Market Updates

Aug. 31, 2020

Three Ways to Win in a Bidding War

Three Ways to Win in a Bidding War

Three Ways to Win in a
Bidding War | MyKCM

With so few houses for sale today and low mortgage rates driving buyer activity, bidding wars are becoming more common. Multiple-offer scenarios are heating up, so it's important to get pre-approved before you start your …

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Posted in Market Updates
Aug. 28, 2020

The Cost of Renting Vs. Buying a Home

The Cost of Renting Vs. Buying a Home [INFOGRAPHIC]

The Cost of Renting Vs. Buying a Home [INFOGRAPHIC] | MyKCM

Some Highlights

  • The percentage of income needed to afford a median-priced home today is declining, while that for renting is on the rise.
  • This is making buying a home an increasingly attractive option for many …
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Posted in Market Updates
Aug. 25, 2020

Builders & Realtors Agree: Real Estate Is Back

Builders & Realtors Agree: Real Estate Is Back

Builders & Realtors
Agree: Real Estate Is Back | MyKCM

When shelter-in-place orders brought the economy to a screeching halt earlier this year, many believed the residential housing market would follow suit. Countless analysts predicted buyer demand would disappear and home values would depreciate for …

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Posted in Market Updates
Aug. 24, 2020

The Top Reasons People Are Moving This Year

The Top Reasons People Are Moving This Year

The Top Reasons People Are
Moving This Year | MyKCM

Today, Americans are moving for a variety of different reasons. The current health crisis has truly re-shaped our lifestyles and our needs. Spending extra time where we currently live is enabling many families to re-evaluate …

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Posted in Market Updates
Aug. 21, 2020

Ask a Pro About Buying a Home [INFOGRAPHIC]

Ask a Pro About Buying a Home [INFOGRAPHIC]

Ask a Pro About Buying a Home
[INFOGRAPHIC] | MykCM

Some Highlights

  • According to trending data, searches for key real estate topics are skyrocketing online.
  • Clearly, lots of people have questions about buying a home, and other topics related to the process.
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Posted in Market Updates
Aug. 20, 2020

Forbearance Numbers Are Lower than Expected

Forbearance Numbers Are Lower than Expected

Forbearance Numbers Are Lower
than Expected | MyKCM

Originally, some housing industry analysts were concerned that the mortgage forbearance program (which allows families to delay payments to a later date) could lead to an increase in foreclosures when forbearances end. Some even worried that we …

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Posted in Market Updates
Aug. 19, 2020

Just How Strong Is the Housing Recovery?

Just How Strong Is the Housing Recovery?

Just How Strong Is the
Housing Recovery? | MyKCM

The residential real estate market has definitely been the shining light in this country's current economic situation. All-time low mortgage rates coupled with a new appreciation of what a home truly means has caused the housing market …

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Posted in Market Updates
Aug. 18, 2020

Sellers Are Returning to the Housing Market

Sellers Are Returning to the Housing Market

Sellers Are Returning to the
Housing Market | MyKCM

In today's housing market, it can be a big challenge for buyers to find homes to purchase, as the number of houses for sale is far below the current demand. Now, however, we're seeing sellers slowly starting …

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Posted in Market Updates
Aug. 17, 2020

The Beginning of an Economic Recovery

The Beginning of an Economic Recovery

The Beginning of an Economic
Recovery | MyKCM

The news these days seems to have a mix of highs and lows. We may hear that an economic recovery is starting, but we've also seen some of the worst economic data in the history of our …

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Posted in Market Updates
Aug. 14, 2020

Mortgage Rates & Payments by Decade [INFOGRAPHIC]

Mortgage Rates & Payments by Decade [INFOGRAPHIC]

Mortgage Rates & Payments
by Decade [INFOGRAPHIC] | MyKCM

Some Highlights

  • Sometimes it helps to see the dollars and cents you'll save when you purchase a home while mortgage rates are low.
  • Today's low rates mean it's less expensive to borrow money, so …
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Posted in Market Updates