,

Wall Street Journal & Forbes: It’s Time to Buy A Home

We believe very strongly that now is the time to buy a home. Some will say we are just saying this to create real estate transactions and commissions. Because of that, today we will quote what those outside the real estate profession are saying to the people who look to them for financial advice. The Wall […]

,

This Time We Are Sounding the Alarms

Occasionally, Steve Harney, our founder and lead content creator, asks us permission to share his personal feelings on a current real estate issue. Today is one of those times. – The KCM Crew One of the things I often hear from people I meet is that real estate and mortgage professionals should have seen the […]

,

Did You Actually Save Money By Waiting to Buy? [INFOGRAPHIC]

Tips To Present a Stronger Mortgage Application

As underwriting guidelines for lenders become more stringent, we need to re-examine what a good mortgage application looks like. As home buyers begin their search for a home, there are a few items they should be aware of that they can do to help get their loans approved (with the best possible terms), and, at […]

,

Picking the Right Agent is Crucial

The National Association of Realtors (NAR) released their Existing Sales Report two weeks ago and in the report they discussed a troubling trend: cancelled contracts are increasing dramatically. NAR defined the issue: “Contract failures – cancellations caused largely by declined mortgage applications or failures in loan underwriting from appraised values coming in below the negotiated […]

Some Good News for Veterans!

It appears that (subsequent to my writing of this blog yesterday) that the House has passed a bill which the President is expected to sign which extends the current Funding Fees until November 17th. Despite the fact that the VA’s own website still states that the change is expected October 1st, that information seems to […]

,

13,780 Homes Sold Yesterday

To all those who have declared the real estate market dead, we want you to know that over 13,780 houses sold yesterday, 13,780 will sell today and 13,780 will sell tomorrow. That is the average number of homes that sell each and every day in this country according to the National Association of Realtors’ (NAR) […]

,

Rates Stay Low, BUT Will Costs Go Up?

We are enjoying extremely low interest rates, for sure. With the global economy, the national economy and unemployment where they are, no one is predicting a dramatic change in rates any time soon. BUT, on Monday, the Obama Administration floated out some interesting proposals they are considering through the Acting Director of the Federal Housing Finance […]

, , ,

Windows of Opportunity Beginning to Close for Sellers

We have suggested that sellers who need to sell within the next 18 months had a ‘window of opportunity’ to sell at higher prices. They needed to put their houses up for sale immediately before a flood of distressed properties were introduced to the market. This window is beginning to close. The paperwork challenges faced […]

A Nation’s Strong Belief in Homeownership [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!

How To Pick Your Lender

In the whirl wind that surrounds the home buying and mortgage process, how can a consumer be sure that they are working with the right lender? I mean there are so many choices…here’s some things to consider: What type of company is it? There are mortgage brokers, mortgage bankers and banks/credit unions. Mortgage brokers have […]

, ,

Houses Underwater: The Tide Is About to Rise

Two separate housing reports came out in the last week which discussed different challenges facing the current real estate market. The first was CoreLogic’s Negative Equity Report and the second was JP Morgan Chase’s Home Price Monitor. Each report delivered some difficult news. However, if you piece both reports together, we can see future challenges […]

, ,

Cleaning Up the Negative Media on Housing

We here at KCM are often accused of allowing our belief in the benefits of owning a home to impact how we report on the housing market. We do not hide from the fact that we believe homeownership is a major piece of the American Dream. However, we still try to accurately report on the […]

,

Luxury and Vacation Homes Are Selling

It has been a trying time for most segments of the real estate industry. However, two areas that are showing improvement are the luxury home and vacation home markets. It seems that people in these segments are again beginning to purchase. Vacation Homes Last week Market Watch published an article discussing the vacation home market. […]

,

Why Do Families Actually Buy a Home? [INFOGRAPHIC]

Disasters and Real Estate

In the wake of last week’s hurricane Irene, I wanted to chat a bit about some of the occasional disasters (natural and otherwise) that can befall a real estate transaction. After the hurricane, many transactions were put on hold, awaiting inspections by buyers, appraisers, engineers and even insurance companies. The assessing of any damage has […]

,

Listing Agents and Commission Income

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 The Research How can agents maximize their commission income?  The options are straight forward.  Agents can choose to […]

Money to Purchase AND Renovate Your Home

Whether you’re looking at a foreclosed home, bank REO, a Short Sale or really any home, 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 home as they have in the past. (Pssst…there’s […]

, ,

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 […]

, ,

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 […]

, , ,

Homeownership: Why Wait?

InfoGraphic

,

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 […]

,

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 […]

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 […]

, , , ,

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 […]