Three Things to Understand About Unemployment Statistics
Tomorrow morning the Bureau of Labor Statistics will release the latest Employment Situation Summary, which will include the most current unemployment rate.
Entries by The KCM Crew
Is it Time to Sell Your Vacation Home?
The travel industry is one of the major sectors that’s been hit extremely hard by the COVID-19 pandemic. Today, it’s hard to know how long it will take for summer travelers to be back in action and for the industry to fully recover. Homeowners who rent their secondary properties on their own or through programs like Airbnb, which has over 660,000 listings in the U.S. alone, have been impacted in this challenging time. Some of these homeowners are considering selling their vacation homes, and understandably so.
Home Prices: It’s All About Supply and Demand
As we enter the summer months and work through the challenges associated with the current health crisis, many are wondering what impact the economic slowdown will have on home prices. Looking at the big picture, supply and demand will give us the clearest idea of what’s to come.
The Benefits of Homeownership May Reach Further Than You Think
More than ever, our homes have become an integral part of our lives. Today they are much more than the houses we live in. They’re evolving into our workplaces, schools for our children, and safe havens that provide shelter, stability, and protection for our families through the evolving health crisis. Today, 65.3% of Americans are able to call their homes their own, a rate that has risen to its highest point in 8 years.
Top Reasons to Own Your Home [INFOGRAPHIC]
![Top Reasons to Own Your Home [INFOGRAPHIC] | Keeping Current Matters](https://files.keepingcurrentmatters.com/wp-content/uploads/2020/05/28165619/20200529-NM.jpg)
Some Highlights
- June is National Homeownership Month, and it’s a great time to consider the benefits of owning your own home.
- If you’re in a position to buy, homeownership might help you find the stability, community, and comfort you’ve been searching for this year.
- Reach out to a local real estate professional today to determine if homeownership is the right next step for you and your family.
The New Spring Real Estate Market is Here. Are You Ready?
Which month do you think most people who are considering buying a home actually start their search?
Big Demand for Small Homes
Movies, tv shows, and celebrities often have us dreaming of owning large homes, but the reality for most people is quite different.
3 Benefits to Buying Your Dream Home This Year
Outside of a strong economy, low unemployment, and higher wages, there are three more great reasons why you may want to consider buying your dream home this year instead of waiting.
Top Renovations for Maximum ROI [INFOGRAPHIC]
![Top Renovations for Maximum ROI [INFOGRAPHIC] | Keeping Current Matters](https://files.keepingcurrentmatters.com/wp-content/uploads/2019/12/19172641/20200103-NM-scaled.jpg)
Some Highlights:
- If you’re planning on selling your house in 2020, these are the top renovations that will give you the highest Return on your Investment.
- Regardless of how long you’re planning on staying in your current home, it’s smart to be aware of which home renovations add the most value.
- The exterior of a house is the first thing buyers see when searching for a home. Upgrading your roof or siding will ensure your home leaves a great first impression!
The 2020 Real Estate Projections That May Surprise You
This will be an interesting year for residential real estate. With a presidential election taking place this fall and talk of a possible recession occurring before the end of the year, predicting what will happen in the 2020 U.S. housing market can be challenging.
Here’s to a Wonderful 2020!
We hope 2020 is a great year for you, both personally and professionally!
Expert Insights on the 2020 Housing Market
When closing out another year, it’s normal to wonder what’s ahead for the housing market. Though there will be future inventory issues, we expect interest rates to stay low and appreciation to continue.
Why You Shouldn’t “For Sale By Owner”
Rising home prices coupled with the current inventory in today’s market may cause some homeowners to consider selling their homes on their own (known in the industry as a For Sale By Owner). However, a FSBO might be hard to execute well for the vast majority of sellers.
Working with a Local Real Estate Professional Makes All the Difference [INFOGRAPHIC]
![Working with a Local Real Estate Professional Makes All the Difference [INFOGRAPHIC] | Keeping Current Matters](https://files.keepingcurrentmatters.com/wp-content/uploads/2019/12/19133955/20191227-NM.jpg)
Some Highlights:
- Choosing the right real estate professional is one of the most impactful decisions you can make in your home buying or selling process.
- A real estate professional can explain current market conditions and break down what they will mean to you and your family.
- If you’re considering buying or selling a home in 2020, make sure to work with someone who has the experience to answer all of your questions about pricing, contracts, and negotiations.
Year-Over-Year Rental Prices on the Rise
Looking ahead, 2020 is projected to be a strong year for homeownership.
When a House Becomes a Happy Home
We talk a lot about why it makes financial sense to buy a home, but more often than not we’re drawn to the emotional reasons for homeownership.
2020 Forecast Shows Continued Home Price Appreciation
Questions continue to rise around where home prices will head in 2020.
Where is the Housing Market Headed in 2020? [INFOGRAPHIC]
![Where is the Housing Market Headed in 2020? [INFOGRAPHIC] | Keeping Current Matters](https://files.keepingcurrentmatters.com/wp-content/uploads/2019/12/19120607/20191220-NM-scaled.jpg)
Some Highlights:
- Interest rates will be lower than they have been since before 1980 at 3.8% and are projected to remain steady throughout 2020!
- According to CoreLogic, home prices will appreciate at a rate of 5.4% over the course of the year.
- Experts predict that the number of homes sold next year will be equal to or outpace 2019.
5,300 Reasons to Be Happy You’re a Homeowner
Studies have shown that, in many cases, the largest asset a family owns is the house they live in. Over the last twelve months, that asset has gained substantial value.
The Biggest Issue Facing Housing Next Year
This coming year the housing market will be defined by 3 things- inventory, interest rates, and appreciation. But the biggest issue the housing market will face in 2020 is an inventory shortage.
3 Mistakes to Avoid When Selling a Home in 2020
It’s exciting to put a house on the market and to think about making new memories in new spaces, but we can have deep sentimental attachments to the homes we’re leaving behind, too. Growing emotions can help or hinder a sale, depending on how we manage them.
December 2019: The Buyer Stakes Are High Because Inventory Is Low
The reality of what we’re seeing this month is that homes are selling fast. In today’s strong seller’s market, bidding wars are common and expected with starter or entry-level homes.
