The Unspoken Appraisal Problem

As lenders, buyers, sellers, and real estate agents, the big unknown after a deal is put together is the appraisal. A proper pre-approval can smooth out the other components of the mortgage approval (income, assets, and credit- even title issues can be uncovered before the contracts are signed), so the only “unknown” is the appraisal. […]

Nearly 16M Homes Are Now Underwater

Zillow just reported that their data shows nearly 16 million homes in this country are now in a negative equity position where the house is worth less than the mortgages on the home. This number is dramatically higher than the approximate 11 million reported by other entities. Why the huge difference? Zillow professes to take […]

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Home Prices: It’s About Supply & Demand

The real estate market continues to heat up as we head into the summer. Will this increase in demand equate to an increase in home prices? That depends. Remember, the price of any item is determined by the supply of and demand for that item at any point in time. Let’s look at the facts […]

All Gave Some. Some Gave All.

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!

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Another Positive Report!

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The Top 5 Reasons Deals Fall Apart

I’ve been told that 29% of all contracts signed never make it to the closing table- that nearly 3 in 10 transactions where a buyer and seller have come to terms (no easy feat in this market) fall apart. In a more normal market, I would say 90% of deals close. So, I figured if […]

Where Are House Prices Actually Headed?

We are often asked where we believe home values are headed. To answer this question we want to quote three separate reports that have been published in the last 60 days: the Home Price Expectations Survey (HPES), the Urban Land Institute Real Estate Consensus Forecast (ULI) and the Demand Institute’s Report (DIR): The Shifting Nature […]

Congratulations to NAR’s “30 Under 30”

Congratulations to all those who were honored as the “30 Under 30” by the National Association of Realtors including KCM members Brandon Brittingham, Michael Pennisi, Mandy Becker and Sasha Cannon Farmer. The KCM CrewWe believe every family should feel confident when buying & selling a home. KCM helps real estate professionals reach these families & […]

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The Market Is Beginning To Turn

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The Lesson of Megan

This upcoming weekend, my daughter Megan, the eldest of our four children is graduating from Binghamton University. When these type of life events happen, I like to reflect upon both “How did we get here?” and “What are the best actions I can take to make sure things stay on the right path?” As I […]

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Mortgage Forgiveness Debt Relief Act: Will It Be Extended?

Many of our readers have asked whether or not we believe the Mortgage Forgiveness Debt Relief Act of 2007 will be extended past its current expiration scheduled for the end of the year. As a reminder, the legislation ensures that homeowners who received principal reductions or other forms of debt forgiveness on their primary residences […]

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Sales Are Up. Prices Still Have a Way To Go.

We believe the housing market is recovering. We believe that sales will be robust through the rest of the year. However, we also believe that the increase in demand will not impact prices in a big way as we think there will also be an increase in the supply of homes coming to the market. […]

The Nosy Neighbor Loved 2006

Back in 2005 and 2006, everyone thought they were experts in real estate, just like this nosy neighbor. Today, being an expert means truly understanding what is happening in the market and why it is happening. To better understand those two things, be sure to register for a free webinar we’re doing this Thursday at […]

Are YOU Adapting to the New Consumer?

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!

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Prices: 1Q 2012 vs. 4Q 2011


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Listen to Your Elders

The past week has been a whirlwind for me. Last Thursday, I had major surgery. I tell you this only as an explanation of how I came to write this week’s blog. I have been in a rehab facility for a couple days and what is most impressive is how the other patients are so […]

What Is ‘QM’ and Why Does It Matter?

We often discuss the difference between the PRICE and the COST of a home. We want buyers to realize, in many ways, the cost of a home is more important to them than the actual price. Obviously, price is part of the cost equation. The other piece, available financing, is also crucial. Soon, there will […]

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Yet Another Housing Bear Turns Bull

Every day there seems to be more positive news about the real estate recovery. We attempt to give you two things in this blog: The actual data that indicates where the housing market is headed Quotes from analysts who have scrutinized this data Today, we want to give you a quote by Ivy Zelman which […]