Entries by The KCM Crew

Walking Away: New FHA Short Refinance Option

The current administration continues to attempt a myriad of policies aimed at bringing about a recovery in the housing industry. It is not their belief in the importance of homeownership that drives this policy. This administration has openly questioned whether the government should continue to support homeownership as an American ideal. Every policy had one […]

This Holiday, Let’s Remember Why We Work So Hard

We want to wish everyone a happy holiday weekend. Many of you will be celebrating right in your own backyard. Take a moment to realize what that means to you, your family and your friends. Let us never lose sight of the fact that homeownership is, and always will be, a major part of the […]

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It’s Not About Jobs If You Need To Sell Now

A message from Steve Harney: The short term fixes used to bolster the real estate market (the purchase of mortgage-backed-securities and homebuyer tax credits) proved to be just that: short term fixes. Everyone now seems to feel that the only true solutions to the challenges in housing are the creation of jobs and the increase […]

To Refi Or Not To Refi….THAT Is the Question

Holy Cow! Have you taken a look at where interest rates are these days??? There are Ten Year Mortgages in the 3.75% range for heaven’s sake! Yes, 3.75%!!! What are some of the issues to consider as you (and all of America) contemplates a refinance? 1.  Does it make financial sense? If you are considering […]

Our Opinion: No New Tax Credit Coming

Reuters report 9/1: “It is not high on anyone’s list that we have heard. We have not heard Congress talking about renewing it.”  – HUD Secretary Shaun Donovan regarding a possible renewal of the homebuyer tax credit.   ORIGINAL POST Rumors are running wild that the administration is considering a new tax credit for homebuyers. We don’t want […]

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Future Home Prices: Expectations from the Experts

MacroMarkets has assembled a very distinguished panel of over 100 economists, investment strategists, and housing market analysts who are surveyed every month regarding their 5-year expectations for future home prices in the U.S. The report is the Home Price Expectations Survey. Their purpose for this undertaking? We are hopeful that this survey, and our panelists, will […]

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Sense of Urgency?

It’s been hard to fault home buyers who haven’t rushed to buy a home, now that there is no longer any Federal Tax Credit. I mean, if you read this blog with any consistency, we all know that home prices are going to continue to tumble, and there is no indication of interest rates climbing […]

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Are Modification Programs Actually Working?

One of the greatest threats to a housing recovery is the months’ supply of housing inventory available for sale. A normal market would have between 5-6 months inventory. We currently have 8.9 months of inventory and most experts believe that number will increase rather dramatically when the National Association of Realtors’ August Existing Housing Report […]

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The Impact Housing Inventory Has on Prices

We attempt to explain the current real estate market both simply and effectively. We either create or search for great visuals or graphs that do just that. We have been trying to help our readers realize that real estate is just like any other industry: pricing will be determined by the theory of ‘supply and […]

Jumbo Mortgages Becoming More Available

While we still see a tightening of mortgage underwriting guidelines for many loan programs, or even an increase in costs associated with the FHA loan program, there has emerged an increased appetite for Jumbo Mortgages in the marketplace. Today, I’d like to discuss the “What?”, “Why?” and “How It Affects You?” of the evolving landscape. […]

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Where Are Home Prices Headed?

We are building a home for real estate information here at the KCM Blog. Our job is to accurately reflect what is taking place in the residential housing market in this country. The entire team takes this job very seriously. With the market evolving so rapidly, it has become a daunting task. We looked at […]

Will There Be a ‘Double Dip’ in Real Estate?

The biggest question looming over the economy overall and real estate specifically is whether or not we will experience a double dip. What exactly is a double dip? Robert Hall, chairman of the National Bureau of Economic Research, a group of academic economists that officially declares the starts and ends of recessions, says: “A double […]

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Homeownership: It is STILL the American Dream

I believe very strongly in the importance of homeownership in this country. A home is much more than just a financial investment. It is a parents’ investment in their children. It is a family’s investment in their community. It is the people’s investment in America. I have written extensively on the fact that real estate […]

Favorite Blog Posts of the Last 30 Days

We know how busy everyone is. For that reason, here are our 5 most popular blog posts from the last 30 days (just in case you missed any of them). Have a great weekend! – The KCM Crew 5 Reasons Why You Should Buy a Home Today What Will My House Be Worth Next Month? […]

It’s the Economy, Stupid!

The original thinking was that the economy wouldn’t come back until there was a recovery in the housing market. It now seems that most experts are saying that there will be no recovery in the housing sector until our economy comes back. More specifically not until we begin creating jobs. But, when will that actually […]

Hire Superman, Not Clark Kent

You have decided to sell your home. You realize that, in this market, you need the skills of a real estate professional. You are about to start interviewing. You know what your goals are: Get the house sold Get the best price possible Sell the house in a certain timeframe Sell it with the least […]

Yet Another Reason To Buy NOW!

Last week, HUD announced their intention to change their insurance premiums, in order to raise HUD’s own reserves to cover anticipated losses and fund their operations. Let’s look at the impact on today’s home buyer, resulting from the changes which will go into effect on September 7th. The “spin” is that they are trying to […]

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What Makes a Real Estate Professional?

People often ask us how they should determine with whom they should list their house. Aren’t real estate agents really all the same? Don’t they all do the same thing? Shouldn’t I just hire the one that charges me the lowest commission rate? The answer to each of these questions is NO! In any other […]