We, at KCM, have often broken down the opportunity that exists now for Millennials who are willing and able to purchase a home NOW… Here are a couple other ways to look at the cost of waiting. Let’s say you’re 30 and your dream house costs $250,000 today, at 4.41% your monthly Mortgage Payment with […]
There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage – either your mortgage or your landlord’s. As a recent paper from the Joint Center for […]
Last Thursday, we hosted a webinar on how to optimize your business during this spring’s real estate market. During that webinar, we explained the importance of having strong visuals to enhance your marketing and be victorious in your negotiations. We divided the visuals into four packages: First Time Buyers Move Up Buyers Open Houses Interest […]
Just like May flowers, every spring the housing market blossoms as buyers come out ready to purchase their dream house. This spring, we believe we are going to see the strongest purchasing market we have seen in a decade. Why are we so bullish on the housing market this spring? Here are a few reasons: […]
We have never hid our belief in homeownership. That does not mean we think EVERYONE should run out and buy a house. However, if a person or family is ready, willing and able to purchase a home, we believe that owning is much better than renting. And we believe that now is a great time […]
The sales of vacation homes skyrocketed last year. A recent study also revealed that 25% of those surveyed said they’d likely buy a second home, such as a vacation or beach house, to use during retirement. For many Baby Boomers, the idea of finally purchasing that vacation home (that they may eventually use in retirement) […]
The housing market is recovering nicely. Prices have increased nationally by double digits over the last twelve months. Competition from the shadow inventory of lower priced distressed properties (foreclosures and short sales) is diminishing rapidly. Now may be the perfect time to sell your home and move to the dream house or beautiful location your […]
We strongly believe that this is the year Millennials will re-enter the housing market in a VERY BIG WAY. NAR’s recent Home Buyer and Seller Generational Trends report has revealed that this generation already makes up a higher percentage of home purchasers than any other generation. The reason is that Millennials associate homeownership with these […]
The American desire to own a second home as a vacation home is alive and well! The National Association of Realtors analysis of U.S. Census Bureau data shows there are approximately 8 million vacation homes in the U.S. Their 2014 Investment and Vacation Home Buyers Survey shows vacation home sales improved substantially in 2013. NAR Chief Economist […]
Over the last six years, homeownership has lost some of its allure as a financial investment. As homeowners suffered through the housing bust, more and more began to question whether owning a home was truly a good way to build wealth. A study by the Federal Reserve formally answered this question. Some of the findings […]
Many sellers are still hesitant about putting their house up for sale. Where are prices headed? Where are interest rates headed? These are all valid questions. However, there are several reasons to sell your home sooner rather than later. Here are three of those reasons. 1. Demand is about to skyrocket Most people realize that […]
We have often talked about the difference between COST and PRICE. As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As either a first time or repeat buyer, you must not be concerned about price but instead about the ‘long term […]
The most recent projection by Freddie Mac calls for 30 year fixed mortgage rates to hit 5.7% by the end of 2015. The Home Price Expectation Survey also calls for home values to increase by approximately 8% during the same period. The ultimate impact on your buyers’ pocketbook?
Today, Justin DeCesare returns as our guest blogger. Justin is the CEO of Middleton & Associates Real Estate in La Jolla, CA. – The KCM Crew Millennials have become an important topic of discussion for media outlets and blogs throughout the country. While some argue that my generation is blossoming later than our predecessors, optimists such as […]
Nielsen recently released their report “Millennials – Breaking the Myths” and today I want to focus on the information reported about Hispanic Millennials. Of the 77 million Millennials, 19% are Hispanic. This group (age 18-36) is the most racially and ethnically diverse than any previous generation. According to this report, Nielsen expects the Hispanic population […]
We have often gone against the grain to promote the fact that Millennials have a stronger belief in homeownership than previous generations. Some have strongly disagreed. Well, a new study from the National Association of Realtors (NAR) found Millennials now account for the greatest market share of recent home purchases. NAR’s Home Buyer and Seller […]
We believe that 2014 will be the year that Millennials re-enter the housing market in a big way. Because of that, we will be dedicating our blog posts each day this week to a better understanding of this generation. – The KCM Crew A recent survey by the PulteGroup revealed that the Millennial generation has […]
It is crucially important that, as experts in the real estate field, we can articulate what is actually taking place in the housing market…especially when news headlines are causing confusion. That is definitely the case right now when it comes to existing home sales numbers. Overall, sales volumes are down. We realize that. However, a […]
Recently, HousingWire asked David Berson, chief economist at Nationwide, for his opinion on the near-term future of housing. Below are what Mr. Berson believes to be the three things you need to know about housing in 2014. We have included a quote from the article and a small comment from KCM for all three points. […]
