Monthly Archives: May 2015
Housing Update: Demand Up, Supply Down, Prices Increasing
Earlier this week, the National Association of Realtors (NAR) released their latest quarterly report. The report covered three important aspects of the housing market: Buyer Demand Supply of Housing Inventory Single Family Residential Prices Today, we want to break down the highlights of the report along with several quotes from Lawrence Yun, the Chief Economist at NAR. Buyer... Read More
Grace Period With New Closing Process?
REALTORS® are requesting that Congress approve a grace period for the enforcement of a new closing process for residential transactions, which is to take effect Aug. 1, so parties can become accustomed to the changes. That’s a top priority for the 8,000 REALTORS® in Washington, D.C. this week for the 2015 NAR Legislative Meetings & Trade... Read More
You Want to Raise My Rent How Much?
We recently reported that investment purchases in 2014 fell 7.4% for the year, that combined with a diminished supply of distressed inventory allowing for big profits, has real estate investors looking for a new way to make more money in 2015. So if they don’t have new properties to buy… how would they make more money? Easy… they... Read More
Attaining the American Dream: The 5 Financial Reasons to Buy
We have reported many times that the American Dream of homeownership is alive and well. The personal reasons to own differ for each buyer, with many basic similarities. Eric Belsky, the Managing Director of the Joint Center of Housing Studies at Harvard University expanded on the top 5 financial benefits of homeownership in his paper – The Dream Lives On: the Future... Read More
The Deal of the Century??
Recently, Freddie Mac published a blog post titled Mortgage Rates: Still the Deal of the Century. They explained that, if you are planning to purchase a home, now may be the time: “If you are in the market to buy a home, today’s average mortgage rates are something to celebrate compared to almost any year since... Read More
5 Tech Questions that Seniors Should Ask When Interviewing a Real Estate Agent
We are pleased to have Nikki Buckelew back as our guest blogger for today’s post. Nikki has extensive experience working with seniors and is the Founder & CEO of the Senior Real Estate Institute. Enjoy! – The KCM Crew If you have not bought or sold a home in a few years (or maybe... Read More
4 Reasons To Move-Up This Spring
Spring is in full force; the summer months are right around the corner. If you are debating moving up to your dream home, here are four great reasons to consider buying today instead of waiting. 1.) Buyer Demand is High & Inventory Is Low Recent numbers show that buyer demand is at the highest peak... Read More