For Buyers

KCM Share 6 1

Homeowner’s Net Worth Is 45x Greater Than A Renter’s

Homeowner’s Net Worth Is 45x Greater Than a Renter’s | Simplifying The MarketEvery three years, the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400).

Homeowner’s Net Worth Is 45x Greater Than A Renter’s Read More »

EHS Dec KCMcropped

Existing Home Sales Surge Through The Holidays [INFOGRAPHIC]

Some Highlights:

  • November’s Existing Home Sales report revealed that sales are now at an annual pace of 5.61 million which is “now the highest since February 2007 (5.79 million) and is 15.4% higher than a year ago (4.86 million).”
  • Total housing inventory (or the inventory of homes for sale) fell 8.0% from last month and is now 9.3% lower than November 2015.
  • Inventory has dropped year-over-year for the last 18 months.
  • The median price for all home sales in November was $234,900, up 6.8% from last year and marks the 57th consecutive month of year-over-year gains.

Existing Home Sales Surge Through The Holidays [INFOGRAPHIC] Read More »

20161216 Cost Of Interest KCM

The Impact Your Interest Rate Has on Your Buying Power [INFOGRAPHIC]

Some Highlights:Your monthly housing cost is directly tied to the price of the home you purchase and the interest rate you secure for your mortgage.Over the last 30 years, interest rates have fluctuated greatly with rates in the double digits in the 1…

The Impact Your Interest Rate Has on Your Buying Power [INFOGRAPHIC] Read More »