Market Updates

March 30, 2023

We’re in a Sellers’ Market. What Does That Mean?

 




Even though activity in the housing market has slowed from the frenzy we saw over a year ago, today’s low supply of homes for sale is still a sellers’ market. But what does that really mean? And why are conditions today so good if you want to list your ...

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Posted in Market Updates
March 20, 2023

What’s Ahead for Home Prices in 2023

 



Over the past year, home prices have been a widely debated topic. Some have said we’ll see a massive drop in prices and that this could be a repeat of 2008 – which hasn’t happened. Others have forecasted a real estate market that could see slight appreciation or depreciation ...

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Posted in Market Updates
March 16, 2023

What Buyer Activity Tells Us About the Housing Market

 



Though the housing market is no longer experiencing the frenzy of a year ago, buyers are showing their interest in purchasing a home. According to U.S. News:

“Housing markets have cooled slightly, but demand hasn’t disappeared, and in many places remains strong largely due to the shortage of ...
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Posted in Market Updates
Feb. 21, 2023

The Two Big Issues the Housing Market’s Facing Right Now

 

The Two Big Issues the Housing Market’s Facing Right Now | MyKCM

The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply:

“Two dynamics are keeping existing-home inventory historically low – rate-locked existing homeowners and the fear of ...

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Posted in Market Updates
Feb. 17, 2023

The Spring Housing Market Could Be a Sweet Spot for Sellers [INFOGRAPHIC]

The Spring Housing Market Could Be a Sweet Spot for Sellers [INFOGRAPHIC]

The Spring Housing Market Could Be a Sweet Spot for Sellers [INFOGRAPHIC] | MyKCM

Some Highlights

  • The biggest challenge in the housing market is how few houses there are for sale compared to the number of people who want to buy.
  • The number of homes for sale is up from last year ...
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Posted in Market Updates
Feb. 16, 2023

Wondering What’s Going on with Home Prices?

 

Wondering What’s Going on with Home Prices? | MyKCM

The recent changes in home prices are top of mind for many as the housing market begins gearing up for spring. It can be hard to navigate misleading headlines and confusing data, so here’s what you should know about today’s home prices.

Local price trends still vary by market ...

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Posted in Market Updates
Feb. 9, 2023

Why Today’s Housing Market Isn’t Headed for a Crash

 

Why Today’s Housing Market Isn’t Headed for a Crash | MyKCM

67% of Americans say a housing market crash is imminent in the next three years. With all the talk in the media lately about shifts in the housing market, it makes sense why so many people feel this way. But there’s good news. Current data shows today’s market is ...

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Posted in Market Updates
Feb. 8, 2023

Number of Homes for Sale Up from Last Year, but Below Pre-Pandemic Years

 

Number of Homes for Sale Up from Last Year, but Below Pre-Pandemic Years | MyKCM

The biggest challenge in the housing market right now, and likely for years to come, is how few homes there are for sale compared to the number of people who want to buy. That’s why, if you’re thinking about selling your house, this is a great time to do ...

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Posted in Market Updates
Jan. 26, 2023

Why It Makes Sense To Move Before Spring

 

Why It Makes Sense To Move Before Spring | MyKCM

Spring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing it’s the best time to find a home. However, that isn’t always the case when you factor in the competition you could face with other buyers at that time ...

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Posted in Market Updates
Jan. 17, 2023

Think Twice Before Waiting for 3% Mortgage Rates

 

Think Twice Before Waiting for 3% Mortgage Rates | MyKCM

Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power ...

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Posted in Market Updates