real estate news: What Does QE3 Mean to Housing?
- 09/17/12 11:33 PM
by The KCM Crew on September 18, 2012 · Fed Chairman Ben Bernanke announced last week that the Fed would again be pumping money into mortgage-backed-securities as a way to stimulate the economy. The big question for us becomes what impact this will have on the housing market. There is absolutely no doubt that Bernanke had the housing industry in mind while making this decision. In his post meeting news conference Bernanke explained: “I think that house prices are beginning to rise in some markets, which will encourage people to look at homes, will encourage lenders to make … (0 comments)
real estate news: Housing Update from Ashley Garner
- 08/20/12 11:36 PM
Posted: 21 Aug 2012 Today we are honored to have Ashley Garner, one of the great young minds in real estate, share with us his thoughts on today’s national housing market. Enjoy! – The KCM Crew The Good News Is… The recovery of the Real Estate Market is unfolding exactly as it should and exactly as we have predicted. We are still in “Step 1” of the recovery, which basically is working to sell off the current oversupply of inventory (too many homes for sale). This oversupply is the reason prices have not yet started to rise in many parts of … (0 comments)
real estate news: It's Not GOOD News nor BAD News. It's Just THE News.
- 08/13/12 12:34 AM
by The KCM Crew on August 13, 2012 · Many people want to look at any news on the housing market and immediately categorize it as either good or bad. In reality, most news about real estate is not ‘good’ nor ‘bad’. It’s just news.Current home values are much lower than just a few years ago. Many see this as bad news. However, there are two competing parties in every real estate transaction. When a house sells today, 50% of the people in the transaction (the sellers) could see the lower prices as bad news. However, the other 50% (the buyers) … (2 comments)
real estate news: It might still look dark for some....
- 07/18/12 01:30 AM
...and even if you can't see yet...there is light at the end of the Tunnel. There is a reason why I love numbers. They don't give you baloney. They are what they are. We are free to believe or to ignore them, it is our personal choice and it will take pretty much the same effort, so I chose to share good news... Over the past 6 months, even though we had some 'slow' months I see things getting brighter and brighter when looking at the 'big picture'. The US housing recovery continues to gain momentum as June sales and prices rise higher according … (5 comments)
real estate news: Another Positive Report for Real Estate
- 06/18/12 12:18 AM
Posted: 18 Jun 2012 We often report on shadow inventory and its impact on home prices. We are pleased to announce that CoreLogic just reported that the amount of shadow inventory has fallen to levels not seen since 2008. Mark Fleming, their chief economist, explains: “Since peaking at 2.1 million units in January 2010, the shadow inventory has fallen by 28 percent. The decline in the shadow inventory is a positive development because it removes some of the downward pressure on house prices. This is one of the reasons why some markets that were formerly identified as deeply distressed, like … (0 comments)
real estate news: 80 Metros Listed As Improving Housing Markets in June
- 06/13/12 10:31 PM
June 13, 2012 - The list of U.S. housing markets showing measurable and sustained improvement now includes 80 metropolitan areas, according to the National Association of Home Builders/First American Improving Markets Index (IMI) for June, released today. Though down from the 100 markets shown as improving in May, the list includes 28 new entrants and at least one representative from 31 different states (including the District of Columbia).The index identifies metropolitan areas that have shown improvement from their respective troughs in housing permits, employment and house prices for at least six consecutive months. This month’s IMI showed some considerable shifting of … (1 comments)
real estate news: Buying a Home? What About Greece? The Election?
- 06/12/12 12:51 AM
Posted: 12 Jun 2012 04:00 AM PDT- Kevin Miller of KCM As I travel across the country speaking with thousands of agents a month, I am always amazed at the first two questions I am usually asked: What impact will the European economic crisis have on real estate here in the U.S.? Shouldn’t people wait until after the election to find out who will be the President before buying a home? Today, I want to tell a story about Kevin Miller who works here at Keeping Current Matters and just signed contracts on the home he and Crystal, his wife, … (0 comments)
real estate news: Do National Real Estate Headlines Actually Influence Local Markets?
- 06/11/12 12:45 AM
by The KCM Crew on June 11, 2012 This is a question we are frequently asked. Local real estate professionals know the best information for either buyers or sellers is local market data. However, we must realize that what happens in the national real estate market dramatically impacts regional and local markets. For example:Are 30 year mortgage interest rates in North Dakota under 4% because of what happened in the their market over the last few years?Of course not. They benefit from lower rates because of what happened in the national economy (if not the world economy).Buyers all over the country … (2 comments)
real estate news: Everybody Calm Down! The Sky Is NOT Falling
- 06/05/12 10:08 PM
by The KCM Crew on June 5, 2012 · After weeks of continuous good news about the housing market, the naysayers jumped all over this month’s Pending Sales Report from the National Association of Realtors (NAR). Pending sales were down from the previous month. This must be proof that all that other positive news on real estate should be ignored – right? WRONG!! It is true that this month’s numbers were down from last month. However, we must realize we are comparing the numbers to the best month in two years. The numbers are 14.4% higher than the same month last … (1 comments)
real estate news: The Emotion Driving the Housing Recovery
- 06/05/12 09:52 PM
by The KCM Crew on June 4, 2012This blog often discusses the data behind the housing market. Today, we want to address the emotion behind the market comeback; a belief in homeownership which is still alive and well in this country.A study conducted by Coldwell Banker and psychotherapist Dr. Robi Ludwig found that owning a home is still very much a goal for many Americans. In the study, 91 percent of those surveyed said owning a home is part of the American Dream. A second study by TD Bank, reported similar results: More than half of consumers polled say homeownership is … (1 comments)
WASHINGTON (May 22, 2012) – Existing-home sales rose in April and remain above a year ago, while home prices continued to rise, according to the National Association of Realtors®. The improvements in sales and prices were broad based across all regions. Total existing-home sales1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 3.4 percent to a seasonally adjusted annual rate of 4.62 million in April from a downwardly revised 4.47 million in March, and are 10.0 percent higher than the 4.20 million-unit level in April 2011. Lawrence Yun, NAR chief economist, said the housing recovery is … (1 comments)
The months it would take to sell off all homes under distress or 90 days or more delinquent based on the current sales pace. InfoGraphic … (0 comments)
Consumers are feeling more confident about the economy according to a survey Watch Video
… (2 comments)
real estate news: Buying x Renting? What is your best option in the current Market?
- 03/23/12 08:16 AM
With the current real estate market conditions, most people wonder if it is a good time to buy a home. Many also wonder about Buying vs Renting a home. These are both good questions, and they are fair questions. Considering the fact the owning a home is the largest investment that most people will make in their lifetime. In this article, we will go over some of the advantages of buying a home now rather than waiting. We will also go over some facts to see if it is a good time to buy vs rent a home.
“Now … (0 comments)
real estate news: Relying On An Agent
- 01/18/12 12:31 AM
by Carla Hill The latest NAR Profile of Home Buyers and Sellers showed a growing trend among recent buyers. The latest figures show that 89 percent of buyers purchased their home with the help of a real estate or broker. This is a sharp increase from a decade ago in 2001, when only 69 percent of buyers enlisted the help of an agent or broker. Why do today's buyers buyers choose to work with an agent? Let's look at just a few of the many reasons an agent can be your biggest ally. First, agents are licensed professionals, which means … (0 comments)
real estate news: Fannie Mae sees 2012 home sales up 3.5% to 4.74 million
- 01/18/12 12:15 AM
by ANDREW SCOGGIN Friday, January 13th, 2012, 2:17 pm The housing sector will likely take incremental steps forward in 2012, though total originations will fall on fewer refinances, according to economists at Fannie Mae. The second half of the year should outpace the first six months in terms of growth, though fiscal policy and political uncertainty in Washington will likely drive consumer and business activity, the mortgage giant said. Chief Economist Doug Duncan said positive consumer activity and challenges in housing and the global economy will equate to moderate growth for the year. "We're entering 2012 with decent momentum, especially on … (0 comments)
We all know the NAR stats: • 87% of consumers start their search online, yet 48% of Internet leads are not responded to • 90% of consumers would use the same agent again, but only 11% do • Add these, and other equally dismaying stats, to the ability for consumers to access information without our involvement, and then mix in our industry’s reputation for less than stellar professionalism, and you come to an undeniable conclusion: to be successful in the future, you will either have to compete on price or you will have to deliver an incredible … (2 comments)
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by The KCM Crew on September 18, 2012 · Fed Chairman Ben Bernanke announced last week that the Fed would again be pumping money into mortgage-backed-securities as a way to stimulate the economy. The big question for us becomes what impact this will have on the housing market. There is absolutely no doubt that Bernanke had the housing industry in mind while making this decision. In his post meeting news conference Bernanke explained: “I think that house prices are beginning to rise in some markets, which will encourage people to look at homes, will encourage lenders to make … (0 comments)
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