Summer is the New Spring for Real Estate [INFOGRAPHIC]

Friday June 12th, 2020Wednesday June 10th, 2020 The KCM Crew 4 Comments

Are You Ready for the Summer Housing Market?

Thursday June 11th, 2020Wednesday June 10th, 2020 The KCM Crew 3 Comments

As the health crisis started making its way throughout our country earlier this spring, sellers have been cautious about putting their homes on the market. This hesitation stemmed primarily from fear of the spread of the coronavirus, and understandably so. This abundant caution has greatly impacted the number of homes for sale and slowed the pace of a typically busy spring real estate season. Mark Fleming, Chief Economist at First American notes: (more…)

Is a Recession Here? Yes. Does that Mean a Housing Crash? No.

Wednesday June 10th, 2020Thursday June 18th, 2020 The KCM Crew 5 Comments

On Monday, the National Bureau of Economic Research (NBER) announced that the U.S. economy is officially in a recession. This did not come as a surprise to many, as the Bureau defines a recession this way: (more…)

Real Estate Will Lead the Economic Recovery

Tuesday June 9th, 2020Monday June 8th, 2020 KCM Crew 5 Comments

With more U.S. states reopening for business this summer, and as people start to return to work, we can expect the economy to begin improving. Most expert forecasts indicate this economic recovery will start to happen in the second half of this year. As we get back to work and the financial landscape of the country begins to turn around, many experts also agree that real estate has the potential to lead the way in the recovery process. (more…)

The Shocking News in the Unemployment Report

Monday June 8th, 2020Monday June 8th, 2020 The KCM Crew 8 Comments

Last Friday, the U.S. Bureau of Labor Statistics released their May Employment Situation Summary. Leading up to the release, most experts predicted the unemployment rate would jump up to approximately 20% from the 14.7% rate announced last month. (more…)

Three Things to Understand About Unemployment Statistics

Thursday June 4th, 2020Wednesday June 3rd, 2020 The KCM Crew 5 Comments

Tomorrow morning the Bureau of Labor Statistics will release the latest Employment Situation Summary, which will include the most current unemployment rate. It will be a horrific number. Many analysts believe unemployment could be greater than 20%. These numbers represent families across the nation that are not sure when (or if) they will return to work. The emotional impact on these households is devastating. (more…)

Is it Time to Sell Your Vacation Home?

Wednesday June 3rd, 2020Thursday June 18th, 2020 The KCM Crew 4 Comments

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. (more…)

Home Prices: It’s All About Supply and Demand

Tuesday June 2nd, 2020Monday June 1st, 2020 The KCM Crew 5 Comments

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. (more…)