For Buyers Archives

The Residential Rental Market Heading into 2016

Below are quotes from experts as well as industry reports & articles that cover the residential rental market in the U.S.

December 2, 2015/by KCM CREW

The Impact of Higher Interest Rates

Last week, an article in the Washington Post discussed a new ‘threat’ homebuyers will soon be facing: higher mortgage rates. The article revealed:

December 1, 2015/by KCM CREW

For Buyers, First-Time Buyers

Rent vs. Buy: Either Way You're Paying A Mortgage

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.

November 30, 2015/by KCM CREW

For Buyers, For Sellers, Infographics

Existing Home Sales Up 3.9% [INFOGRAPHIC]

Some Highlights:

The annual adjusted sales are currently at a 5.36 million pace.
14,684 homes sell every day in the United States.
October marked the 44th consecutive month of price gains.

November 27, 2015/by KCM CREW

For Buyers, For Sellers

Thank You For Your Support

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November 26, 2015/by KCM CREW

For Buyers, For Sellers, Foreclosures

Distressed Property Sales Hit New Low

The National Association of Realtors (NAR) just released their Existing Home Sales Report revealing that distressed property sales accounted for 6% of sales in October. This is down from 9% in 2014 and the lowest figure since NAR began tracking distressed sales in October 2008.

November 25, 2015/by KCM CREW

For Buyers, First-Time Buyers

Millennials: What FICO Score is Needed to Buy a Home?

In a recent article by the Wharton School of Business at the University of Pennsylvania, it was revealed that some Millennials are not looking to purchase a home simply because they don’t believe they can qualify for a mortgage.

November 24, 2015/by KCM CREW

For Buyers, First-Time Buyers

Equity Matters A LOT... Just Ask Freddie Mac

There are many reasons, both financial and non-financial, that homeownership remains an important part of the American Dream. One of the biggest reasons is the fact that it helps build family wealth. Recently, Freddie Mac wrote about the power of home equity. They explained:

November 23, 2015/by KCM CREW

For Buyers, Infographics, First-Time Buyers

Singles Are Falling For Their Dream Home [INFOGRAPHIC]

Some Highlights:

24% of all recent home buyers were single at the time of purchase
47% of single men cite the desire to own a home of their own as the primary reason to buy
18% of first-time buyers were single women

November 20, 2015/by KCM CREW

For Buyers, Mortgage Rates

Should I Pay A Mortgage Interest Rate Over 4%?

Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Along with Freddie Mac, Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors are all calling for mortgage rates to continue to rise over the next four quarters.

November 19, 2015/by KCM CREW

For Buyers, Infographics, First-Time Buyers, Mortgage Rates

Slaying Myths About Buying A Home [INFOGRAPHIC]

Some Highlights:

Interest Rates are still below historic numbers.
88% of property managers raised their rent in the last 12 months!
Credit score requirements to be approved for a mortgage continue to fall. The 723 average score is the lowest since Ellie Mae began reporting on scores in August 2011.
The average first-time home buyer down payment was 6% in 2015 according to NAR.

November 13, 2015/by KCM CREW

For Buyers, For Sellers, First-Time Buyers

The Importance of Home Equity to a Family

There has been much written about how dramatically home values have increased over the last several years. With the increase in values, comes an increase in the equity each home owning family now has. The Joint Center of Housing Studies at Harvard University recently reported that, after taking inflation into account, aggregate home equity has increased 60% since 2010. And home equity is the major component of most family’s overall wealth.

November 12, 2015/by KCM CREW

For Buyers

Homeownership Builds Wealth and Offers Stability

The most recent Housing Pulse Survey released by the National Association of Realtors revealed that the two major reasons Americans prefer owning their own home instead of renting are:

November 10, 2015/by KCM CREW

For Buyers, Mortgage Rates

Where Are Mortgage Rates Headed? This Winter? Next Year?

The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to look at where rates are headed when deciding to buy now or wait until next year.

November 9, 2015/by KCM CREW

For Buyers, For Sellers, Senior Market

Baby Boomers Finding Freedom In Retirement

Within the next five years, Baby Boomers are projected to have the largest household growth of any other generation during that same time period, according to the Joint Center for Housing Studies of Harvard. Let’s take a look at why…

November 3, 2015/by KCM CREW

For Buyers, First-Time Buyers

Homeownership is Still a Huge Part of the "American Dream"

There have been some who have voiced doubt as to whether or not the younger generations still consider buying a home as being part of the “American Dream”. A study by Merrill Lynch puts that doubt to rest.

November 2, 2015/by KCM CREW

For Buyers, For Sellers, Infographics

The Difference An Hour Can Make [INFOGRAPHIC]

Every Hour in the US Housing Market:

634 Homes Sell
347 Homes Regain Positive Equity
Median Home Values Go Up $1.46

October 30, 2015/by KCM CREW

For Buyers, For Sellers

Picking a Real Estate Agent through Facebook

According to a joint study released by Google and the National Association of Realtors, 2 of 3 people searching for a prospective real estate professional research them “extensively online prior to working with them". And, that number is probably increasing every day.

October 29, 2015/by KCM CREW

For Buyers

Hispanics & Housing: Demand Over The Next Decade

The Mortgage Bankers’ Association (MBA) recently released a report: ‘Housing Demand: Demographics And The Numbers Behind The Coming Multi-Million Increase In Households’. In this study, the MBA “utilized a comprehensive analysis of data from 1976 to 2014, a period encompassing several market and housing cycles, to provide a projection of much stronger housing demand over the next decade.”

October 28, 2015/by KCM CREW

For Buyers, First-Time Buyers, Move-Up

Why You Should Hire A Professional When Buying A Home!

Many people wonder whether they should hire a real estate professional to assist them in buying their dream home or if they should first try to go it on their own. In today’s market: you need an experienced professional!

October 27, 2015/by KCM CREW

For Buyers, Infographics

Buying A Home Can Be SCARY... Until You Know The FACTS! [INFOGRAPHIC]

Some Highlights:

36% of Americans think they need a 20% down payment to buy a home. 44% of Millennials who purchased a home this year have put down less than 10%.
71% of loan applications were approved last month
The average credit score of approved loans was 723 in September (the lowest recorded score since Ellie Mae began tracking in August 2011).

October 23, 2015/by KCM CREW

For Buyers, First-Time Buyers

Here Come the Millennials!!

Many have been wondering when the much anticipated move by Millennials’ into homeownership would actually take place. We know the belief in owning a home is there.

October 22, 2015/by KCM CREW

For Buyers

Family Wealth Grows as Home Equity Builds

With residential real estate values rising quite substantially in most parts of the country over the last few years, many homeowners are seeing a major increase in their family’s wealth as equity continues to build in their house.

October 21, 2015/by KCM CREW

For Buyers, First-Time Buyers, Mortgage Rates

Applying For A Mortgage: Why So Much Paperwork?

We are often asked why there is so much paperwork mandated by the bank for a mortgage loan application when buying a home today. It seems that the bank needs to know everything about us and requires three separate sources to validate each and every entry on the application form.

October 20, 2015/by KCM CREW

For Buyers, First-Time Buyers

Buying a Home Remains 35% Less Expensive than Renting!

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 throughout the 100 largest metro areas in the United States.

October 19, 2015/by KCM CREW

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