KCM Blog

Posts tagged as:

Tax Credit

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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No Tax Credit. How Will You Wind Up?

May 3, 2010

BUYER DEMAND The big question in the real estate industry today is what happens now that the Homebuyer Tax Credit has expired. There are many theories around this issue. Some believe that the tax credit (along with other government programs) has created a stabilization in the housing market both in the number of sales and [...]

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Tax Credit Still Available for Troops!

April 30, 2010

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 conflict.  They preserve the freedoms the rest of us too often take for granted.  As a nation, there are too few times we properly [...]

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Who Cares If I Miss Out On The Tax Credit?

April 16, 2010

Many people who are looking to buy a home now NEED the Tax Credit to close a gap in their finances.  But not everyone feels that way. As the days tick away, I have started to hear some buyers already begin rationalizing why they have not yet gone to contract.  They say things like, “$8,000 [...]

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The Fed’s Report Card in Real Estate

March 30, 2010

“Alas, all the Fed’s purchases and all the government’s men can’t put the residential real estate market together again.” – from a column by Caroline Baum in Business Week In yesterday’s blog, I covered the reasons the administration’s new modification program could make sense. Today, I want to look at the other side of the [...]

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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 [...]

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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 [...]

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