Search Listings

Bay Area California Real Estate Blog and News

What Are Experts Saying About the Rest of 2020?

What Are Experts Saying About
the Rest of 2020? | MyKCM

One of the biggest questions on everyone's minds these days is: What's going to happen to the housing market in the second half of the year? Based on recent data on the economy, unemployment, real estate, and more, many economists are revising their forecasts for the remainder of 2020 – and the outlook is extremely encouraging. Here's a look at what some experts have to say about key areas that will power the industry and the economy forward this year.

Mortgage Purchase Originations: ...

New Index Reveals Impact of COVID-19 on Real Estate

New Index Reveals Impact of
COVID-19 on Real Estate | MyKCM

Earlier this month, realtor.com announced the release of their initial Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing industry, tracking each of the following:

  1. Housing Demand – Growth in online search activity
  2. Home Price – Growth in asking prices
  3. Housing Supply...

What Are the Experts Saying About Future Home Prices?

A worldwide pandemic and an economic recession have had a tremendous effect on the nation. The uncertainty brought about by both has made predicting consumer behavior nearly impossible. For that reason, forecasting home prices has become extremely difficult.

Normally, there's a simple formula to determine the future price of any item: calculate the supply of that item in ratio to the demand for that item. In housing right now, demand far exceeds supply. Mortgage applications to buy a home just rose to the highest level in 11 years while inventory of homes for sale is at (or near) an all-time low. That would usually indicate strong appreciation for home values as we move throughout the year.

Some experts, however, are not convinced the current rush of purchasers...

Homebuyers Are in the Mood to Buy Today

Homebuyers Are in the Mood to
Buy Today | MyKCM

According to the latest FreddieMac Quarterly Forecast, mortgage interest rates have fallen to historically low levels this spring and they're projected to remain low. This means there's a huge incentive for buyers who are ready to purchase. And homeowners looking for eager buyers can take advantage of this opportune time to sell as well.

There's a very positive outlook on interest rates going forward, as the projections from the FreddieMac report indicate continued lows into 2021:...

Is the Economic Recovery Already Underway?

The Wall Street Journal just released their latest monthly Survey of Economists. In an article on the findings, they reported:

The U.S. economy will be in recovery by the third quarter of this year, economists said in a survey that also concluded the labor market will fare better than previously expected following the effects of the coronavirus pandemic.

Clearly, the latest jobs report from the U.S. Bureau of Labor Statistics confirmed the labor market is outperforming expectations, as it revealed that 2.5 million jobs were added. Directly before the release, experts forecasted...

Real Estate Tops Best Investment Poll for 7th Year Running

Real Estate Tops Best
Investment Poll for 7th Year Running | MyKCM

Every year, Gallup conducts a survey of Americans to determine their choice for the best long-term investment. Respondents are asked to select real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds.

For the seventh year in a row, real estate has come out on top as the best long-term investment. Gallup explained:

Real estate remains the most favored investment to Americans, as has been the case since 2013, when the housing market was on the...

Are You Ready for the Summer Housing Market?

Are You Ready for the Summer
Housing Market? | MyKCM

As the health crisis started making its way throughout our country earlier this spring, sellers have been cautious about putting their homes on the market. This hesitation stemmed primarily from fear of the spread of the coronavirus, and understandably so. This abundant caution has greatly impacted the number of homes for sale and slowed the pace of a typically busy spring real estate season. Mark Fleming, Chief Economist at First American ...

Real Estate Will Lead the Economic Recovery

Real Estate Will Lead the
Economic Recovery | MyKCM

With more U.S. states reopening for business this summer, and as people start to return to work, we can expect the economy to begin improving. Most expert forecasts indicate this economic recovery will start to happen in the second half of this year. As we get back to work and the financial landscape of the country begins to turn around, many experts also agree that real estate has the potential to lead the way in the recovery process.

According to ...

The Benefits of Homeownership May Reach Further Than You Think

The Benefits of Homeownership
May Reach Further Than You Think | MyKCM

More than ever, our homes have become an integral part of our lives. Today they are much more than the houses we live in. They're evolving into our workplaces, schools for our children, and safe havens that provide shelter, stability, and protection for our families through the evolving health crisis. Today, 65.3% of Americans are able to call their homes their own, a rate that has risen to its highest point in 8 years.

June is ...

From Our Blog

Posts By Category

All Categories Architectural Homes & New Listings (119) Architectural Homes + Listings (269) East Bay Events (63) Eichler Homes (8) Eichler Homes Forum (44) Events + Happenings (403) Green Living in Marin (73) Just Sold (450) Landscape Design (6) Lofts & Condos (24) Main (263) Marin for Kids (5) Marin Home Staging & Design (9) Marin Market Update (176) Marin Modern News (159) Marin Mortgage News (17) Marin Schools + Education (45) Mortgage & Lending (4) San Francisco (129) Selling Your Home (37) Vendor / Affiliates (1)

Posts By Month

Grab Our RSS Feed
Wine Country Real Estate
Marin County Real Estate