Blog articles

Short Sales – 10 Common Myths Busted

February 11, 2013

by Brandon Brittingham on February 6, 2013 It’s likely you’ve heard the term “short sale” thrown around quite a bit. What exactly is a short sale? A short sale is when a bank agrees to accept less than the total amount owed on a mortgage to avoid having to foreclose on the property. This is […]

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Cash buyers, investment uptick boost Southern California median home price 20 percent

February 4, 2013

By Gregory J. Wilcox, Staff Writer Southern California’s median home price jumped 20 percent in December from a year ago, driven by strong investment activity, a record number of cash buyers and a continued shift to mid- and high-end sales, a market tracker said Tuesday. Sales also showed strength, increasing 5 percent from December 2011 and […]

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25% raise

December 26, 2012

California home prices rose 25 percent in the 12 months through November, the most in eight years, as demand rose in expensive coastal areas, the state Realtors group said Tuesday. The median price of an existing, single-family detached home was $349,300 last month, up from $279,910 a year earlier, the California Association of Realtors said. The last time […]

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Housing Market Uptrend Expected Through 2014

November 14, 2012

ORLANDO (November 9, 2012) – The housing market recovery should continue through the coming years, assuming there are no further limitations on the availability of mortgage credit or a “fiscal cliff,” according to forecast presentations at a residential forum here at the 2012 Realtors®Conference and Expo. Lawrence Yun , chief economist of the National Association of […]

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Does the picture tell the whole story?

October 11, 2012

By Melinda Fulmer of MSN Real Estate Today more than ever, it’s the photos that sell a home, as buyers spend evenings and weekends on their couches poring over slide shows on iPads or laptops. We asked one of the nation’s top visual-marketing experts for advice on evaluating listing photos so buyers can whittle down […]

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What Does QE3 Mean to Housing?

September 21, 2012

by The KCM Crew on September 18, 2012 · UPDATE: Some of our readers wanted a clear definition of what QE3 actually is. The best explanation we have seen can be read here. The article was posted prior to the decision to move forward by Mr. Bernanke . Fed Chairman Ben Bernanke announced last week […]

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The Finances of Renting vs. Buying

September 14, 2012

by The KCM Crew on September 14, 2012 Trulia reported this week that homeownership is 45% cheaper than renting in the United States. Jed Kolko, Trulia’s Chief Economist explained: “Homeownership is cheaper than renting in all of the 100 largest metros, by a wide margin. Despite the recent price rebound, rents continue to rise faster […]

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U.S. home prices make biggest jump in 6 years

September 7, 2012

By Tiffany HsuSeptember 4, 2012 Nationwide home prices shot up 3.8% in July, making their largest year-over-year leap since 2006, according to real estate data provider CoreLogic. The gain marks the fifth straight rise in the gauge, part of a positive swing following a year and a half of slumps. The last time prices rose so […]

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Short Sales vs Foreclosures: The Banks’ Preference

August 30, 2012

by The KCM Crew on August 24, 2012 For months now, we have been letting everyone know that banks were going to begin shifting their focus when liquidating distressed properties. They would start supporting short sales over foreclosures. There is no longer any doubt this is now the new normal. In a recent news release, […]

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Shadow Inventory: It’s Not as Scary as It Looks

August 23, 2012

by Nick Timiraos with the Wall Street Journal August 14, 2012 The housing market is improving because there are more buyers chasing fewer homes. Skeptics of a housing bottom, however, often point to a scary set of numbers: the “shadow inventory” of potential foreclosures—the millions of mortgages that are either inforeclosure or in default. It’s true that home […]

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