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    Monthly Archives: March 2021

    • Is Homeownership Still Considered Part of the American Dream?

      Is Homeownership Still Considered Part of the American Dream?

      Since the birth of our nation, homeownership has always been considered a major piece of the American Dream. As Frederick Peters reports in Forbes: “The idea of a place of one’s own drives the American story. We became a nation out of a desire to slip the bonds of Europe, which was still in many […]
      Written by KCM Crew
    • How a Change in Mortgage Rate Impacts Your Homebuying Budget

      How a Change in Mortgage Rate Impacts Your Homebuying Budget

      Mortgage rates are on the rise this year, but they’re still incredibly low compared to the historic average. However, anytime there’s a change in the mortgage rate, it affects what you can afford to borrow when you’re buying a home. As Sam Khater, Chief Economist at Freddie Mac, shares: “Since January, mortgage rates have increased […]
      Written by KCM Crew
    • What It Means To Be in a Sellers’ Market

      What It Means To Be in a Sellers’ Market

      If you’ve given even a casual thought to selling your house in the near future, this is the time to really think seriously about making a move. Here’s why this season is the ultimate sellers’ market and the optimal time to make sure your house is available for buyers who are looking for homes to […]
      Written by KCM Crew
    • 2021 Real Estate Myth Buster [INFOGRAPHIC]

      2021 Real Estate Myth Buster [INFOGRAPHIC]

      Some Highlights There are a lot of misconceptions about buying or selling a home today, making it challenging to know exactly how to navigate the current real estate landscape. Here’s a little clarity when it comes to 5 common myths about the 2021 h...
      Written by KCM Crew
    • Buyer & Seller Perks in Today’s Housing Market

      Buyer & Seller Perks in Today’s Housing Market

      Right now, the housing market is full of outstanding opportunities for both buyers and sellers. Whether you’re thinking of buying your first home, moving up to a bigger one, or selling so you can downsize this spring, there are perks today that are powering big moves for people across the country. Here are the top two to […]
      Written by KCM Crew
    • Why You Should Think About Listing Prices Like an Auction’s Reserve Price

      Why You Should Think About Listing Prices Like an Auction’s Reserve Price

      For generations, the homebuying process never really changed. The seller would try to estimate the market value of the home and tack on a little extra to give themselves some negotiating room. That figure would become the listing price of the house. Buyers would then try to determine how much less than the full price […]
      Written by KCM Crew
    • Should We Fear the Surge in Cash-Out Refinances?

      Should We Fear the Surge in Cash-Out Refinances?

      Freddie Mac recently released their Quarterly Refinance Statistics report which covers refinances through 2020. The report explains that the dollar amount of cash-out refinances was greater in 2020 than in recent years. A cash-out refinance, as defined by Investopia, is: “a mortgage refinancing option in which an old mortgage is replaced for a new one […]
      Written by KCM Crew
    • What Credit Score Do You Need for a Mortgage?

      What Credit Score Do You Need for a Mortgage?

      According to data from the most recent Origination Insight Report by Ellie Mae, the average FICO® score on closed loans reached 753 in February. As lending standards have tightened recently, many are concerned over whether or not their credit score is strong enough to qualify for a mortgage. While stricter lending standards could be a challenge for […]
      Written by KCM Crew
    • Americans See Major Home Equity Gains [INFOGRAPHIC]

      Americans See Major Home Equity Gains [INFOGRAPHIC]

      Some Highlights Today’s home price appreciation is driving equity higher throughout the country. If your needs are changing and you’re ready for a new home, your equity may be a great asset to power your next move. Now is a great time to put your eq...
      Written by KCM Crew
    • To Renovate or Not To Renovate Before You Sell

      To Renovate or Not To Renovate Before You Sell

      When thinking about selling, homeowners often feel they need to get their house ready with some remodeling to make it more appealing to buyers. However, with so many buyers competing for available homes right now, renovations may not be as vital as they would be in a more normal market. Here are two things to […]
      Written by KCM Crew