by The KCM Crew on September 6, 2016 School is back in session, the holidays are right around the corner, you might not think that now is the best time to sell your house. But with inventory below historic numbers and demand still strong, you could be missing out on a great opportunity for your family. Here are […]
by The KCM Crew on July 20, 2016 in First Time Homebuyers, For Buyers The Consumer Price Index (CPI) was released by the Labor Department last week. An analysis by Market Watch revealed the cost of rent was 3.8% higher than a year ago for the second straight month in June. That’s the strongest yearly price gain since 2007. This coincides with a report released earlier this month in […]
by The KCM Crew on July 13, 2016 in First Time Homebuyers, For Buyers As a seller, you will be most concerned with the ‘short term price’ – where home values are headed over the next six months. As a buyer, you must be concerned not with price but instead with the ‘long term cost’ of the home. Many economists have […]
by The KCM Crew on July 13, 2016 in First Time Homebuyers, For Buyers 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: They want the opportunity to build equity. They want a stable and […]
by The KCM Crew on July 13, 2016 in First Time Homebuyers, For Buyers The widespread myth that perfect credit and large down payments are necessary to buy a home are holding many potential home buyers on the sidelines. According to Ellie Mae’s latest Origination Report, the average FICO score for all closed loans in May was 724, […]
According to the latest Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index,homeownership is a better way to produce greater wealth, on average, than renting. The results from the first quarter index showed that “16 of the 23 metropolitan markets investigated moved in the direction of buy territory.” The BH&J Index is a quarterly report that attempts to answer […]
AceKingQueen-2AceKingQueen-2
In sports, third place isn’t exactly what athletes aspire to, but when it comes to some recent mortgage market news, there’s a ‘third place’ you might love to find yourself in: The population of homeowners who could refinance their homes and save hundreds of dollars on their monthly payment increased by one-third in January according […]
Mortgage and real estate markets and matters have become staples in the media in the last few years. That’s good and bad news for the industry and consumers. Headlines such as “Mortgage Interest Rates are Low!” and “Real Estate Prices are Soaring!” sound great and they can be good things – depending on many other […]