Market Updates

June 21, 2022

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“Short of a war or stock market crash…”

“Short of a war or stock market crash…” | MyKCM

 

This month, Arch Mortgage Insurance released their spring Housing and Mortgage Market Review. The report explained that an increase in mortgage rates and/or home prices would impact monthly payments this way:

  • A ...
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Posted in Market Updates
Feb. 24, 2022

The Path To Homeownership Can Be Steeper for Some Americans

The Path To Homeownership Can Be Steeper for Some Americans | MyKCM

As we celebrate Black History Month, we honor and recognize the past and present experiences of Black Americans. A significant part of this experience is investing in a home of their own. While equitable access to housing has come a long way, the path to homeownership is still steeper for ...

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Posted in Market Updates
Feb. 19, 2022

Millions of Americans Have Discovered the Benefits of Multigenerational Households

Millions of Americans Have Discovered the Benefits of Multigenerational Households | MyKCM

If your needs are changing, you may be thinking about sharing a home with additional loved ones, such as grandparents, adult children, or other extended family members. Whether it’s for financial or health-related circumstances, or simply because you’ve reached a new phase of life, you might be wondering if living ...

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Posted in Market Updates
Feb. 8, 2022

The Top Indicator if You Want To Know Where Mortgage Rates Are Heading

The Top Indicator if You Want To Know Where Mortgage Rates Are Heading | MyKCM

Mortgage rates have increased significantly since the beginning of the year. Each Thursday, Freddie Mac releases its Primary Mortgage Market Survey. According to the latest survey, the average 30-year fixed-rate mortgage has risen from 3.22% at the start of the year to 3.55% as of last week ...

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Posted in Market Updates
Jan. 24, 2022

Buyers Want To Know: Why Is Housing Supply Still So Low?

Buyers Want To Know: Why Is Housing Supply Still So Low? | MyKCM

One key question that’s top of mind for homebuyers this year is: why is it so hard to find a house to buy? The truth is, we’re in the ultimate sellers’ market, so real estate is ultra-competitive for buyers right now. The number of buyers searching for a home ...

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Posted in Market Updates
Jan. 18, 2022

What’s Going To Happen with Home Prices This Year?

What’s Going To Happen with Home Prices This Year? | MyKCM

After almost two years of double-digit increases, many experts thought home price appreciation would decelerate or happen at a slower pace in the last quarter of 2021. However, the latest Home Price Insights Report from CoreLogic indicates while prices may have plateaued, appreciation has definitely not slowed. The following graph ...

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Posted in Market Updates
Jan. 4, 2022

Avoid the Rental Trap in 2022

Avoid the Rental Trap in 2022 | MyKCM

Are you one of the many renters thinking about where you’ll live the next time your lease is up? Before you decide whether to look for a new house or another apartment, it’s important to understand the true costs of renting in 2022.

As a renter, you should know rents ...

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Posted in Market Updates
Dec. 25, 2021

What Everyone Wants To Know: Will Home Prices Decline in 2022?

What Everyone Wants To Know: Will Home Prices Decline in 2022? | MyKCM

If you’re thinking of buying a home in today’s housing market, you may be wondering how strong your investment will be. You might be asking yourself: if I buy a home now, will it lose value? Or will it continue to appreciate going forward? The good news is, according to ...

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Posted in Market Updates
Dec. 20, 2021

Homebuyers Are Going on a Shopping Spree This Winter

Homebuyers Are Going on a Shopping Spree This Winter | MyKCM

Black Friday and Cyber Monday are over, which means some shoppers have wrapped up their holiday buying. But there’s still a group of buyers that are very active this holiday season – homebuyers.

Experts anticipate the real estate market will see a flurry of activity this winter, and that’s great ...

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Posted in Market Updates
Dec. 1, 2021

Two Graphs That Show Why You Shouldn’t Be Upset About 3% Mortgage Rates

Two Graphs That Show Why You Shouldn’t Be Upset About 3% Mortgage Rates | MyKCM

With the average 30-year fixed mortgage rate from Freddie Mac climbing above 3%, rising rates are one of the topics dominating the discussion in the housing market today. And since experts' project rates will rise further in the coming months, that conversation isn’t going away any time soon.

But ...

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Posted in Market Updates