Posts with tag 'Market Updates'

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February
2

February 2nd, 2017 by
No Matter What the Groundhog Says, Here are 5 Reasons to Sell Before Spring! | MyKCM

Is spring closer than we think? Depending on which groundhog you listen to today, you may have less time than you think to get your home on the market before the busy spring season.

Many sellers feel that the spring is the best time to place their homes on the market as buyer demand traditionally increases at that time of year. However, the next six weeks before spring hits also have their own advantages.

Here are five reasons to sell now.

1. Demand is Strong 

Foot traffic refers to the number of people who ar...

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Categories: Area News and Information
Tags: real estate, Mansfield OH, homes, listing, today's real estate market, sales, Sellers, Market Updates, For Sellers, House sales
February
1

February 1st, 2017 by

The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) surveys "over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions" for their monthly REALTORS Confidence Index.

Their latest edition sheds some light on the relationship between Seller Traffic (supply) and Buyer Traffic (demand).

Buyer Demand

The map below was created after asking the question: "Ho...

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Categories: Area News and Information
Tags: Mansfield OH, listing, making offer, Market Updates, First Time Homebuyers, For Buyers, For Sellers, buyers
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
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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