Tuesday, December 3rd, 2013
Where Prices are Headed over the Next 5 Years
Monday, December 2nd, 2013
Ignoring Insurance Risks Can Be Costly
We are pleased to have Carrie Van Brunt-Wiley, editor of the HomeInsurance.com Blog, return as our guest blogger today. The HomeInsurance.com blog serves as a resource center for insurance consumers and homebuyers across the country. â€“ The KCM Crew
Sunday, December 1st, 2013
When Will Mortgage Rates Hit 5%?
byÂ The KCM Crew
The big question for homebuyers is when interest rates will begin to rise to the 5% mark. The effect of a rise in mortgage rates could be a dramatic increase in the monthly mortgage payment when purchasing a home. In an article last week, HousingWire quoted two different sources regarding this issue.
Most experts are projecting that rates will rise when the Fed decides to taper the purchase of bonds which has acted as a stimulus to the housing market by keeping long term mortgage rates at historic lows.
In the article, Sterne Ageeâ€™s managing director and chief economist Lindsey Piegza pointed out:
Click Here For The Full Article
Wednesday, November 27th, 2013
Monthly Skinny: November 2013
Tuesday, November 26th, 2013
Market Activity November 25th, 2013
This week, and through the end of the year, you might be watching for much-needed inventory gains that will not arrive due to traditional end-of-year lulls in the marketplace related to holidays and/or colder weather. Nobody wants to sell at the bottom. In general, inventory pools are up in year-over-year comparisons in many areas, suggestive of seller confidence with recent price gains. Overall recovery is unlikely to stall. The pace of price gains and bidding wars may ease, but that’s not necessarily a bad thing. Just ask any prospective home buyer.
In the Twin Cities region, for the week ending November 16:
â€˘ New Listings decreased 4.2% to 1,003 â€˘ Pending Sales decreased 7.3% to 758 â€˘ Inventory decreased 3.2% to 15,318
For the month of October:
â€˘ Median Sales Price increased 11.4% to $194,900 â€˘ Days on Market decreased 27.2% to 75 â€˘ Percent of Original List Price Received increased 1.4% to 95.8% â€˘ Months Supply of Inventory decreased 12.5% to 3.5
Click Here to View Full Weekly Activity Report