December 2017

Dec. 20, 2017

Top 5 Benefits of Hiring a Real Estate Agent

 

Top 5 Benefits of Hiring a Real Estate Agent | MyKCM

The National Association of Realtors (NAR) recently released their 2017 Profile of Home Buyers and Sellers in which they surveyed recent home buyers and sellers about their experiences. An entire section of the profile is dedicated to buyers’ experiences with their real estate agents.

If you are looking to ...

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Posted in December 2017
Dec. 20, 2017

Should Boomers Buy or Rent after Selling?

 

Should Boomers Buy or Rent after Selling? | MyKCM

In a recent CNBC article, it was reported that many baby boomers are selling their current homes and moving into rentals, rather than purchasing another home.

“Between 2009 and 2015, the number of renters aged 55 or above rose 28 percent, while those aged 34 or younger only increased 3 ...

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Posted in December 2017
Dec. 20, 2017

4 Reasons to Buy a Home This Winter!

 

4 Reasons to Buy a Home This Winter! | 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 Index reports that home prices have appreciated by 7.0% over the last 12 months. The same report predicts that prices will continue to increase ...

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Posted in December 2017
Dec. 20, 2017

Rents Are on the Rise: Don’t Get Caught in the Rental Trap!

 

Rents Are on the Rise: Don't Get Caught in the Rental Trap! | MyKCM

There are many benefits to homeownership. One of the top benefits is protecting yourself from rising rents, by locking in your housing cost for the life of your mortgage.

Don’t Become Trapped 

A recent article by Apartment List addressed rising rents by stating:

“Rents are up 2.7% year-over-year ...

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Posted in December 2017
Nov. 29, 2017

Low Interest Rates Have a High Impact on Your Purchasing Power

 

According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.92%, which is still near record lows in comparison to recent history!

The interest rate you secure when buying a home not only greatly impacts your monthly housing ...

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Posted in December 2017
Nov. 29, 2017

2 Charts That Show the Truth about Home Affordability

 

2 Charts That Show the Truth about Home Affordability | MyKCM

There is a lot of discussion about the current state of housing affordability for both first-time and move-up buyers, and much of the narrative is tarnished with a negative slant. However, the truth is that housing affordability is better today than at almost any time in our history.

The ...

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Posted in December 2017
Nov. 29, 2017

Homeowners: Your House Must Be Sold TWICE

 

Homeowners: Your House Must Be Sold TWICE | MyKCM

In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5%+ over the next twelve months. One major challenge in such a market is the bank appraisal.

If prices ...

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Posted in December 2017
Nov. 29, 2017

Bubble Alert! Is it Getting Too Easy to Get a Mortgage?

 

Bubble Alert! Is it Getting Too Easy to Get a Mortgage? | MyKCM

There is little doubt that it is easier to get a home mortgage today than it was last year. The Mortgage Credit Availability Index (MCAI), published by the Mortgage Bankers Association, shows that mortgage credit has become more available in each of the last several years. In fact, in ...

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Posted in December 2017
Nov. 29, 2017

The Cost of NOT Owning Your Home

 

The Cost of NOT Owning Your Home | MyKCM

Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed.

Zillow recently reported that:

“In reality, buying or ...

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Posted in December 2017