Economics

April 7, 2021

There’s No Reason To Panic Over Today’s Lending Standards

 

There’s No Reason To Panic Over Today's Lending Standards | MyKCM

Today, some are afraid the real estate market is starting to look a lot like it did in 2006, just prior to the housing crash. One of the factors they’re pointing to is the availability of mortgage money. Recent articles about the availability of low down payment loans and …

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March 31, 2021

Your Tax Refund and Stimulus Savings May Help You Achieve Homeownership This Year

 

Your Tax Refund and Stimulus Savings May Help You Achieve Homeownership This Year | MyKCM

If you’re planning to buy a home this year, saving for a down payment is one of the most important steps in the process. One of the best ways to jumpstart your savings is by starting with the help of your tax refund.

Using data from the Internal Revenue …

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March 24, 2021

What Is the Strongest Tailwind to Today’s Recovering Economy?

 

What Is the Strongest Tailwind to Today’s Recovering Economy? | MyKCM

Last year started off with a bang. Unemployment was under 4%, forecasters were giddy with their projections for the economy, and the residential housing market had the strongest January and February activity in over a decade.

Then came the announcement on March 11, 2020, from the World Health Organization …

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March 10, 2021

How to Make a Winning Offer on a Home

 

How to Make a Winning Offer on a Home | MyKCM

Today’s homebuyers are faced with a strong sellers’ market, which means there are a lot of active buyers competing for a relatively low number of available homes. As a result, it’s essential to understand how to make a confident and competitive offer on your dream home. Here are five …

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March 3, 2021

How Much Leverage Do Today’s House Sellers Have?

 

How Much Leverage Do Today's House Sellers Have? | MyKCM

The housing market has been scorching hot over the last twelve months. Buyers and their high demand have far outnumbered sellers and a short supply of houses. According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), sales are up 23.7% from …

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Feb. 24, 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. 17, 2021

Will Low Mortgage Rates Continue through 2021?

 

Will Low Mortgage Rates Continue through 2021? | MyKCM

With 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 over a dozen …

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Feb. 10, 2021

The Luxury Market Is Attracting Buyers in 2021

 

The Luxury Market Is Attracting Buyers in 2021 | MyKCM

As more people continue to identify their changing needs this year, some are turning to the upscale housing sector for more space or finer features. In their most recent Luxury Market Report, the Institute for Luxury Home Marketing (ILHM) shares:

“In a snapshot of 2020, despite the …

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Feb. 2, 2021

What Record-Low Housing Inventory Means for You

 

What Record-Low Housing Inventory Means for You | MyKCM

The real estate market is expected to do very well in 2021, with mortgage rates that are hovering at historic lows and forecasted by experts to remain favorable throughout the year. One challenge to the housing industry, however, is the lack of homes available for sale today. Last week …

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Jan. 27, 2021

Things to Avoid after Applying for a Mortgage

 

Things to Avoid after Applying for a Mortgage [INFOGRAPHIC]

Some Highlights

  • There are a few key things to make sure you avoid after applying for a mortgage to help make sure you still qualify for your loan at the closing table.
  • Along the way, be sure to discuss any changes in income, assets, or credit with your lender …
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Posted in Buying Homes, Economics