Every potential home buyer has to stop for at least a moment and consider this question. Today, we want to look at one of the many financial reasons to buy instead of rent: the housing expense moving forward. According to the latest Existing Home Sales Report from the National Association of Realtors, the median sales [...]
Information from The Pew Charitable Trusts report: The Geographic Distribution of the Mortgage Interest Deduction by The KCM Crew on May 10, 20130
We are often asked if the housing market can truly rebound if the all-round economy remains sluggish. We answer by explaining the housing market is not dependent on the economy but rather the economy is reliant on the housing market. Mark Zandi, Chief Economist at Moodys.com, addressed this issue in a recent report. “Historically, housing [...]
This week, we are going to look at the three financial reasons to buy a home now instead of waiting: prices are rising at an accelerated rate, interest rates are increasing and rents are skyrocketing. – The KCM Crew Part II – Interest Rates Are Increasing A big component in the cost of a home [...]
It’s likely you’ve heard the term “short sale” thrown around quite a bit. What exactly is a short sale? A short sale is when a bank agrees to accept less than the total amount owed on a mortgage to avoid having to foreclose on the property. This is not a new practice; banks have been [...]
