Market Reports

Feb. 27, 2017

Where Are the Home Prices Heading in the Next 5 Years?

 

Where Are the Home Prices Heading in the Next 5 Years? | MyKCM

Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey.

Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe …

View More
Posted in Market Reports
Feb. 24, 2017

Existing Home Sales Reach Highest Mark Since 2007

 

Existing Home Sales Reach Highest Mark Since 2007 [INFOGRAPHIC] | MyKCM

Highlights:

  • Sales of existing homes reached the highest pace in a decade at a seasonally adjusted annual rate of 5.69 million.
  • January marked the 59th consecutive month of year-over-year price gains as the median home price rose 7.1% to $228,900.
  • NAR’s Chief Economist, Lawrence Yun …
View More
Posted in Market Reports
Feb. 8, 2017

Buyers Are Searching For Your House

 

Buyers Are Searching For Your House

Buyers Are Searching For Your House | MyKCM

The most recent Pending Homes Sales Index from the National Association of Realtors revealed a slight bump in contracts with an increase of 1.6% in December. This news comes as existing home sales are also forecasted to be on pace for 5 …

View More
Posted in Market Reports, Sellers
Feb. 6, 2017

Lack of Homes for Sale Slowing Down the Housing Market

 

Lack of Homes for Sale Slowing Down the Housing Market

Lack of Homes for Sale Slowing Down the Housing Market | MyKCM

The housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up. Home sales are up. Distressed sales (foreclosures and short sales) have fallen dramatically …

View More
Feb. 4, 2017

Home Values: DEFINITELY NOT in Bubble Range!!

 

Home Values: DEFINITELY NOT in Bubble Range!!

There are some industry pundits claiming that residential home values have risen too quickly and that current levels are on the verge of another housing bubble. It is easy to see how this thinking has taken form if we look at a …

View More
Feb. 3, 2017

76% of US Homeowners Now Have at Least 20% Equity in Their Homes!

76% Of US Homeowners Now Have at Least 20% Equity in Their Homes!

76% Of US Homeowners Now Have at Least 20% Equity in Their Homes! | MyKCM

CoreLogic’s latest Equity Report revealed that 91.1% of all mortgaged properties are now in a positive equity situation, while 75.9% now have significant equity (defined as more than 20%)! The report also revealed …

View More
Feb. 2, 2017

No Matter What the Groundhog Says, Here are 5 Reasons to Sell Before Spring!

 

No Matter What the Groundhog Says, Here are 5 Reasons to Sell Before Spring!

No Matter What the Groundhog Says, Here are 5 Reasons to Sell Before Spring! | MyKCM

Is spring closer than we think? Depending on which groundhog you listen to today, you may have less time than you think to get your home on the market before the busy spring season.

Many …

View More
Posted in Market Reports, Sellers
Feb. 1, 2017

Buyer Demand is Outpacing the Supply of Homes for Sale

 

Buyer Demand Is Outpacing the Supply of Homes for Sale

The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices …

View More
Jan. 31, 2017

The Great News About Rising Prices

 

The ‘Great News’ About Rising Prices

The ‘Great News’ About Rising Prices | MyKCM

Recently there has been a lot of talk about home prices and if they are accelerating too quickly. In some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers out looking for a home, which …

View More
Jan. 30, 2017

NAR Reports Show Now May Be the Best Time to Sell

 

NAR Reports Show Now Is a Great Time to Sell!

NAR Reports Show Now Is a Great Time to Sell! | MyKCM

We all realize that the best time to sell anything is when demand is high and the supply of that item is limited. The last two major reports issued by the National Association of Realtors (NAR) revealed information that …

View More
Posted in Market Reports, Sellers