July 2016 – Keeping Current Matters

For Buyers, For Sellers, Infographics

Home Sales Accelerate During The “Dog Days of Summer” [INFOGRAPHIC]

Some Highlights:

Existing home sales have accelerated to the highest pace since February 2007 at an annual pace of 5.57 million.
Inventory of homes for sale remains below the historically normal 6-month mark at a 4.6-month supply, down 5.8% year-over-year.
Median home sales prices rose to $247,700, 4.8% higher than a year ago and replaced the previous peak in May of $238,900.

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July 29, 2016/by KCM CREW

The residential housing market has been hot. Home sales have bounced back solidly and are now at their second highest pace since February 2007. Demand has remained strong throughout the summer as many real estate professionals are reporting bidding wars with listings actually selling above listing price. What about your house?

For Sellers, Home Prices

House Hasn’t Sold Yet? Take Another Look at Your Price!

The residential housing market has been hot. Home sales have bounced back solidly and are now at their second highest pace since February 2007. Demand has remained strong throughout the summer as many real estate professionals are reporting bidding wars with listings actually selling above listing price. What about your house?

Read more →

July 28, 2016/by KCM CREW

According to Bankrate’s latest Financial Security Index Poll, Americans who have money to set aside for the next 10 years would rather invest in real estate than any other type of investment.

For Buyers, First-Time Buyers, Move-Up

Americans Believe Real Estate is Best Long-Term Investment

According to Bankrate’s latest Financial Security Index Poll, Americans who have money to set aside for the next 10 years would rather invest in real estate than any other type of investment.

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July 27, 2016/by KCM CREW

If you are debating listing your house for sale this year, here is the #1 reason not to wait!

For Sellers

The Top Reason to List Your House For Sale Now!

If you are debating listing your house for sale this year, here is the #1 reason not to wait!

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July 26, 2016/by KCM CREW

Just over a month ago, the United Kingdom decided to withdraw from the European Union in a decision commonly known as Brexit. At that time there was a lot of speculation on how that decision would impact the U.S. residential mortgage market. Today, we want to look at the impact of the first 30 days.

For Buyers, For Sellers

Brexit 1 Month Later: The Impact on Mortgage Rates

Just over a month ago, the United Kingdom decided to withdraw from the European Union in a decision commonly known as Brexit. At that time there was a lot of speculation on how that decision would impact the U.S. residential mortgage market. Today, we want to look at the impact of the first 30 days.

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July 25, 2016/by KCM CREW

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

Slaying Myths About Home Buying [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.

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July 22, 2016/by KCM CREW

According to a Merrill Lynch study, “an estimated 4.2 million retirees moved into a new home last year alone.” Two-thirds of retirees say that they are likely to move at least once during retirement.

For Sellers, Senior Market

Baby Boomers Are On the Move

According to a Merrill Lynch study, “an estimated 4.2 million retirees moved into a new home last year alone.” Two-thirds of retirees say that they are likely to move at least once during retirement.

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July 21, 2016/by KCM CREW

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.

For Buyers, First-Time Buyers

Rents Skyrocket at Highest Rate in Almost a Decade

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.

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July 20, 2016/by KCM CREW

Every three years, the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400).

For Buyers, First-Time Buyers

A Homeowner’s Net Worth is 45x Greater Than a Renter’s!

Every three years, the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400).

Read more →

July 19, 2016/by KCM CREW

If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in the real estate market.

For Buyers, First-Time Buyers, Mortgage Rates, Move-Up

3 Questions Every Buyer Should Ask Themselves

If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in the real estate market.

Read more →

July 18, 2016/by KCM CREW

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

Should I Wait Until Next Year? Or Buy Now? [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 4.6% by next year.
CoreLogic predicts home prices to appreciate by 5.3% over the next 12 months.
If you are ready and willing to buy your dream home, find out if you are able to!

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July 15, 2016/by KCM CREW

Whether you are considering the purchase of your first home or trading up to the home your family frequently fantasizes about, there are three crucial questions you must know the answer to:

For Buyers, First-Time Buyers, Move-Up

3 Crucial Questions Most Home Buyers Don’t Know the Answer To...DO YOU?

Whether you are considering the purchase of your first home or trading up to the home your family frequently fantasizes about, there are three crucial questions you must know the answer to:

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July 14, 2016/by KCM CREW

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, far lower than the 750 or 800 that many buyers believe to be true.

For Buyers, First-Time Buyers

Would You Qualify for a Mortgage Now?

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, far lower than the 750 or 800 that many buyers believe to be true.

Read more →

July 13, 2016/by KCM CREW

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:

For Buyers, First-Time Buyers

Homeownership Builds Wealth & 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:

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July 12, 2016/by KCM CREW

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.

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

Saving to Buy a Home? Do You Know the Difference Between Cost & Price?

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.

Read more →

July 11, 2016/by KCM CREW

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

Saving To Buy A Home? What Would You Sacrifice? [INFOGRAPHIC]

Some Highlights:

95% of first-time homebuyers are willing to sacrifice to make homeownership a reality.
The top thing that buyers sacrifice are new clothes at 54%.
Even repeat or experienced buyers say they sacrificed taking a vacation or buying a new car to buy their last home.

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July 8, 2016/by KCM CREW

Last week, the National Association of Realtors (NAR) released their Pending Home Sales Index, a forward-looking indicator of home sales based on contract signings. The report revealed that this May’s numbers weren’t quite as good as the year before:

For Sellers

Is Now the Right Time to Put Your House on the Market …or Not?

Last week, the National Association of Realtors (NAR) released their Pending Home Sales Index, a forward-looking indicator of home sales based on contract signings. The report revealed that this May’s numbers weren’t quite as good as the year before:

Read more →

July 7, 2016/by KCM CREW

Every homeowner wants to make sure they get the best price when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get the highest price possible.

For Sellers, Home Prices

2 Tips For Getting The Most Money When Selling Your House

Every homeowner wants to make sure they get the best price when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get the highest price possible.

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July 6, 2016/by KCM CREW

Summer is here! The temperature isn't the only thing heating up right now, so too is the housing market in many areas of the country! Here are four great reasons to consider buying a home today instead of waiting.

For Buyers, First-Time Buyers, Mortgage Rates, Move-Up

4 Reasons to Buy This Summer!

Summer is here! The temperature isn't the only thing heating up right now, so too is the housing market in many areas of the country! Here are four great reasons to consider buying a home today instead of waiting.

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July 5, 2016/by KCM CREW

For Buyers, For Sellers

Happy Independence Day!

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July 2, 2016/by KCM CREW

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

Sales at Highest Pace in 9 Years! [INFOGRAPHIC]

Some Highlights:

Sales of existing homes reached the highest annual pace in over 9 years at 5.29 million.
Inventory remains below the 6-month norm and prices are still on the rise.
Interest rates are at a historic low of 3.48%.

Read more →

July 1, 2016/by KCM CREW

Home Sales Accelerate During The “Dog Days of Summer” [INFOGRAPHIC]

Some Highlights:

House Hasn’t Sold Yet? Take Another Look at Your Price!

Americans Believe Real Estate is Best Long-Term Investment

The Top Reason to List Your House For Sale Now!

Brexit 1 Month Later: The Impact on Mortgage Rates

Slaying Myths About Home Buying [INFOGRAPHIC]

Baby Boomers Are On the Move

Rents Skyrocket at Highest Rate in Almost a Decade

A Homeowner’s Net Worth is 45x Greater Than a Renter’s!

3 Questions Every Buyer Should Ask Themselves

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

Some Highlights:

3 Crucial Questions Most Home Buyers Don’t Know the Answer To...DO YOU?

Would You Qualify for a Mortgage Now?

Homeownership Builds Wealth & Offers Stability

Saving to Buy a Home? Do You Know the Difference Between Cost & Price?

Saving To Buy A Home? What Would You Sacrifice? [INFOGRAPHIC]

Some Highlights:

Is Now the Right Time to Put Your House on the Market …or Not?

2 Tips For Getting The Most Money When Selling Your House

4 Reasons to Buy This Summer!

Happy Independence Day!

Sales at Highest Pace in 9 Years! [INFOGRAPHIC]

Some Highlights:

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