Latest Rhode Island Real Estate News, Listings, and Tips

You’ll find our blog to be a wealth of information, covering everything from Rhode Island 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!

April 2, 2020

A Look to the Future: What Experts Are Expecting From the Economic Impact of Covid-19

A Look to the Future: What Experts Are Expecting From the Economic Impact of Covid-19

We are all experiencing disruption in our lives, our businesses, and the world in which we live as things change day by day. We’re all wondering just how long the slowdown will last. How long will the effects of the coronavirus be felt? How broad will economic impact be? The loss of human life will forever change families and communities, but the economy will rebound with a cycle of downturn followed by economic expansion like we’ve seen play out many times over in the history of the U.S. economy.

View More
April 1, 2020

The #1 Thing You Can Do Now to Position Yourself to Buy a Home in Rhode Island This Year

        The #1 Thing You Can Do Now to Position Yourself to Buy a Home This Year | MyKCM

 

The #1 Thing You Can Do Now to Position Yourself to Buy a Home in Rhode Island This Year           

The last few weeks and months have caused a major health crisis throughout the world, leading to a pause in the U.S. economy as businesses and consumers work to slow the spread of the coronavirus. The rapid spread of the virus has been compared to prior pandemics and outbreaks not seen in many years. It also has consumers remembering the economic slowdown of 2008 that was caused by a housing crash. This economic slowdown, however, is very different from 2008.

View More
March 31, 2020

The Economic Impact of Buying a Home

        The Economic Impact of Buying a Home | MyKCM

       

The Economic Impact of Buying a Home 

We’re in a changing real estate market, and life, in general, is changing too – from how we grocery shop and meal prep to the ways we can interact with our friends and neighbors. Even practices for engaging with agents, lenders, and all of the players involved in a real estate transaction are changing to a virtual format. What isn’t changing, however, is one key thing that can drive the local economy: buying a home.

View More
March 30, 2020

The Best Advice Does Not Mean Perfect Advice

        The Best Advice Does Not Mean Perfect Advice | MyKCM

 

       

The Best Advice Does Not Mean Perfect Advice

           

The angst caused by the coronavirus has most people on edge regarding both their health and financial situations. It’s at times like these when we want exact information about anything we’re doing – even the correct protocol for grocery shopping. That information brings knowledge, and this gives us a sense of relief and comfort.

View More
March 24, 2020

5 Tactics to Speed Up a Rhode Island Real Estate Closing

 

A reality of the Rhode Island real estate market is that even when it is not “hot” overall,

competition for a particular residence can be intense. In other words, you may have

found the home of your dreams but the residence may also be in play with other people

interested in the property and submitting offers. One of the most important tactics you

can employ to better your chances of a homeowner accepting your offer is to demonstrate

that you can close quickly on the home purchase contract. There are six tactics that you can employ in order to speed up the residential real estate closing process in Rhode Island.

View More
March 23, 2020

Economic Slowdown: What the Experts Are Saying

       

        Economic Slowdown: What the Experts Are Saying | MyKCM

 

Economic Slowdown: What the Experts Are Saying

 

           

More and more economists are predicting a recession is imminent as the result of the pullback in the economy caused by COVID-19. According to the National Bureau of Economic Research:

“A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.”

Bill McBride, the founder of Calculated Risk, believes we are already in a recession:

View More
March 19, 2020

Are We About to See a New Wave of Foreclosures in Rhode Island?

        Are We About to See a New Wave of Foreclosures? | MyKCM

Are We About to See a New Wave of Foreclosures in Rhode Island?

           

With all of the havoc being caused by COVID-19, many are concerned we may see a new wave of foreclosures. Restaurants, airlines, hotels, and many other industries are furloughing workers or dramatically cutting their hours. Without a job, many homeowners are wondering how they’ll be able to afford their mortgage payments.

View More
March 18, 2020

Three Reasons Why This Is Not a Housing Crisis

        Three Reasons Why This Is Not a Housing Crisis | MyKCM

Three Reasons Why This Is Not a Housing Crisis         

In times of uncertainty, one of the best things we can do to ease our fears is to educate ourselves with research, facts, and data. Digging into past experiences by reviewing historical trends and understanding the peaks and valleys of what’s come before us is one of the many ways we can confidently evaluate any situation. With concerns of a global recession on everyone’s minds today, it’s important to take an objective look at what has transpired over the years and how the housing market has successfully weathered these storms.

1. The Market Today Is Vastly Different from 2008

View More
March 17, 2020

5 Simple Graphs Proving This Is NOT Like the Last Time

        5 Simple Graphs Proving This Is NOT Like the Last Time | MyKCM

 

Find Your Home Value

       

           

With all of the volatility in the stock market and uncertainty about the Coronavirus (COVID-19), some are concerned we may be headed for another housing crash like the one we experienced from 2006-2008. The feeling is understandable. Ali Wolf, Director of Economic Research at the real estate consulting firm Meyers Research, addressed this point in a recent interview:

View More
March 11, 2020

Confidence Is the Key to Success for Young Homebuyers in Rhode Island

        Confidence Is the Key to Success for Young Homebuyers | MyKCM

 

       

Confidence Is the Key to Success for Young Homebuyers in Rhode Island           

Buying your first home can seem overwhelming. Thankfully, there’s a lot of great information out there to help you feel more confident as you learn about the process. For those in younger generations who aspire to buy, here are three things to consider sooner rather than later in your journey:

1. Understand What it Takes to Purchase a Home

View More