KCM Blog

Posts tagged as:

Upper End

What is Today’s Luxury Buyer Thinking?

March 9, 2010

Whenever you are selling anything, it helps to have an idea what your customer is thinking. I had the opportunity to attend a session at the Luxury Portfolio Summit in Las Vegas which covered the findings of the Survey of Affluence and Wealth in America 2010 produced by American Express Publishing and the Harrison Group. [...]

Read full article →

Upper End Foreclosures Stacking Up

February 12, 2010

Last month I posted Are Foreclosures Coming to the Luxury Market? Well apparently they are.
In an article from Housing Wire, Fitch Ratings reported on jumbo mortgages (where the initial principal amount is above the $417,000 conventional loan limit set by Fannie Mae and Freddie Mac. In higher-priced markets the limit is $729,750):
The new year has [...]

Read full article →

Delinquencies: Roadblock to a Housing Recovery?

January 20, 2010

The current economy has devastated the finances of so many families in every income bracket and in almost every neighborhood in this country. More and more people are falling further and further behind in their mortgage payments. In the past people would take a second job or borrow money from family to catch up. Today, [...]

Read full article →

Are Foreclosures Coming to the Luxury Market?

January 12, 2010

There is no doubt that prices in the lower end of the market have fallen rather dramatically over the last several years. Much of this loss in equity occurred as people were unable to pay their mortgages, and the homes went to foreclosure. Many were quick to dismiss this dilemma as the result of questionable [...]

Read full article →

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 [...]

Read full article →

OMG! Is that a Luxury Home Buyer I See?

December 29, 2009

Yesterday, we reported on the differences between two major housing reports that were released last week. Today, I want to comment on something both reports had in common but has been vastly under-reported: the sudden increase in sales of luxury homes.
The past several months have shown a tremendous uptick in buyer activity. And, though the [...]

Read full article →

The million $ short sale has arrived!

December 18, 2009

During the past week, this blog has concentrated on short sales and mortgage information you could use if you decided to buy a distressed property. It is important that we realize that short sales will be prominent in every market and AT EVERY PRICEPOINT!!
Yesterday, Bloomberg posted an article regarding homeowners doing short sales on their million dollar homes. Below [...]

Read full article →