Archive for November, 2016

How Do Rising Prices Impact Your Home Equity?

Monday, November 14th, 2016

Over the next five years, home prices will appreciate 3.5% per year on average, and cumulatively will grow by around 18%. So what does this mean for homeowners and their equity position? For example, let’s assume a young couple purchased and closed on a $250,000 home in January of this year. If we only look […]

4 Stats That PROVE This Is NOT 2005 All over Again

Monday, November 14th, 2016

Recent research by realtor.com examined certain red flags that caused the housing crisis in 2005, and then compared them to today’s real estate market. Today, we want to concentrate on four of those red flags. Price to Rent Ratio Price to Income Ratio Mortgage Transactions House Flipping All four categories were outside historical norms in […]

14,767 Homes Sold Yesterday… Did Yours?

Monday, November 14th, 2016

There are some homeowners that have been waiting for months to get a price they hoped for when they originally listed their house for sale. The only thing they might want to consider is… If it hasn’t sold yet, maybe it’s not priced properly. After all, 14,767 houses sold yesterday, 14,767 will sell today and […]

CONSUMER DEMAND SHOWS CLEAR CONNECTION

Monday, November 14th, 2016

In the end, though, it’s hard to deny that there is strong consumer demand for good schools. Demand drives prices higher for a limited product like real estate. We probably can’t pinpoint exactly how much that demand has on home prices, because the market is so complex and every home buyer’s decision weighs so many […]

DO SCHOOL DISTRICTS INFLUENCE HOME PRICES OR VICE VERSA?

Monday, November 14th, 2016

Conversations about schools and their effect on a home’s value are often of the “chicken or the egg” variety. Homes in the best school districts, on average, sell for higher prices than similar homes in less-popular school districts. A simple analysis might say that good schools are wholly responsible for this added value. At the […]

DEDICATION TO EDUCATION

Monday, November 14th, 2016

I personally know the importance of school boundaries. When our first child reached school age, my wife and I went house hunting with school-boundary maps in hand. If a home was one block outside our favorite elementary school’s boundaries, we didn’t even go in. The look of the home, the neighborhood, and how it was […]

How Much Do School Districts Affect Real Estate Prices?

Monday, November 14th, 2016

EXTREME SCHOOL BUYERS When looking at trends, it’s often entertaining to find the extremes. The best school districts near Seattle have recently seen a huge influx of buyers from China, paying premium cash prices for homes that many are purchasing for their future grandchildren. Neighborhoods on the east side are seeing large numbers of buyers […]

5 Reasons to Sell This Fall

Monday, November 14th, 2016

5 Reasons to Sell This Fall | MyKCM School is back in session, the holidays are right around the corner, you might not think that now is the best time to sell your house. But with inventory below historic numbers and demand still strong, you could be missing out on a great opportunity for your […]

Don’t Underestimate the Importance of Using an Agent When Selling Your Home

Monday, November 14th, 2016

When a homeowner decides to sell their house, they obviously want the best possible price with the least amount of hassles. However, for the vast majority of sellers, the most important result is to actually get the home sold. In order to accomplish all three goals, a seller should realize the importance of using a […]