Brad's Market Updates

Nov. 18, 2020

Chances of Another Foreclosure Crisis? About Zero Percent.

Chances of Another Foreclosure Crisis? “About Zero Percent.”

Chances of Another Foreclosure Crisis? “About Zero Percent.” | MyKCM

There seems to be some concern that the 2020 economic downturn will lead to another foreclosure crisis like the one we experienced after the housing crash a little over a decade ago. However, there’s one major difference this time: a ...

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Nov. 16, 2020

Demand for Homes Up 36%: Rents up 17% Since April

For Buyers: The Rent vs. Buy scenario has become heavily in favor of buying over the last 5 months.  Eviction moratoriums due to the pandemic have greatly reduced turnover rates in a rental market that is already short of supply.  Lease rates on listings through the Arizona Regional ...

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Nov. 5, 2020

Home Sales Up 20% from October 2019

Active Listings Down 40%, Yet Sales Up From   October 2019

 

Here are the basics - the ARMLS numbers for November 1, 2020, compared with November 1, 2019, for all areas & types:

 

 

* Active Listings (excluding UCB & CCBS): 8,682 versus 14,525 last year - down 40.2 ...

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Oct. 26, 2020

Equity can help a homeowner grow their confidence in a more stable financial future.

Two Important Impacts of Home Equity

Two Important Impacts of Home Equity | MyKCM

Equity continues to rise, helping American homeowners secure a much more stable financial future. According to the most recent data from CoreLogic, the average homeowner gained $9,800 in equity over the past year. In addition, experts project 2020 home prices to continue rising ...

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Oct. 20, 2020

Americans Are Gaining Confidence in the Economy

Americans Are Gaining Confidence in the Economy

Americans Are Gaining Confidence in the Economy | MyKCM

The September Jobs Report issued by the Bureau of Labor Statistics reported that the unemployment rate dropped to 7.9%. Though that percentage is well below what experts projected earlier this year, it still means millions of people are without work. There’s no ...

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Oct. 7, 2020

To learn how you can use your monthly housing cost to build your family's net worth, let's connect so you have a trusted professional to guide you through the home buying process.

A Homeowner’s Net Worth Is 40x Greater Than a Renter’s

A Homeowner’s Net Worth Is 40x Greater Than a Renter’s | MyKCM

One of the best ways to build your family’s financial future is through homeownership. Recent data from the Federal Reserve indicates the net worth of a homeowner is actually over 40 times greater than that of a renter. Maybe it’s ...

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Oct. 2, 2020

If you’re ready to sell your house and begin looking for your dream home, let’s connect to plan how your equity can make that possible.

Rising Home Equity Can Power Your Next Move [INFOGRAPHIC]

Rising Home Equity Can Power Your Next Move [INFOGRAPHIC] | MyKCM

Some Highlights

  • According to CoreLogic, homeowners across the country are gaining significant equity.
  • Over the past year, the average homeowner gained $9,800 in equity, growing their overall net worth.
  • If you’re ready to sell your house and begin looking for ...
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Sept. 28, 2020

Housing Market on Track to Beat Last Year’s Success

Housing Market on Track to Beat Last Year’s Success

Housing Market on Track to Beat Last Year’s Success | MyKCM

Back in March, as the nation’s economy was shut down because of the coronavirus, many were predicting the real estate market would face a major collapse. Some forecasts called for a 15-20% decline in transactions. However, six months later, it seems ...

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Sept. 24, 2020

Wow! 17% Spike in Contracts over $600K in August 2020

For Buyers:

The first few weeks of August saw a surprising 17% spike in listings under contract over $600K. This is highly unusual as typically contract activity declines in the 2nd half of the year, especially on the high end; but this is the year 2020 and it’s been full ...

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Sept. 23, 2020

Home Builder Confidence Hits All-Time Record

Home Builder Confidence Hits All-Time Record

Home Builder Confidence Hits All-Time Record | MyKCM

Last week, the National Association of Home Builders (NAHB) reported their Housing Market Index (HMI) hit an all-time high in the 35-year history of the series with a score of 83. The index gauges builder perceptions of current single-family home sales and ...

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