KCM Blog

Posts tagged as:

Tax Credit

Built on Jenga Blocks, Home Prices Look Shaky

February 2, 2010

The Homebuyers’ Tax Credit, in many ways, has done exactly what it was suppose to do – stimulate the economy. Notice I didn’t say increase home ownership. The tax credit was never really about buyers. It was about keeping home values stable so the housing sector would not have another wave of foreclosures that would [...]

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What Happens When the Fed Exits the Market?

January 26, 2010

The Fed is scheduled to exit the housing market this spring. The Home Buyer Tax Credit ends on April 30, 2010 (the date the house must be in contract). The Fed has already announced that their program purchasing mortgage-backed securities will expire on March 31, 2010. Most anticipate a quick and dramatic rise in interest [...]

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How Interest Rates Affect Your Mortgage Payment

January 14, 2010

Yesterday, I posted on the fact that my son is in the process of buying a home. I gave my reasons for agreeing with his decision. However, some have questioned whether purchasing real estate at this time makes sense.
Let me give more support to the point that this is the best time to buy real [...]

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Why My Son Bought a House TODAY

January 13, 2010

My son received word today that the sellers of the house he loved accepted his purchase offer. Our whole family is very excited. Not just because he is taking the first step toward home ownership, but instead, because he is purchasing a home at the best time to buy residential property in American real estate [...]

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One more time: IT’S ABOUT SUPPLY AND DEMAND!

January 5, 2010

Coming into 2010, there are many people trying to decipher all the data that is being reported regarding the housing industry. The main goal is to try and bring clarity to a market that has been clouded with confusion for the last two years.
We must prevent ourselves from looking for a simple solution that will justify what [...]

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Real Estate 2010: New Year, Less Fear

December 31, 2009

“Fear always springs from ignorance.”
-Ralph Waldo Emerson
Unlike last year, we are better prepared for the challenges ahead of us.  Knowing how the market is moving will help us in the decisions we make.  Here are a few things to consider when making your move into the New Year:

Mortgaging Interest Rates – Rates remained at historic levels [...]

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Home Sales: UP…no wait…DOWN…no wait…

December 28, 2009

This past week there were two different housing reports released. The first was the National Association of Realtors’ ‘Existing-Home Sales Report’ and the other was the U.S. Census Bureau’s ‘New Construction Report’. The most confusing part of the news is how divergent the data on the reports was.
The Existing-Home Sales Report showed a month-over-month increase [...]

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Should You Be Afraid of Shadows?

December 22, 2009

The two most important factors whenever you price anything is the demand for that item and the current supply of that item. It is well known as the supply and demand curve. Real estate is no different.  So, as we are about to head into 2010, let’s look at the potential demand for residential housing [...]

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Creating Wealth through Real Estate: Moving On Up

December 10, 2009

Over the last couple of days, we have talked about real estate as an investment, financing costs (interest rates) and gave you reasons to buy now instead of waiting. It is important that we realize that this does not apply solely to the first time home buyer.
The opportunity that exists in real estate today is there [...]

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Mortgage and Tax Credit News

December 9, 2009

Hello KCM Community!
It is our pleasure to introduce to you veteran mortgage planner (and today’s guest blogger) Dean Hartman.  Yesterday we looked at interest rates and why buying now might be a good financial decision. Today, Dean will take us a few steps further and look at other reasons to move forward on the purchase of [...]

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