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Category: Housing Market Updates

    Why the Stock Market Correction Probably Won’t Impact Home Values

    By KCM Crew | March 24, 2020

    With the housing crash of 2006-2008 still visible in the rear-view mirror, many are concerned the current correction in the stock market is a sign that home values are also about to tumble. What’s taking place today, however, is nothing like what happened the last time. The S&P 500 did fall by over fifty percent... Read More

    Economic Slowdown: What the Experts Are Saying

    By KCM Crew | March 23, 2020

    More and more economists are predicting a recession is imminent as the result of the pullback in the economy caused by COVID-19. According to the National Bureau of Economic Research: “A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real... Read More

    Economic Slowdown: What the Experts Are Saying

    By KCM Crew | March 23, 2020

    More and more economists are predicting a recession is imminent as the result of the pullback in the economy caused by COVID-19. According to the National Bureau of Economic Research: “A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real... Read More

    Are We About to See a New Wave of Foreclosures?

    By KCM Crew | March 19, 2020

    With all of the havoc being caused by COVID-19, many are concerned we may see a new wave of foreclosures. Restaurants, airlines, hotels, and many other industries are furloughing workers or dramatically cutting their hours. Without a job, many homeowners are wondering how they’ll be able to afford their mortgage payments. In spite of this,... Read More

    Three Reasons Why This Is Not a Housing Crisis

    By KCM Crew | March 18, 2020

    In times of uncertainty, one of the best things we can do to ease our fears is to educate ourselves with research, facts, and data. Digging into past experiences by reviewing historical trends and understanding the peaks and valleys of what’s come before us is one of the many ways we can confidently evaluate any... Read More

    New Homes Coming to the Housing Market This Year

    By KCM Crew | March 9, 2020

    The number of building permits issued for single-family homes is the best indicator of how many newly built homes will begin to come to market over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Construction Report, the number of building permits issued in January was 1,551,000. This is a... Read More

    Real Estate Is Soaring, But Not Like 2008

    By KCM Crew | March 4, 2020

    Unlike last year, the residential real estate market kicked off 2020 with a bang! In their latest Monthly Mortgage Monitor, Black Knight proclaimed: “The housing market is heating entering 2020 and recent rate declines could continue that trend, a sharp contrast to the strong cooling that was seen at this same time last year.” Zillow... Read More

    Thinking of Selling? Now May Be the Time.

    By KCM Crew | February 26, 2020

    The housing market has started off much stronger this year than it did last year. Lower mortgage interest rates have been a driving factor in that change. The average 30-year rate in 2019, according to Freddie Mac, was 3.94%. Today that rate is closer to 3.5%. The Census Bureau also just reported the highest homeownership... Read More

    Opportunity in the Luxury Market This Year

    By KCM Crew | February 24, 2020

    Homes priced in the top 25% of a price range for a particular area of the country are considered “premium homes.” At the start of last year, many of the more expensive homes listed for sale hadn’t seen as much interest, since much of the demand for housing over the past few years has come from... Read More

    The #1 Reason to List Your House Right Now

    By KCM Crew | February 12, 2020

    The success of the U.S. residential real estate market, like any other market, is determined by supply and demand. This means we need to look at how many potential purchasers are in the market versus the number of houses that are available to buy. With early 2020 housing data now rolling in, it’s quite evident... Read More