Market Conditions

June 18, 2021

Don’t Wait To Sell Your House

Don’t Wait To Sell Your House | MyKCM

We’re in the ultimate sellers’ market right now. If you’re a homeowner thinking about selling, you have a huge advantage in today’s housing market. High buyer demand paired with very few houses for sale makes this the optimal time to sell for those who are ready to do so. Whatever ...

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June 8, 2021

May Real Estate Highlights!

April 6, 2021

March Real Estate Highlights!

Insights!

Unemployment dropped to 6% in March. A big win for the economy and housing!

Average weekly wages increased 4.2% year-over-year.

Many investors have bought properties with thin margins in hopes that the market would go up and it's been working well.

According to a study, the 2 Colorado ...

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March 24, 2021

Should We Fear the Surge in Cash-Out Refinances?

Should We Fear the Surge in Cash-Out Refinances? | MyKCM

Freddie Mac recently released their Quarterly Refinance Statistics report which covers refinances through 2020. The report explains that the dollar amount of cash-out refinances was greater in 2020 than in recent years. A cash-out refinance, as defined by Investopia, is:

“a mortgage refinancing option in which an old mortgage is ...

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March 19, 2021

To Renovate or Not To Renovate Before You Sell

To Renovate or Not To Renovate Before You Sell | MyKCM

When thinking about selling, homeowners often feel they need to get their house ready with some remodeling to make it more appealing to buyers. However, with so many buyers competing for available homes right now, renovations may not be as vital as they would be in a more normal market ...

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March 12, 2021

6 Simple Graphs Proving This Is Nothing Like Last Time

6 Simple Graphs Proving This Is Nothing Like Last Time | MyKCM

Last March, many involved in the residential housing industry feared the market would be crushed under the pressure of a once-in-a-lifetime pandemic. Instead, real estate had one of its best years ever. Home sales and prices were both up substantially over the year before. 2020 was so strong that ...

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March 5, 2021

February Real Estate Highlights!

Posted in Market Conditions
Feb. 26, 2021

Are There Going to Be More Homes to Buy This Year?

Are There Going to Be More Homes to Buy This Year? | MyKCM

If you’re looking for a home to purchase right now and having trouble finding one, you’re not alone. At a time like this when there are so few houses for sale, it’s normal to wonder if you’ll actually find one to buy. According to the National Association of Realtors  ...

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Feb. 19, 2021

Will Low Mortgage Rates Continue through 2021?

Will Low Mortgage Rates Continue through 2021? | MyKCMWith mortgage interest rates hitting record lows so many times recently, some are wondering if we’ll see low rates continue throughout 2021, or if they’ll start to rise. Recently, Freddie Mac released their quarterly forecast, noting:

“The average 30-year fixed-rate mortgage hit a record low ...

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Feb. 5, 2021

January Real Estate Highlights!

Insights!

There’s was a 5.4% increase in building materials in 2020 for new construction thus pushing prices up. Some builders are increasing their prices monthly. A buyer that gets under contract now may see their equity before they even move in.

DACA returns to HUD and now an FHA ...
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