March Articles

March 10, 2017

Over Half of All Buyers Are Surprised by Closing Costs

 

Over Half of All Buyers Are Surprised by Closing Costs | MyKCM

According to a recent survey conducted by ClosingCorp, over half of all homebuyers are surprised by the closing costs required to obtain their mortgage.

After surveying 1,000 first-time and repeat homebuyers, the results revealed that 17% of homebuyers were surprised that closing costs were required at all, while ...

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Posted in March Articles
Feb. 27, 2017

Are You 1 of the 59 Million Planning to Buy This Year?

 

Are You 1 of the 59 Million Planning to Buy This Year? | MyKCM

According to a survey conducted by Bankrate.com, one in four Americans are considering buying a home this year. If this statistic proves to be true, that means that 59 million people will be looking to enter the housing market in 2017.

The survey also revealed 3 key takeaways ...

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Posted in March Articles
Feb. 27, 2017

US Housing Market Is Moving into 'Buy Territory'!

 

US Housing Market Is Moving into 'Buy Territory'! | MyKCM

According to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. housing market has continued to move deeper into buy territory, supporting the belief that housing markets across the country remain a sound investment.

The BH&J Index is a quarterly report that attempts to answer ...

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Posted in March Articles
Feb. 27, 2017

Do You Know the Real Cost of Renting vs. Buying? [INFOGRAPHIC]

Do You Know the Real Cost of Renting vs. Buying? [INFOGRAPHIC] | MyKCM

Some Highlights:

  • Historically, the choice between renting or buying a home has been a close decision.
  • Looking at the percentage of income needed to rent a median-priced home today (30%), vs. the percentage needed to buy a median-priced home (15%), the choice becomes obvious.
  • Every market is different. Before you ...
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Posted in March Articles
Feb. 27, 2017

Existing Home Sales Reach Highest Mark Since 2007 [INFOGRAPHIC]

Existing Home Sales Reach Highest Mark Since 2007 [INFOGRAPHIC] | MyKCM

Highlights:

  • Sales of existing homes reached the highest pace in a decade at a seasonally adjusted annual rate of 5.69 million.
  • January marked the 59th consecutive month of year-over-year price gains as the median home price rose 7.1% to $228,900.
  • NAR’s Chief Economist, Lawrence Yun had ...
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Posted in March Articles
Feb. 21, 2017

3 Questions to Ask If You Want to Buy Your Dream Home

3 Questions to Ask If You Want to Buy Your Dream Home | MyKCM

If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in the real estate market.

Ask yourself ...

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Posted in March Articles