May 27, 2017

Buying a Home? Do You Know the Lingo?

Buying a Home? Do You Know the Lingo? | Simplifying The Market

Buying a home can be intimidating if you are not familiar with the terms used during the process. To start you on your path with confidence, we have compiled a list of some of the most common terms used when buying a home.

Freddie Mac has compiled a more exhaustive glossary of terms in their “My Home” section of their website.

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Posted in Buying A Home
May 26, 2017

Home Inventory Challenges Continue!

Inventory Challenges Continue! [INFOGRAPHIC] | Simplifying The Market

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May 25, 2017

How's the Prosper Real Estate Market for Q1 2017?

How's the Real Estate Market? Find Out What the Experts Are Saying | MyKCM

National Market Update For Q1 2017

As we head into summer, it is a great time to review how the 2017 real estate market is doing so far. Here is what the experts are saying:

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May 25, 2017

More Americans Chose to Own a Home Than Rent in Q1

More Americans Chose to Own a Home Than Rent in Q1 | MyKCM

According to the latest report from the US Census Bureau, more Americans chose purchasing a home over signing a lease to rent in the first quarter of 2017. This marks the first time since 2006 that the number of new homeowner households outpaced the number of new renter households.

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Posted in Buying A Home
May 25, 2017

Is Now a Good Time to Rent?

Is Now a Good Time to Rent? | MyKCM

People often ask if now is a good time to buy a home, but nobody ever asks when a good time to rent is. Regardless, we want to make certain that everyone understands that today is NOT a good time to rent.

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Posted in Renting A Home
May 22, 2017

The Housing Shortage Answer: New Construction

The biggest challenge to today’s housing market is the shortage of housing inventory for sale. A normal market would see a six-month supply of homes for sale. Currently, that number is below four months. This is the major reason home prices have continued to appreciate at higher levels than historic averages.

The good news is that builders are now starting to build more homes in lower price ranges.

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May 16, 2017

3 Reasons the Housing Market is NOT in a Bubble

3 Reasons the Housing Market is NOT in a Bubble | MyKCM

With housing prices appreciating at levels that far exceed historical norms, some are fearful that the market is heading for another bubble. To alleviate that fear, we just need to look back at the reasons that caused the bubble ten years ago.

Last decade, demand for housing was artificially propped up because mortgage lending standards were way too lenient. People that were not qualified to purchase were able to attain a mortgage anyway. Prices began to skyrocket. This increase in demand caused homebuilders in many markets to overbuild.

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May 16, 2017

What You Need to Know About Qualifying for a Mortgage

What You Need to Know About Qualifying for a Mortgage [INFOGRAPHIC] | MyKCM

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Posted in Buying A Home, Mortgage
May 16, 2017

Do You Know the Cost of NOT Owning Your Home?

Do You Know the Cost of NOT Owning Your Home? | MyKCM

Owning a home has great financial benefits, yet many continue renting! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed.

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Posted in Buying A Home
May 16, 2017

4 Tips for Effectively Making an Offer

4 Tips for Effectively Making an Offer | MyKCM

So, you’ve been searching for that perfect house to call a ‘home,’ and you finally found one! The price is right, and in such a competitive market, you want to make sure that you make a good offer so that you can guarantee that your dream of making this house yours comes true!

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Posted in Buying A Home