Market Statistics and Trends

Nov. 15, 2018

Renovating to Sell or Stay

Are Homeowners Renovating to Sell or to Stay?

Are Homeowners Renovating to Sell or to Stay? | MyKCM

Over the past few years, two trends have emerged in the housing market:

  1. Home renovations have shot up
  2. Inventory of homes available for sale on the market has dropped

A ‘normal’ housing market is defined by having a 6-month supply of homes ...

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Nov. 8, 2018

October 2018 Market Overview

 

 

 

 

 

As of 11/7/18, there were 2,390 homes for sale in our market area.

434 homes sold during the month of October (10/1/18-10/31/18).  

This results in a 5.5 month inventory of homes.  This means if no ...

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Nov. 7, 2018

Snapshot of Interest Rates over the Years

Some Highlights:

  • With interest rates still around 4.5%, now is a great time to look back at where rates have been over the last 40 years.
  • Rates are projected to climb to 5.1% by this time next year according to Freddie Mac.
  • The impact your interest rate makes ...
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Nov. 2, 2018

The Difference an Hour Will Make This Fall

Every Hour in the US Housing Market: 

  • 596 Homes Sell
  • 278 Homes Regain Positive Equity
  • Median Home Values Go Up $1.20

The information, third party advertisers, articles, and opinions are not guaranteed or warranted.  The accuracy or completeness of the information or opinions contained herein are not ...

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Oct. 23, 2018

5 Tips for Home Searching

5 Tips for Starting Your Home Search

5 Tips for Starting Your Home Search | MyKCM

In today’s real estate market, with low inventory dominating the conversation in many areas of the country, it can often be frustrating to be a first-time homebuyer if you aren’t prepared.

In a recent realtor.com article entitled, “How to Find ...

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Oct. 1, 2018

How Does the Supply of Homes for Sale Impact Buyer Demand?

Supply of Homes and Buyer Demand

How Does the Supply of Homes for Sale Impact Buyer Demand? | MyKCM

The price of any item is determined by the supply of that item, as well as the market’s demand for it. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market ...

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Sept. 28, 2018

Buyers are willing to sacrifice in favor of Good School Districts

Homebuyers Willing to Sacrifice ‘Must-Haves’ in Favor of Good School Districts

Homebuyers Willing to Sacrifice ‘Must-Haves’ in Favor of Good School Districts | MyKCM

It should come as no surprise that buying a home in a good school district is important to homebuyers. According to a report from Realtor.com, 86% of 18-34 year-olds and 84% of those aged 35-54 indicated that their ...

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Sept. 26, 2018

4 Reasons to Buy a Home this Fall

4 Reasons Why Fall Is A Great Time to Buy A Home!

4 Reasons Why Fall Is A Great Time to Buy A Home! | MyKCM

Here are four great reasons to consider buying a home today instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest Home Price Insights report reveals that home prices have appreciated by 6.2% over the ...

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Sept. 24, 2018

Has your home Value Increased

How Much Has Your Home Increased in Value?

How Much Has Your Home Increased in Value? | MyKCM

Home values have risen dramatically over the last twelve months. In CoreLogic’s most recent Home Price Index Report, they revealed that national home prices have increased by 6.2% year-over-year.

CoreLogic broke down appreciation even further into four price ranges, giving ...

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Sept. 18, 2018

If you are thinking of Selling - Act now

If You Are Thinking of Selling? You Must Act NOW! | MyKCM

 

If you thought about selling your house this year, now more than ever may be the time to do it! The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned about the concept of ...

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