Keeping Current Matters helps real estate agents become trusted advisors with curated market insights and educational content. If you're a real estate professional who wants to stay up-to-date on ... Keeping Current Matters Launches KCM Local, Provides Localized Housing Market Data Down to Zip Code. Keeping Current Matters Selected as 2023 HousingWire Tech100 Real Estate Honoree. Keeping Current Matters Joins …Here are four key reasons why today is nothing like the last time. 1. Houses Are Not Unaffordable Like They Were During the Housing Boom. The affordability formula has three components: the price of the home, wages earned by the purchaser, and the mortgage rate available at the time.Step 3: Presenting the PEAR. The key to delivering the PEAR is that it’s in person. This isn’t something you’re just emailing out. It’s part of your listing presentation….but can be done without the formal “I’m selling” precedent. Ideally, a PEAR presentation is done in the home. If it’s a former client, you can pitch it on ...They include: Tracking your credit and disputing any errors that show up on your reports. Paying your bills on time. This includes making loan payments and paying down any open lines of credit. Keeping your credit card balances low. Paying more than your minimum monthly balance when you’re able can help.a podcast by Keeping Current Matters A podcast bringing you the latest housing market insights & business strategies from top agents and experts Every day the housing market changes, often bringing along new challenges with it.Jan 3, 2024 · As an article from the National Association of Realtors (NAR) says: “Mortgage rates likely have peaked and are now falling from their recent high of nearly 8%. . . . This likely will improve housing affordability and entice more home buyers to return to the market . . .”. No one can say with absolute certainty where mortgage rates will go ... Steve Harney, Founder of Keeping Current Matters and Visionary Leader in Real Estate, Has Passed Away Read more → March 8, 2024 / 0 … Keep current on news and insights of the national housing market with articles from the most shared content in real estate. Share a branded version of the KCM blog, complete with your name & contact info Today, inflation is at a 40-year high. According to the National Association of Home Builders (NAHB): “Consumer prices accelerated again in May as shelter, energy and food prices continued to surge at the fastest pace in decades. This marked the third straight month for inflation above an 8% rate and was the largest year-over-year gain since ...And the 2022 National Housing Forecast from realtor.com projects prices for vacant units will continue to increase this year: “In 2022, we expect this trend will continue and fuel rent growth. At a national level, we forecast rent growth of 7.1% in the next 12 months, somewhat ahead of home price growth . . .”.Here are four key reasons why today is nothing like the last time. 1. Houses Are Not Unaffordable Like They Were During the Housing Boom. The affordability formula has three components: the price of the home, wages earned by the purchaser, and the mortgage rate available at the time.Apr 24, 2023 · Freddie Mac explains it like this: “A pre-approval is an indication from your lender that they are willing to lend you a certain amount of money to buy your future home. . . . Keep in mind that the loan amount in the pre-approval letter is the lender’s maximum offer. Ultimately, you should only borrow an amount you are comfortable repaying.”. 1. SEARCH BY MARKET. Create your custom search by selecting any county, city, or zip code to access local market data from anywhere in the United States. 2. COMPARE NATIONAL TRENDS. Combine your local perspective with national comparisons on visuals for 10 data points that give you the full picture – all in one place. 3. In this video, Alexis, one of KCM's Member Support Specialists, walks through the KCM member area, and provides examples of how to use the KCM membership.Vis...Jan 10, 2024 · Do Discuss Changes with Your Lender. Be upfront about any changes that occur or you’re expecting to occur when talking with your lender. Blips in income, assets, or credit should be reviewed and executed in a way that ensures your home loan can still be approved. If your job or employment status has changed recently, share that with your ... As an article from the National Association of Realtors (NAR) says: “Mortgage rates likely have peaked and are now falling from their recent high of nearly 8%. . . . This likely will improve housing affordability and entice more home buyers to return to the market . . .”. No one can say with absolute certainty where mortgage rates will go ...Feb 17, 2022 · Here are four key reasons why today is nothing like the last time. 1. Houses Are Not Unaffordable Like They Were During the Housing Boom. The affordability formula has three components: the price of the home, wages earned by the purchaser, and the mortgage rate available at the time. Oct 26, 2022 · The graph below uses Mortgage Credit Availability Index (MCAI) data from the Mortgage Bankers Association (MBA) to help tell this story. In that index, the higher the number, the easier it is to get a mortgage. The lower the number, the harder it is. In the latest report, the index fell by 5.4%, indicating standards are tightening. Freddie Mac defines the process like this: “A pre-approval is an indication from your lender that they are willing to lend you a certain amount of money to buy your future home. The lender you work with will provide you with a pre-approval letter, which is an official document that states the maximum amount they are willing to lend you, . . .”.Apr 17, 2023 · But that’s not the best strategy. A recent survey from Zonda shows 53% of millennials are still renting right now because they’re waiting for home prices to come down. But here’s the thing: the most recent data shows that home prices appear to have bottomed out and are now on the rise again. Selma Hepp, Chief Economist at CoreLogic, reports: Nov 30, 2022 · A recent report from ATTOM Data explains it by going even deeper into the numbers: “Only about 214,800 homeowners were facing possible foreclosure in the second quarter of 2022, or just four-tenths of one percent of the 58.2 million outstanding mortgages in the U.S. Of those facing foreclosure, about 195,400, or 91 percent, had at least some ... Discover Keeping Current Matters Working Coupon Code - "pricing20" If you're searching for outstanding savings at Keeping Current Matters, the coupon code "pricing20" is your key to unlocking exceptional discounts. Known for offering a consistent 20% off, this code is a favorite among cost-conscious consumers.In today’s housing market, there are two main affordability challenges impacting buyers: mortgage rates that are higher than they’ve been the past couple of years, and rising home prices caused by low inventory. August 17, 2023 by KCM CREW. For Buyers, For Sellers, Infographics, Pricing, Interest Rates, Housing Market Updates.The kitchen and bathrooms are focal points for many buyers, and often influence their overall opinion of the house. Ensure these spaces dazzle by giving them a thorough deep cleaning. Pay attention to details like scrubbing grout lines, polishing fixtures, and decluttering countertops. A sparkling kitchen and bathroom can leave a lasting ...According to the latest Homeowner Equity Insights from CoreLogic, the average homeowner’s equity has grown by $64,000 over the last 12 months. While that’s the nationwide number, if you want to know what’s happening in your area, look at the map below. It breaks down the average year-over-year equity growth for each state using the …Because of this, the Fed decided to increase the Federal Funds Rate again last week. As Jerome Powell, Chairman of the Fed, says: “We remain committed to bringing inflation back to our 2 percent goal and to keeping longer-term inflation expectations well anchored.”. Greg McBride, Senior VP, and Chief Financial Analyst at Bankrate, explains ...Feb 12, 2024 · It’s just how they work. So, you shouldn’t focus too much on the small, daily changes. Instead, to really understand the overall trend, zoom out and look at the big picture. When you look at the highest point (October) compared to where rates are now, you can see they’ve come down compared to last year. And if you’re looking to buy a ... Keeping Current Matters Blog. Contact Your KCM Support Team. Chat with us live: (631) 593-5700; Email us: [email protected]; Your KCM Resources. ... Nov 30, 2022 · A recent report from ATTOM Data explains it by going even deeper into the numbers: “Only about 214,800 homeowners were facing possible foreclosure in the second quarter of 2022, or just four-tenths of one percent of the 58.2 million outstanding mortgages in the U.S. Of those facing foreclosure, about 195,400, or 91 percent, had at least some ... According to the latest Homeowner Equity Insights from CoreLogic, the average homeowner’s equity has grown by $64,000 over the last 12 months. While that’s the nationwide number, if you want to know what’s happening in your area, look at the map below. It breaks down the average year-over-year equity growth for each state using the …Mar 8, 2024 · Keeping Current Matters Launches KCM Local, Provides Localized Housing Market Data Down to Zip Code Keeping Current Matters Selected as 2023 HousingWire Tech100 Real Estate Honoree Keeping Current Matters Joins Tom Ferry’s 2023 Roadmap Tour for Agents According to Black Knight: “In total, mortgage holders gained $2.8 trillion in tappable equity over the past 12 months – a 34% increase that equates to more than $207,000 in equity available per borrower. . . .”. With the average home equity now standing at $207,000, homeowners are in a completely different position this time.Email. Password. Sign in with. Forgot password? | Not Yet a Member? We create content and tools that help real estate agents position themselves as market …It shows supply this year has surpassed 2021 levels by over 30%. But the further back you look, the more you’ll understand the big picture. Compared to 2020, we’re just barely above the level of inventory we saw then. And if you go all the way back to 2019, the last normal year in real estate, we’re roughly 40% below the housing supply we ...In this video, Alexis, one of KCM's Member Support Specialists, walks through the KCM member area, and provides examples of how to use the KCM membership.Vis...They include: Tracking your credit and disputing any errors that show up on your reports. Paying your bills on time. This includes making loan payments and paying down any open lines of credit. Keeping your credit card balances low. Paying more than your minimum monthly balance when you’re able can help.8720 Stony Point Pkwy Suite 400 Richmond, VA 23235 (631) 787-6200 Email KCMThe ShowingTime Showing Index is a measure of how frequently buyers are touring homes. The graph below uses that index to show buyer activity over the past eight Octobers: In the graph, the ‘unicorn’ years are shown in pink. You can see demand has dipped some since then.3 Keys To Hitting Your Homeownership Goals in 2024. If buying or selling a home is your goal for 2024, it’s important to understand today’s housing market, know your why, and work with industry experts to bring your homeownership vision for the new year into focus. January 1, 2024 by KCM CREW. For Sellers, Infographics, Selling Myths.Today, unsold inventory sits at just a 3.2-months’ supply at the current sales pace, which is significantly lower than the last time. There just isn’t enough inventory on the market for home prices to come …Mortgage Rates Will Come Down, It’s Just a Matter of Time. Rising mortgage rates defined the 2022 housing market, and it’s no surprise why. This year saw the largest increase in mortgage rates in over 20 years, sidelining many potential homebuyers. Today, interest rates have shown signs of moderating, and as inflation concerns ease, experts ... Social Graphics from KCM provides you with thumb-stopping graphics to fill your social media feeds, answer your clients’ biggest questions, and position you as the trusted expert. Leading agents now have a simple and consistent way to grow their following, build relationships, and turn leads into clients. Plus, with an Automatic Posting ... Think Twice Before Waiting for 3% Mortgage Rates. Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and …That’s because the market is less active in January and February since fewer people move in the cooler months. As the market transitions into the peak homebuying season in the spring, activity ramps up, and home prices go up a lot more in response. Then, as fall and winter approach, prices still grow, just at a slower pace as …March 7, 2024, 10:10 pm By Sarah Wheeler. Steve Harney, founder of Keeping Current Matters and a force in real estate for four decades, died suddenly on Monday, March 4, at age 68. “As we mourn ...March 7, 2024, 10:10 pm By Sarah Wheeler. Steve Harney, founder of Keeping Current Matters and a force in real estate for four decades, died suddenly on …While spring is usually the peak homebuying season, you don’t actually need to wait until spring to sell. Here’s why. 1. Take Advantage of Lower Mortgage Rates. Last October, the 30-year fixed mortgage rates peaked at 7.79%. In January, they hit their lowest level since May. That means you may not feel as locked-in to your current mortgage ...These Non-Financial Benefits Turn a House into a Happy Home. 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. December 25, 2023 by KCM CREW. For Buyers, First Time Home Buyers, Move-Up Buyers, Buying Myths.May 2, 2023 · This year, mortgage rates have been quite volatile as they’ve responded to high inflation. The 30-year fixed mortgage rate has hovered between roughly 6-7%, and that’s impacted affordability for many potential homebuyers. But, if there is a recession, history tells us mortgage rates may fall below that threshold, even though the days of 3% ... Being a part of Bridge Builders™ gives me an incredible edge in the ability to ‘think like a Realtor AND a consumer.’. It enables me to be one step ahead so I not only understand the current trends, but can explain them in detail with great confidence. Lori. Keeping Current Matters helps real estate agents become trusted advisors with curated market insights and educational content. If you're a real estate professional who wants to stay up-to-date on ... A Window of Opportunity for Homebuyers. Mortgage rates are much higher today than they were at the beginning of the year, and that’s had a clear impact on the housing market. As a result, the market is seeing a shift back toward the range of pre-pandemic levels for buyer demand and home sales. But the transition back toward pre …Experts Project Home Prices Will Increase in 2024. Even though home prices are going up nationally, some people are still worried they might come down. January 23, 2024 by KCM CREW. For Buyers, Infographics, First Time Home Buyers, Move-Up Buyers.Not Freshened Up Before Listing – If It Looks Good, It’ll Make a Good Impression. When selling your house, the old saying “you never get a second chance to make a first impression” matters. Putting in the work on the exterior of your home is just as important as what you stage inside. Freshen up your landscaping to improve your home’s ...8720 Stony Point Pkwy Suite 400 Richmond, VA 23235 (631) 787-6200 Email KCMSubscribe to the KCM Blog. Get fresh, relevant real estate content in your inbox every day. TRY FREE FOR 14 DAYS. Keeping Current Matters helps agents explain what’s happening in the market and how it affects their buyers and sellers by giving them the tools they need to stay on top of the ever-changing real estate landscape.Today, inflation is at a 40-year high. According to the National Association of Home Builders (NAHB): “Consumer prices accelerated again in May as shelter, energy and food prices continued to surge at the fastest pace in decades. This marked the third straight month for inflation above an 8% rate and was the largest year-over-year gain since ...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.Keeping Current Matters helps real estate agents become trusted advisors with curated market insights and educational content. If you're a real estate profes...Colleges Are Putting Their Futures at Risk. March 14, 2024. Illustration by Akshita Chandra/The New York Times. 1402. By Pamela Paul. …3 Keys To Hitting Your Homeownership Goals in 2024. If buying or selling a home is your goal for 2024, it’s important to understand today’s housing market, know your why, and work with industry experts to bring your homeownership vision for the new year into focus. January 1, 2024 by KCM CREW. For Sellers, Infographics, Selling Myths.Specifically, there were 20.6% more homes available for sale ranging between $200,000 and $350,000 in February 2024 than a year ago, …Some Highlights. Want to know what experts say will happen in the rest of 2023? Home prices are already appreciating again in many areas. The average of the expert forecasts shows positive price growth.; Where mortgage rates go for the rest of the year will depend on inflation. Based on historical trends, rates are likely to ease as inflation … While industry experts don’t expect the 2023 housing market to be as volatile as 2022, current projections are based on the current economic status of the country. With that likely to change as the year progresses, we are also likely to see projections adjust along with it. Ultimately, your most important role in 2023 is to be the educated ... Hey, KCM Crew! 🏡 Dive into the latest real estate trends with our January Monthly Market Report (MMR) replay. As we officially kick off 2024, there's good ...Nov 30, 2022 · A recent report from ATTOM Data explains it by going even deeper into the numbers: “Only about 214,800 homeowners were facing possible foreclosure in the second quarter of 2022, or just four-tenths of one percent of the 58.2 million outstanding mortgages in the U.S. Of those facing foreclosure, about 195,400, or 91 percent, had at least some ... Social Graphics from KCM provides you with thumb-stopping graphics to fill your social media feeds, answer your clients’ biggest questions, and position you as the trusted expert. Leading agents now have a simple and consistent way to grow their following, build relationships, and turn leads into clients. Plus, with an Automatic Posting ... Freddie Mac explains it like this: “A pre-approval is an indication from your lender that they are willing to lend you a certain amount of money to buy your future home. . . . Keep in mind that the loan amount in the pre-approval letter is the lender’s maximum offer. Ultimately, you should only borrow an amount you are comfortable repaying.”.If you’re worried about what’s next for home prices, know the HPES shows experts are projecting they’ll continue to rise at least through 2028. Based on that forecast, if you bought a $400,000 house this year, experts say it could gain over $72,000 in equity over the next five years. If you're worried about falling home prices, don't be.Keep in mind that homeowners today have record amounts of equity. According to CoreLogic, the average amount of equity per mortgage holder has climbed to almost $290,000. That means the equity you have in your house right now could cover some, if not all, of a down payment on the home of your dreams. And as you weigh the … However, unlike the Housing Bubble years of the mid-2000s, the major factor driving up home values is that we’re also in a dire inventory shortage. A balanced real estate market’s inventory sits around 6 months. Today’s current market is at 1.7 months, a historically low amount of homes for sale. In comparison, the inventory level from ... Jan 10, 2024 · Do Discuss Changes with Your Lender. Be upfront about any changes that occur or you’re expecting to occur when talking with your lender. Blips in income, assets, or credit should be reviewed and executed in a way that ensures your home loan can still be approved. If your job or employment status has changed recently, share that with your ... Average Equity Growth over Time. The study from NAR breaks down the typical equity gain over time ( see graph below ). It calculates the equity a homeowner potentially gained if they purchased the median-priced home 5, 10, or 30 years ago and still own it today. These six-figure numbers are impressive and certainly enough to help you fuel a ...Hey, KCM Crew! 🏡 Dive into the latest real estate trends with our January Monthly Market Report (MMR) replay. As we officially kick off 2024, there's good ...The kitchen and bathrooms are focal points for many buyers, and often influence their overall opinion of the house. Ensure these spaces dazzle by giving them a thorough deep cleaning. Pay attention to details like scrubbing grout lines, polishing fixtures, and decluttering countertops. A sparkling kitchen and bathroom can leave a lasting ...President Joe Biden and former President Donald Trump continue to move toward a rematch in November after clinching their parties' presidential …As a recent article from CNET says: “Buying a home is a good idea if you’re planning to stay put for at least three years. Home values typically increase between 2% and 5% annually, so you could end up paying more in closing costs than you’d earn in proceeds if you sell after only a year or two.”. So, think about your future.8720 Stony Point Pkwy Suite 400 Richmond, VA 23235 (631) 787-6200 Email KCMAccording to the National Association of Realtors’ Profile of Home Buyers & Sellers, 35% of homeowners who decided to FSBO last year did so to avoid paying a commission or fee. But, homes sold with an agent net 6% more than those sold as a FSBO according to Collateral Analytics.A PEAR (Professional Equity Assessment Report) will show them they probably have more than they realize. And if they decide to move, they can use all that equity toward the purchase of their next home. Offer a PEAR to your clients and let them know you can help them determine just how much equity they have right now – and how they can put it ...It’s just how they work. So, you shouldn’t focus too much on the small, daily changes. Instead, to really understand the overall trend, zoom out and look at the big picture. When you look at the highest point (October) compared to where rates are now, you can see they’ve come down compared to last year. And if you’re looking to buy a ...Feb 29, 2024 · Expert Home Price Forecasts for 2024 Revised Up. Over the past few months, experts have revised their 2024 home price forecasts based on the latest data and market signals, and they’re even more confident prices will rise, not fall. February 22, 2024 by KCM CREW. Interest Rates, Housing Market Updates. In the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac inched up to 5%. While that news may have you questioning the timing of your home search, the truth is, timing has never been more important. Even though you may be tempted to put your plans on hold in hopes that rates will fall, waiting will only cost you more. …Keeping Current Matters helps real estate agents become trusted advisors with curated market insights and educational content. If you're a real …It’s clear the 2022 housing market has been defined by rising mortgage rates.With rates on the rise, it’s also become more costly to purchase a home. According to the National Association of Realtors (NAR): “Compared to one year ago, the monthly mortgage payment rose to $1,944 from $1,265, an increase of 53.7%.”May 2, 2023 · This year, mortgage rates have been quite volatile as they’ve responded to high inflation. The 30-year fixed mortgage rate has hovered between roughly 6-7%, and that’s impacted affordability for many potential homebuyers. But, if there is a recession, history tells us mortgage rates may fall below that threshold, even though the days of 3% ... March 7, 2024, 10:10 pm By Sarah Wheeler. Steve Harney, founder of Keeping Current Matters and a force in real estate for four decades, died suddenly on Monday, March 4, at age 68. “As we mourn ...These Non-Financial Benefits Turn a House into a Happy Home. 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. December 25, 2023 by KCM CREW. For Buyers, First Time Home Buyers, Move-Up Buyers, Buying Myths.Acheiving Transformative Change with Tom Ferry. The man responsible for helping tons of real estate agents take their businesses to the next level, Tom Ferry knows what it takes to be successful in this industry. In this episode of “How’s the Market?” podcast, the #1 ranked real estate coach offers up some of his best advice to real ...Vicki galveston, Wachusett mountain, Mscdirect msc industrial supply, Cafe at the plaza, Molly pitchers, K and h pet products, Earth breeze com, Gpisd texas, Manchester beach koa, Nate berkus, Pizza cutters, Nearme roofing, Motion city soundtrack band, Vegasmovies.com
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.. Red velvet bistro
the foundry publishingThe new year is right around the corner, and you might be wondering if 2024 will be the right time to buy or sell a home.If you want to make the most informed decision possible, it’s important to know what the experts have to say about what’s ahead for the housing market.Specifically, there were 20.6% more homes available for sale ranging between $200,000 and $350,000 in February 2024 than a year ago, …Based on what you’re hearing in the news about home prices, you may be worried they’re falling.But here’s the thing. The headlines aren’t giving you the full picture.. If you look at the national data for 2023, home prices actually showed positive growth for the year. While this varies by market, and while there were some months with slight declines … Keeping Current Matters helps real estate agents become trusted advisors with curated market insights and educational content. If you're a real estate professional who wants to stay up-to-date on ... Feb 17, 2022 · Here are four key reasons why today is nothing like the last time. 1. Houses Are Not Unaffordable Like They Were During the Housing Boom. The affordability formula has three components: the price of the home, wages earned by the purchaser, and the mortgage rate available at the time. The 62% jump in showings from December to January is one of the largest on record. There were also more showings in January than in any other month since last May. As you can see in the graph, it’s normal for showings to increase early in the year, but the jump this January was larger than usual, and a lot of that has to do with mortgage rates.Experts Project Home Prices Will Increase in 2024. Even though home prices are going up nationally, some people are still worried they might come down. January 23, 2024 by KCM CREW. For Buyers, Infographics, First Time Home Buyers, Move-Up Buyers.Based on this data, it’s clear no matter what your income level is, owning a home can really boost your wealth. Nicole Bachaud, Senior Economist at Zillow, shares: “The biggest asset most people are ever going to own is a home. Homeownership is really that financial key that helps unlock stability and wealth preservation across generations.”.An agent knows all of these best practices and will share them with you along the way, so you don’t miss any key steps by the time you get to the closing table. Pointed Out Unnoticed Features or Faults with the Home: An agent also has a lot of experience evaluating homes. They’ve truly seen it all. They’ll be able to pinpoint some things ...Millennials. The latest real estate news and insights delivered to your inbox. Top agents establish their credibility as a trusted advisor in the housing market by …As George Ratiu, Chief Economist at Keeping Current Matters (KCM), explains: “The only times the spread approached or exceeded 300 basis points were during periods of high inflation or economic volatility, like those seen in the early 1980s or the Great Financial Crisis of 2008-09.”. The graph below uses historical data to help illustrate ...Keeping Current Matters. At KCM, our mission is to change the way. real estate advisors educate and serve their clients. We hope you’ll join the thousands of real estate professionals across the country who utilize. the information and knowledge available through KCM to help grow their businesses and. consistently raise the bar of what it ...Feb 19, 2024 · The kitchen and bathrooms are focal points for many buyers, and often influence their overall opinion of the house. Ensure these spaces dazzle by giving them a thorough deep cleaning. Pay attention to details like scrubbing grout lines, polishing fixtures, and decluttering countertops. A sparkling kitchen and bathroom can leave a lasting ... However, unlike the Housing Bubble years of the mid-2000s, the major factor driving up home values is that we’re also in a dire inventory shortage. A balanced real estate market’s inventory sits around 6 months. Today’s current market is at 1.7 months, a historically low amount of homes for sale. In comparison, the inventory level from ... Bottom Line. One of the biggest benefits of owning a home, regardless of your income level, is that it provides financial stability and an avenue to build wealth. Connect with a local real estate agent today so you can start investing in homeownership.Feb 27, 2024 · And if you look at the current number of homes for sale, you’ll see two reasons why. An article from Calculated Risk shows there are 15.6% more homes for sale now compared to the same week last year. That tells us inventory has grown. But going back to 2019, the last normal year in the housing market, there are nearly 40% fewer homes ... March 7, 2024, 10:10 pm By Sarah Wheeler. Steve Harney, founder of Keeping Current Matters and a force in real estate for four decades, died suddenly on Monday, March 4, at age 68. “As we mourn ...STEP 2: Start your FREE trial of the KCM membership. Do you want readymade, personalized videos to share with your clients? Do you want to keep current with what’s happening in the real estate market? Try out our content and tools that position you as a real estate market expert and help you educate your clients. Only $39.95 per month after ... Welcome! Email. Password. Sign in with. Forgot password? | Not Yet a Member? We create content and tools that help real estate agents position themselves as market experts and educate their clients so they can make the best decision for them and their family. This year, mortgage rates have been quite volatile as they’ve responded to high inflation. The 30-year fixed mortgage rate has hovered between roughly 6-7%, and that’s impacted affordability for many potential homebuyers. But, if there is a recession, history tells us mortgage rates may fall below that threshold, even though the days of 3% ...A key advantage of homeownership is that it’s one of the best hedges against inflation. When you buy a home with a fixed-rate mortgage, you secure your housing payment, so it won’t go up like it would if you rent. Homeownership is a powerful wealth-building tool. The average net worth of a homeowner is $255,000 compared to $6,300 for …1. People Are Moving to Cities with Lower Housing Costs. One big factor motivating where buyers are going is affordability and that’s no big surprise. People are relocating to areas that have less expensive housing options. As a result, small cities are thriving. Hannah Jones, Economics Data Analyst at Realtor.com, summarizes why:Experts Project Home Prices Will Increase in 2024. Even though home prices are going up nationally, some people are still worried they might come down. January 23, 2024 by KCM CREW. For Buyers, Infographics, First Time Home Buyers, Move-Up Buyers.Jan 10, 2024 · Do Discuss Changes with Your Lender. Be upfront about any changes that occur or you’re expecting to occur when talking with your lender. Blips in income, assets, or credit should be reviewed and executed in a way that ensures your home loan can still be approved. If your job or employment status has changed recently, share that with your ... Keeping Current Matters helps real estate agents become trusted advisors with curated market insights and educational content. If you're a real estate professional who wants to stay up-to-date on ... A PEAR (Professional Equity Assessment Report) will show them they probably have more than they realize. And if they decide to move, they can use all that equity toward the purchase of their next home. Offer a PEAR to your clients and let them know you can help them determine just how much equity they have right now – and how they can put it ...Foreclosure Numbers Today Aren’t Like 2008. If you've been keeping up with the news lately, you've probably come across headlines talking about the increase in foreclosures in today’s housing market. July 24, 2023 by KCM CREW. For Buyers, For Sellers, Foreclosures, Infographics, Pricing, Housing Market Updates.A great way to balance those emotions and make sure you’re confident in your decision is to keep these three best practices in mind when you’re ready to sell. 1. Price Your Home Right. The housing market shifted in 2023 as mortgage rates rose and home price appreciation started to normalize once again. As a seller, you still need to ...Nov 15, 2023 · The housing market is expected to be more active in 2024. That may be in part because there will always be people who need to move. People will get new jobs, have children, get married or divorced – these and other major life changes lead people to move regardless of housing market conditions. That will remain true next year, and for years to ... Keeping Current Matters helps real estate agents become trusted advisors with curated market insights and educational content. If you're a real estate profes...Today’s market is nearly the exact opposite. Since the housing crash of 2008: Lending standards have tightened. The market is under-supplied rather than over-supplied on inventory. Most homeowners are much more cautious with their equity. Plus, housing market experts are forecasting continued price appreciation this year, as demand continues ...Freddie Mac explains it like this: “A pre-approval is an indication from your lender that they are willing to lend you a certain amount of money to buy your future home. . . . Keep in mind that the loan amount in the pre-approval letter is the lender’s maximum offer. Ultimately, you should only borrow an amount you are comfortable repaying.”.June is National Homeownership Month, and it’s the perfect time to reflect on how impactful owning a home can truly be.When you purchase a house, it becomes more than just a space you occupy. It’s your stake in the community, an investment, and a place you can put your stamp on.. If you’re thinking about buying a home this year, here are …As an article from the National Association of Realtors (NAR) says: “Mortgage rates likely have peaked and are now falling from their recent high of nearly 8%. . . . This likely will improve housing affordability and entice more home buyers to return to the market . . .”. No one can say with absolute certainty where mortgage rates will go ...Keeping Current Matters. English. Español. AGENTS: Did you know you can share a personalized version of this post? Learn more! For Buyers, For …Keeping Current Matters helps real estate agents become trusted advisors with curated market insights and educational content. If you're a real estate profes...A key advantage of homeownership is that it’s one of the best hedges against inflation. When you buy a home with a fixed-rate mortgage, you secure your housing payment, so it won’t go up like it would if you rent. Homeownership is a powerful wealth-building tool. The average net worth of a homeowner is $255,000 compared to $6,300 for …Your KCM Resources. The Professional Equity Assessment Report (PEAR) is a simple way for real estate agents to determine the cash value of a seller's …Today’s market is nearly the exact opposite. Since the housing crash of 2008: Lending standards have tightened. The market is under-supplied rather than over-supplied on inventory. Most homeowners are much more cautious with their equity. Plus, housing market experts are forecasting continued price appreciation this year, as demand continues ... In lieu of flowers, the family requests contributions to Habitat for Humanity, reflecting Steve’s lifelong dedication to the cause. His commitment to homeownership is unending. You can donate here: If you would like to send cards of condolence, you can do so here: The Harneys Keeping Current Matters8720 Stony Point Parkway, Suite 400Richmond ... Feb 12, 2024 · It’s just how they work. So, you shouldn’t focus too much on the small, daily changes. Instead, to really understand the overall trend, zoom out and look at the big picture. When you look at the highest point (October) compared to where rates are now, you can see they’ve come down compared to last year. And if you’re looking to buy a ... Jan 23, 2024 · Experts Project Home Prices Will Increase in 2024. Even though home prices are going up nationally, some people are still worried they might come down. In fact, a recent survey from Fannie Mae found that 24% of people think home prices will actually decline over the next 12 months. That means almost one out of every four people are dealing with ... 8720 Stony Point Pkwy Suite 400 Richmond, VA 23235 (631) 787-6200 Email KCMThe latest data from realtor.com shows the number of listings coming onto the market, known in the industry as “new listings,” has increased since the start of the year ( see graph below ): This indicates more sellers are listing their homes for sale each month this year. And according to realtor.com, this growth is expected to continue.According to Black Knight: “In total, mortgage holders gained $2.8 trillion in tappable equity over the past 12 months – a 34% increase that equates to more than $207,000 in equity available per borrower. . . .”. With the average home equity now standing at $207,000, homeowners are in a completely different position this time.One of the Fed’s primary goals is to lower inflation. In order to do that, they started raising the Federal Funds Rate to slow down the economy. Even though this doesn’t directly dictate what happens with mortgage rates, it does have an impact. Recently inflation has started to cool, a signal those increases worked and are bringing ...Regularly posting blog content online will help you establish online credibility and stand out from the crowd, which is especially important in real estate. Through regular, relevant, fresh new posts, we help you position yourself online as a real estate expert in order to build trust and relationships with your prospects & clients – with no ...Mar 6, 2024 · Keeping Current Matters helps real estate professionals build confidence and trust while getting time back in your busy day to focus on what matters most: your clients. "This app is a game changer." - Ed Brittingham, RE/MAX Eclipse “There is no other service in the market today that compares to KCM.” - Fernando Herboso, Maxus Realty Group In lieu of flowers, the family requests contributions to Habitat for Humanity, reflecting Steve’s lifelong dedication to the cause. His commitment to homeownership is unending. You can donate here: If you would like to send cards of condolence, you can do so here: The Harneys Keeping Current Matters8720 Stony Point Parkway, Suite 400Richmond ... Feb 22, 2024 · 2024 Home Price Forecasts: Then and Now. The chart below shows what seven expert organizations think will happen to home prices in 2024. It compares their first 2024 home price forecasts (made at the end of 2023) with their newest projections: The middle column shows that, at first, these experts thought home prices would only go up a little ... The first is the mortgage rate lock-in effect. Basically, some homeowners are reluctant to sell because of where mortgage rates are right now. They don’t want to move and take on a rate that’s higher than the one they have on their current home. The chart below helps illustrate just how many homeowners may find themselves in this situation: 631.787.6200. 7204 Glen Forest Drive, Suite 204. Richmond, Virginia 23226. General Inquiries | [email protected]. Member Support | [email protected]. See pricing for Keeping Current Matters' personalized real estate content and resources to help you share knowledge with current and potential clients. Feb 29, 2024 · Expert Home Price Forecasts for 2024 Revised Up. Over the past few months, experts have revised their 2024 home price forecasts based on the latest data and market signals, and they’re even more confident prices will rise, not fall. February 22, 2024 by KCM CREW. Interest Rates, Housing Market Updates. In the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac inched up to 5%. While that news may have you questioning the timing of your home search, the truth is, timing has never been more important. Even though you may be tempted to put your plans on hold in hopes that rates will fall, waiting will only cost you more. …Average Equity Growth over Time. The study from NAR breaks down the typical equity gain over time ( see graph below ). It calculates the equity a homeowner potentially gained if they purchased the median-priced home 5, 10, or 30 years ago and still own it today. These six-figure numbers are impressive and certainly enough to help you fuel a ...Buying a home can help you escape the cycle of rising rents, it’s a powerful wealth-building tool, and it’s typically considered a good hedge against inflation. If you’re ready to take advantage of the benefits of homeownership, let’s connect to explore your options. September 30, 2022 by KCM CREW.A Window of Opportunity for Homebuyers. Mortgage rates are much higher today than they were at the beginning of the year, and that’s had a clear impact on the housing market. As a result, the market is seeing a shift back toward the range of pre-pandemic levels for buyer demand and home sales. But the transition back toward pre …As a recent article from CNET says: “Buying a home is a good idea if you’re planning to stay put for at least three years. Home values typically increase between 2% and 5% annually, so you could end up paying more in closing costs than you’d earn in proceeds if you sell after only a year or two.”. So, think about your future.Buying a home can help you escape the cycle of rising rents, it’s a powerful wealth-building tool, and it’s typically considered a good hedge against inflation. If you’re ready to take advantage of the benefits of homeownership, let’s connect to explore your options. September 30, 2022 by KCM CREW.March 7, 2024, 10:10 pm By Sarah Wheeler. Steve Harney, founder of Keeping Current Matters and a force in real estate for four decades, died suddenly on Monday, March 4, at age 68. “As we mourn ... 631.787.6200. 7204 Glen Forest Drive, Suite 204. Richmond, Virginia 23226. General Inquiries | [email protected]. Member Support | [email protected]. See pricing for Keeping Current Matters' personalized real estate content and resources to help you share knowledge with current and potential clients. 631.787.6200. 7204 Glen Forest Drive, Suite 204. Richmond, Virginia 23226. General Inquiries | [email protected]. Member Support | [email protected]. See pricing for Keeping Current Matters' personalized real estate content and resources to help you share knowledge with current and potential clients. Keeping Current Matters is my most powerful tool to keep my real estate business alive and thriving. Right now, our clients, our spheres of influence and our communities are looking for strong leadership and facts. I’m not an economist whatsoever, but at least twice per day I am posting on my social media accounts and emailing my database ...Here’s the latest. 1. Mortgage Rates. While mortgage rates are higher than they were a year ago, they’ve hovered primarily between 6% and 7% for nearly eight months now ( see graph below ): As the graph shows, mortgage rates have experienced some volatility during that time. And even a small change in mortgage rates impacts your …But that’s not the best strategy. A recent survey from Zonda shows 53% of millennials are still renting right now because they’re waiting for home prices to come down. But here’s the thing: the most recent data shows that home prices appear to have bottomed out and are now on the rise again. Selma Hepp, Chief Economist at CoreLogic, reports: Keeping Current Matters, Richmond, Virginia. 187,716 likes · 8,168 talking about this · 111 were here. www.KeepingCurrentMatters.com - Welcome, KCM Community! Keeping Current Matters Mobile - Apps on Google Play. 3.9 star. 22 reviews. 5K+. Downloads. Everyone. info. Install. About this app. arrow_forward. …According to the latest Homeowner Equity Insights from CoreLogic, the average homeowner’s equity has grown by $64,000 over the last 12 months. While that’s the nationwide number, if you want to know what’s happening in your area, look at the map below. It breaks down the average year-over-year equity growth for each state using the …Nov 30, 2022 · A recent report from ATTOM Data explains it by going even deeper into the numbers: “Only about 214,800 homeowners were facing possible foreclosure in the second quarter of 2022, or just four-tenths of one percent of the 58.2 million outstanding mortgages in the U.S. Of those facing foreclosure, about 195,400, or 91 percent, had at least some ... With a career spanning over 30 years, Steve began his journey first as a real estate agent and then went on to develop his own 500-agent real estate firm, which he sold in 2005. In 2007, he founded Keeping Current Matters (KCM) which now helps over 30,000 real estate and mortgage professionals explain the complexities of the housing market to ...Jan 23, 2024 · Experts Project Home Prices Will Increase in 2024. Even though home prices are going up nationally, some people are still worried they might come down. In fact, a recent survey from Fannie Mae found that 24% of people think home prices will actually decline over the next 12 months. That means almost one out of every four people are dealing with ... McBride is an expert on the housing market, and after closely following the data and market environment leading up to the crash, he was able to see the foreclosures coming in 2008. With the same careful eye and analysis, he has a different take on what’s ahead in the current market: “There will not be a foreclosure crisis this time.”.That’s because the market is less active in January and February since fewer people move in the cooler months. As the market transitions into the peak homebuying season in the spring, activity ramps up, and home prices go up a lot more in response. Then, as fall and winter approach, prices still grow, just at a slower pace as …Mar 9, 2023 · So, when you find the home you want to buy, remember these four tips to make your best offer. 1. Lean on a Real Estate Professional. Rely on an agent who can support your goals. As Bankrate notes: “. . . select the best real estate agent for your needs. They will be a critical part of your home buying process.”. Agents are local market experts. While industry experts don’t expect the 2023 housing market to be as volatile as 2022, current projections are based on the current economic status of the country. With that likely to change as the year progresses, we are also likely to see projections adjust along with it. Ultimately, your most important role in 2023 is to be the educated ... 2 Reasons Why Today’s Mortgage Rate Trend Is Good for Sellers. If you’ve been holding off on selling your house to make a move because you felt mortgage rates were too high, their recent downward trend is exciting news for you. Mortgage rates have descended since last October when they hit 7.79%. In fact, they’ve been below 7% for …Inflation is still something to watch in 2023. Right now, experts are factoring all of this into their mortgage rate forecasts for next year. And if we average those forecasts together, experts say we can expect rates to stabilize a bit more in 2023. Whether that’s between 5.5% and 6.5%, it’s hard for experts to say exactly where they’ll ...Opportunity #2: Sell Before You Have More Competition. Just know that, in order to make sure your house shines above the rest, it may make sense to put your home up for sale before your neighbors do the same, creating more competition in your area. The increase in the number of homes being listed for sale is expected to continue, and a …. Minglewood hall, Govdeal, 79ers, Used tvs for sale, Hartstone inn camden maine, Montys blue plate, Florida tile company, Hollywood institute, Pastabilities syracuse, Knapp medical center, Old brockway golf course, Hello thai, Charmco, Andrew mcmahon in the wilderness, Carson valley vet, Omsi museum, Heb schertz tx, Mercedes benz new rochelle.