The KCM Blog

October 2010

Two Wrongs Don’t Make It Right

October 14, 2010

Here is guest blogger Dean Hartman’s strong opinion on the current foreclosure mess. – The KCM Crew This is just my less-than-humble opinion, intended to spark some dialogue. A common scenario: People default on their mortgage (that’s wrong) and the bank is compelled to foreclose to protect the interests of their shareholders. During the process [...]

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Should I Wait for Jobs To Return Before Selling?

October 13, 2010

We constantly hear that the real estate market will not recover until the job market does. That definitely makes sense. It would be difficult to commit to making a monthly mortgage payment without knowing you have a paycheck coming. The big question is whether you should wait for the employment situation to get better before [...]

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The New Foreclosure Mess: What It Means To You

October 12, 2010

Last week, we reported on the beginnings of the mess the banks created by using ‘robo-signers’ to fast track foreclosure filings. We detailed the challenge and said that “the process of foreclosing may grind to a screeching halt”. And, it has. Bank of America has announced that it has halted foreclosures in all fifty states. [...]

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Where to Rent and Where to Buy

October 11, 2010

10/11– Here is Forbes’ take on both Zillow and Trulia’s Rent vs Buy calculations. (h/t Cliff Freeman)   ORIGINAL POST We have done many posts on the benefits of homeownership believing that owning a home remains a major piece of the American Dream. We have also posted on the pure financial benefits of purchasing a home. [...]

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Luxury Real Estate Market Gaining Momentum

October 8, 2010

The news about the housing market still seems to be dominated by stories of pending disaster. Headlines report that some believe that there is a 25% chance of a ‘double-dip’ in home prices. We can understand the concern. The last Existing Home Sales Report by the National Association of Realtors (NAR) showed that sales were [...]

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Your Home Is An Investment. Treating It Like One?

October 7, 2010

There is a pendulum when we look at real estate. On one side is Real Estate as an Investment. On the other is Real Estate as a Home – a place to raise a family, have the pride of homeownership, etc. In the house price frenzy of a few years ago, people looked at their [...]

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