that winds up baffling people more than giving them any clarity. Let’s take a peek…. […]

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A Rose By Any Other Name…Might Be Worth More

We are again honored to have Ken H. Johnson, Ph.D. — Florida International University (FIU) and Editor of the Journal of Housing Research as our guest blogger. To view other research from FIU, visit http://realestate.fiu.edu/. – The KCM Crew What is in a Subdivision’s Name? The Research What is in a subdivision’s name?  Is there any pricing […]

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When Did Americans Start Playing It Safe?

There seems to be a paralysis in America right now. Companies are afraid to hire even though they are sitting on hordes of cash. Politicians are afraid to show leadership on certain issues as it may cost them the next election. People are afraid to move forward with a purchase of a home because they […]

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Tick…Tick…Tick…

We are dedicated to bringing you the most current and important housing news each and every day. We don’t get involved with the ‘what ifs’ of politics.  The current debate in Washington has caused a paralysis in consumers, caused by uncertainty. People just can’t be sure what is coming next.  As always, we will work hard to bring clarity to the confusion. We will […]