Sellers

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
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 …

View More
Posted in Market Reports, Sellers
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 …
View More
Posted in Market Reports, Sellers
Jan. 27, 2017

The #1 Reason to Sell Now....Not in the Spring

 

The #1 Reason to Sell Now… Not Next Spring

The #1 Reason to Sell Now… Not Next Spring | MyKCM

The price of any item (including residential real estate) is determined by ‘supply and demand’. If many people are looking to buy an item and the supply of that item is limited, the price of that item increases.

According to …

View More
Posted in Sellers
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 …
View More