KCM Blog

From the monthly archives:

May 2010

Thank You for Allowing Us To Live in Freedom

May 29, 2010

This is a re-post of a Dean Hartman blog from last month which we thought was appropriate this holiday weekend. – The KCM Crew Thank God For Those Who Have Served! We all owe a debt of gratitude to the men and women who have served this country in times of peace and times of [...]

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My Son, His New Home, and What It Means

May 28, 2010

Every week we try to help you put an accurate value on housing in today’s real estate market. We give you all the charts, report on all the surveys, and quote every housing expert willing to talk on the subject. And we are still not 100% sure what prices should be. At best, we can [...]

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Why Are Interest Rates Going Down?

May 27, 2010

For months the alleged experts (including me) espoused the logic that after the Fed exited the Mortgage Backed Securities Purchase Program on March 31, interest rates would move up.  But here we sit, 60 days later, and rates are at their lowest point of the year.  What’s up with that? Let’s start with some general [...]

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5 Experts Shine Light on April Housing Numbers

May 26, 2010

It is our mission on this blog to give you the factual data behind the current housing headlines. We ask Steve Harney to give his insights in an attempt to bring clarity to what (at times) seems to be conflicting information, and there are moments where we reach out to industry specialists in order to provide [...]

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Sales Skyrocketed! So Why Is Supply INCREASING?

May 25, 2010

There was great news reported yesterday by the National Association of Realtors (NAR). The Existing Homes Sales Report showed a 7.6% increase in sales over last month and a whopping 22.8% increase over April 2009. This is fantastic news as it proves the tax credit, which expired at the end of April, did increase sales [...]

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The Experts Look at Home Prices in 2010

May 24, 2010

Trying to determine where home prices will be at the end of the year is no easy task. MacroMarkets surveyed 92 economists and other housing analysts as to where they see home values as measured by the S&P/Case-Shiller national index. MacroMarkets, LLC is a company co-founded by Professor Robert Shiller who also founded the well [...]

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Supply and Demand Post Tax Credit

May 21, 2010

The big question in real estate is what will happen now that the Homebuyers Tax Credit has expired. Did the tax credit kick-start a housing recovery? Would the momentum continue throughout the year? Any market is determined by the supply and demand for the product involved. Today we want to look at those two items as the [...]

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Today’s Lending Environment: Calling Oliver Stone!

May 20, 2010

Movie director Oliver Stone is often tagged as someone who sees conspiracies in everything. I just wonder how he would see the evolving lending environment… For the most part, this blog is intended to inform home buyers and sellers, as well as real estate agents and mortgage professionals, as to market conditions and how they [...]

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No Miracles in Modification Program

May 19, 2010

The Home Affordable Modification Program (HAMP) is the administration’s hope for troubled homeowners trying to avoid foreclosure by modifying their current mortgage payments. The original release said the program was: …aimed at helping 3 to 4 million at-risk homeowners – both those who are in default and those who are at imminent risk of default [...]

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It’s Not About Foreclosures. It’s About Pricing!

May 18, 2010

Many of our readers question why I spend as much time as I do on the foreclosure situation in the country. I want everyone to know that it is NOT an obsession with depressing news. I strongly believe that the wave of distressed properties (foreclosures and short sales) coming to market will dramatically impact house [...]

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