Market Insight

Nov. 26, 2019

7 Reasons to List Your House This Holiday Season

 

7 Reasons to List Your House This Holiday Season | MyKCM

Around this time each year, many homeowners decide to wait until after the holidays to list their houses. Similarly, others who already have their homes on the market remove their listings until the spring. Let’s unpack the top reasons why listing your house now or keeping it on the ...

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Oct. 21, 2019

3 Reasons This is NOT the 2008 Real Estate Market

3 Reasons This is NOT the 2008 Real Estate Market

3 Reasons This is NOT the 2008 Real Estate Market | MyKCM

No one knows for sure when the next recession will occur. What is known, however, is that the upcoming economic slowdown will not be caused by a housing market crash, as was the case in 2008. There are those who ...

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Oct. 15, 2019

You Need More Than a Guide. You Need a Sherpa.

You Need More Than a Guide. You Need a Sherpa.

You Need More Than a Guide. You Need a Sherpa. | MyKCM

In a normal housing market, whether you’re buying or selling a home, you need an experienced guide to help you navigate the process. You need someone you can turn to who will tell you how to price your home correctly ...

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Aug. 4, 2019

Market Summary for the Beginning of August 2019

The market is hot and becoming very unbalanced in favor of sellers. Demand recovered suddenly during the second quarter and has stabilized at a level significantly above normal. The last 2 months have seen supply drop sharply from its already low level, so we now have a wholly inadequate number ...

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Aug. 4, 2019

How to Judge the Impact of the Next Economic Slowdown on Housing

How to Judge the Impact of the Next Economic Slowdown on Housing | MyKCM

We’ve experienced economic growth for almost a decade, which is the longest recovery in the nation’s history. Experts know a recession can’t be too far off, but when will this economic slowdown actually occur?

Pulsenomics just released a special report revealing that nearly 6 out of 10 of the 90 ...

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April 11, 2019

Market Insight April 2019

Mortgage Payments Drop $50 per Month on a Median Priced Home Listings Under Contract Up 19% in 5 Weeks!

For Buyers:

Buyers got a break last month as 30-year mortgage rates dropped significantly from an average of 4.41% to 4.08%, which is the lowest they have been since ...

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March 29, 2019

Market Insight - March 2019

Price Reductions up 71% on Listings $200K-$250K

Sellers: Get Competitive, It’s “Buyer Season”

For Buyers:

Good news for buyers over the past few weeks, interest rates came down a few notches. That combined with the increased loan limit for conventional financing gave buyers a little boost. The new loan ...

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Posted in Market Insight
Feb. 10, 2019

Market Insight - February 2019

List Price Reductions up 24% in Greater Phoenix, Up 42% in Some Areas Sellers: Stop Trying to Time the Market

For Buyers:

A weak 4th quarter for sales in 2018 has resulted in 11,874 price reductions in the first 5 weeks of 2019. That’s 24% higher than this same ...

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Feb. 5, 2019

January 2019 Market Analysis

Greater Phoenix Buyer Contracts Down 15%

It’s Still a Good Time to Sell… For Now

For Buyers:

The monthly average interest rate rose to 4.64% in December 2018, up 0.69% from the previous December’s 3.95%. For buyers who will purchase at the current median sales price of ...

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Posted in Market Insight
Feb. 5, 2019

Is Student Loan Debt A Threat to Homeownership? No!

 

Is Student Loan Debt A Threat to Homeownership? No! | MyKCM

Over the course of the last thirty years, a shift has happened. An entire generation has been raised to believe that a college education is their key to unlocking opportunities that were not available to their parent’s or grandparent’s generations.

Due to this, student loan debt has soared to ...

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