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712,000 Homes in the US Regained Equity in the Past 12 Months!

 

 

712,000 Homes in the US Regained Equity in the Past 12 Months! | MyKCM

CoreLogic’s latest Equity Report revealed that “over the past 12 months, 712,000 borrowers moved into positive equity.” This is great news, as the share of homeowners with negative equity (those who owe more than their home is worth), has dropped more than 20% since the peak in Q4 of 2009 (26%) to 4.9% today. Continue reading…

Posted in: For Buyers, For Sellers, Housing Market Updates

The Benefits of Homeownership Go Beyond the Financial

The Benefits of Homeownership Go Beyond the Financial | MyKCM

 

Homeownership is a major part of the American Dream. As evidence of that, 91% of Americans believe that owning a home is either essential (43%) or important (48%) to achieving that “dream.” In a market where some people may be unsure about the benefits and possibilities of buying a home, it is important that we remember this. Continue reading…

Posted in: Buying Home, First Time Home Buyers, For Buyers, Real Estate

Housing Prices are NOT Heading for Another Crash

As home values continue to increase at levels greater than historic norms, some are concerned that we are heading for another crash like the one we experienced ten years ago. We recently explained that the lenient lending standards of the previous decade (which created false demand) no longer exist. But what about prices?

Continue reading…

Posted in: Buying Home, First Home Buyers, For Buyers, For Sellers, Housing Market Updates, Real Estate

4 Reasons to Buy a Home This Winter!

4 Reasons to Buy a Home This Winter! | MyKCM

Here are four great reasons to consider buying a home today instead of waiting.

Continue reading…

Posted in: Buying Home, First Time Home Buyers, For Buyers, Move-Up Buyers

Before You Make an Offer, Here Are 4 Tips for Success!

 

Before You Make an Offer, Here Are 4 Tips for Success! | MyKCM

So, you’ve been searching for that perfect house to call a ‘home,’ and you finally found it! The price is right, and in such a competitive market, you want to make sure that you make a good offer so that you can guarantee that your dream of making this house yours comes true!

Continue reading…

Posted in: Buying Home, For Buyers, Real Estate

The Real Reason Home Prices are Increasing

The Real Reason Home Prices are Increasing | MyKCM

There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are not at peak levels when they are adjusted for inflation), there seems to be no shortage of opinion.

Continue reading…

Posted in: Blog, Buying Home, First Time Home Buyers, For Buyers, For Sellers

2 Charts That Show the Truth about Home Affordability

 2 Charts That Show the Truth about Home Affordability | MyKCM
 
 

There is a lot of discussion about the current state of housing affordability for both first-time and move-up buyers, and much of the narrative is tarnished with a negative slant. However, the truth is that housing affordability is better todaythan at almost any time in our history.

Continue reading…

Posted in: Blog, Buying Home, Financing, First Time Home Buyers, For Buyers, Real Estate

The Cost of NOT Owning Your Home

The Cost of NOT Owning Your Home | MyKCM

Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed.

Continue reading…

Posted in: Blog, Buying Home, For Buyers, Millennials

Renting or Buying…Either Way, You’re Paying Someone’s Mortgage

Renting or Buying…Either Way, You're Paying Someone's Mortgage | MyKCM

There are some people who have not purchased homes yet because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.

Continue reading…

Posted in: Blog, First Time Home Buyers, For Buyers, Real Estate

5 Reasons to Hire a Real Estate Professional When Buying or Selling!

5 Reasons to Hire a Real Estate Professional When Buying or Selling! | MyKCM

Whether you are buying or selling a home, it can be quite an adventurous journey. This is why you need an experienced real estate professional to guide you on the path to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO.

Continue reading…

Posted in: Blog, Buying Home, For Buyers, For Sellers, Selling Home

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