Market Trends

Feb. 24, 2020

Interest Rates Over Time [INFOGRAPHIC]

Interest Rates Over Time [INFOGRAPHIC] | MyKCM

Some Highlights:

  • With interest rates hovering at near historic lows, now is a great time to look back at where they’ve been, and how much they’ve changed over time.
  • According to Freddie Mac, mortgage interest rates are currently hovering near a five-decade low.
  • The impact your interest rate has on ...
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Posted in Market Trends
Jan. 27, 2020

First-Time Buyers Are Searching for Existing Homes This Year

First-Time Buyers Are Searching for Existing Homes This Year | MyKCM

In the latest Housing Trends Report, the National Association of Home Builders (NAHB) measured the share of adults planning to buy a home over the next 12 months. The report indicates the percentage of all buyers that will be first-time buyers looking to purchase a home grew from 58 ...

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Posted in Market Trends
Jan. 21, 2020

The 2 Surprising Things Homebuyers Really Want

The 2 Surprising Things Homebuyers Really Want | MyKCM

In a market where current inventory is low, it’s normal to think buyers might be willing to give up a few desirable features in their home search in order to make finding a house a little easier. Don’t be fooled, though – there’s still an interest in the market for ...

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Posted in Market Trends
Jan. 14, 2020

2020 Luxury Market Forecast

2020 Luxury Market Forecast | MyKCM

By the end of last year, many homeowners found themselves with more equity than they realized, and at the same time their wages were increasing. When those two factors unite, it can spark homeowners to think about making a move to a larger or more expensive home in the luxury ...

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Posted in Market Trends
Aug. 19, 2019

NAR: Cheap mortgage rates are improving home affordability

Low Rates - Affordable Homes

BY: Katheleen Howley

The cheapest financing in almost three years is making it easier for Americans to buy homes.

The Housing Affordability Index from the National Association of Realtors increased to 151.9 in June from 137.7 a year earlier in June. That’s a jump of 10 percent. A ...

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Posted in Market Trends
March 26, 2019

Is now a good time to purchase a home?

Quick Fast Approvals

BY: ALCYNNA LLOYD

It’s almost spring homebuying season, and new data from the National Association of Realtors indicates Americans are ready to purchase homes.

According to the group's Q1 HOME survey, 37% of Americans strongly believe now is a good time to buy a home.

Although this percentage ...

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Posted in Market Trends
Feb. 21, 2019

Freddie’s Kiefer: There’s No Housing Bubble

Housing Bubble

Realtors, homeowners and others who ask, “Are we in another house price bubble?” The answer is “No,” said Len Kiefer, deputy chief economist for Freddie Mac, who was speaking at the 2019 Florida Real Estate Trends summit during the Florida Realtors Mid-Winter Business Meetings.

“Home prices are up ...

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Posted in Market Trends
Nov. 20, 2017

Study: Real Estate Cheapest in Fall, Winter

Time To Buy

 VIA REALTOR.ORG BY REALTORMAG

Your home buyers likely won’t want to shy away from the fall or winter months. They may score the best deals.

Home sales prices in the nation’s largest metros typically peak during the summer but drop in the fall and are lowest in the winter ...

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Posted in Market Trends
April 18, 2017

What Really Makes a Property Appreciate

Success

VIA RealtorMag/Realtor.org

A home’s value generally appreciates 3 percent to 4 percent every year, which is attributed mostly to population growth and inflation. However in 2016, homeowners saw appreciation jump to an average of 6.3 percent.

Realtor.com®’s research team sought to find out what would boost ...

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Posted in Market Trends
April 6, 2017

Why Sellers Are So Stressed in a Seller’s Market

VIA REALTORMAG 

Home sellers say the greatest challenge for them this year is the lack of homes to choose from when it’s time for them to move, according to a new survey of more than 800 real estate professionals from Redfin.

“It’s a seller’s market, but the catch is, most ...

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Posted in Market Trends