A Little More on Wealth Accumulation and Homeownership

Today, we are 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 Last week’s posting (Creating Wealth Through Homeownership – The Proof) concentrated on how homeowners, on average, […]

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What Does Warren Buffet Think About Buying A Home?

Warren Buffet is seen by many as the greatest investor of our time. When he speaks, people listen. Like anyone else in his position of influence, he is criticized by some for using his bullhorn to promote his own business agendas at times. That makes it very interesting when we occasionally learn of how he […]

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Where Are People Moving To and From?

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Why Deals Die

I have seen estimates stating that 29% of deals that go to contract and require a mortgage, don’t close. That number boggles my mind. It means that even after a buyer and seller come to terms on a sale (not an easy feat these days), 3 out of 10 transactions fall apart. What are some […]

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Another Bear Turns Bullish on Real Estate

Two weeks ago, we posted When the Prophet Says Buy – BUY! In that post, we explained that a major bear on housing, John R. Talbott, is now bullish on the real estate market. Last week, another bear turned bull. Chris Thornberg, a former UCLA economist and a founding principal of Beacon Economics, was very […]

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Real Estate 2012: Many Positive Outlooks

There is a growing belief among many experts that 2012 will be the year housing turns the corner and starts heading in a more positive direction. Whenever we write a post like this, we unleash the hordes of critics who say we are again wearing rose colored glasses or are puppets being controlled by the […]

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Belief That “Now Is the Time to Buy” by Age Group [INFOGRAPHIC]

What Value Does Your Loan Officer Add?

For the longest time, I have listened to other loan officers talk about why people should do business with them; and 95% of the time their presentations boil down to three things – price, product, and service. On the pricing front, they talk about low interest rates and/or closing costs; on the product side, they […]

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Where Are House Prices Headed in 2012?

There is no shortage of opinions as to where home prices are headed in 2012. From Clear Capital’s expectation that prices will show a ‘slight uptick’ this year to Fitch’s projection that prices ‘will fall another 13 percent’, there seems to be no consensus as to where real estate values are headed. How can there […]

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Creating Wealth Through Homeownership – The Proof

Today, we are 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 Several real estate economists have shown that the average homeowner accumulates more overall wealth than the […]

A Really Powerful Real Estate Question

Our founder, Steve Harney, occasionally asks to do a personal post on what he sees as important  to our industry. Today is one of those days. Enjoy! – The KCM Crew My wife and I have vacationed on the beautiful island of Aruba for the last nine years. We are strongly considering buying a winter […]

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Home Down Payments by State

InfoGraphic The KCM CrewWe believe every family should feel confident when buying & selling a home. KCM helps real estate professionals reach these families & enables the agent to simply & effectively explain a complex housing market. Take a 14-Day Free Trial of our monthly membership to see how we can help you!

The Power of Assumability

One of the rarely touted advantages of people taking FHA mortgages today is the fact that they are assumable. What that means is, when the FHA homebuyer of today is looking to sell his home, a qualified purchaser can “take over” their loan. Most people believe that interest rates will return to a “normal” range […]

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People Are Buying Homes AND GETTING MORTGAGES!

Many believe that very few houses are selling and that almost no one can get a mortgage. We want to let everyone know that neither of these assumptions is true. Recently, the National Association of Realtors (NAR) released their Existing Homes Sales Report. According to the report there are, on average, 12,109 homes selling in […]

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In Real Estate, Keeping Current Matters!

There is too much misinformation being spread about today’s real estate market. Studies are being misinterpreted. Prominent names are being used to foster a point even if their quote is from years ago. As an example, we want to look at a story published last week by The Fiscal Times titled The New American Dream: […]

When the Prophet Says Buy – BUY!

John R. Talbott, previously a Goldman Sachs investment banker, is a bestselling author and economic consultant. When it comes to the housing market he is also a prophet. When housing prices started to skyrocket in 2003, he published The Coming Crash in the Housing Market correctly warning us that a real estate bubble was forming. […]

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Negative Equity: State By State [INFOGRAPHIC]

The above map shows the percentage of homes with a mortgage in each state that are in a ‘negative equity’ situation meaning that the value of the home is less than the mortgage amount. Approximately 30% of the homes in the country don’t have a mortgage on them.

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Mortgage Predictions for 2012

It’s the time of year that we look ahead and attempt to give our best guesses about the market, the industry, and the effects they may have. So, here are my thoughts about the mortgage world: Interest Rates Should Be Stable With a faltering economy nationally and worldwide, including pessimistic estimates for employment, there is […]

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Comparing Real Estate To Other Investments

We recently posted Real Estate: Today’s Golden Opportunity comparing the current housing market to the market for gold about a decade ago. Some commented on the fact that you can’t compare gold to real estate as an investment as gold is a very liquid asset and it would take more time and effort to sell […]

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5 Real Estate Trends to Look For in 2012

Predicting trends during the most volatile housing market in American real estate history is no easy task. We strongly believe these are the five real estate items we should keep an eye on in 2012: 1. Buyers Will Return In 2011, a lack of consumer confidence in the overall economy dramatically impacted the housing market. […]

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5 Top Real Estate Stories in 2011

In 2011, we experienced one of the most volatile housing markets in American real estate history. Things we never anticipated happened. Events we were sure would take place didn’t. Today, we want to review the five headlines we think had the biggest impact in 2011. 1.) Interest Rates remained at historic lows In order to […]