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Selling? Waiting Until the Spring Makes No Sense

Late last year, banks were warned that they needed to guarantee that the paperwork necessary to start a foreclosure process on a family was both accurate and complete. Since then, the banks have slowed down the foreclosure process while they re-examined their procedures. They are now confident that all the required documentation is in order. […]

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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) […]

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Home Sales: Investors Are About to Return

Sales in the housing industry have remained stagnant over the last several months. Though certain categories of purchasers have remained stable and even increased, the number of cash buyers and investors has dramatically decreased. Researchers from Capital Economics recently reported: “The firm has found that since January, the number of homes purchased by cash buyers […]

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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 […]

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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 […]

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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 […]

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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. […]

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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 […]

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5 Great Reasons to Sell Your House Today

We are often asked “Is it time to sell my home?” The answer to that question is based on what your families’ goals are. If you don’t need or want to move for a few years it might make sense to wait for the housing industry to recover and prices to appreciate. However, if you […]

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Discounted Competition Is About to Enter the Market

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Delinquency Rates Dropping Dramatically

In yesterday’s blog post, we explained that the ‘shadow inventory’ of distressed properties which has hung over the housing market will soon be released for sale. The real estate market won’t recover until we work our way through this discounted inventory. The great news is that as these properties exit the bottom of the inventory […]

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Shadow Inventory: Luckily, Here It Comes

One of the biggest challenges to the housing industry throughout the rest of the year will be the increase in discounted properties coming unto the market. There is a glut of foreclosures that have been delayed by the court systems in many states while paperwork was corrected. The banks are rectifying their paperwork and processes. […]

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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 […]

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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 […]

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Homeownership: Why Wait?

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For the More Affluent Home Seller

Estate Planning is a boring topic. However, there are few issues more misunderstood that have such tremendous impact on families and the legacy they leave behind. Many people don’t realize that when adding a home to their assets, being a “paper” millionaire isn’t as farfetched as it seems when living paycheck-to-paycheck. The federal estate tax exemption has been extended for two years […]

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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 […]

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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 […]

Things to Consider Before Renting a Home You Can’t Sell

In this difficult housing market, more and more homeowners are considering renting their house instead of adjusting the price. We strongly believe that residential real estate is a great investment and therefore can understand this thinking. However, if you have no desire to actually become an educated investor in this sector, you may be headed […]

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Do What He Did, Not What He Said

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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 […]

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FSBO a No Go!

This blog prides itself on the quality of real estate information we deliver each and every day. We try to gather empirical evidence to validate the positions we take. We do not use just an anecdotal story to make a point. We also do not get caught up in the sensationalism of the moment. However, […]

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A Rose By Any Other Name…Might Be Worth More

We are again 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 What is in a Subdivision’s Name? The Research What is in a subdivision’s name?  Is there any pricing […]

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When Did Americans Start Playing It Safe?

There seems to be a paralysis in America right now. Companies are afraid to hire even though they are sitting on hordes of cash. Politicians are afraid to show leadership on certain issues as it may cost them the next election. People are afraid to move forward with a purchase of a home because they […]

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Tick…Tick…Tick…

We are dedicated to bringing you the most current and important housing news each and every day. We don’t get involved with the ‘what ifs’ of politics.  The current debate in Washington has caused a paralysis in consumers, caused by uncertainty. People just can’t be sure what is coming next.  As always, we will work hard to bring clarity to the confusion. We will […]