Market Updates

April 2, 2019

We Are Not Repeating 2008

Homebuyers Shouldn’t Worry About 2008 All Over Again



Last week, realtor.com released a survey of active home shoppers (those who plan to purchase their next home in 1 year or less). The survey asked their opinion on an impending recession and its possible impact on the housing market ...

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Posted in Market Updates
March 28, 2019

Your Home Is Your Best Investment

Sure, many homeowners were crushed in the mid-2000s during a time we call The Great Recession.  But over time, no investment provides what homeownership provides.  Even if you owned a home during this period, statistically you've made money over time.

How to Put Your Housing Cost to Work for You | MyKCM

There has been a lot written about the benefits ...

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Posted in Market Updates
March 27, 2019

Is April The Best Time To List?

Data Says April is the Best Month to List Your Home for Sale

Data Says April is the Best Month to List Your Home for Sale | MyKCM

The spring housing market is off to the races! The inventory of homes for sale is increasing, buyers are out in force, and interest rates have remained low, peaking the interest of buyers and sellers previously on ...

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Posted in Market Updates
March 1, 2019

12 Month Low On Interest Rates

Just a couple of months ago we said rates aren't going down.  Yet, here we are.

Interest Rates Hit New 12 Month Low! | MyKCM

According to Freddie Mac’s Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at their lowest for 2019. Rates like these haven’t been seen since February 2018 ...

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Posted in Market Updates
Feb. 23, 2019

Home Equity As A Retirement Plan

The Importance of Home Equity in Retirement Planning

The Importance of Home Equity in Retirement Planning | MyKCM

We often discuss the difference in family wealth between homeowner households and renter households. Much of that difference is the result of the equity buildup that homeowners experience over the time that they own their home. In a report recently released by ...

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Posted in Market Updates
Feb. 21, 2019

A Normal Market Is Great

Why A Normal Market is Just What We Need

Why A Normal Market is Just What We Need | MyKCM

The housing market has been hot for a while now. Homes have been flying off the shelves as fast as they have been listed. Buyers have been competing in bidding wars just to find a home to buy, let alone find ...

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Posted in Market Updates
Feb. 16, 2019

Buy Young and Build Wealth

Buying a Home Young is the Key to Building Wealth

Buying a Home Young is the Key to Building Wealth | MyKCM

Homeowners who purchase their homes before the age of 35 are better prepared for retirement at age 60, according to a new Urban Institute study. The organization surveyed adults who turned 60 or 61 between 2003 and 2015 for their ...

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Posted in Market Updates
Feb. 1, 2019

Refinance? When It Makes Sense

Refinancing your mortgage is something most homeowners consider at least once throughout the lifespan of their home loan. It allows you to pay off your previous loan by applying for a new one that has better financial advantages. While there are many good reasons to refinance, here are five common ...

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Posted in Market Updates
Dec. 26, 2018

2019 Market Predictions

Is The Market Collapsing?

NO! We all have a vivant memory of 2006-2008 and the market collapse;  arguably, the 2nd worst recession since the Great Depression.  It's reasonable to have a little fear after what we witnessed.  Most importantly, during that time, housing values plummeted.  Some people just recovered ...

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Posted in Market Updates
Nov. 13, 2018

The Nasty Truth About Zillow

Zillow is by far the #1 website and app for all real estate matters.  And that is no mistake.  When the company started, it desired to be the WebMD of real estate.  There continues to be a ton of real estate related content posted on the site, besides just houses ...

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Posted in Market Updates