Buying a Home

Sept. 6, 2018

What Does the Future Hold for Home Prices?

What Does the Future Hold for Home Prices? | MyKCM

Home prices are at the top of everyone’s minds. Can they maintain their current pace of appreciation? Will rising mortgage rates negatively impact home values? Will the next economic slowdown cause prices to crash?

Let’s try to answer these questions based on what has happened …

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Posted in Buying a Home
Sept. 5, 2018

Homeownership is a Dominant Gene

Homeownership is a Dominant Gene | MyKCM

There are many things that factor into the decision to buy a home. New research from the Urban Institute suggests that one of those things may be inherited from your parents.

Children are More Likely to Own a Home if Their Parents Did

According …

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Posted in Buying a Home
Sept. 4, 2018

Rents Are on The Rise: Don’t Get Caught in The Rental Trap!

Rents Are on The Rise: Don’t Get Caught in The Rental Trap! | MyKCM

There are many benefits to homeownership, but one of the top benefits is protecting yourself from rising rents by locking in your housing cost for the life of your mortgage.

Don’t Become Trapped 

A recent article by Apartment List addressed rising rents by …

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Posted in Buying a Home
Aug. 27, 2018

Rent or Buy: Either Way You’re Paying A Mortgage!

Rent or Buy: Either Way You’re Paying A Mortgage! | MyKCM

There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.

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Posted in Buying a Home
Aug. 24, 2018

What State Gives You the Most ‘Bang for Your Buck’? [INFOGRAPHIC]

What State Gives You the Most ‘Bang for Your Buck’? [INFOGRAPHIC] | MyKCM

Some Highlights:

  • The majority of states in the Midwest and South offer a lower cost of living than states in the Northeast and West.
  • The ‘biggest bang for your buck’ comes in Mississippi where, compared to the national average, you can actually purchase …
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Posted in Buying a Home
Aug. 22, 2018

Having Trouble Saving Enough for Your Down Payment? Crowdfund It!

Having Trouble Saving Enough for Your Down Payment? Crowdfund It! | MyKCM

You read that right! First-time buyers across the country are getting creative when it comes to saving the necessary down payment to buy a home.

Many couples are asking their wedding guests to contribute to their “Down Payment Fund” rather than fulfilling a traditional registry. …

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Posted in Buying a Home
Aug. 21, 2018

Awntel SOLD Encanto-Palmcroft historic home! Thank you Scott and Kelle for the review!

After 14 months of being on the market, we came in and SOLD the house within 3 weeks. This is so powerful, thank you Scott and Kelle! 

Chant and I are so grateful for all of our clients. All of you are the coolest and BEST ever. -AWNTEL

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Posted in Buying a Home
Aug. 20, 2018

The Net Worth of a Homeowner is 44x Greater Than A Renter!

The Net Worth of a Homeowner is 44x Greater Than A Renter! | MyKCM

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data, covering 2013-2016 was recently released.

The study revealed that the median net worth of a homeowner was $231,400 …

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Posted in Buying a Home
Aug. 17, 2018

Buying Remains Cheaper Than Renting

The latest Rent vs. Buy Report from Trulia shows that homeownership is still cheaper than renting in 98 of the 100 largest metro areas in the United States. If you are one of the many renters out there who would like to evaluate your ability to buy this year, let’s …

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Posted in Buying a Home
Aug. 17, 2018

The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC]

The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC] | MyKCM

Some Highlights:

  • Interest rates are projected to increase steadily heading into 2019.
  • The higher your interest rate, the more money you end up paying for your home and the higher your monthly payment will be.
  • Rates are still low right now – …
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Posted in Buying a Home