Real Estate News

March 19, 2020

Are We About to See a New Wave of Foreclosures?

Are We About to See a New Wave of Foreclosures? | MyKCM

With all of the havoc being caused by COVID-19, many are concerned we may see a new wave of foreclosures. Restaurants, airlines, hotels, and many other industries are furloughing workers or dramatically cutting their hours. Without a job, many homeowners are wondering how they’ll be able to afford their mortgage ...

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Posted in Real Estate News
Feb. 26, 2020

Entry-Level Homeowners Are in the Driver’s Seat

Entry-Level Homeowners Are in the Driver’s Seat | MyKCM

One thing helping homeowners right now is price appreciation, especially in the entry-level market. In the latest Home Price Insights report, CoreLogic reveals how home prices increased by 4% year-over-year and projects prices will rise 5.2% by December 2020.

Why is this good news for the homeowners?

When ...

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Posted in Real Estate News
Feb. 18, 2020

How Trusted Professionals Make Homebuying Easier to Understand

How Trusted Professionals Make Homebuying Easier to Understand | MyKCM

In the spring, many excited buyers get ready to enter the housing market. Others continue dreaming about the homes they’d like to buy. The truth is, many potential buyers continue to dream longer than they need to, simply because they’re confused about the homebuying process. Thankfully, working with a trusted ...

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Posted in Real Estate News
Dec. 20, 2018

Mortgage rates plunge to their lowest level in three months

Hands Heart

BY: Kathy Horton via Washington Post

Your 401(k) might not be doing so great these days, but for those looking to buy or refinance a home, the stock market's fluctuations have been a holiday gift. Investors' anxiety is pushing mortgage rates lower.

According to the latest data released ...

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Posted in Real Estate News
Oct. 12, 2016

9 Home-Buying Myths You Need to Stop Believing Immediately

 

by: Dori Zinn via Realtor.com

So you think you’re finally ready to make the jump from renter to homeowner? Awesome! In this exciting but admittedly scary time, you might be inclined to turn to friends and family for advice—especially if they own homes.

But beware, dear home ...

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Posted in Real Estate News
Aug. 31, 2016

Sales Contracts Surge to Highest Rate in 10 Years

BY: DAILY REAL ESTATE NEWS via Realtor.org

Pending home sales were up in most areas of the country in July, reaching the second highest reading in more than a decade, according to the National Association of REALTORS®’ Pending Home Sales Index. Last month the Midwest was the only region ...

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Posted in Real Estate News
July 27, 2016

Buying home? Sorry, sellers are in charge

by: By Holden Lewis via Bankrate.com

It's still a seller's market out there in most places. So rejoice if you're selling a house, and feel a bit apprehensive if you're trying to find a house to buy.

And if, like my boss, you have ...

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Posted in Real Estate News
July 21, 2016

Existing home sales hit 9-year high in June

by: Athena Cao via MSN.com

Bolstered by first-time home buyers, existing-home sales rose for the fourth straight month in June, reaching a nine-year high,

Sales of existing single-family homes, townhomes, condominiums and co-ops increased 1.1% to a seasonally adjusted annual rate of 5.57 million, up from ...

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Posted in Real Estate News
April 26, 2016

Buyers Go to Extremes to Get a Home

by: DAILY REAL ESTATE NEWS via Realtor.com

Some home buyers will go to great lengths to land their dream home, particularly in locales where inventories of homes remain so tight. In a new feature at realtor.com®, real estate professionals reveal some of the extreme tactics buyers have ...

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Posted in Real Estate News
April 4, 2016

Why Your Mortgage Lender Needs All That Paperwork

by: Mark Greene via Forbes.com

(3 minute read)

QM that’s why. The Qualified Mortgage became a thing in January, 2014. Proposed, promulgated and made law of the land by the CFPB (Consumer Financial Protection Bureau) as a safe haven for lenders that played by the rules. Unveiled and ...

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Posted in Real Estate News