Confused About What’s Going on in the Housing Market? Lean on a Professional.

Confused About What’s Going on in the Housing Market? Lean on a Professional. | MyKCM

If you’re thinking about buying or selling a home, you probably want to know what’s really happening with home prices, mortgage rates, housing supply, and more. That’s not an easy task considering how sensationalized headlines are today. Jay Thompson, Real Estate Industry Consultant, explains:

“Housing market headlines are everywhere. Many are quite sensational, ending with exclamation points or predicting impending doom for the industry. Clickbait, the sensationalizing of headlines and content, has been an issue since the dawn of the internet, and housing news is not immune to it.

Unfortunately, when information in the media isn’t clear, it can generate a…

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509 Dashland Drive, Fayetteville, NC

         

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$211000

   
       3bed - 2bath -     
   

VISIT THIS BEAUTIFUL BRICK HOME AND FALL IN LOVE WITH THE FLOOR PLAN. HOME FEATURES GORGEOUS HARD WOODS THROUGH OUT. GRANITE COUNTERS AND PLENTY OF COUNTER SPACE IN THE KITCHEN. STAINLESS STEAL APPLIANCES. GREATROOM HAS FIREPLACE AND EXTRA STORAGE AREA. MASTER SUITE FEATURES NICE SIZE GLAMOUR BATHROOM DOUBLE VANITY, LARGE UPDATED TUB PLUS WALK-IN CLOSET. 2 NICE SIZE BEDROOMS AND GUEST…

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Financial Fundamentals for First-Time Homebuyers

Financial Fundamentals for First-Time Homebuyers | MyKCM

Are you prepping to buy your first home? If so, one of the steps you should take early on is making sure you’re financially ready for your purchase. Here are just a few of the financial fundamentals you’ll need to focus on as you set out to buy a home.

Build Your Credit

Your credit is one element that helps determine which home loan you’ll qualify for. It also impacts your mortgage interest rate. While there are many factors that go into your mortgage application, a higher credit score could lead to a lower monthly payment in the long run.

So how do you make sure your credit is in the best shape possible when it’s time to buy? A recent article from NerdWallet lists a few tips you can use…

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36 Spruce Hollow Circle, Spring Lake, NC

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$350000

   

       4bed - 2.5bath -     

           

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Stunning Immaculate two story 4 bedroom,3 bath home. Separate finished bonus room is 4th bedroom. Home is located in beautiful wooded Anderson Creek Golf Community. Incredible Master suite on 2nd story. Exquisite gourmet kitchen features granite counters, Island, stainless steel appliances, range, dishwasher and upgraded cabinets. Large windows will give you all the natural light you desire. 1st floor offers open floor plan with nice…

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What Makes a House a Home?

What Makes a House a Home? | MyKCM

There’s no denying the long-term financial benefits of owning a home, but today’s housing market may have you wondering if now’s still the time to buy. While the financial aspects of buying a home are important, the non-financial and emotional reasons are too.

Home means something different to all of us. Whether it’s sharing memories with loved ones at the kitchen table or settling in to read a book in a favorite chair, the emotional connections to our homes can be just as important as the financial ones. Here are some of the things that make a house a home.

1. You Can Be Proud of Your Accomplishment

Buying a home is a major life milestone. Whether you’re setting out to buy your first home or your fifth,…

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Welcome home!! Don't Walk, run to this beautifully renovated 1920 ranch style home. This home boasts newly installed LVP flooring, Beautiful hardwood floors that have been refinished in both bedrooms, living room and dining room. This home has great natural light and storage throughout! Wonderful historic features through-out home. Kitchen has been updated with new granite counter, new backsplash, and wonderful accent pieces. Enjoy the large rocking chair updated front porch and back screen porch. Storage shed in fenced back yard. Shopping and downtown community next door. This property will not last long!

                                                   

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Mortgage Rates Are Dropping. What Does That Mean for You?

Mortgage Rates Are Dropping. What Does That Mean for You? | MyKCM

Mortgage rates have been a hot topic in the housing market over the past 12 months. Compared to the beginning of 2022, rates have risen dramatically. Now they’re dropping, and that has to do with everything happening in the economy.

Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), explains it well by saying:

Mortgage rates dropped even further this week as two main factors affecting today's mortgage market became more favorable. Inflation continued to ease while the Federal Reserve switched to a smaller interest rate hike. As a result, according to Freddie Mac, the 30-year fixed mortgage rate fell to 6.31% from 6.33%…

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2023 Housing Market Forecast [INFOGRAPHIC] | MyKCM



Some Highlights

  • From home sales to prices, the 2023 housing market will be defined by mortgage rates. And where rates go depends on what happens with inflation.
  • If you’re thinking of buying or selling a home this year, let’s connect so you understand where the housing market is headed in 2023.

Sources:

  • realtor.com
  • Home Price Expectations Survey (HPES)
  • National Association of Realtors (NAR)
  • Mortgage Bankers Association (MBA)
  • Fannie Mae
  • Freddie Mac
  • Zelman & Associates
  • Greg McBride, Chief Financial Analyst, Bankrate

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