With inventory so scarce in many markets, some agents are not putting their listings on MLS and instead keeping them private to their company. This issue has created great debate. Many of our readers have reached out to me hoping I would give my thoughts on the challenge believing that I would of course agree […]
Earlier in the week, we explained that experts have projected that U.S. home prices will appreciate by approximately 5% in 2013. We also revealed the Mortgage Bankers Association, Fannie Mae and the National Association of Realtors have all projected that the 30-year mortgage rate will be at least 4% by the end of 2013. If […]
The Mortgage Bankers Association, Fannie Mae and the National Association of Realtors have all projected that the 30-year mortgage rate will be at least 4% by the end of 2013. If we assume that rates will still be at 4% in twelve months, here is the difference a buyer will pay if they wait.
Experts have projected that U.S. home prices will appreciate by 5.4% in 2013. If we assume that prices will rise about the same 5% over the next twelve months, here is the difference a buyer will pay if they wait a year.
We want to thank everyone who answered last week’s request and provided suggestions for future topics we should address on the blog. Blog comments, emails and Facebook messages continue to come in at numbers we never anticipated. We will comprise a list of all the suggestions and will work diligently toward doing the research necessary […]
Recently the research team at the National Association of Realtors (NAR) looked at studies done by the Bureau of Economic Analysis, the Census Bureau, Macroeconomic Advisors and the Joint Center for Housing Studies at Harvard. After reviewing the data, they determined the total economic impact of a typical home sale in each state.
For more information visit:
http://economistsoutlook.blogs.realtor.org/2013/03/27/even-in-bad-times-real-estate’s-impact-is-big/
InfoGraphic
Today’s post is an excerpt from our newest eGuide, Real Estate’s New Market Reality, which explains how the role of the real estate professional has changed and what you can do to successfully help more buyers and sellers. You can download the entire eGuide at www.NewMarketReality.com. – The KCM Crew Don’t be afraid of those […]
Every day we try to bring you a better understanding of what we believe to be the major issues impacting the current real estate market. Today, we want to hear the topics on which YOU BELIEVE we should be reporting. Please leave your suggestion in the comment section below (If you are receiving this by […]
Over the last few years, new words have become part of our real estate vocabulary when discussing distressed properties. Terms such as ‘shadow inventory’, ‘cure rate’ and ‘short sales’ were introduced. Other words like ‘underwater’ and ‘upside down’ took on totally new meanings. Today, we want to add two additional words that we will be […]
Every potential home buyer has to stop for at least a moment and consider this question. Today, we want to look at one of the many financial reasons to buy instead of rent: the housing expense moving forward. According to the latest Existing Home Sales Report from the National Association of Realtors, the median sales […]
Information from The Pew Charitable Trusts report: The Geographic Distribution of the Mortgage Interest Deduction
Recently the research team at the National Association of Realtors (NAR) looked at studies done by the Bureau of Economic Analysis, the Census Bureau, Macroeconomic Advisors and the Joint Center for Housing Studies at Harvard. After reviewing the data, they determined the total economic impact of a typical home sale in the United States is […]
TD Bank recently announced the results of their inaugural Mortgage Service Index. The index was designed to identify best practices and trouble areas in home financing and act as a service indicator for lending institutions. Below are some of the key findings of the survey. Positive Experiences The index identified the percentage of respondents who […]
The cover story of last month’s Barron’s Magazine discussed the Millennial generation and the impact they will have on the economy including the housing sector. There have been many contrasting views about this age group and their feelings on whether or not homeownership is a part of their personal American Dream. Here are few questions […]
Gallup just released its poll, American Dream of Owning Home Lives On. Their conclusion? “Gallup data on homeownership provide strong support for the idea that the American Dream of owning a home continues to be alive and well. The majority of Americans who own a home plan on continuing to do so in the future, […]
The above information was taken from the following surveys conducted by Gallup:
U.S. Homeowners’ Reasons for Owning More Than Financial
In a recent story on MSN Money titled, Mortgage Borrowing Is Getting Easier, it was revealed that: “Credit is not raining down on would-be borrowers, but it will be a bit more accessible this year.” The article bases it findings on the Federal Reserve’s January Survey of Loan Officers. Dan Greene of the Daily Mortgage […]
The National Association of Realtors just released their Pending Sales Report which revealed that buyer demand is at its highest point in three years. At the same time, the supply of homes for sale has dramatically dropped in the last several months. That has created a real estate market not seen since boom times of […]
We are often asked if the housing market can truly rebound if the all-round economy remains sluggish. We answer by explaining the housing market is not dependent on the economy but rather the economy is reliant on the housing market. Mark Zandi, Chief Economist at Moodys.com, addressed this issue in a recent report. “Historically, housing […]
Hi Guys, I need a favor. If you have ever shared a KCM Blog post or InfoGraphic, please take a second to share this link. The KCM Crew has put together fabulous information for this Wednesday’s webinar. It will assist agents in guiding their buyers to achieve their dream of homeownership. We already have over […]
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With the housing market beginning to heat up, we are afraid some sellers may consider trying to sell their house as a For Sale By Owner (FSBO). This week we will be posting on the reasons that we believe trying to sell on your own may be a mistake. – KCM Crew It is amazing […]
