Market Updates

Oct. 18, 2019

Should I sell my house in the fall?

 

  • Buyers are active in the market and often competing with one another for available listings.
  • Housing inventory is still under the 6-month supply found in a normal housing market.
  • Homes are still selling relatively quickly, averaging 31 days on the market.
View More
Posted in Market Updates
Oct. 4, 2019

5 Homebuying Acronyms You Need to Know [INFOGRAPHIC]

Some Highlights:

  • Learning the lingo of homebuying is an important part of feeling successful when buying a home.
  • From APR to P&I, you need to know the acronyms that will come up along the way, and what they mean when you hear them.
  • Your local professionals are here to help ...
View More
Posted in Market Updates
Sept. 27, 2019

Recession In The Housing Market 2019-2020


So there's been a lot of talk lately in the media about a recession. What exactly is a recession? A recession is defined as two consecutive quarters of decline in the gross domestic product or the GDP. Let's take a look at how recession has affected home prices ...

View More
Posted in Market Updates
Sept. 17, 2019

Home Prices Increase in Every Price Range

CoreLogic’s Home Price Index (HPI) Report revealed,

National home prices increased 3.6% year over year in July 2019 and are forecast to increase 5.4% from July 2019 to July 2020.

They also analyzed four individual home-price tiers, showing the increase in each.

Here’s the breakdown:

Home Prices Increase in Every Price Range | MyKCM To ...

View More
Posted in Market Updates
Sept. 5, 2019

Everybody Calm Down! This Is NOT 2008

Last week realtor.com released the results of a survey that produced three major revelations:

  1. 53% of home purchasers (first-time and repeat buyers) currently in the market believe a recession will occur this year or next.
  2. 57% believe the next recession will be as bad or worse than 2008.
  3. 55 ...
View More
Posted in Market Updates
July 30, 2019

How to Increase Your Equity Over the Next 5 Years

Many of the questions currently surrounding the real estate industry focus on home prices and where they are heading. The most recent Home Price Expectation Survey (HPES) helps target these projected answers.

Here are the results from the Q2 2019 Survey:

  • Home values will appreciate by 4.1% in ...
View More
Posted in Market Updates
Jan. 9, 2019

Is the Recent Dip in Interest Rates Here to Stay?

Interest rates for a 30-year fixed rate mortgage climbed consistently throughout 2018 until the middle of November. After that point, rates returned to levels that we saw in August to close out the year at 4.55%, according to Freddie Mac’s Primary Mortgage Market Survey.

After the first week of ...

View More
Posted in Market Updates
Jan. 2, 2019

Excited About Buying A Home This Year? Here’s What to Watch

 

As we kick off the new year, many families have made resolutions to enter the housing market in 2019. Whether you are thinking of finally ditching your landlord and buying your first home or selling your starter house to move into your forever home, there are two pieces of ...

View More
Posted in Market Updates
Dec. 27, 2018

24 Hours that Suddenly Improved the Market

This year started strong for real estate, but then the market began to soften. Home inventory in the starter and move-up categories dwindled to almost nothing, mortgage rates were projected to rise, and home sales had decreased for several months in a row.

To many, the outlook heading into 2019 ...

View More
Posted in Market Updates
Dec. 21, 2018

Buyers Are Looking for Your Home, Now [INFOGRAPHIC]

 

Some Highlights:

  • Existing home sales are currently at an annual pace of 5.32 million and have increased on a monthly basis for the last two months.
  • The inventory of existing homes for sale remains below the 6-months needed for a normal market and is now at a 3 ...
View More
Posted in Market Updates