Market Reports

Jan. 29, 2017

A Lack of Listings Remains Huge Challenge in the Market

A Lack of Listings Remains 'Huge' Challenge in the Market

A Lack of Listings Remains ‘Huge’ Challenge in the Market | MyKCM

The housing crisis is finally in the rearview mirror as the real estate market moves down the road to a complete recovery. Home values are up, home sales are up, and distressed sales (foreclosures & short sales) are at …

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Posted in Market Reports, Sellers
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Jan. 28, 2017

Prices Rose 10% Year over Year in our Market

 

Prices Rose 7.1% Year-Over-Year [INFOGRAPHIC]

Prices Rose 7.1% Year-Over-Year [INFOGRAPHIC] | MyKCM

Some Highlights:

  • CoreLogic’s latest Home Price Index shows that prices rose by 7.1% across the United States year-over-year.
  • With mortgage interest rates rising in the short term, CoreLogic believes price appreciation will slow to 4.7% by this time next year.
  • 49 …
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Posted in Market Reports, Sellers
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Jan. 27, 2017

Sales at Highest Pace in 10 Years

 

Sales at Highest Pace in 10 Years! [INFOGRAPHIC]

Sales at Highest Pace in 10 Years! [INFOGRAPHIC] | MyKCM

Highlights:

  • 45 million existing homes were sold in 2016! This is the highest mark set since 2006.
  • Inventory of existing homes for sale dropped to a 3.6-month supply, the lowest level since NAR began tracking in 1999.
  • The median price …
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Posted in Home Buyers, Market Reports, Sellers
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Jan. 25, 2017

Where will Home Prices be in 5 Years?

 

Home Prices: Where Will They Be in 5 Years?

Home Prices: Where Will They Be in 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 …

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Posted in Home Buyers, Market Reports
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