Are Short Sales the Way to Go?

Based on a recent study by the Minneapolis Area Association of Realtors, Lenders are increasingly trying to limit the number of foreclosed homes by raising the number of short sales. In August 2011, as compared to August of 2010, short sale closings were up 29%! There are three good reasons for that: 1. Lenders have […]

Short Sale vs. Foreclosure: A Short Sale Always Wins

Today’s ever changing real estate industry has brought upon some very challenging questions from our clients. We as counselors, want to put forth the best, non-emotional advice that we can, in hopes that we can help our clients and their families navigate the rough waters of the short sale process. The most prevalent question and […]

Weekly Market Update – October 4, 2011

New Listings: Sellers posted their smallest decline in newly listed homes in three months. The 1,320 new properties were 4.8 percent fewer than the same week last year. What’s causing the shift? New listings dropped at this time last year while current levels held fairly even with last week. Active Supply: The 22.6 percent year-over-year […]

6 Ways to Cut Back on Utility Costs

With rising utility costs and overall living expenses, people everywhere are looking for creative ideas on how to reduce spending.  One of these major areas that can have a significant impact on your bottom line long-term is with heating, cooling and electric bills. Therefore, it is important to take strides whenever possible to help alleviate […]

Market Update for September 27, 2011

“How’s the Market?” (Elevator Edition): New listings remain subdued with 15 weeks in a row of year-over-year declines. Buyer activity is strong with 19 straight weeks of year-over-year gains. Inventory has posted 31 consecutive weeks of year-over-year decreases. “How’s the Market?” (Dinner Conversation Edition): New listings were down 22.5 percent to 1,311 and pending sales […]

4 Tools to Help You Clear Your Yard of Fall Debris

Just for fun, take an inventory of all the leaf removal tools cluttering your garage. If you’re like me, you’ve got a half-dozen rakes of different sizes and materials, a couple of blowers in various states of repair, and a couple of infomercial gadgets that promise to make annual leaf gathering faster and easier. In […]

How To Pick Your Lender

by Dean Hartman and the KCM Blog In the whirl wind that surrounds the home buying and mortgage process, how can a consumer be sure that they are working with the right lender? I mean there are so many choices…here’s some things to consider: What type of company is it? There are mortgage brokers, mortgage […]

Home Sales: Investors Are About to Return

by The KCM Crew on September 20, 2011 Sales in the housing industry have remained stagnant over the last several months. Though certain categories of purchasers have remained stable and even increased, the number of cash buyers and investors has dramatically decreased. Researchers from Capital Economics recently reported: “The firm has found that since January, […]

Market Update for September 20, 2011

With the Labor Day slowdown in the mix for the current round of numbers, new listings were down 21.2 percent compared to the 12.9 percent average decline over the past three months. At 1,248 new homes, that now marks 14 consecutive weeks of year-over-year declines in new listings. Inventory levels were also down 21.2 percent […]