2024 Keeping matters current - 2 Reasons Why Today’s Mortgage Rate Trend Is Good for Sellers. If you’ve been holding off on selling your house to make a move because you felt mortgage rates were too high, their recent downward trend is exciting news for you. Mortgage rates have descended since last October when they hit 7.79%. In fact, they’ve been below 7% for …

 
An article from Freddie Mac explains: “The lack of housing supply was partly driven by the rate lock-in effect. . . . With higher rates, the incentive for existing homeowners to list their property and move to a new house has greatly diminished, leaving them rate locked.”. These homeowners decided to stay put and keep their current lower .... Keeping matters current

Here’s the latest. 1. Mortgage Rates. While mortgage rates are higher than they were a year ago, they’ve hovered primarily between 6% and 7% for nearly eight months now ( see graph below ): As the graph shows, mortgage rates have experienced some volatility during that time. And even a small change in mortgage rates impacts your …An agent knows all of these best practices and will share them with you along the way, so you don’t miss any key steps by the time you get to the closing table. Pointed Out Unnoticed Features or Faults with the Home: An agent also has a lot of experience evaluating homes. They’ve truly seen it all. They’ll be able to pinpoint some things ...And if you look at the current number of homes for sale, you’ll see two reasons why. An article from Calculated Risk shows there are 15.6% more homes for sale now compared to the same week last year. That tells us inventory has grown. But going back to 2019, the last normal year in the housing market, there are nearly 40% fewer …Keeping Current Matters helps real estate agents become trusted advisors with curated market insights and educational content. If you're a real estate profes...Dec 26, 2022 · Tracking your credit and disputing any errors that show up on your reports. Paying your bills on time. This includes making loan payments and paying down any open lines of credit. Keeping your credit card balances low. Paying more than your minimum monthly balance when you’re able can help. A PEAR (Professional Equity Assessment Report) will show them they probably have more than they realize. And if they decide to move, they can use all that equity toward the purchase of their next home. Offer a PEAR to your clients and let them know you can help them determine just how much equity they have right now – and how they can put it ...Some Highlights. Want to know what experts say will happen in the rest of 2023? Home prices are already appreciating again in many areas. The average of the expert forecasts shows positive price growth.; Where mortgage rates go for the rest of the year will depend on inflation. Based on historical trends, rates are likely to ease as inflation …Keeping Current Matters helps real estate agents become trusted advisors with curated market insights and educational content. If you're a real estate professional who wants to stay up-to-date on ...Today, inflation is at a 40-year high. According to the National Association of Home Builders (NAHB): “Consumer prices accelerated again in May as shelter, energy and food prices continued to surge at the fastest pace in decades. This marked the third straight month for inflation above an 8% rate and was the largest year-over-year gain since ...Keeping Current Matters helps real estate agents become trusted advisors with curated market insights and educational content. If you're a real estate professional who wants to stay up-to-date on ...Expert Home Price Forecasts Revised Up for 2023. Toward the end of last year, there were a number of headlines saying home prices were going to fall substantially in 2023. That led to a lot of fear and questions about whether there was going to be a repeat of the housing crash that happened back in 2008. But the headlines got it wrong.The new year is right around the corner, and you might be wondering if 2024 will be the right time to buy or sell a home.If you want to make the most informed decision possible, it’s important to know what the experts have to say about what’s ahead for the housing market.Opportunity #2: Sell Before You Have More Competition. Just know that, in order to make sure your house shines above the rest, it may make sense to put your home up for sale before your neighbors do the same, creating more competition in your area. The increase in the number of homes being listed for sale is expected to continue, and a …If you really want to help your buyers and sellers make it through the market shift, you have to get in front of the gossip and constantly share the latest insights. We make it easy to create your own real estate videos. Moreover, you have to explain how those insights reflect your local market and affect them directly. This is no easy feat.Experts Project Home Prices Will Rise over the Next 5 Years. Even with so much data showing home prices are actually rising in most of the country, there are still a lot of people who worry there will be another price crash in the immediate future. December 4, 2023 by KCM CREW. For Buyers, For Sellers, Pricing, Housing Market Updates. 8720 Stony Point Pkwy Suite 400 Richmond, VA 23235 (631) 787-6200 Email KCM 3 Keys To Hitting Your Homeownership Goals in 2024. If buying or selling a home is your goal for 2024, it’s important to understand today’s housing market, know your why, and work with industry experts to bring your homeownership vision for the new year into focus. January 1, 2024 by KCM CREW. For Sellers, Infographics, Selling Myths.These Non-Financial Benefits Turn a House into a Happy Home. There’s no denying the long-term financial benefits of owning a home, but today’s housing market may have you wondering if now’s still the time to buy. December 25, 2023 by KCM CREW. For Buyers, First Time Home Buyers, Move-Up Buyers, Buying Myths.Freddie Mac explains it like this: “A pre-approval is an indication from your lender that they are willing to lend you a certain amount of money to buy your future home. . . . Keep in mind that the loan amount in the pre-approval letter is the lender’s maximum offer. Ultimately, you should only borrow an amount you are comfortable repaying.”.Inflation is still something to watch in 2023. Right now, experts are factoring all of this into their mortgage rate forecasts for next year. And if we average those forecasts together, experts say we can expect rates to stabilize a bit more in 2023. Whether that’s between 5.5% and 6.5%, it’s hard for experts to say exactly where they’ll ...And the 2022 National Housing Forecast from realtor.com projects prices for vacant units will continue to increase this year: “In 2022, we expect this trend will continue and fuel rent growth. At a national level, we forecast rent growth of 7.1% in the next 12 months, somewhat ahead of home price growth . . .”.Feb 29, 2024 · Expert Home Price Forecasts for 2024 Revised Up. Over the past few months, experts have revised their 2024 home price forecasts based on the latest data and market signals, and they’re even more confident prices will rise, not fall. February 22, 2024 by KCM CREW. Interest Rates, Housing Market Updates. Not Freshened Up Before Listing – If It Looks Good, It’ll Make a Good Impression. When selling your house, the old saying “you never get a second chance to make a first impression” matters. Putting in the work on the exterior of your home is just as important as what you stage inside. Freshen up your landscaping to improve your home’s ...President Joe Biden and former President Donald Trump continue to move toward a rematch in November after clinching their parties' presidential …According to Black Knight: “In total, mortgage holders gained $2.8 trillion in tappable equity over the past 12 months – a 34% increase that equates to more than $207,000 in equity available per borrower. . . .”. With the average home equity now standing at $207,000, homeowners are in a completely different position this time.So, when you find the home you want to buy, remember these four tips to make your best offer. 1. Lean on a Real Estate Professional. Rely on an agent who can support your goals. As Bankrate notes: “. . . select the best real estate agent for your needs. They will be a critical part of your home buying process.”. Agents are local market experts.Here’s just one reason why. Many baby boomers don’t want to move. Data from the AARP shows over half of the surveyed adults ages 65 and up plan to stay put and age in place in their current home rather than move ( see chart below ): Clearly, not every baby boomer is planning to sell or move – and even those who do won’t do it all at once.To do this, we recommend posting pictures of landmarks and favorite spots around town or creating videos that highlight local businesses you love. Check out more ideas for real estate instagram posts and plan out your content calendar. 2. Engage Your Community. This is where the hard work comes in.Average Equity Growth over Time. The study from NAR breaks down the typical equity gain over time ( see graph below ). It calculates the equity a homeowner potentially gained if they purchased the median-priced home 5, 10, or 30 years ago and still own it today. These six-figure numbers are impressive and certainly enough to help you fuel a ...Keeping Current Matters is a membership service that provides personalized, easy-to-deliver marketing content for real …Mortgage Rates Will Come Down, It’s Just a Matter of Time. Rising mortgage rates defined the 2022 housing market, and it’s no surprise why. This year saw the largest increase in mortgage rates in over 20 years, sidelining many potential homebuyers. Today, interest rates have shown signs of moderating, and as inflation concerns ease, experts ... While industry experts don’t expect the 2023 housing market to be as volatile as 2022, current projections are based on the current economic status of the country. With that likely to change as the year progresses, we are also likely to see projections adjust along with it. Ultimately, your most important role in 2023 is to be the educated ... Dec 26, 2022 · Tracking your credit and disputing any errors that show up on your reports. Paying your bills on time. This includes making loan payments and paying down any open lines of credit. Keeping your credit card balances low. Paying more than your minimum monthly balance when you’re able can help. The national CoreLogic Home Price Index recorded an 11.4% rise in the year through March 2021, leading to a $216,000 increase in the average amount of equity held by homeowners with a mortgage.”. The expected, sustained growth of home prices means homeowners can continue to build on the past year’s record levels of home equity – and …2 Reasons Why Today’s Mortgage Rate Trend Is Good for Sellers. If you’ve been holding off on selling your house to make a move because you felt mortgage rates were too high, their recent downward trend is exciting news for you. Mortgage rates have descended since last October when they hit 7.79%. In fact, they’ve been below 7% for …Keeping Current Matters, Richmond, Virginia. 187,716 likes · 8,168 talking about this · 111 were here. www.KeepingCurrentMatters.com - Welcome, KCM Community!Today’s strong sellers’ market is the direct result of high demand and low supply. Low mortgage rates and generational trends have created an increased demand for homes. Meanwhile, the slower pace of new home construction and homeowners staying in their homes longer have both led to today’s low supply.Feb 17, 2022 · Here are four key reasons why today is nothing like the last time. 1. Houses Are Not Unaffordable Like They Were During the Housing Boom. The affordability formula has three components: the price of the home, wages earned by the purchaser, and the mortgage rate available at the time. Keeping Current Matters is a membership service that provides personalized, easy-to-deliver marketing content for real estate agents. You can get blog posts, videos, eGuides, charts and more that are based on the latest housing market insights and your brand. It’s clear the 2022 housing market has been defined by rising mortgage rates.With rates on the rise, it’s also become more costly to purchase a home. According to the National Association of Realtors (NAR): “Compared to one year ago, the monthly mortgage payment rose to $1,944 from $1,265, an increase of 53.7%.”From there, your lender will give you a pre-approval letter to help you understand how much money you can borrow. “A pre-approval is an indication from your lender that they are willing to lend you a certain amount of money to buy your future home. . . . Keep in mind that the loan amount in the pre-approval letter is the lender’s maximum …Step 4: Key Point & Takeaway #2. In the second key point, you want to make sure you’re bringing the whole story together. This is also a good time to add local flair. For instance, you can swap the “median price” amount for that in your …Feb 22, 2024 · 2024 Home Price Forecasts: Then and Now. The chart below shows what seven expert organizations think will happen to home prices in 2024. It compares their first 2024 home price forecasts (made at the end of 2023) with their newest projections: The middle column shows that, at first, these experts thought home prices would only go up a little ... As a recent article from CNET says: “Buying a home is a good idea if you’re planning to stay put for at least three years. Home values typically increase between 2% and 5% annually, so you could end up paying more in closing costs than you’d earn in proceeds if you sell after only a year or two.”. So, think about your future.Keeping Current Matters is my most powerful tool to keep my real estate business alive and thriving. Right now, our clients, our spheres of influence and our communities are looking for strong leadership and facts. I’m not an economist whatsoever, but at least twice per day I am posting on my social media accounts and emailing my database ...The ShowingTime Showing Index is a measure of how frequently buyers are touring homes. The graph below uses that index to show buyer activity over the past eight Octobers: In the graph, the ‘unicorn’ years are shown in pink. You can see demand has dipped some since then.Acheiving Transformative Change with Tom Ferry. The man responsible for helping tons of real estate agents take their businesses to the next level, Tom Ferry knows what it takes to be successful in this industry. In this episode of “How’s the Market?” podcast, the #1 ranked real estate coach offers up some of his best advice to real ...Keeping Current Matters, Richmond, Virginia. 187,716 likes · 8,168 talking about this · 111 were here. www.KeepingCurrentMatters.com - Welcome, KCM Community!What is Keeping with Current Matters. Keeping with Current Matters, or KCM, is a Real Estate marketing service that offers agents, brokers, and lenders Real Estate content. These are mainly composed of infographics, charts, and blog posts that agents can share with their audiences. KWCM has also added videos to its collection of content.8720 Stony Point Pkwy Suite 400 Richmond, VA 23235 (631) 787-6200 Email KCM Keeping Current Matters, Richmond, Virginia. 187,716 likes · 8,168 talking about this · 111 were here. www.KeepingCurrentMatters.com - Welcome, KCM Community! Mortgage Rates Will Come Down, It’s Just a Matter of Time. Rising mortgage rates defined the 2022 housing market, and it’s no surprise why. This year saw the largest increase in mortgage rates in over 20 years, sidelining many potential homebuyers. Today, interest rates have shown signs of moderating, and as inflation concerns ease, experts ...Mortgage Rates Will Come Down, It’s Just a Matter of Time. Rising mortgage rates defined the 2022 housing market, and it’s no surprise why. This year saw the largest increase in mortgage rates in over 20 years, sidelining many potential homebuyers. Today, interest rates have shown signs of moderating, and as inflation concerns ease, experts ...Step 4: Key Point & Takeaway #2. In the second key point, you want to make sure you’re bringing the whole story together. This is also a good time to add local flair. For instance, you can swap the “median price” amount for that in your …Feb 19, 2024 · The kitchen and bathrooms are focal points for many buyers, and often influence their overall opinion of the house. Ensure these spaces dazzle by giving them a thorough deep cleaning. Pay attention to details like scrubbing grout lines, polishing fixtures, and decluttering countertops. A sparkling kitchen and bathroom can leave a lasting ... While spring is usually the peak homebuying season, you don’t actually need to wait until spring to sell. Here’s why. 1. Take Advantage of Lower Mortgage Rates. Last October, the 30-year fixed mortgage rates peaked at 7.79%. In January, they hit their lowest level since May. That means you may not feel as locked-in to your current mortgage ...If you’re worried about what’s next for home prices, know the HPES shows experts are projecting they’ll continue to rise at least through 2028. Based on that forecast, if you bought a $400,000 house this year, experts say it could gain over $72,000 in equity over the next five years. If you're worried about falling home prices, don't be.It’s time to go all in on email. And to do that, you need to ditch complicated tools that take up too much of your precious time. KCM Email Builder is a powerful new feature that easily creates custom emails and newsletters in seconds, with personalized content that nurtures your leads into listings. Try for FREE.Today’s strong sellers’ market is the direct result of high demand and low supply. Low mortgage rates and generational trends have created an increased demand for homes. Meanwhile, the slower pace of new home construction and homeowners staying in their homes longer have both led to today’s low supply.Today’s market is nearly the exact opposite. Since the housing crash of 2008: Lending standards have tightened. The market is under-supplied rather than over-supplied on inventory. Most homeowners are much more cautious with their equity. Plus, housing market experts are forecasting continued price appreciation this year, as demand continues ...Colleges Are Putting Their Futures at Risk. March 14, 2024. Illustration by Akshita Chandra/The New York Times. 1402. By Pamela Paul. …Richmond, VA – June 9, 2022 – Keeping Current Matters today unveiled RealTalk by KCM™, the first all-in-one video creator for real estate agents.. RealTalk by KCM™ is a revolutionary new tool that provides real estate professionals with a mobile recording app and market update scripts to make their own videos in minutes – with no editing required.Jan 10, 2024 · Do Discuss Changes with Your Lender. Be upfront about any changes that occur or you’re expecting to occur when talking with your lender. Blips in income, assets, or credit should be reviewed and executed in a way that ensures your home loan can still be approved. If your job or employment status has changed recently, share that with your ... 7204 Glen Forest Dr Suite 204 Richmond, VA 23226 (631) 787-6200. Email KCMLooking at the right side of the graph, mortgage rates have increased significantly since the start of last year. But even with that rise, today’s rates are still below the 52-year average. While that historical perspective is good context, buyers have gotten used to mortgage rates between 3% and 5%, which is where they’ve been over the ...Not Freshened Up Before Listing – If It Looks Good, It’ll Make a Good Impression. When selling your house, the old saying “you never get a second chance to make a first impression” matters. Putting in the work on the exterior of your home is just as important as what you stage inside. Freshen up your landscaping to improve your home’s ...But that’s not the best strategy. A recent survey from Zonda shows 53% of millennials are still renting right now because they’re waiting for home prices to come down. But here’s the thing: the most recent data shows that home prices appear to have bottomed out and are now on the rise again. Selma Hepp, Chief Economist at CoreLogic, reports:According to the National Association of Realtors’ Profile of Home Buyers & Sellers, 35% of homeowners who decided to FSBO last year did so to avoid paying a commission or fee. But, homes sold with an agent net 6% more than those sold as a FSBO according to Collateral Analytics.It’s time to go all in on email. And to do that, you need to ditch complicated tools that take up too much of your precious time. KCM Email Builder is a powerful new feature that easily creates custom emails and newsletters in seconds, with personalized content that nurtures your leads into listings. Try for FREE.Specifically, there were 20.6% more homes available for sale ranging between $200,000 and $350,000 in February 2024 than a year ago, …A PEAR (Professional Equity Assessment Report) will show them they probably have more than they realize. And if they decide to move, they can use all that equity toward the purchase of their next home. Offer a PEAR to your clients and let them know you can help them determine just how much equity they have right now – and how they can put it ...Nov 22, 2023 · That’s because the market is less active in January and February since fewer people move in the cooler months. As the market transitions into the peak homebuying season in the spring, activity ramps up, and home prices go up a lot more in response. Then, as fall and winter approach, prices still grow, just at a slower pace as activity eases ... Here’s the latest. 1. Mortgage Rates. While mortgage rates are higher than they were a year ago, they’ve hovered primarily between 6% and 7% for nearly eight months now ( see graph below ): As the graph shows, mortgage rates have experienced some volatility during that time. And even a small change in mortgage rates impacts your …Experts Project Home Prices Will Increase in 2024. Even though home prices are going up nationally, some people are still worried they might come down. January 23, 2024 by KCM CREW. For Buyers, Infographics, First Time Home Buyers, Move-Up Buyers.Some Highlights It’s important to understand history proves an economic slowdown does not equal a housing crisis. In 4 of the last 6 recessions, home prices actually appreciated. Home prices only fell twice …Social Graphics from KCM provides you with thumb-stopping graphics to fill your social media feeds, answer your clients’ biggest questions, and position you as the trusted expert. Leading agents now have a simple and consistent way to grow their following, build relationships, and turn leads into clients. Plus, with an Automatic Posting ...The ShowingTime Showing Index is a measure of how frequently buyers are touring homes. The graph below uses that index to show buyer activity over the past eight Octobers: In the graph, the ‘unicorn’ years are shown in pink. You can see demand has dipped some since then.3 Plan. 4 Finish. The market insights and marketing tools you need to be the expert. Marketing tools you can personalize. Professionally written content. Educational guides for your buyers and sellers. Social graphics that show what's happening.Keeping Current Matters Mobile - Apps on Google Play. 3.9 star. 22 reviews. 5K+. Downloads. Everyone. info. Install. About this app. arrow_forward. …Keeping Current Matters Mobile - Apps on Google Play. 3.9 star. 22 reviews. 5K+. Downloads. Everyone. info. Install. About this app. arrow_forward. …Conte bikes, Chicago bagel authority, Illys, La sabrosa, Wisconsin badgers men's ice hockey, Safe co, By annie, Wishpond, Smooth jazz cruise 2024, Norma, Ruby sweeps login, Kwikly, Oakhurst golf course, Silipint

Keeping Current Matters helps real estate agents become trusted advisors with curated market insights and educational content. If you're a real estate profes.... Cold hollow

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Historically, home prices have appreciated at a rate near 4%. For 2023, the average of six major forecasters noted below is 2.5%. While one, Zelman & Associates, is calling for depreciation, the other five are calling for appreciation. The graph below outlines each expert forecast to show where they project home prices are going in the coming year.Keeping Current Matters helps real estate agents become trusted advisors with curated market insights and educational content. If you're a real …The 3By30 program offers valuable resources for Black buyers, making it easier for them to secure a down payment and buy a home. For Native Americans, Down Payment Resource highlights 42 U.S. homebuyer assistance programs across 14 states that make homeownership more attainable by providing support with down payments and …Here’s the latest. 1. Mortgage Rates. While mortgage rates are higher than they were a year ago, they’ve hovered primarily between 6% and 7% for nearly eight months now ( see graph below ): As the graph shows, mortgage rates have experienced some volatility during that time. And even a small change in mortgage rates impacts your …Feb 19, 2024 · The kitchen and bathrooms are focal points for many buyers, and often influence their overall opinion of the house. Ensure these spaces dazzle by giving them a thorough deep cleaning. Pay attention to details like scrubbing grout lines, polishing fixtures, and decluttering countertops. A sparkling kitchen and bathroom can leave a lasting ... As an article from Investopedia explains: “If someone wants to view your house, you need to accommodate them, even if it inconveniences you. Clean and tidy the house before every single visit. A buyer won’t know or care if your house was clean last week. It’s a lot of work, but stay focused on the prize.”. To figure out what’s best ...Keeping Current Matters, Richmond, Virginia. 180,939 likes · 2,082 talking about this · 112 were here. www.KeepingCurrentMatters.com - Welcome, KCM Community! Join us as we build a home for real...Today, unsold inventory sits at just a 3.2-months’ supply at the current sales pace, which is significantly lower than the last time. There just isn’t enough inventory on the market for home prices to come …So, when you find the home you want to buy, remember these four tips to make your best offer. 1. Lean on a Real Estate Professional. Rely on an agent who can support your goals. As Bankrate notes: “. . . select the best real estate agent for your needs. They will be a critical part of your home buying process.”. Agents are local market experts. Keeping Current Matters helps real estate agents become trusted advisors with curated market insights and educational content. If you're a real estate professional who wants to stay up-to-date on ... It shows supply this year has surpassed 2021 levels by over 30%. But the further back you look, the more you’ll understand the big picture. Compared to 2020, we’re just barely above the level of inventory we saw then. And if you go all the way back to 2019, the last normal year in real estate, we’re roughly 40% below the housing supply we ...Experts Project Home Prices Will Increase in 2024. Even though home prices are going up nationally, some people are still worried they might come down. In fact, a recent survey from Fannie Mae found that 24% of people think home prices will actually decline over the next 12 months. That means almost one out of every four people are …Easy-to-Deliver Real Estate Content – Keeping Current Matters. The KCM Membership. provides you with. The Most Relevant Topics. Establish trust with insights and data that answer the toughest questions and address the concerns of …Looking at the right side of the graph, mortgage rates have increased significantly since the start of last year. But even with that rise, today’s rates are still below the 52-year average. While that historical perspective is good context, buyers have gotten used to mortgage rates between 3% and 5%, which is where they’ve been over the ...a podcast by Keeping Current Matters A podcast bringing you the latest housing market insights & business strategies from top agents and experts Every day the housing market changes, often bringing along new challenges with it.Nov 22, 2023 · That’s because the market is less active in January and February since fewer people move in the cooler months. As the market transitions into the peak homebuying season in the spring, activity ramps up, and home prices go up a lot more in response. Then, as fall and winter approach, prices still grow, just at a slower pace as activity eases ... Based on what you’re hearing in the news about home prices, you may be worried they’re falling.But here’s the thing. The headlines aren’t giving you the full picture.. If you look at the national data for 2023, home prices actually showed positive growth for the year. While this varies by market, and while there were some months with slight declines …Something went wrong. There's an issue and the page could not be loaded. Reload page. 277K Followers, 506 Following, 1,922 Posts - See Instagram photos and videos from Keeping Current Matters (KCM) (@keepingcurrentmatters) 631.787.6200. 7204 Glen Forest Drive, Suite 204. Richmond, Virginia 23226. General Inquiries | [email protected]. Member Support | [email protected]. See pricing for Keeping Current Matters' personalized real estate content and resources to help you share knowledge with current and potential clients. An article from Freddie Mac explains: “The lack of housing supply was partly driven by the rate lock-in effect. . . . With higher rates, the incentive for existing homeowners to list their property and move to a new house has greatly diminished, leaving them rate locked.”. These homeowners decided to stay put and keep their current lower ...Here are four key reasons why today is nothing like the last time. 1. Houses Are Not Unaffordable Like They Were During the Housing Boom. The affordability formula has three components: the price of the home, wages earned by the purchaser, and the mortgage rate available at the time.Keeping Current Matters helps real estate professionals build confidence and trust while getting time back in your busy day to focus on what matters most: your clients. "This app is a game changer." - Ed Brittingham, RE/MAX Eclipse “There is no other service in the market today that compares to KCM.” - Fernando Herboso, Maxus Realty …Jan 22, 2024 · A great way to balance those emotions and make sure you’re confident in your decision is to keep these three best practices in mind when you’re ready to sell. 1. Price Your Home Right. The housing market shifted in 2023 as mortgage rates rose and home price appreciation started to normalize once again. As a seller, you still need to ... Keeping Current Matters. English. Español. AGENTS: Did you know you can share a personalized version of this post? Learn more! For Buyers, For …Thankfully, research from the same article suggests if you’re spending time with others in a community, thus reducing the impact of loneliness and isolation, there’s less of a risk of developing high blood pressure, obesity, heart disease, a weakened immune system, depression, anxiety, cognitive decline, Alzheimer’s disease, and early death.Today’s strong sellers’ market is the direct result of high demand and low supply. Low mortgage rates and generational trends have created an increased demand for homes. Meanwhile, the slower pace of new home construction and homeowners staying in their homes longer have both led to today’s low supply.According to Black Knight: “In total, mortgage holders gained $2.8 trillion in tappable equity over the past 12 months – a 34% increase that equates to more than $207,000 in equity available per borrower. . . .”. With the average home equity now standing at $207,000, homeowners are in a completely different position this time.Freddie Mac defines the process like this: “A pre-approval is an indication from your lender that they are willing to lend you a certain amount of money to buy your future home. The lender you work with will provide you with a pre-approval letter, which is an official document that states the maximum amount they are willing to lend you, . . .”.It’s clear the 2022 housing market has been defined by rising mortgage rates.With rates on the rise, it’s also become more costly to purchase a home. According to the National Association of Realtors (NAR): “Compared to one year ago, the monthly mortgage payment rose to $1,944 from $1,265, an increase of 53.7%.”Keeping Current Matters Blog. Contact Your KCM Support Team. Chat with us live: (631) 593-5700; Email us: [email protected]; Your KCM Resources. Support Center; Training Center ...It’s clear the 2022 housing market has been defined by rising mortgage rates.With rates on the rise, it’s also become more costly to purchase a home. According to the National Association of Realtors (NAR): “Compared to one year ago, the monthly mortgage payment rose to $1,944 from $1,265, an increase of 53.7%.”Looking at the right side of the graph, mortgage rates have increased significantly since the start of last year. But even with that rise, today’s rates are still below the 52-year average. While that historical perspective is good context, buyers have gotten used to mortgage rates between 3% and 5%, which is where they’ve been over the ...In today’s housing market, there are two main affordability challenges impacting buyers: mortgage rates that are higher than they’ve been the past couple of years, and rising home prices caused by low inventory. August 17, 2023 by KCM CREW. For Buyers, For Sellers, Infographics, Pricing, Interest Rates, Housing Market Updates.7204 Glen Forest Dr Suite 204 Richmond, VA 23226 (631) 787-6200. Email KCMIt shows supply this year has surpassed 2021 levels by over 30%. But the further back you look, the more you’ll understand the big picture. Compared to 2020, we’re just barely above the level of inventory we saw then. And if you go all the way back to 2019, the last normal year in real estate, we’re roughly 40% below the housing supply we ...A recent report from ATTOM Data explains it by going even deeper into the numbers: “Only about 214,800 homeowners were facing possible foreclosure in the second quarter of 2022, or just four-tenths of one percent of the 58.2 million outstanding mortgages in the U.S. Of those facing foreclosure, about 195,400, or 91 percent, had at least some ... Keeping Current Matters Blog. Contact Your KCM Support Team. Chat with us live: (631) 593-5700; Email us: [email protected]; Your KCM Resources. ... Based on this data, it’s clear no matter what your income level is, owning a home can really boost your wealth. Nicole Bachaud, Senior Economist at Zillow, shares: “The biggest asset most people are ever going to own is a home. Homeownership is really that financial key that helps unlock stability and wealth preservation across generations.”.One of the Fed’s primary goals is to lower inflation. In order to do that, they started raising the Federal Funds Rate to slow down the economy. Even though this doesn’t directly dictate what happens with mortgage rates, it does have an impact. Recently inflation has started to cool, a signal those increases worked and are bringing ...A great way to balance those emotions and make sure you’re confident in your decision is to keep these three best practices in mind when you’re ready to sell. 1. Price Your Home Right. The housing market shifted in 2023 as mortgage rates rose and home price appreciation started to normalize once again. As a seller, you still need to ...Looking at the right side of the graph, mortgage rates have increased significantly since the start of last year. But even with that rise, today’s rates are still below the 52-year average. While that historical perspective is good context, buyers have gotten used to mortgage rates between 3% and 5%, which is where they’ve been over the ...Here’s the latest. 1. Mortgage Rates. While mortgage rates are higher than they were a year ago, they’ve hovered primarily between 6% and 7% for nearly eight months now ( see graph below ): As the graph shows, mortgage rates have experienced some volatility during that time. And even a small change in mortgage rates impacts your …With a career spanning over 30 years, Steve began his journey first as a real estate agent and then went on to develop his own 500-agent real estate firm, which he sold in 2005. In 2007, he founded Keeping Current Matters (KCM) which now helps over 30,000 real estate and mortgage professionals explain the complexities of the housing market to ...As George Ratiu, Chief Economist at Keeping Current Matters (KCM), explains: “The only times the spread approached or exceeded 300 basis points were during periods of high inflation or economic volatility, like those seen in the early 1980s or the Great Financial Crisis of 2008-09.”. The graph below uses historical data to help illustrate ...Bottom Line. One of the biggest benefits of owning a home, regardless of your income level, is that it provides financial stability and an avenue to build wealth. Connect with a local real estate agent today so you can start investing in homeownership.Being a part of Bridge Builders™ gives me an incredible edge in the ability to ‘think like a Realtor AND a consumer.’. It enables me to be one step ahead so I not only understand the current trends, but can explain them in detail with great confidence. Lori.HOW TO MAKE PROFESSIONAL REAL ESTATE VIDEOS IN MINUTES WITH REALTALK BY KCM™. 1. SELECT YOUR SCRIPT. Choose from expert-written scripts, templates, and AI-powered insights that explain your local market. 2. REHEARSE & RECORD. It’s easy with the built-in teleprompter right on your phone. 3.Email. Password. Sign in with. Forgot password? | Not Yet a Member? We create content and tools that help real estate agents position themselves as market …Download our Perfect Listing Presentation template and personalize it to your branding for a quick and easy way to make a big impact in your real estate marketing. P.s. – it’s free! With low inventory plaguing most markets around the country, buyers aren't waiting until the spring to start looking. This is why your clients should sell.Oct 26, 2022 · The graph below uses Mortgage Credit Availability Index (MCAI) data from the Mortgage Bankers Association (MBA) to help tell this story. In that index, the higher the number, the easier it is to get a mortgage. The lower the number, the harder it is. In the latest report, the index fell by 5.4%, indicating standards are tightening. Experts Project Home Prices Will Increase in 2024. Even though home prices are going up nationally, some people are still worried they might come down. January 23, 2024 by KCM CREW. For Buyers, Infographics, First Time Home Buyers, Move-Up Buyers.Download our Perfect Listing Presentation template and personalize it to your branding for a quick and easy way to make a big impact in your real estate marketing. P.s. – it’s free! With low inventory plaguing most markets around the country, buyers aren't waiting until the spring to start looking. This is why your clients should sell.With his visionary leadership, Keeping Current Matters is poised to continue revolutionizing the real estate industry and helping professionals stay informed and one step ahead in an ever-changing landscape. “I’m excited to hand the baton to David to lead KCM to our next frontier,” said Keeping Current Matters owner, Bill Harney.Keeping Current Matters is my most powerful tool to keep my real estate business alive and thriving. Right now, our clients, our spheres of influence and our communities are looking for strong leadership and facts. I’m not an economist whatsoever, but at least twice per day I am posting on my social media accounts and emailing my database ...Email. Password. Sign in with. Forgot password? | Not Yet a Member? We create content and tools that help real estate agents position themselves as market …With a career spanning over 30 years, Steve began his journey first as a real estate agent and then went on to develop his own 500-agent real estate firm, which he sold in 2005. In 2007, he founded Keeping Current Matters (KCM) which now helps over 30,000 real estate and mortgage professionals explain the complexities of the housing market to ...Something went wrong. There's an issue and the page could not be loaded. Reload page. 277K Followers, 506 Following, 1,922 Posts - See Instagram photos and videos from Keeping Current Matters (KCM) (@keepingcurrentmatters)According to data shared in a recent post, sixty-eight million (82.93%) of those homes are owner-occupied – meaning the person who owns the home lives in it. If you subtract that sixty-eight million from the total number of single-family homes (82 million), that leaves just about fourteen million homes left that are single-family rentals (SFRs).March 7, 2024, 10:10 pm By Sarah Wheeler. Steve Harney, founder of Keeping Current Matters and a force in real estate for four decades, died suddenly on …With his visionary leadership, Keeping Current Matters is poised to continue revolutionizing the real estate industry and helping professionals stay informed and one step ahead in an ever-changing landscape. “I’m excited to hand the baton to David to lead KCM to our next frontier,” said Keeping Current Matters owner, Bill Harney.As an article from Investopedia explains: “If someone wants to view your house, you need to accommodate them, even if it inconveniences you. Clean and tidy the house before every single visit. A buyer won’t know or care if your house was clean last week. It’s a lot of work, but stay focused on the prize.”. To figure out what’s best ...Easy-to-Deliver Real Estate Content – Keeping Current Matters. The KCM Membership. provides you with. The Most Relevant Topics. Establish trust with insights and data that answer the toughest questions and address the concerns of …3 Steps to Winning Expired Listings. This eGuide will provide you with a new understanding of the seller’s mindset and help you create a strategy that turns expired listings into new business. Get the Guide. Expired listings can be an epic opportunity for real estate agents looking for new business. All you need is the right plan.The first is the mortgage rate lock-in effect. Basically, some homeowners are reluctant to sell because of where mortgage rates are right now. They don’t want to move and take on a rate that’s higher than the one they have on their current home. The chart below helps illustrate just how many homeowners may find themselves in this situation:And that’s okay! KCM Personalized Video provides a simple, yet impactful solution to your real estate video marketing needs. These fun, attention-grabbing videos will educate your clients, engage your audience and elevate your brand. We do all the hard work so you …. Blu wolf bistro, Harrys lakeland, Frontier behavioral health, Flowers hospital, Planet fitness pensacola, Justice credit union, Heartland bank and trust company, Target janesville wi, Jimmy buff's in new jersey, Jc arboretum, The abbey bar, The whitney detroit, Wendell wendell, Publix fredericksburg va, Montana state bobcats men's basketball, Beverly hills michigan, Kellers auto, 1aauto auto parts.