Market Updates

Jan. 23, 2020

The #1 Reason It Is Difficult to Find Your Dream Home in Rhode Island

   

        The #1 Reason It Is Difficult to Find Your Dream Home | MyKCM

 

       

           

The headlines in real estate today all revolve around one major point: there is a shortage of homes available for sale. Price appreciation is accelerating again because there is a shortage of homes available for sale. First-time buyers are taking longer ...

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Jan. 22, 2020

How Rhode Island Buyers Can Win By Downsizing in 2020

        How Buyers Can Win By Downsizing in 2020 | MyKCM

 

       

           

Home values have been increasing in Rhode Island for 93 consecutive months, according to the National Association of Realtors. If you’re a homeowner, particularly one looking to downsize your living space, that’s great news, as you’ve likely built significant equity in your ...

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Jan. 21, 2020

The 2 Surprising Things Homebuyers Really Want

       

        The 2 Surprising Things Homebuyers Really Want | MyKCM

 

       

           

In a market where current inventory is low, it’s normal to think buyers might be willing to give up a few desirable features in their home search in order to make finding a house a little easier. Don’t be fooled ...

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Jan. 21, 2020

Make the Dream of Homeownership a Reality in 2020

   

        Make the Dream of Homeownership a Reality in 2020 | MyKCM

 

       

           

In 1963, Martin Luther King, Jr. led and inspired a powerful movement with his famous “I Have a Dream” speech. Through his passion and determination, he sparked interest, ambition, and courage in his audience. Today, reflecting on his message ...

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Jan. 16, 2020

Housing Inventory Vanishing: What Is the Impact on You?

        Housing Inventory Vanishing: What Is the Impact on You? | MyKCM

 

       

           

The real estate market is expected to do very well this year as mortgage rates remain at historic lows. One challenge to the housing industry is the lack of homes available for sale. Last week, move.com released a report showing that ...

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Jan. 15, 2020

Homes Are More Affordable Today, Not Less Affordable

       

        Homes Are More Affordable Today, Not Less Affordable | MyKCM

 

       

           

There’s a current narrative that owning a home today is less affordable than it has been in the past. The reason some are making this claim is because house prices have substantially increased over the last several years.

It’s not ...

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Jan. 14, 2020

2020 Luxury Real Estate Market Forecast

       

        2020 Luxury Market Forecast | MyKCM

 

       

           

By the end of last year, many homeowners found themselves with more equity than they realized, and at the same time their wages were increasing. When those two factors unite, it can spark homeowners to think about making a move ...

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Jan. 13, 2020

Buying a Home Early Can Significantly Increase Future Wealth

               

        Buying a Home Early Can Significantly Increase Future Wealth | MyKCM

 

       

           

According to an Urban Institute study, homeowners who purchase a house before age 35 are better prepared for retirement at age 60.

The good news is, our younger generations are strong believers in homeownership.

According to a Freddie ...

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Jan. 9, 2020

There’s a Long Line of Buyers Waiting for Your House

There’s a Long Line of Buyers Waiting for Your House | MyKCM

 

       

           

If you’re following what’s happening in the housing market right now, you know that many people believe the winter months aren’t a good time to sell a home. As realtor.com Senior Economist George Ratiu recently noted,

“Sellers tend to be more reluctant to ...

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Jan. 8, 2020

The New Spring Real Estate Market is Here. Are You Ready?

               

        The New Spring Real Estate Market is Here. Are You Ready? | MyKCM

 

       

           

Which month do you think most people who are considering buying a home actually start their search? If you’re like most of us, you probably think the surge happens in the spring, likely in April. Not anymore. According ...

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