Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

July 21, 2020

New Index Reveals Impact of COVID-19 on Real Estate

New Index Reveals Impact of COVID-19 on Real Estate | MyKCM

Earlier this month, realtor.com announced the release of their initial Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing industry, tracking each of the following:

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July 19, 2020

FREE eGUIDE - Things to Consider When Selling Your Home - Summer 2020 Edition

Free eGuide Sellers Guide

It’s difficult to know when is the best time to sell, or how to get the most money for your house, but you don’t need to go through the process alone.

You may be wondering if prices are projected to rise or fall…or

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July 19, 2020

FREE eGUIDE - Things to Consider When Buying a Home- Summer 2020 Edition

Download your free home buying eGuide here

The process of buying a home can be overwhelming at times, but you don’t need to go through it alone.

You may be wondering if now is a good time to buy a home…or

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July 15, 2020

Mortgage Rates Hit Record Lows for Three Consecutive Weeks

Mortgage Rates Hit Record Lows for Three Consecutive Weeks | MyKCM

Over the past several weeks, Freddie Mac has reported the average 30-year fixed mortgage rate dropping to record lows, all the way down to 3.03%. Last week’s reported rate reached the lowest point in the history of the survey, which dates back to 1971 (See graph below):

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July 10, 2020

Taking Advantage of Homebuying Affordability in Today’s Market

Taking Advantage of Homebuying Affordability in Today’s Market | MyKCM

Everyone is ready to buy a home at different times in their lives, and despite the health crisis, today is no exception. Understanding how affordability works and the main market factors that impact it may help those who are ready to buy a home narrow down their optimal window of time to make a purchase.

There are three main factors that go into determining how affordable homes are for buyers:

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July 5, 2020

Does Your Home Have What Buyers Are Looking For?

Does Your Home Have What Buyers Are Looking For? | MyKCM

There’s great opportunity for today’s homeowners to sell their houses and make a move, yet due to the impact of the ongoing health crisis, some sellers are taking their time coming back to the market. According to Javier Vivas, Director of Economic Research at realtor.com:

“Sellers continue returning to the market at a cautious pace and further improvement could be constrained by lingering coronavirus concerns, economic uncertainty, and civil unrest.”

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July 3, 2020

Buyers: Are You Ready for a Bidding War?

Buyers: Are You Ready for a Bidding War? | MyKCM

With businesses reopening throughout the country and some experts indicating early signs of a much-anticipated economic recovery, more homebuyers are actively entering the housing market this summer. Today, housing is truly driving the U.S. economy forward. With so many buyers looking for homes to purchase and so few houses for sale right now, there’s a disconnect between supply and demand. This imbalance is pushing home prices upward while driving more bidding wars and multiple-offer scenarios. Danielle Hale, Chief Economist at realtor.com explains:

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Posted in Home Buyers
July 2, 2020

Denver Metro Market Update - July 2nd 2020

Denver Metro Area Real Estate.  COVID-19 hit the real estate market hard in March and April during the stay at home orders issued by Governor Polis.  Withdrawn listings went through the roof and inventory plunged.  Since early May the number of listings have been increasing however we are still in a housing shortage.  This is great for home sellers but I cannot say the same for home buyers.  They are competing with many offers and needing to pull some tricks out of the sleeves in order to get a home under contract.  

There seems to no relief in sight in the near future.  Mortgage rates are falling and new mortgage applications are rising.  As buyers secure contracts and others close on their home a new buyer is ready to take their place. 

The following slide show, compiled by Your Castle Real Estate, paints the picture of where the market is in comparison to previous years.  Call or email me if you have questions on how you can succeed in today's market. 

   

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Posted in Market Updates
June 29, 2020

Keys to Selling Your House Virtually

Keys to Selling Your House Virtually | MyKCM

In a recent survey by realtor.com, people thinking about selling their homes indicated they’re generally willing to allow their agent and some potential buyers inside if done under the right conditions. They’re less comfortable, however, hosting an open house. This is understandable, given the health concerns associated with social contact these days. The question is, if you need to sell your house now, what virtual practices should you use to make sure you, your family, and potential buyers stay safe in the process?

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Posted in Home Sellers
June 26, 2020

Not All Real Estate Agents Are Created Equal

Not All Agents Are Created Equal | MyKCM

In today’s fast-paced world where answers are just a Google search away, there are some who may question the benefits of hiring a real estate professional when selling a house. The reality is, the addition of more information can lead to more confusion. A real estate agent can be your essential guide, but truth be told, not all agents are created equal. Finding the right agent for you and your family should be your top priority when you’re ready to sell your house.

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