Market Updates

Aug. 10, 2021

Looking for a Place To Call Home? Consider a Condominium.

Looking for a Place To Call Home? Consider a Condominium. | MyKCM

It’s no secret that one of the top stories in today’s real estate market is low housing supply and high buyer demand. If you’re a first-time buyer looking for a starter home or are someone who’s interested in downsizing, it may be worth considering a condominium (condo) as …

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Posted in Market Updates
Aug. 9, 2021

The Community and Economic Impacts of a Home Sale

The Community and Economic Impacts of a Home Sale | MyKCM

If you’re thinking of buying or selling a house, chances are you’re focusing on the many extraordinary ways it’ll change your life. What you may not realize is that decision impacts people’s lives far beyond your own. Home purchases and sales are significant drivers of economic activity. They …

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Posted in Market Updates
Aug. 6, 2021

Ready To Sell, but Don’t Know Where You’ll Go? [INFOGRAPHIC]

Ready To Sell, but Don’t Know Where You’ll Go? [INFOGRAPHIC] | MyKCM

Some Highlights

  • If you’re thinking of selling your house but don’t know what you should buy, you have options.
  • Existing homes offer a wide variety of home styles, an established neighborhood, and lived-in charm. Meanwhile, new home construction lets you create your perfect home, …
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Posted in Market Updates
Aug. 5, 2021

Surprising Shift Favors Homeowners: Buyers Now Prefer Existing Homes

Surprising Shift Favors Homeowners: Buyers Now Prefer Existing Homes | MyKCM

In April, the National Association of Home Builders (NAHB) posted an article, Home Buyers’ Preferences Shift Towards New Construction, which reported:

60% of people who were looking to buy a home in 2020 said they'd prefer new construction to an existing home.

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Posted in Market Updates
Aug. 4, 2021

Make Today’s Home Price Appreciation Work for You

Sellers: Make Today’s Home Price Appreciation Work for You | MyKCM

Home prices continue to rise as we move through the summer, and that’s good news for sellers who are looking to maximize their home’s potential. If you’re on the fence about whether to list your house now or later, the question you should really ask is: will this …

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Posted in Market Updates
Aug. 3, 2021

With Rents on the Rise – Is Now the Time To Buy?

With Rents on the Rise – Is Now the Time To Buy? | MyKCM

According to recent data from realtor.com, median rental prices have reached their highest point ever recorded in many areas across the country. The report found rents rose by 8.1% from the same time last year. As it notes:

Beyond simply recovering to pre-pandemic levels, …

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Posted in Market Updates
Aug. 2, 2021

Key Questions To Ask Yourself Before Buying a Home

Key Questions To Ask Yourself Before Buying a Home | MyKCM

Sometimes it can feel like everyone has advice when it comes to buying a home. While your friends and loved ones may have your best interests in mind, they may also be missing crucial information about today’s housing market that you need to make your best decision.

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Posted in Market Updates
July 30, 2021

Waiting To Buy a Home Could Cost You

Waiting To Buy a Home Could Cost You [INFOGRAPHIC] | MyKCM

Some Highlights

  • If you’re thinking of buying a home but wondering if waiting a few years will save you in the long run, think again.
  • The longer the wait, the more you’ll pay, especially when mortgage rates and home prices rise. Even the slightest change …
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Posted in Market Updates
July 29, 2021

Home Sellers: There Is an Extra Way To Welcome Home Our Veterans

Home Sellers: There Is an Extra Way To Welcome Home Our Veterans | MyKCM

Some veterans are finding it difficult to obtain a home in today’s market. According to the National Association of Realtors (NAR):

“Conventional conforming mortgages (mortgages that conform to guidelines set by Fannie Mae and Freddie Mac), accounted for 74% of mortgages obtained by homebuyers in May …

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Posted in Market Updates
July 28, 2021

4 Reasons Why the End of Forbearance Will Not Lead to a Wave of Foreclosures

4 Reasons Why the End of Forbearance Will Not Lead to a Wave of Foreclosures | MyKCM

With forbearance plans about to come to an end, many are concerned the housing market will experience a wave of foreclosures like what happened after the housing bubble 15 years ago. Here are four reasons why that won’t happen.

1. There are fewer homeowners in trouble this …

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Posted in Market Updates