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Today, you need an INDUSTRY LEADER

We are at a very interesting crossroad in the real estate industry. Whether you are buying or selling a home, you should not deal with ‘just anyone’ in real estate. You need someone who can explain what is happening in the market and help you understand your options. You want an expert, an industry leader. […]

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Home Prices: The Next 90 Days

The next three months will be interesting for home prices. The impact of the homebuyers’ tax credit is fading from the market and so are the buyers. We must realize that in September, October and November of last year buyers were rushing to buy a home before the expiration of the original tax credit (November […]

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4 Ideas To Spur Home Sales

A new Home Buyer Tax Credit is unlikely.  Interest rates can’t go much lower.  So, how can a market where buyers who are afraid of losing their jobs begin to digest the massive quantity of current and shadow inventory without another major correction in pricing?  Here are four “outside the box” ideas that deserve consideration: […]

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It’s Not About Jobs If You Need To Sell Now

A message from Steve Harney: The short term fixes used to bolster the real estate market (the purchase of mortgage-backed-securities and homebuyer tax credits) proved to be just that: short term fixes. Everyone now seems to feel that the only true solutions to the challenges in housing are the creation of jobs and the increase […]

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Future Home Prices: Expectations from the Experts

MacroMarkets has assembled a very distinguished panel of over 100 economists, investment strategists, and housing market analysts who are surveyed every month regarding their 5-year expectations for future home prices in the U.S. The report is the Home Price Expectations Survey. Their purpose for this undertaking? We are hopeful that this survey, and our panelists, will […]

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How the Serenity Prayer Applies To Selling a Home

You may believe that selling your home will be impossible after all the news you have heard recently.  You may feel powerless to the process. What could YOU possibly do to turn this housing market around? There is no doubt that today’s real estate market is extremely difficult to navigate. However, we want you to […]

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Sense of Urgency?

It’s been hard to fault home buyers who haven’t rushed to buy a home, now that there is no longer any Federal Tax Credit. I mean, if you read this blog with any consistency, we all know that home prices are going to continue to tumble, and there is no indication of interest rates climbing […]

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Everybody Calm Down. Armageddon Is NOT Upon Us!

CNBC report 9/2: “Pending sales of previously owned U.S. homes rose unexpectedly in July … suggesting a tax credit-related housing market decline was close to bottoming.”   ORIGINAL POST The new housing numbers have definitely been a major news story over the last 48 hours. The Dow dropped over 100 points on the announcement of July’s existing […]

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The Existing Home Sales Report Is In. Ugh!

We want to begin by saying there were absolutely no surprises in this month’s National Association of Realtors Existing Home Sales Report. Experts were calling for a dramatic fall off in volume and a substantial increase in month’s supply of inventory. Everyone now realizes that the tax credit actually pulled more demand forward than it […]

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The Impact Housing Inventory Has on Prices

We attempt to explain the current real estate market both simply and effectively. We either create or search for great visuals or graphs that do just that. We have been trying to help our readers realize that real estate is just like any other industry: pricing will be determined by the theory of ‘supply and […]

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NAR Says It’s Now About Supply and Demand

We have been discussing home prices in this blog for over a year. The principle of ‘supply and demand’ has been our rallying cry for the entire duration. Pricing of any item is determined by the number of items for sale in ratio to the number of purchasers looking to buy that item. Here is […]

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Where Are Home Prices Headed?

We are building a home for real estate information here at the KCM Blog. Our job is to accurately reflect what is taking place in the residential housing market in this country. The entire team takes this job very seriously. With the market evolving so rapidly, it has become a daunting task. We looked at […]

Will There Be a ‘Double Dip’ in Real Estate?

The biggest question looming over the economy overall and real estate specifically is whether or not we will experience a double dip. What exactly is a double dip? Robert Hall, chairman of the National Bureau of Economic Research, a group of academic economists that officially declares the starts and ends of recessions, says: “A double […]

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Homeownership: It is STILL the American Dream

I believe very strongly in the importance of homeownership in this country. A home is much more than just a financial investment. It is a parents’ investment in their children. It is a family’s investment in their community. It is the people’s investment in America. I have written extensively on the fact that real estate […]

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The Best Real Estate Graph of the Year?

Here at the KCM Blog we attempt to bring clarity to a very confusing real estate market. There is news breaking every day and one report seems to contradict another. Today, we are going to take all the news available and put into a single graph. How do we propose to do that? By cheating […]

Hire Superman, Not Clark Kent

You have decided to sell your home. You realize that, in this market, you need the skills of a real estate professional. You are about to start interviewing. You know what your goals are: Get the house sold Get the best price possible Sell the house in a certain timeframe Sell it with the least […]

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What Makes a Real Estate Professional?

People often ask us how they should determine with whom they should list their house. Aren’t real estate agents really all the same? Don’t they all do the same thing? Shouldn’t I just hire the one that charges me the lowest commission rate? The answer to each of these questions is NO! In any other […]

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Supply Goes Up, Prices Come Down. It’s that Simple

The big question in real estate is what will happen with home prices over the next few months. The experts have already weighed-in predicting prices will probably take another dip down. The reasoning? Put simply, the inventory of homes on the market is greater than the demand for housing. Demand will remain stable at best. […]

What Was Your Reason for Selling in the First Place?

I realize that many of today’s sellers are forced to sell their homes because they have fallen on tough economic times. They need to ‘get out from under’ the financial burden of a mortgage they can no longer afford to pay. They might have very little equity or may even be in a negative equity […]

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Sell Now or Wait? What the Experts Are Saying

More and more homeowners are questioning whether they should keep their homes on the market or wait until next year to sell. The thinking obviously is that next year the market will be better and therefore they will be able to garner a higher price. But, is that true? Is there any evidence that the […]

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Will the Shadow Inventory Ever Come to Light?

The big question about shadow inventory is when this backlog of foreclosures will come to market. Prices will not be adversely affected until these distressed properties are actually put up for sale. Only then will they truly be competition to existing homes for sale. It seems that day may be upon us. Much of the […]

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Are You Drowning in a Sea of Real Estate Information?

One of the most difficult things to do if you are thinking of buying or selling a home is to navigate through the sea of information available today. If we google “real estate” there are approximately 441 million sites. That’s 441 MILLION!! Other searches you might try: “real estate information” – 277 million sites “selling […]

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When Will We Start Rewarding Honesty Again?

I made a comment a few weeks ago that the only thing that will bring the housing market back is honesty. It was a simple statement; unplanned and unrehearsed. It sort of just fell out of my mouth. I didn’t think much of it even after I said it. I was shocked at how it […]

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What Will My House Be Worth Next Month?

We always want to make sure that we get at least a fair price for anything we are selling. Truth be told, we hope we get top dollar and would not be upset if a buyer was willing to pay a premium above that. The same dynamics come into place when we are selling a […]

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A Closer Look at Home Pricing Indexes

You might think that home values are on the rise if you read the headlines this week. It seems that almost every home pricing index is showing an increase over prices last year: The latest S&P Case Shiller Index showed a year-over-year increase of 3.8% Core Logic put the number at +2.6% The RPX index […]