Market Updates

Aug. 17, 2022

Why the Forbearance Program Changed the Housing Market

Why the Forbearance Program Changed the Housing Market | MyKCM

When the pandemic hit in 2020, many experts thought the housing market would crash. They feared job loss and economic uncertainty would lead to a wave of foreclosures similar to when the housing bubble burst over a decade ago. Thankfully, the forbearance program changed that. It provided much-needed relief for ...

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Posted in Market Updates
May 18, 2022

This Housing Market Is Not a Bubble Ready To Pop

Why This Housing Market Is Not a Bubble Ready To Pop

bubbles floating around a house

Homeownership has become a major element in achieving the American Dream. A recent report from the National Association of Realtors (NAR) finds that over 86% of buyers agree homeownership is still the American Dream.

What Caused Homes To Appreciate ...

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Posted in Market Updates
April 7, 2022

Our Expectations for the Spring 2022 Columbus Housing Market

What You Can Expect from the Spring Housing Market | MyKCM

As the spring housing market kicks off, you likely want to know what you can expect this season when it comes to buying or selling a house. While there are multiple factors causing some uncertainty, including the conflict overseas, rising inflation, and the first rate increase from the Federal Reserve ...

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Posted in Market Updates
March 16, 2022

2021 Annual Housing Report

image stating 2021 and has a a house on it

2021 Annual Housing Report

Fervent buyer demand, driven by pandemic-induced changes to housing needs and preferences, reached extraordinary levels in 2021. The inventory of homes for sale remained low, as home seller activity did not rise proportionally to meet this demand.

New construction activity, while strong, remains limited by a ...

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Posted in Market Updates
March 1, 2022

What’s Happening with Mortgage Rates, and Where Will They Go from Here

What’s Happening with Mortgage Rates, and Where Will They Go from Here? | MyKCM

What’s Happening with Mortgage Rates, and Where Will They Go from Here

Based on the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by 1.2% (3.22% to 4.42%) since January of this year. The rate jumped by more than a quarter ...

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Posted in Market Updates
Jan. 21, 2022

Competition Will Be Fierce for Homes in 2022’s 10 Hottest Real Estate Markets

Columbus city picture with text saying10 Hottest Real Estate Markets in 2022Competition Will Be Fierce for Homes in 2022’s 10 Hottest Real Estate Markets

 

This past year has been wildly turbulent for just about everyone, but the waters have been particularly choppy for those who decided to buy or sell a house. From skyrocketing home prices due to record-low inventory ...

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