Market Updates

Aug. 7, 2018

Demand for Homes to Buy Continues to Climb

Demand for Homes to Buy Continues to Climb | MyKCM

 

Across the United States, there is a severe mismatch between the low number of houses for sale and the high demand for those houses! First-time homebuyers are out in force and are being met with a highly competitive summer real estate market.

According to the National Association of Realtors …

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July 17, 2018

The #1 Reason to List Your House for Sale NOW!

The #1 Reason to List Your House for Sale NOW! | MyKCM

 

If you are debating whether or not to list your house for sale this year, here is the #1 reason not to wait!

Buyer Demand Continues to Outpace the Supply of Homes for Sale

The National Association of Realtors’ (NAR) Chief Economist Lawrence Yun recently commented on the current …

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July 10, 2018

3 Issues Facing Today’s Real Estate Market

3 Issues Facing Today’s Real Estate Market | MyKCM

 

Last week, the National Association of Real Estate Editors (NAREE) held their 52nd Annual Journalism Conference in Las Vegas, NV. Among the many highly anticipated sessions was one called “Top Ten Issues Affecting Real Estate™,” given by Joseph Nahas, Jr., Chair of the Counselors of Real Estate & …

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Posted in Market Updates, News
July 3, 2018

How a Lack of Inventory Impact the Housing Market

How A Lack of Inventory Impacts the Housing Market | MyKCM

The housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up, home sales are up, and distressed sales (foreclosures and short sales) have fallen to their lowest points in years. The market will continue to …

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May 3, 2018

4 Reasons Why Today’s Housing Market is NOT 2006 All Over Again

4 Reasons Why Today’s Housing Market is NOT 2006 All Over Again

4 Reasons Why Today’s Housing Market is NOT 2006 All Over Again | MyKCM

With home prices rising again this year, some are concerned that we may be repeating the 2006 housing bubble that caused families so much pain when it collapsed. Today’s market is quite different than the bubble market of …

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April 26, 2018

Will Home Prices Continue to Increase?

“Short of a war or stock market crash…”

“Short of a war or stock market crash…” | MyKCM

This month, Arch Mortgage Insurance released their spring Housing and Mortgage Market Review. The report explained that an increase in mortgage rates and/or home prices would impact monthly payments this way:

  • A 5% increase in home prices increases payments by roughly …
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April 16, 2018

Buying in a Seller's Market

While doing a little research, I came across a (financial guru) Dave Ramsey blog on buying a home in a seller’s market – which is what we are experiencing here in the Boise area right now.  It reads as though it could have been written for our local buyers, so …

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March 28, 2018

Moving Up is now MORE Affordable Than Almost Any Other Time In 40 Years

Moving up Is MORE Affordable Now Than Almost Any Other Time in 40 Years

Moving up Is MORE Affordable Now Than Almost Any Other Time in 40 Years | MyKCM 

If you are considering selling your current home, to either move up to a larger home or into a home in an area that better suits your current family needs, great news was just revealed. …

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March 7, 2018

Home Values Too Inflated?

Are Home Values Really Overinflated?

Are Home Values Really Overinflated? | MyKCM

Last week, the National Association of Realtors (NAR) released their most recent Existing Home Sales Report. According to the report:

“The median existing-home price for all housing types in January was $240,500, up 5.8 percent from January 2017 ($227,300). January’s price increase marks the …

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March 7, 2018

Is the West the Best When it Comes to Real Estate Appreciation?

Home Prices: The Difference 5 Years Makes

Home Prices: The Difference 5 Years Makes | MyKCM

The economists at CoreLogic recently released a special report entitled, Evaluating the Housing Market Since the Great Recession. The goal of the report was to look at economic recovery since the Great Recession of December 2007 through June 2009.

One of the …

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