Real Estate Information Archive
Displaying blog entries 1-10 of 14
Here is a good summary of what is currently taking place in the real estate market from KCMblog.com.
Everyone wants to know if the housing market is truly showing signs of a recovery. There are conflicting headlines every day. One day, we hear sales are up. The next day it is reported that prices are down. Is the real estate market coming back? The answer is ‘yes’ and ‘no’. Read further: http://www.kcmblog.com/2012/03/13/is-the-housing-market-actually-recovering/
We believe very strongly that now is the time to buy a home. Some will say we are just saying this to create real estate transactions and commissions. Because of that, today we will quote what those outside the real estate profession are saying to the people who look to them for financial advice. Read further: http://www.kcmblog.com/2011/10/17/wall-street-journal-forbes-its-time-to-buy-a-home/
Rates Stay Low, BUT Will Costs Go Up?
We are often asked “Is it time to sell my home?” The answer to that question is based on what your families’ goals are. If you don’t need or want to move for a few years it might make sense to wait for the housing industry to recover and prices to appreciate. However, if you wish to move within the next six to eighteen months, it is probably better to sell sooner rather than later. Here are five reasons why: http://kcmblog.com/2011/09/06/5-great-reasons-t-sell-your-house-today-2/
In yesterday’s blog post, we explained that the ‘shadow inventory’ of distressed properties which has hung over the housing market will soon be released for sale. The real estate market won’t recover until we work our way through this discounted inventory. Read more: http://kcmblog.com/2011/08/25/delinquency-rates-dropping-dramatically/
Here is a good infographic on why waiting to purchase a home isn't always such a great idea. Right now interest rates are still very low, making it a great time to get into a home!
The effects of the Debt Ceiling Debate have already started to push interest rates higher. If you have thought about buying a home, you may not want to wait much longer!
I just met with some clients last night, and in talking with them, I learned that they were under the assumption that they would need 20% down in order to get a mortgage. I hear this time and time again. Although there is talk of the government imposing rules to force banks to require 20% down, nothing has been decided on this yet. So please spread the word.....20% down is not required in order to qualify for a mortgage! 3.5% for FHA loans and 5% down for Conventional loans is all that is needed in most situations.