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3 Financial Reasons to Buy a Home NOW! (Part I)

This week, we are going to look at the three financial reasons to buy a home now instead of waiting: prices are rising at an accelerated rate, interest rates are increasing and rents are skyrocketing. – The KCM Crew Part I – Prices Are Rising at an Accelerated Rate The price of a home is […]

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Will Economic Uncertainty Derail Real Estate’s Momentum?

Some are questioning whether the current rally in the real estate market will fall victim to financial uncertainty regarding the impending debt ceiling debate and sequestration. However, many experts believe housing will be able to maintain its current momentum. In a March 2013 report, Someone Say House Party?, analysts at Bank of America/ Merril Lynch […]

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Money Magazine: The Real Estate Market is Back

Last Friday, we ran an InfoGraphic from RealEstate.com that showed that the real estate market was coming back. Some objected that the information was from a survey of industry players that may have a natural bias. For the doubters, here is the cover of the latest edition of Money Magazine released this past weekend. The […]

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Real Estate is Back [INFOGRAPHIC]

Real Estate is Back
Shared with Permission: Real Estate is Back

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Homeownership: The Reports of Its Death…

Mark Twain and homeownership are both iconic pieces of the American experience. And like what happened to Twain in 1897, recent reports of homeownership’s death have been greatly exaggerated. Ever since the housing bubble burst, many so-called experts have predicted the end of homeownership as part of the American Dream. Today, we want to expose […]

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Real Estate: If You Waited to Sell, You May Be Brilliant

Many homeowners look back on 2006 house values and wonder why they didn’t sell at the height of the market. They lament the money they may have lost by not selling. However, there is another side to that story. If they did sell back in 2006, they would have still needed to live somewhere. Looking […]

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Real Estate: When She Speaks, We Should Listen

Ivy Zelman is an industry expert consistently recognized by Institutional Investor, Greenwich Associates, StarMine and The Wall Street Journal as an industry-leading analyst. What separates her from many other analysts is the fact that she has accurately called the real estate market continuously over the last decade. Her Position in 2006 She was one of […]

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Future House Values? Simple as Supply and Demand

For some time now, we have attempted to shed light on the fact that pricing in today’s real estate market, as it is in the markets for every other saleable item, will be determined by the concept of ‘supply and demand’. According to dictionary.com: “The relationship between supply and demand determines the price of a […]

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Are Lending Standards Loosening?

Celia Chen, an economist for Moody’s Analytics, recently reported on her projections regarding mortgage standards throughout 2013. “The housing recovery began in earnest in 2012, despite constraints placed by a still-tight mortgage lending environment. This year promises improvements as the drivers of tough credit standards reverse. First, consumer credit quality is improving, which will help […]

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Fewer Americans in ‘Underwater’ Situation

With home values falling dramatically from 2006 boom prices, many homeowners have found themselves in what is called a ‘negative equity’ or ‘underwater’ situation. This means the value of their home is currently less than the mortgage amount on that home. Many of these homeowners have been ‘locked’ into their houses because they were unable […]

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Is There a Window of Opportunity for Sellers Right Now?

One of the most interesting revelations of the latest National Association of Realtors (NAR) Existing Home Sales Report is the shortage of housing inventory being reported throughout much of the country. At the same time, buyer demand is dramatically up over last year.  Here are some key points: Total housing inventory at the end of January fell […]

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NAR’s 4th Quarter Home Sales Report [INFOGRAPHIC]

NAR 4Q 2012

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Housing Market in 2013: Freddie Mac’s Projections

Some believe that our coverage of the housing market at times is too optimistic. Today, we want to report on Freddie Mac’s projections for the real estate market in 2013 as per their latest U.S. Economic and Housing Market Outlook. Frank Nothaft, Freddie Mac vice president and chief economist, explains: “Across the nation, most local […]

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Is Homeownership a Good FINANCIAL Decision?

Many have reported on Robert Shiller’s recent comments on the investment aspect of homeownership. Shiller, a Yale professor and co-founder of the Case-Shiller Home Price Index, is famous for making provocative comments on house prices and the financial benefits of owning a home. In a recent Bloomberg Television interview, Shiller responded to a question about […]

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Thinking of Buying Your Dream Home? DO IT NOW!

A recent survey showed that 3 out of 4 future home buyers (who are not first time buyers) plan to move up to some form of a ‘better’ home. The breakdown: Move to a significantly bigger home (49%) Move to a nicer home (17.5%) Move to a nicer part of town (8.6%) If you or […]

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House Prices: When Will 2006 Values Return?

There is a lot of optimism regarding house prices. The most recent Home Price Expectation Survey projects a 3% -3.5% increase in values for each of the next 5 years. We concur that most parts of the country will see varying levels of appreciation over that time. However, we must realize that we will not […]

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Second-Generation Americans and Homeownership

The Pew Research Center recently released a study titled Second-Generation Americans:A Portrait of the Adult Children of Immigrants. The report has many interesting findings regarding second-generation Americans which they defined as: “…people born in the United States, with at least one first generation (immigrant) parent. People born in Puerto Rico or other U.S. territories with […]

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The Search for ACCURATE Real Estate Information

The other day Marc Davison, a good friend and founder of the marketing, design & strategy firm 1000watt, forwarded us a booklet released by Ford entitled 13 TRENDS FOR 2013. It is a must read for all businesses as it clearly states the thirteen consumer trends that will help business dominate 2013. However, we had […]

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What the Case Shiller Report is Actually Telling Us

Case Shiller released their latest Home Price Index yesterday. The headlines that followed were true but, in our opinion, a little misleading. Here are some of the highlights of the report that have dominated major media coverage: Home prices rose 5.5% in the 12 months ending in November 2012 (the latest data available). In the […]

Inventory: Only Challenge to the Real Estate Recovery

The real estate market is in the midst of a major comeback. Sales are greater than any time since 2007. Consumer confidence is increasing. Economists are now saying housing is the major tailwind to our nation’s overall economic recovery. However, there is one major challenge that could stall the housing market: a lack of inventory. […]

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5 Reasons You Should List Your House TODAY!

Many homeowners are waiting until the Spring ‘buying season’ to list their homes for sale. Here are five reasons why that might not make sense this year: 1.) Demand Is High Homes are selling at a pace not seen since 2007. The most recent Existing Home Sales Report by the National Association of Realtors (NAR) showed that […]

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There Are Still Some Bears Out There!

Most real estate analysts are rather bullish on the housing market right now. Sales, pending contracts, prices and new construction starts are all up. The Home Price Expectation Survey released last month revealed a sense of optimism among the experts surveyed regarding home values over the next five years. However, not everyone is buying into […]

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Google & NAR’s Study on Digital Home Buying

Google and the National Association of Realtors (NAR) collaborated on a study looking at the digital usage of today’s home buyer. The study found that buyers are relying more and more on the Internet as they search for good real estate information: “Nine in 10 home buyers today rely on the internet as one of […]

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How Small Cutbacks Lead to Great Savings [INFOGRAPHIC]

How Small Cutbacks Lead to Great Savings

Attention All Agents: Start Your 2013 Off Right!

When agents do their business plan each year, they must realize that there is seasonality to our industry – activities will bring a better return on time invested during certain times of the year. A perfect example of this is the prospecting of expired listings. The return on time, energy and money invested in this […]