The KCM Blog

November 2009

Today's Talking Point 11/11/09

November 11, 2009

Supply and Demand What will happen in the real estate market over the next six months? I believe the quote below does a great job of explaining it. From the Zillow News Release Issued: November 9, 2009: “The next several months will be critical to the housing market. Previously, we’d been expecting to see increasing [...]

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Today's Talking Point 11/10/09

November 10, 2009

High End Foreclosures Starting to Mount From an article on SF GATE: In upscale communities such as Los Altos, Greenbrae and Alamo, where median prices top $1 million, about twice as many households received default notices from January to September as in the same period in 2008, according to recorders’ office data compiled by MDA [...]

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Today's Talking Point 11/09/09

November 9, 2009

What is the definition of ‘Accumulation’ rate? ‘Accumulation’ rate talks to the point of future inventory coming to the market. An example of this is Zillow ‘s recent report suggesting an additional 7 million homeowners are ‘very likely’ to put their homes up for sale if they see the market getting better. Another example is [...]

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'7 Step Action Plan' for tax credit extension and expansion

November 7, 2009

Step #1 – Contact anyone who might have given up. Originally, there was a lot of speculation that there would be no extension granted. That caused some buyers to stop looking (especially in regions where closings take longer). We must immediately reconnect with this group. Share

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Today's Talking Point 11/06/09

November 6, 2009

Why are we working so hard? “It is estimated that 10% of all the homeless in this country are the direct result of a foreclosure.” – The Wall Street Journal “While current national data are not available, the number of schoolchildren in homeless families appears to have risen by 75 percent to 100 percent in [...]

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Strategic Defaults

November 5, 2009

For the last few months, I have been discussing that more and more homeowners are actually ‘strategically’ defaulting on their mortgages. By that I mean that some homeowners that have the financilal capability to pay mortgage have just decided not to. Share

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