Housing Market Updates from Danuta Bala

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 […]

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 […]

6 Simple Graphs Proving This Is Nothing Like Last Time

Last March, many involved in the residential housing industry feared the market would be crushed under the pressure of a once-in-a-lifetime pandemic. Instead, real estate had one of its best years ever. Home sales and prices were both up substantially over the year before. 2020 was so strong that many now fear the market’s exuberance […]

Home Is Where the Heart Is [INFOGRAPHIC]

Friday April 16th, 2021Thursday April 15th, 2021 KCM Crew

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Why This Is a Great Year to Sell Your Vacation Home

Thursday April 15th, 2021Wednesday April 14th, 2021 KCM Crew 4 Comments

As vaccines are administered and travel resumes, many of us are beginning to plan for those long-awaited vacations we missed out on over the past year. Some households are focusing their efforts on buying a vacation home rather than staying in a hotel, too. The National Association of Home Builders (NAHB) reports: (more…)

93% of Americans Believe a Home Is a Better Investment Than Stocks

Wednesday April 14th, 2021Tuesday April 13th, 2021 KCM Crew 6 Comments

A recent Survey of Consumer Finances study released by the Federal Reserve reveals the net worth of homeowners is forty times greater than that of renters. If you’re wondering if homeownership is a good investment, the study clearly answers that question, and the answer is yes. (more…)

Some Buyers Prefer Smaller Homes

Tuesday April 13th, 2021Monday April 12th, 2021 KCM Crew 4 Comments

Over the past year, we’ve had plenty of opportunities to reflect on what we consider most important in our lives. The place we call home is one of the biggest things many of us are reevaluating. George Ratiu, Senior Economist at realtor.com, shares: (more…)

4 Major Reasons Households in Forbearance Won’t Lose Their Homes to Foreclosure

Monday April 12th, 2021Monday April 12th, 2021 KCM Crew 5 Comments

There has been a lot of discussion as to what will happen once the 2.3 million households currently in forbearance no longer have the protection of the program. Some assume there could potentially be millions of foreclosures ready to hit the market. However, there are four reasons that won’t happen. (more…)

Multigenerational Housing Is Gaining Momentum [INFOGRAPHIC]

Friday April 9th, 2021Thursday April 8th, 2021 KCM Crew 4 Comments

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Homeownership Is Full of Financial Benefits

Thursday April 8th, 2021Wednesday April 7th, 2021 KCM Crew 4 Comments

A Fannie Mae survey recently revealed some of the most highly-rated benefits of homeownership, which continue to be key drivers in today’s power-packed housing market. Here are the top four financial benefits of owning a home according to consumer respondents: (more…)

Latest Jobs Report: What Does It Mean for You & the Housing Market?

Wednesday April 7th, 2021Tuesday April 6th, 2021 KCM Crew 4 Comments

Last Friday, the Bureau of Labor Statistics released a very encouraging jobs report. The economy gained 916,000 jobs in March – well above expert projections of 650,000 to 675,000. The unemployment rate fell again and is now at 6%. (more…)