The KCM Blog

December 2010

Negative Equity: Not Good But Improving

December 15, 2010

Back in October, we posted that falling home prices would drive more homeowners into a negative equity situation where their home was worth less than the amount of their mortgage (also known as the house being ‘under water’ or ‘upside down’). If a homeowner falls further into negative equity, it increases the chances that they [...]

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Are Homes Actually UNDERVALUED?

December 14, 2010

We have been barraged with headlines and news stories telling us that home values will continue to soften for the next several quarters. Some experts are predicting that today’s values will drop and not be seen again until the middle of 2012 at the earliest. We concur with these estimates based on the current demand [...]

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Demand for Housing Will Increase in 2011

December 13, 2010

The last Pending Home Sales Index from the National Association of Realtors (NAR) showed a substantial 10.4% month-over-month increase. According to NAR the index measures: housing contract activity. It is based on signed real estate contracts for existing single-family homes, condos and co-ops. A signed contract is not counted as a sale until the transaction closes. [...]

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Impact of Rising Rates When Buying a Home

December 10, 2010

There has been much volatility in the 30 year mortgage rate over the last few weeks. According to Freddie Mac, rates have soared almost a half of a percent in just the last four weeks and now are as high as they have been in the last six months. Frank Nothaft, vice president and chief economist of Freddie Mac, [...]

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Insider Secrets To An Optimal Credit Score

December 9, 2010

As you prepare to apply for credit (like a home mortgage) understand that it is significantly better to have your best possible credit profile BEFORE applying.  Working to improve your score during the mortgage process can be done, but there are two problems.  One, time to clear up items can become an obstacle when compared [...]

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Forbes: Housing Had a Superb Decade

December 8, 2010

Has real estate been a good investment over the last decade? Many people would be quick to answer ‘no’ to that question. However, they would be wrong. Real estate prices in this past decade have appreciated nicely despite the challenges over the last four years. Forbes.com reported on this issue two days ago: With all [...]

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