Market Updates

Feb. 25, 2022

Popular uses for cash-out refinances

See how you can leverage your home equity for cash.

Cash-out refinance is a popular way for homeowners to tap into their home equity for the funds you need. By replacing your existing mortgage with a new loan for more than you owe on your home, you'll get the ...

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Feb. 18, 2022

The Great Resignation Is Fueled by Retirees

During the past few months, you might've heard the term "Great Resignation" when it comes to the massive number of people leaving their jobs. This term was coined to describe the mass exodus of workers leaving the job market in recent months.

What fueled part of the exodus involved ...

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Feb. 10, 2022

Sellers Have Incredible Leverage in Today’s Market

 

Sellers Have Incredible Leverage in Today’s Market | MyKCM

With mortgage rates climbing above 3% for the first time in months, serious buyers are more motivated than ever to find a home before the end of the year. Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), puts it best, saying:

"Housing demand remains strong as buyers likely want ...

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Jan. 28, 2022

2021 Homes Sales in Georgia - FANTASTIC time to Sell

Once again, 2021 proved that more homes are consistently sold through Georgia MLS than any other MLS in the state

 

Notable Highlights

  • 10% of residential homes were under contract within 1 day.
  • 50% of residential homes were under contract within 1 week.
  • 77% of residential homes were ...
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Sept. 16, 2021

Atlanta Housing Market Update

Statistics Overview - August, 2021

August 2021 Sales and Average Sales Price Overview 

There were 7,803 closings for Residential Single Family Detached in August 2021. This reflects a decrease of  7% over August 2020. 

There were 1,634 closings for Residential Single Family Attached in August 2021. This reflects ...

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July 20, 2021

Georgia Single family Homes Sales in June

Georgia Home Sales in June 2021

The Monthly Housing Indicators for Georgia are in for the month of June. Summer is here and buyers are flooding the market in search of their next homes. Average sales prices have increased 24 percent year over year and inventory was down 43 percent ...
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Posted in Market Updates
July 15, 2021

Housing Supply Is Rising. What Does That Mean for You

Housing Supply Is Rising. What Does That Mean for You? | MyKCM

An important factor in today’s market is the number of homes for sale. While inventory levels continue to sit near historic lows, there are indications we may have hit the lowest point we’ll see. Odeta Kushi, Deputy Chief Economist at First American, recently said of our supply challenges:

It looks like ...

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May 31, 2021

Buying a Single Family Home Is Still Affordable

 

Buying a Home Is Still Affordable | MyKCM

The last year has put emphasis on the importance of one’s home. As a result, some renters are making the jump into homeownership while some homeowners are re-evaluating their current house and considering a move to one that better fits their current lifestyle. Understanding how housing affordability works and ...

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April 23, 2021

Don’t Be Fooled by Remarkable Real Estate Headlines

 

Don’t Be Fooled by Remarkable Real Estate Headlines | MyKCM

Don’t be impressed by the headlines reporting year-over-year housing numbers for the next several months (data covering March, April, May, and June). The data will most likely show eye-popping one-year increases.

While the year-over-year jumps will certainly be striking, consumers should take these numbers with a grain of salt ...

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Feb. 25, 2021

How Much Leverage Do Today’s House Sellers Have

How Much Leverage Do Today's House Sellers Have? | MyKCM

The housing market has been scorching hot over the last twelve months. Buyers and their high demand have far outnumbered sellers and a short supply of houses. According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), sales are up 23.7% from the same time ...

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