Entries by The KCM Crew

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New Foreclosure Wave: What Will Be the Impact?

We reported two months ago that foreclosures will significantly increase this summer as a result of The National Mortgage Settlement. This month, both Reuters (Americans brace for next foreclosure wave) and CNNMoney (Flood of foreclosures to hit the housing market) concurred. However, we believe this increase in distressed properties will have a much different impact […]

FSBOing May NOT Be the Answer

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). Here is an article we ran last summer that sellers should consider. – KCM Crew This blog prides itself on the quality of real estate information we deliver each […]

6 Don’ts After You Apply For A Mortgage

I learned a long time ago that “common sense is NOT common practice“. This is especially the case during the emotional time that surrounds buying a home, when people tend to do some non-commonsensical things. Here are a few that I’ve seen over the years that have delayed (and even killed) deals: Don’t deposit cash into […]

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Americans Predict Rents and Home Prices to Increase

We report on Fannie Mae’s Quarterly National Housing Survey every ninety days. Fannie Mae also does a monthly survey covering different aspects of the housing market. Here are some record numbers we found interesting in Fannie Mae’s March report (emphasis added). Thirty-three percent of respondents expect home prices to increase over the next 12 months, the […]

The 4 C’s of Mortgage Underwriting

With Spring upon us, and new buyers out looking for houses, I thought today might be a good time to review the basics of what lenders look for as they decide to approve (or deny) mortgage applications. For at least 25 years, I have heard them called “The 4 C’s of Underwriting”- Capacity, Credit, Cash, […]

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National Housing Survey 2012

Each quarter, Fannie Mae releases their National Housing Survey. They survey the American public on a multitude of questions concerning today’s housing market. We like to pull out some of the findings we deem most interesting each time it is released. Here they are for the most recent report: 84% of the general population believes […]

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Housing Market: About to SPRING Back

We believe that 2012 will be the year that home sales start to climb again. Over the past thirty days, more and more experts are saying the same thing. Jamie Dimon, JPMorgan Chase CEO “I believe we’re very close to the inflection point. People look at prices that are still coming down but all the […]

Smart Advice About Your Credit

Quick Tip Today: Be aware that companies you do business with may sell your credit information. Now, many of the people buying the names and addresses of people who have given their credit information are legitimate marketing companies who are searching for a particular target audience. But lately, there is a rise of not-so-legitimate people […]

Spring Market Looks VERY Promising

The Spring market is upon us. Professionals across the country are reporting that buyer activity is very strong. Purchasers are beginning to realize that this is one of the greatest times in American real estate to buy a home. There are basically four reasons for this: They realize that it is the COST of the […]

Spring Has Sprung

Here comes Spring, historically the time of year when buyers awake from the winter slumber of the holidays and snowfall, and go on their pilgrimage to look for new housing. Houses look better in Spring with green grass, blooming trees, and flowers. Plus, buyers who find a home in the next 60 days can close […]

Rents Rising as Rental Availability Shrinks

Because of the challenges in the current economy, many families have either decided to rent or been forced to rent. How has this impacted rental options and the cost of the available options? HousingWire recently quoted Paul Dales, senior economist with Capital Economics: “As a consequence of Americans being less willing and less able to […]

Even a 14-Year-Old Knows It’s Time to Buy

We try to give our readers great real estate information each and every day. This information is usually in the form of analysis of the most current reports and studies on housing. We almost never use anecdotal stories. Today, we are making an exception because we were moved by this story. Willow Tufano is a […]

March Madness for Real Estate and Mortgages

It’s the time of year when the so-called experts tell you how to fill out your brackets for college basketball. The frenzy has been coined March Madness. Well, in the mortgage industry, we are seeing a frenzy of headlines, offers of so-called expert advice, and an unusually high level of buzz around real estate and […]