For Buyers Archives

With residential home prices continuing to appreciate at levels above historic norms, some are questioning if we are heading toward another housing bubble (and subsequent burst) like the one we experienced in 2006-2008.

For Buyers, Home Prices, First-Time Buyers, Move-Up

A Housing Bubble? Industry Experts Say NO!

With residential home prices continuing to appreciate at levels above historic norms, some are questioning if we are heading toward another housing bubble (and subsequent burst) like the one we experienced in 2006-2008.

November 9, 2017/by KCM CREW

The American Dream of homeownership is alive and well. Recent reports show that the US homeownership rate has rebounded from recent lows and is headed in the right direction. The personal reasons to own differ for each buyer, but there are many basic similarities.

For Buyers, For Sellers, First-Time Buyers, Move-Up, Rent vs. Buy

5 Reasons Homeownership Makes ‘Cents’

The American Dream of homeownership is alive and well. Recent reports show that the US homeownership rate has rebounded from recent lows and is headed in the right direction. The personal reasons to own differ for each buyer, but there are many basic similarities.

November 8, 2017/by KCM CREW

Multigenerational homes are coming back in a big way! In the 1950s, about 21%, or 32.2 million Americans shared a roof with their grown children or parents. According to an article by Realtor.com, “Nearly 1 in 5 Americans is now living in a multigenerational household – a household with two or more adult generations, or grandparents living with grandchildren – a level that hasn’t been seen in the U.S. since 1950.”

For Buyers, For Sellers, Home Prices, Move-Up

Multigenerational Households May Be the Answer to Price Increases

Multigenerational homes are coming back in a big way! In the 1950s, about 21%, or 32.2 million Americans shared a roof with their grown children or parents. According to an article by Realtor.com, “Nearly 1 in 5 Americans is now living in a multigenerational household – a household with two or more adult generations, or grandparents living with grandchildren – a level that hasn’t been seen in the U.S. since 1950.”

November 7, 2017/by KCM CREW

The National Association of Realtors (NAR) released their latest Quarterly Metro Home Price Report last week. The report revealed that severely lacking inventory across the country drained sales growth and kept home prices rising at a steady clip in nearly all metro areas. Home prices rose 5.3% over the last quarter across all metros.

For Buyers, For Sellers, Home Prices, First-Time Buyers, Move-Up

Low Inventory Causes Home Prices to Maintain Fast Growth

The National Association of Realtors (NAR) released their latest Quarterly Metro Home Price Report last week. The report revealed that severely lacking inventory across the country drained sales growth and kept home prices rising at a steady clip in nearly all metro areas. Home prices rose 5.3% over the last quarter across all metros.

November 6, 2017/by KCM CREW

For Buyers, For Sellers, Infographics

The Difference an Hour Makes in Real Estate [INFOGRAPHIC]

Every Hour in the US Housing Market:

624 Homes Sell
347 Homes Regain Positive Equity
Median Home Values Go Up $1.13

Some Highlights

November 3, 2017/by KCM CREW

Knowing your credit score or getting a recent copy of your credit report is one of the first steps that you can take toward knowing how ready you are to start the home buying process.

For Buyers, First-Time Buyers, Move-Up

Thinking About Buying? Know Your Credit Score

Knowing your credit score or getting a recent copy of your credit report is one of the first steps that you can take toward knowing how ready you are to start the home buying process.

November 1, 2017/by KCM CREW

A considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainty about the buying process. A specific cause for concern tends to be mortgage qualification.

For Buyers, First-Time Buyers, Move-Up

Don't Let Fear Stop You from Applying for a Mortgage

A considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainty about the buying process. A specific cause for concern tends to be mortgage qualification.

October 31, 2017/by KCM CREW

There are some people who have not purchased homes yet 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 yours or your landlord’s.

For Buyers, First-Time Buyers, Mortgage Rates, Move-Up, Rent vs. Buy

Renting or Buying…Either Way, You're Paying Someone's Mortgage

There are some people who have not purchased homes yet 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 yours or your landlord’s.

October 30, 2017/by KCM CREW

For Buyers, Infographics, First-Time Buyers

Buying a Home Can Be Scary... Unless You Know the Facts [INFOGRAPHIC]

Some Highlights

Many potential homebuyers believe that they need a 20% down payment and a 780 FICO® score to qualify to buy a home, which stops many of them from even trying! Here are some facts:

40% of millennials who purchased homes this year have put down less than 10%.
76.4% of loan applications were approved last month.
The average credit score of approved loans was 724 in September.

October 27, 2017/by KCM CREW

In Trulia’s recent report, Rent vs. Buy: Roommate Edition, they examined the impact that renting with a roommate has in determining whether it is more expensive to rent or buy. The study explains:

For Buyers, For Sellers, First-Time Buyers, Move-Up, Rent vs. Buy

How to Save on a Mortgage Payment Whether Buying or Selling

In Trulia’s recent report, Rent vs. Buy: Roommate Edition, they examined the impact that renting with a roommate has in determining whether it is more expensive to rent or buy. The study explains:

October 26, 2017/by KCM CREW

The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Report which revealed that sales rose 0.7% month-over-month, but remain 1.5% lower than they were a year ago. Some may look at these numbers and think that now is not a good time to sell their house, but in fact, the opposite is true.

For Buyers, For Sellers, Home Prices, Move-Up

The #1 Reason to List Your House, NOW!

The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Report which revealed that sales rose 0.7% month-over-month, but remain 1.5% lower than they were a year ago. Some may look at these numbers and think that now is not a good time to sell their house, but in fact, the opposite is true.

October 25, 2017/by KCM CREW

A report released by Down Payment Resource shows that 61% of first-time homebuyers purchased their homes with a down payment of 6% or less.

For Buyers, First-Time Buyers, Move-Up

Millennials Flock Towards Low Down Payment Programs

A report released by Down Payment Resource shows that 61% of first-time homebuyers purchased their homes with a down payment of 6% or less.

October 24, 2017/by KCM CREW

Whether you are buying or selling a home, it can be quite an adventurous journey. This is why you need an experienced real estate professional to guide you on the path to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO.

For Buyers, For Sellers, First-Time Buyers, Move-Up, For Sale by Owner

5 Reasons to Hire a Real Estate Professional When Buying or Selling!

Whether you are buying or selling a home, it can be quite an adventurous journey. This is why you need an experienced real estate professional to guide you on the path to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO.

October 23, 2017/by KCM CREW

For Buyers, Infographics, Rent vs. Buy

The Cost of Renting vs. Buying a Home [INFOGRAPHIC]

Some Highlights

Historically, the choice between renting or buying a home has been a tough decision.
Looking at the percentage of income needed to rent a median-priced home today (29.2%) vs. the percentage needed to buy a median-priced home (15.8%), the choice becomes obvious.
Every market is different. Before you renew your lease again, find out if you can put your housing costs to work by buying this year!

October 20, 2017/by KCM CREW

In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.

For Buyers, First-Time Buyers, Mortgage Rates, Move-Up, Rent vs. Buy

Buying Remains Cheaper Than Renting in 39 States!

In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.

October 17, 2017/by KCM CREW

For Buyers, For Sellers, Infographics, First-Time Buyers, Move-Up

4 Reasons to Sell This Fall [INFOGRAPHIC]

Some Highlights

Buyer demand continues to outpace the supply of homes for sale! Buyers are often competing with one another for the listings that are available!
Housing inventory is still under the 6-month supply that is needed for a normal housing market.
Perhaps the time has come for you and your family to move on and start living the life you desire.

October 13, 2017/by KCM CREW

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey data, covering 2013-2016 was released two weeks ago.

For Buyers, For Sellers, First-Time Buyers, Move-Up, Rent vs. Buy

Net Worth of Homeowners 44X Greater than Renters

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey data, covering 2013-2016 was released two weeks ago.

October 12, 2017/by KCM CREW

Millennials are on track to become the most educated generation in history. This means they are also the generation with the most student debt. Depending on the type of degree earned, as well as the prestige of the institution attended, there are some millennials who graduate college with what equates to a mortgage payment.

For Buyers, First-Time Buyers, Move-Up

Builder Offering to Pay Off Student Loans for Buyers

Millennials are on track to become the most educated generation in history. This means they are also the generation with the most student debt. Depending on the type of degree earned, as well as the prestige of the institution attended, there are some millennials who graduate college with what equates to a mortgage payment.

October 11, 2017/by KCM CREW

In a CNBC article, self-made millionaire David Bach explained that “the single biggest mistake millennials are making” is not purchasing a home because buying real estate is “an escalator to wealth.”

For Buyers, First-Time Buyers, Move-Up

Millionaire to Millennials: Buy a Home Now!

In a CNBC article, self-made millionaire David Bach explained that “the single biggest mistake millennials are making” is not purchasing a home because buying real estate is “an escalator to wealth.”

October 10, 2017/by KCM CREW

For Buyers, First-Time Buyers, Move-Up

No… You Do Not Need 20% Down to Buy NOW!

The Aspiring Home Buyers Profile from the National Association of Realtors (NAR) found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. The results of the survey show that non-homeowners cite the main reason for not currently owning a home, as not being able to afford one.

October 9, 2017/by KCM CREW

For Buyers, Infographics, First-Time Buyers, Move-Up

The Mortgage Process: What You Need to Know [INFOGRAPHIC]

Some Highlights

Many buyers are purchasing a home with a down payment as little as 3%.
You may already qualify for a loan, even if you don't have perfect credit.
Take advantage of the knowledge of your local professionals who are there to help you determine how much you can afford.

October 6, 2017/by KCM CREW

Six months ago, we reported that the mismatch between the type of inventory of homes for sale and the demand of buyers in the US was causing the formation of two markets.

For Buyers, For Sellers, First-Time Buyers, Move-Up

A Tale of Two Markets: A 6-Month Update

Six months ago, we reported that the mismatch between the type of inventory of homes for sale and the demand of buyers in the US was causing the formation of two markets.

October 4, 2017/by KCM CREW

You’ve decided to sell your house. You begin to interview potential real estate agents to help you through the process. You need someone you trust enough to:

For Buyers, For Sellers, First-Time Buyers

You Don't Want to Hear This from Your Listing Agent

You’ve decided to sell your house. You begin to interview potential real estate agents to help you through the process. You need someone you trust enough to:

October 3, 2017/by KCM CREW

Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 5.6%. CoreLogic, in their most recent Home Price Index Report, revealed that national home prices have increased by 6.7% year-over-year.

For Buyers, For Sellers, First-Time Buyers, Move-Up

Which Homes Have Increased in Value the Most?

Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 5.6%. CoreLogic, in their most recent Home Price Index Report, revealed that national home prices have increased by 6.7% year-over-year.

October 2, 2017/by KCM CREW

For Buyers, Infographics, Home Prices, First-Time Buyers, Mortgage Rates, Move-Up

Should I Buy a Home Now? Or Wait Until Next Year? [INFOGRAPHIC]

Some Highlights

The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time.
Freddie Mac predicts interest rates to rise to 4.4% by next year.
CoreLogic predicts home prices to appreciate by 5.0% over the next 12 months.
If you are ready and willing to buy your dream home, find out if you are able to!

September 29, 2017/by KCM CREW

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