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November
8

November 8th, 2016 by

 

It's Not Always Marriage Before Mortgage | MyKCM

There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they are married and have a family. Others may think they are too young. And still, others might think their current income would never enable them to qualify for a mortgage.

We want to share what the typical first-time homebuyer actually looks like based on the National Association of REALTORS most recent Profile of Home Buyers & Sellers. Here are some interesting statistics on the first-tim...

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Categories: Housing Market
Tags: real estate, realtor, richland county, Sellers, Market Updates, For Buyers, Move-Up Buyers, First Time Homebuyers, Mortgage
November
7

November 7th, 2016 by

NAR Reports Show Now Is a Great Time to Sell! | MyKCM

We all realize that the best time to sell anything is when demand is high and the supply of that item is limited. The last two major reports issued by the National Association of Realtors (NAR) revealed information that suggests that now continues to be a great time to sell your house.

Let's look at the data covered by the latest Pending Home Sales Report and 

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Categories: Housing Market
November
4

November 4th, 2016 by

 

The Difference an Hour Makes This Fall [INFOGRAPHIC] | MyKCM
 
Categories: Housing Market
November
3

November 3rd, 2016 by
Think All Millennials Live in Their Parent's Basement? Think Again! | MyKCM

According to the Census Bureau, millennials have overtaken baby boomers as the largest generation in U.S. History. Millennials, or America's youth born between 1982-2000, now represent more than one quarter of the nation's population, totaling 83.1 million.

There has been a lot of talk about how, as a generation, millennials have 'failed to launch' into adulthood and have delayed moving out of their family's home. Some experts have even questioned whether or not millennials want to move out.

The great news is that not only do millennials want to move...

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Categories: Housing Market
Tags: Sellers, Market Updates, First Time Homebuyers, For Sellers, House sales
November
2

November 2nd, 2016 by
How Long Do Families Stay in a Home? | MyKCM

The National Association of Realtors (NAR) keeps historic data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home. As the graph below shows, for over twenty years (1985-2008), the median tenure averaged exactly six years. However, since 2008, that average is almost nine years – an increase of almost 50%.

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Categories: Housing Market
Tags: Mansfield OH, listing, making offer, Market Updates, First Time Homebuyers, For Buyers, For Sellers, House sales
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