This past week there were two different housing reports released. The first was the National Association of Realtors’ ‘Existing-Home Sales Report’ and the other was the U.S. Census Bureau’s ‘New Construction Report’. The most confusing part of the news is how divergent the data on the reports was. The Existing-Home Sales Report showed a month-over-month […]
Whether you are looking at a Foreclosed Home, Bank REO, a Short Sale, or any home really, 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 homes as they have in the […]
Over the last couple of days, we have talked about real estate as an investment, financing costs (interest rates) and gave you reasons to buy now instead of waiting. It is important that we realize that this does not apply solely to the first time home buyer. The opportunity that exists in real estate today is […]
Hello KCM Community! It is our pleasure to introduce to you veteran mortgage planner (and today’s guest blogger) Dean Hartman. Yesterday we looked at interest rates and why buying now might be a good financial decision. Today, Dean will take us a few steps further and look at other reasons to move forward on the purchase […]
Ladies and Gentlemen, That is not MY headline but instead the headline of a BusinessWeek article today. It seemed appropriate to post this based on what we have been discussing this week. KCM Blog Posts Related to Info in Article:
Yesterday, we talked about real estate as an investment. At the conclusion of that post, we talked about the difference between the ‘cost’ of the home compared to the ‘price’ of the home. We established that the cost of the home had two major components: the price and the expense of the financing. Unless you […]
Last week, we posted on the challenges currently in the housing industry. But with challenges come opportunities. This week we want to concentrate on the possibilities available today in real estate. To begin with, we want to make sure we bring some reality to much of the talk out there. Is real estate truly a […]
Here are the major points of a post on Market Watch (part of the Wall Street Journal digital network) Tips for buyers Interested in buying a home and claiming the home-buyer tax credit? Below are five tips: 1. Don’t procrastinate Get searching now. Getting an early start will give you a better chance of finding […]
Move.com survey results: Just more than 12% of potential home buyers surveyed plan to purchase a home as an investment property compared with less than 6% who said the same seven months ago. Of those interested in buying a foreclosure, 42% were investors. About 13% of those investors would turn their foreclosures into rentals, 11% […]
7 Step Action Plan for Tax Credit Extension Step #1 – Contact anyone who might have given up. Originally, there was a lot of speculation that there would be no extension granted. That caused some buyers to stop looking (especially in regions where closings take longer). We must immediately reconnect with this group. Step #2 […]
Updated 11/4 1PM It’s DONE From U.S. News and World Report The deadline for first-time home buyers to claim the $8,000 credit would be pushed back to April 30, 2010. But the term “deadline” doesn’t mean the same thing as it does in the current credit. The Senate agreement stipulates that buyers must have a […]
Existing Home Sales Skyrocket – What does that mean to your business? First, I want to congratulate all the real estate professionals out there who helped make this happen. (Didn’t have a sale last month? Don’t despair – this will be your month!!). However, as I always say, let’s look behind the headline for the […]
