KCM Blog

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Home Sales

It’s Not About Jobs If You Need To Sell Now

September 3, 2010

A message from Steve Harney: The short term fixes used to bolster the real estate market (the purchase of mortgage-backed-securities and homebuyer tax credits) proved to be just that: short term fixes. Everyone now seems to feel that the only true solutions to the challenges in housing are the creation of jobs and the increase [...]

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Everybody Calm Down. Armageddon Is NOT Upon Us!

August 26, 2010

CNBC report 9/2: “Pending sales of previously owned U.S. homes rose unexpectedly in July … suggesting a tax credit-related housing market decline was close to bottoming.”   ORIGINAL POST The new housing numbers have definitely been a major news story over the last 48 hours. The Dow dropped over 100 points on the announcement of July’s existing [...]

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The Existing Home Sales Report Is In. Ugh!

August 25, 2010

We want to begin by saying there were absolutely no surprises in this month’s National Association of Realtors Existing Home Sales Report. Experts were calling for a dramatic fall off in volume and a substantial increase in month’s supply of inventory. Everyone now realizes that the tax credit actually pulled more demand forward than it [...]

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The Impact Housing Inventory Has on Prices

August 23, 2010

We attempt to explain the current real estate market both simply and effectively. We either create or search for great visuals or graphs that do just that. We have been trying to help our readers realize that real estate is just like any other industry: pricing will be determined by the theory of ‘supply and [...]

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NAR Says It’s Now About Supply and Demand

August 20, 2010

We have been discussing home prices in this blog for over a year. The principle of ‘supply and demand’ has been our rallying cry for the entire duration. Pricing of any item is determined by the number of items for sale in ratio to the number of purchasers looking to buy that item. Here is [...]

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It’s the Economy, Stupid!

August 12, 2010

The original thinking was that the economy wouldn’t come back until there was a recovery in the housing market. It now seems that most experts are saying that there will be no recovery in the housing sector until our economy comes back. More specifically not until we begin creating jobs. But, when will that actually [...]

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The Last Dumb Reason Given Not to Buy a Home

July 14, 2010

We believe very strongly in the benefits of homeownership. Over the last few weeks, we have been addressing some of the more questionable reasons people have been giving for not buying a house.   Reason #1: Real Estate is no longer a good investment. Reason #2: Renters are happier than homeowners. Reason #3: Limited mobility is [...]

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Hope is No Longer A Good Strategy

July 6, 2010

There is no one that wants the housing market to recover more than I do. Over 50% of my investment portfolio is comprised of real estate. My job is to teach real estate professionals what is happening in the market and why it is happening. It would be a lot more fun if I could [...]

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Why is Real Estate So Confusing Today?

June 25, 2010

May Shows a Continued Strong Pace for Existing Home Sales -  National Association of Realtors (NAR) June Existing Home Sales Report headline Is May’s Home Sales Decline an Alarming Signal of What’s to Come? – headline of an article in Housing Wire Both of the above headlines appeared this past Wednesday. They seem to be [...]

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Job Creation: Only Solution for a Housing Recovery

June 21, 2010

The government has tried many stimulus programs to re-energize housing.  They attempted to kick-start demand by offering the First Time Home Buyers Tax Credit and they did have some success originally. They extended the program and added a provision for move-up buyers also. Even the government admits that the extension may not have increased demand [...]

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