Think Positively!!
For the part of the country impacted by Sandy, be safe amd smart. For the rest of the country, be thankful and patient.
Entries by The KCM Crew
National Housing Metrics [INFOGRAPHIC]
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Educate and Care: Real Estate Professionalism Defined
For Agents’ Eyes Only… Each Thursday we will be posting a blog to help real estate professionals understand how they can better assist their buyers and sellers navigate the current real estate market. Hope you find the information helpful. – The KCM Crew As an agent, it is crucially important that we ‘have the heart […]
Remarkable Teenager Buys 2nd House!
Back in March, we reported on the remarkable story of Willow Tufano, a 15-year-old who went partners with her mother to purchase her first home at the age of 14. Willow anted up her fair share with money she saved for over a year by selling free items she had previously found and fixed up. […]
Housing Numbers from NAR’s Existing Home Sale Report
The National Association of Realtors’ (NAR) September Existing Home Sales Report revealed that sales declined modestly, but inventory continued to tighten and the national median home price recorded its seventh back-to-back monthly increase from a year earlier. Total existing-home sales fell 1.7% but are 11% above the pace in September 2011. Other findings revealed in […]
KCM’s Harney Quoted by U.S. News & World Report
U.S. News & World Report last week ran an article on housing in the United States titled, Is the Housing Market Finally Rebounding? In the article, KCM‘s founder and cheif content creator, Steve Harney, was quoted extensively. As we have been reporting, the housing recovery will come in two stages: Sales will increase absorbing the excess inventory […]
Appraisal Challenges [INFOGRAPHIC]
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Appraisals Are Challenging in an Appreciating Market
For Agents’ Eyes Only… Each Thursday we will be posting a blog to help real estate professionals understand how they can better assist their buyers and sellers navigate the current real estate market. Hope you find the information helpful. – The KCM Crew The real estate market is recovering with prices in most regions of […]
Housing: The Reasons It Is Coming Back
Monday, we told you that many experts are beginning to call a bottom in house prices. Why? Writing in the Financial Times, Roger Altman, former deputy Treasury secretary, explained why he is so bullish on housing: “This surge will be driven by a combination of improving house prices, a lower inventory of homes for sale, […]
Consumers More Positive on the Economy
Consumers are beginning to feel better about the U.S. economy. The Reuters/University of Michigan’s consumer sentiment index rose to 83.1 in September – the highest level since September 2007 – from 74.3 in August. Analysts had forecast a rise to 78.3. The survey questions 500 households each month on their financial conditions and attitudes about […]
House Prices: Looking for the Bottom? We May Be There
With sales and prices increasing in most regions of the country, it looks as though housing recovery is in full swing. There are more and more housing analysts declaring that we have turned the corner. A recent article on money-rates.com explains that now may be the time to act if you are thinking of purchasing […]
Great Real Estate Professionals Manage Expectations
For Agents’ Eyes Only… Each Thursday we will be posting a blog to help real estate professionals understand how they can better assist their buyers and sellers navigate the current real estate market. Hope you find the information helpful. – The KCM Crew Over the last few years, we have flown to California many times […]
Strategic Default: 32% Believe it’s OK
A recent survey by JZ Analytics revealed that a growing number of Americans feel homeowners should be able to strategically default on mortgages. A strategic default is when a homeowner, who has the financial resources to continue making their mortgage payment, instead decides to walk away and let the house go to foreclosure. In many […]
Shadow Inventory Down…in Most States
CoreLogic, in their most recent foreclosure report, revealed that approximately 1.3 million homes, or 3.2 percent of all homes with a mortgage, were in the national foreclosure inventory as of August 2012 compared to 1.4 million, or 3.4 percent, in August 2011. Month-over-month, the national foreclosure inventory was unchanged from July 2012 to August 2012. […]
Completed Foreclosures Down…in Most States
According to the latest foreclosure report from CoreLogic, there were 57,000 completed foreclosures in the U.S. in August 2012, down from 75,000 in August 2011 and 58,000 in July 2012. Mark Fleming, chief economist for CoreLogic reveals: “August marks the fourth month in a row there were fewer completed foreclosures, which is more evidence that […]
New Listings: Price Them Right at the Beginning
For Agents’ Eyes Only… Each Thursday we will be posting a blog to help real estate professionals understand how they can better assist their buyers and sellers navigate the current real estate market. Hope you find the information helpful. – The KCM Crew Heading into the fall and winter, it is important to educate your sellers […]
The Mortgage Forgiveness Act: Will It Be Extended?
As the year winds down, we are getting more and more inquiries about the Mortgage Forgiveness Debt Relief Act of 2007 and whether or not it will be extended past its original expiration date of December 31, 2012. This is important as people who are selling their home through a short sale may be faced […]
Cost of a Home: Impact of Interest Rates
The buyer should always look at the COST of a home, not just the PRICE. The cost is determined by the price and the mortgage interest rate which is available at the time. Below is a list of the interest rates over the last ten years and the impact they have on a $100,000 mortgage […]
House Prices: Experts Becoming More Optimistic
Each quarter, Pulsenomics surveys a “distinguished panel of over 100 economists, investment strategists, and housing market analysts regarding their 4-year expectations for future home prices in the United States.” Here are the latest survey results. Price appreciation/depreciation expected over the next four years: 2012: 2.31% 2013: 2.44% 2014: 3.25% 2015: 3.43% Fiserv also released a […]
Home Sale Stats [INFOGRAPHIC]
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Based on NAR’s September Existing Home Sales Report
Real Estate’s New Market Reality
For Agents’ Eyes Only… Each Thursday we will be posting a blog to help real estate professionals understand how they can better assist their buyers and sellers navigate the current real estate market. Hope you find the information helpful. – The KCM Crew The business of real estate has changed forever. The agent’s primary function […]
3.8% Tax on Housing? Answers & Resources
We have previously reported on the questions surrounding the existence of a 3.8% tax in the administration’s health care program. Today we want to update the post in order to help further explain the issue. – The KCM Crew Here are the 10 Things You Need to Know About the 3.8% Tax according to the […]
