Market Updates

July 19, 2021

What You Should Do Before Interest Rates Rise

What You Should Do Before Interest Rates Rise | MyKCM

What You Should Do Before Interest Rates Rise

In today’s real estate market, mortgage interest rates are near record lows. If you’ve been in your current home for several years and haven’t refinanced lately, there’s a good chance you have a mortgage with an interest rate higher …

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July 16, 2021

Experts Agree: Options Are Improving for Buyers

Experts Agree: Options Are Improving for Buyers [INFOGRAPHIC] | MyKCM

Some Highlights

  • Buyers hoping for more homes to choose from may be in luck as housing inventory begins to rise. Many experts agree – new sellers listing their homes is great news for buyers and the overall market.
  • Although the supply increases are modest
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July 15, 2021

Diving Deep into Today’s Biggest Buyer Concerns

Diving Deep into Today’s Biggest Buyer Concerns | MyKCM

Diving Deep into Today’s Biggest Buyer Concerns

Last week, Fannie Mae released their Home Purchase Sentiment Index (HPSI). Though the survey showed 77% of respondents believe it’s a “good time to sell,” it also confirms what many are sensing: an increasing number of Americans believe it’s a …

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July 14, 2021

Housing Supply Is Rising. What Does That Mean for You?

Housing Supply Is Rising. What Does That Mean for You? | MyKCM

Housing Supply Is Rising. What Does That Mean for You?

An important factor in today’s market is the number of homes for sale. While inventory levels continue to sit near historic lows, there are indications we may have hit the lowest point we’ll see. Odeta Kushi, …

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July 13, 2021

Why This Isn’t Your Typical Summer Housing Market

Why This Isn’t Your Typical Summer Housing Market | MyKCM

Why This Isn’t Your Typical Summer Housing Market

In real estate, it’s normal to see ebbs and flows in the market. Typically, the summer months are slower-paced than the traditionally busy spring. But this isn’t a typical summer. As the economy rebounds and life is returning to …

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July 12, 2021

4 Major Incentives To Sell This Summer

4 Major Incentives To Sell This Summer | MyKCM

4 Major Incentives To Sell This Summer

While the housing market forecast for the second half of the year remains positive, there may not be a better time to sell than right now. Here are four things to consider if you’re trying to decide if now’s the …

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July 9, 2021

Your Home Equity Can Take You Places

Your Home Equity Can Take You Places [INFOGRAPHIC] | MyKCM

Some Highlights

  • The amount of wealth Americans have stored in their homes has increased astronomically.
  • On average, homeowners gained $33,400 in equity over the last 12 months, and the average equity on mortgaged homes is now $216,000.
  • When it’s time to sell, your …
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July 8, 2021

Selling Your House? Make Sure You Price It Right

Selling Your House? Make Sure You Price It Right. | MyKCM

Selling Your House? Make Sure You Price It Right

There’s no denying we’re in a sellers’ market. With low inventory and high buyer demand, homes today are selling above the asking price at a record rate. According to the latest Realtors Confidence Index Survey from the National …

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July 7, 2021

The Truths Young Homebuyers Need To Hear

The Truths Young Homebuyers Need To Hear | MyKCM

The Truths Young Homebuyers Need To Hear

For many young or first-time homebuyers, purchasing a home can feel intimidating. A recent survey shows some homebuyers ages 25 to 40 may be unsure about the homebuying process and what they can afford. It found:

  • “1 in …
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July 6, 2021

A Look at Home Price Appreciation Through 2025

A Look at Home Price Appreciation Through 2025 | MyKCM

A Look at Home Price Appreciation Through 2025

Home prices have increased significantly over the last year, which in turn has grown the net worth of homeowners. Appreciation and home equity are directly linked – as the value of a home increases, so does a homeowner’s equity. …

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