Buyer Demand Continues Outpacing the Supply of Homes for Sale

Buyer Demand Continues Outpacing the Supply of Homes for Sale | MyKCM

The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index.

Their latest edition sheds some light on the relationship between Seller Traffic (supply) and Buyer Traffic (demand).

Buyer Demand

The map below was created after asking the question: “How would you rate buyer traffic in your area?”

Buyer Traffic | MyKCM

The darker the blue, the stronger the demand for homes in that area. Only three states had a ‘stable’ demand level.

Seller Supply

The index also asked: “How would you rate seller traffic in your area?”

As you can see from the map below, 21 states report a ‘weak’ sellers traffic, 25 states report a ‘stable’ sellers traffic, only 4 states and DC report a ‘strong’ sellers traffic. Meaning there are far fewer homes on the market than what is needed to satisfy the buyers who are out looking for their dream homes.

Seller Traffic | MyKCM

Bottom Line

Looking at the maps above, it is not hard to see why prices are appreciating in many areas of the country. Until the supply of homes for sale starts to meet the buyer demand, prices will continue to increase. If you are debating listing your home for sale, let’s get together to help you capitalize on the demand in the market now!

Americans Still Believe Real Estate is Best Long-Term Investment

Americans Still Believe Real Estate is Best Long-Term Investment | MyKCM

According to Bankrate’s latest Financial Security Index Poll, Americans who have money to set aside for the next 10 years would rather invest in real estate than any other type of investment.

Bankrate asked Americans to answer the following question:

“What is the best way to invest money you wouldn’t need for 10 years or more?”

Real Estate came in as the top choice with 28% of all respondents (3% higher than last year), while cash investments – such as savings accounts and CD’s – came in second with 23% (the same as last year). The chart below shows the full results:

Americans Still Believe Real Estate is Best Long-Term Investment | MyKCM

The article points out several reasons for these results:

“After bottoming out at the end of 2011 following the worst housing collapse in generations, home prices have gone gangbusters recently, climbing back above their record pre-crisis levels. Prices jumped 6.6 percent during the 12 months that ended in May, according to CoreLogic.

Toss in persistently low interest rates, tax goodies that come with owning a mortgage, and the psychological payoff from planting your roots, and maybe it’s no wonder real estate remains popular.”

The article also revealed that:

“Bankrate’s Financial Security Index — based on survey questions about how people feel about their debt, savings, net worth, job security and overall financial situation — has hit its third-highest level since the poll’s inception in December 2010.”

Bottom Line

We have often written about the financial and non-financial reasons homeownership makes sense. It is nice to see that Americans still believe in homeownership as the best investment.

Rising Home Prices Mean Great News for Homeowners

Rising Home Prices Mean Great News for Homeowners | MyKCM

Recently there has been a lot of talk about home prices and if they are accelerating too quickly. As we mentioned before, in some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers who are out looking for homes, which has caused prices to rise.

The great news about rising prices, however, is that according to CoreLogic’s Homeowner Equity Report, the average American household gained over $14,000 in equity over the course of the last year, largely due to home value increases.

The map below was created using the same report from CoreLogic and shows the average equity gain per mortgaged home during the 1st quarter of 2017 (the latest data available).

Rising Home Prices Mean Great News for Homeowners | MyKCM

For those who are worried that we are doomed to repeat 2006 all over again, it is important to note that homeowners are investing their new-found equity in their homes and themselves, not in depreciating assets.

The added equity is helping families put their children through college, invest in starting small businesses, pay off their mortgages sooner and even move up to the home that will better suit their needs now.

Bottom Line

If you are a homeowner looking to take advantage of your home equity by moving up to your dream home, let’s get together to discuss your options!

U.S. Housing Inventory Hits a New Low… List Your House TODAY!

U.S. Housing Inventory Hits a New Low… List Your House TODAY! | MyKCM

Every summer, families across the country decide if this will be the year they sell their current house and move into their dream home.

Mortgage rates have hovered around 4% for all of 2017, forcing buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!! At the same time, inventory levels of homes for sale have dropped dramatically as compared to this time last year.

Trulia reported that “U.S. home inventory has tumbled 8.9% over the past year and has now fallen for nine consecutive quarters.” There is now 20% less inventory than there was five years ago.

Here is a chart showing the decrease in inventory levels by category:

U.S. Housing Inventory Hits a New Low… List Your House TODAY! | MyKCM

Bottom Line

Demand for your home is very strong right now while your competition (other homes for sale) is at a historically low level. If you are thinking of selling in 2017, now may be the perfect time.

21 Dietitian-Approved Tips to Jump-Start Weight Loss

Summer brings more energy, a renewed spirit and the best of intentions. Many people have health and weight-loss goals to achieve, and they turn to fad diets that leave them feeling deprived and wanting to give up after a couple weeks or days. This year, set yourself up for success with these dietitian-approved tips to jump-start weight loss.

1. MAKE YOUR FOOD BEAUTIFUL

We eat with our eyes as much as we do with our mouths! Instead of throwing veggies into a bowl, plate them with care, cut them in new ways and pick lots of colors. Take that extra step to enjoy the process of eating healthy options.

– Carlene Thomas, RDN, LD, Registered Dietitian and Food Content Creator at Healthfully Ever After

2. DON’T SKIP MEALS

To jump-start weight loss (and maintain it!), get your hunger in check by choosing satiating meals and snacks every three to four hours. For optimal hunger control, aim to have meals and snacks that contain both protein and fiber–two nutrients that have serious staying power.”

– Kara Lydon, RD, LDN, RYT, blogger at The Foodie Dietitian

3. MEAL PREP IN ADVANCE

Pre-slice vegetables and fruits, and keep in air-tight containers at eye level in the front of your fridge. They should be the first items you see when you need a quick snack. Having pre-sliced veggies makes it easier to whip up omelets, salads, casseroles and soups. If you feel you pressed for time to slice your own fruits and veggies, most grocery stores sell them pre-sliced from their kitchens. Keep in mind this is more expensive, but the extra cost is worth it if it means you’re more likely to eat more fruits and vegetables!

– Angie Asche, MS, RD, LMNT, of Eleat Nutrition

4. MAKE HEALTHY FOOD VISIBLE

Display fruit on your kitchen countertop, whether it’s in a pretty bowl or on a decorative cake stand. Whenever you want a snack, you’ll see the fruit first and hopefully reach for that.

– Amy Gorin, MS, RDN, dietitian in the New York City area and contributing blogger at ‪Weight Watchers

5. PACK NUTRITIOUS SNACKS

Bring a small snack to work, and eat it 30 minutes before you begin your commute home. This will curb the insatiable hunger, preventing a trip through the drive-thru. It will also make dinner preparation or last-minute stops at the grocery store so much more bearable! My favorite options are almonds or a Greek yogurt.

– Lauren Gibson, RD, of Eating with a Purpose and Lauren Gibson RD


6. DO WEEKLY WEIGHT CHECKS

Once you start making changes, you are probably agitated to see the numbers go down quick, but obsessing with the scale on a daily basis won’t help. Instead, it’s better to give it a week–the rule of thumb is to weigh yourself every week using the same scale, preferably in the morning.

– Dixya Bhattarai, RD, LD, of Food Pleasure And Health

7. POWER UP BREAKFAST WITH PROTEIN

Make sure to enjoy a balanced breakfast packed with protein. It will help to keep your energy levels up all morning and may also help you snack less later in the day.”

– Lauren Harris-Pincus, MS, RDN, owner of ‪Nutrition Starring YOU

8. PILE PLANTS ON YOUR PLATE

Focus on eating more plants. Crowd out your plate by packing in as much produce as you can. You’ll feel fuller, and you’ll be practicing portion control without even thinking about it.

– Rachael Hartley, RD, LD, CDE, Owner of Avocado A Day Nutrition

9. EAT YOUR VEGGIES FIRST

Veggies fill you up not out!

– Marisa Moore, MBA, RDN, LD, Owner of Marisa Moore Nutrition

10. DRINK MORE WATER

Our bodies need lots of water to keep our energy levels up, undergo regular digestion, etc. Drinking water before meals may also help to curb hunger and keep you satisfied before, after or during a meal.

– Katie Serbinski, MS, RD, founder of Mom to Mom Nutrition, LLC

11. KEEP A FOOD JOURNAL

Our minds are always busy, so it’s easy to underestimate the amount of food consumed. Tracking your food with a journal or mobile app can make you more aware. Be as specific as possible, tracking type of food, amount, time, place, hunger level and emotions surrounding eating. Not only can developing a food-tracking habit make you more aware of portion sizes and eating patterns (e.g., overeating at night, skipping breakfast), it can help detect mindless or emotional eating.

– Min Kwon, MS, RD, owner of MJ and Hungryman

12. EAT A PROTEIN- AND FIBER-RICH BREAKFAST

When my waistband is fitting a little tighter than I’d like, one of the first places I start shaping up is at breakfast. Rather than focusing on “lightening” breakfast with fewer calories, I make sure to pump up the protein and fiber at my morning meal. That usually means adding an egg white-and-veggie omelet or hard-boiled eggs with fruit, plus a small fiber-rich muffin or small bowl of oatmeal. What I eat in the morning not only sets my hunger level but also sets the tone for how I’ll eat throughout the day.

– Regan Jones, RD, Founding Editor at Healthy Aperture

13. DON’T DEPRIVE YOURSELF

Allow yourself to have a treat from time to time! If you deprive yourself, chances are that over time you will give in and binge. Instead give yourself a set number of times (maybe two to three times) per week where you can treat yourself without feeling guilty.

– Kelsee Gomes, MS, RD, CSSD, Director of Sports Nutrition at University of North Carolina at Chapel Hill

14. PLAN TO EAT AT HOME

It’s no secret that home-cooked meals typically have smaller portions and contain less sodium and fat than eating out. I think packing homemade lunches and eating at home for dinner makes a big difference in my clients’ long-term weight-loss success. Ideally you should eat 90% of your meals at home; in a week, that allows for three meals out. Plan your meals out as an enjoyable event, and aim to eat or pack your lunch the other 18 meals for the week. The more you do it, the easier it will become.

– Carissa Bealert, RDN, owner Evolution Fitness Orlando at Carissa Bealert


READ MORE > THE 11 MOST COMMON WEIGHT-LOSS BLUNDERS DIETITIANS SEE


15. EAT WITH INTENTION

Ask yourself if you are really hungry. Think about what you are eating, and, most of all, savor and enjoy it! Being aware is the key to weight loss.

– Wendie Schneider, RDN, LD, owner of Pantry Doctor LLC

16. MAKE SMALL CHANGES

Think about what small change you can make in your daily routine that will help improve your health. For some, it may be taking the stairs instead of the elevator. For others, it may be opting for water instead of Coke for lunch. Bottom line: Remember, small changes make big differences over time!

– Elizabeth Shaw, MS, RD, CLT, of Simple Swaps

17. SLOW DOWN AND USE ALL YOUR SENSE WHEN YOU EAT

Look at your food, smell it, touch it (with your fingers, fork or tip of tongue, depending on what’s appropriate), listen to it (Is it crunchy, mushy or slurpy?) and, of course, taste it. Eating with all your senses involved is an important part of mindful eating.

– Jessica Fishman Levinson, MS, RDN, CDN, of Nutritioulicious

18. FIND WAYS TO MOVE MORE DURING THE DAY

Aim to get 10-minute increments of exercise at a time; this could be walking around while on the phone, parking in far-away parking spots or taking the stairs. Just find ways to sit less because small changes make a difference, especially if you move to boost energy instead of hitting the candy jar or vending machine.

– Rebecca Clyde, RD, CD, of Be Truly Nourished

19. SET A SMALL, REASONABLE GOAL, ONE GOAL AT A TIME

You can easily get discouraged if you can’t reach the big goals you set for yourself. Choose one goal at a time, and once that feels easy and routine, set your sights on a new goal. Slow and steady always wins the race!

– Emily Cooper, RD, LD, of Sinful Nutrition

20. GET A GOOD NIGHT’S SLEEP

While you may think that the road to weight loss begins at the gym or in the kitchen, research has shown that it might start in the bedroom. Getting a good night’s sleep (ideally eight hours) helps guide your food choices by controlling your hunger and fullness hormones, ghrelin and leptin. Ghrelin tells your brain it is time to eat, but when you lack sleep, your body makes more ghrelin. The reverse is true for leptin, the hormone that cues fullness; sleep deprivation slows down leptin production. These hormonal changes cause you to overeat, resulting in unwanted pounds, so put the phones away, cue the sound machine and plan for six to nine hours of shut-eye.

– Holley Grainger, MS, RD, Lifestyle and Culinary Nutrition Expert at Holley Grainger

21. FOCUS ON THE POSITIVES

‘One of the fastest ways to jump-start weight loss is to focus on what you can eat instead of what you can’t. Investing all of your energy to stop yourself from eating higher-calorie foods (think: dessert) can leave you feeling drained and deprived. Instead, focus on drinking at least two quarts of cold water and eating five servings of fruits and vegetables each day. This naturally leaves less room for higher-calorie foods, and every time you are successful, it will leave you with a positive feeling of accomplishment.

– Cindy Heroux, RDN, author of “The Manual That Should Have Come With Your Body”

Instead of creating unrealistic goals this summer, jump-start your weight loss with these tried-and-true tips from the nutrition experts.

Singles Are Falling for Their Dream Home First

Singles Are Falling for Their Dream Home First [INFOGRAPHIC] | MyKCM

Some Highlights:

  • According to NAR’s Profile of Home Buyers & Sellers, the share of recent homebuyers who were single at the time of purchase held steady at 24% last year.
  • The percentage of first-time buyers who were single females rose to 17% (up from 16%), as the share of single men dropped from 11% to 8%.
  • The primary reason for buying a home amongst singles was the desire to own a home of their own (38% for women and 37% for men).

Great 2 BR 2 Bath House In Bloomfield

Contact info:
Robert George | RTG Property Solutions LLC |609-474-0360
Great 2 BR 2 Bath House In Bloomfield
163 Jerome Place, Bloomfield, NJ 07003
$182,160
KEY FEATURES
Year Built: 1902
Sq Footage: 1568 sqft.
Bedrooms: 2 Beds
Bathrooms: 2 Bath
Floors: 2
Lot Size: 3875 Square Feet
Property Type: Single Family House
HUD House FHA Case #352-611686. FHA financing IE (Insured Escrow) 203K Eligible. Available to all bidders. Bids are accepted daily until a winner is selected. For property condition report, forms, disclosures, availability and to place a bid please visit http://www.hudhomestore.com. Buyer to verify all information.

Contact info:
Robert George
RTG Property Solutions LLC
609-474-0360

 

84% of Americans Believe Buying a Home is a Good Financial Decision

84% of Americans Believe Buying a Home is a Good Financial Decision | MyKCM

According to the National Association of Realtors®’ 2017 National Housing Pulse Survey, 84% of Americans now believe that purchasing a home is a good financial decision. This is the highest percentage since 2007 – before the housing crisis. Those surveyed pointed out five major reasons why they believe homeownership is a good financial decision:

  1. Homeownership means the money you spend on housing goes towards building equity, rather than to a landlord
  2. Homeownership creates the opportunity to pay off a mortgage and own your home by the time you retire
  3. Homeownership is an investment opportunity that builds long-term wealth and increases net worth
  4. Homeownership means a stable and predictable monthly mortgage payment
  5. Homeownership allows for various deductions on federal, state, and local income taxes

The survey also revealed that the majority of Americans strongly agree that homeownership helps create safe, secure, and stable environments.

Perfect 2 Family Home on Quiet Street

$90,000.00

206 Mount Vernon Avenue, Orange, NJ 07050

Call Robert for details and showings 609-474-0360.

HUD Home – 2 Family. – one unit has four bedrooms, the other unit has two bedrooms. Two car detached garage. On a quiet street near parks, transportation and shopping. Property currently available for owner occupants only. Bid deadline is July 26, 2017. Property is Sold “AS IS”. Buyer may be eligible for $100.00 down payment ask how. If home built before 1978 a LBP addendum is included. FHA financing IE (insured with escrow) 203K Eligible. Case # 352-566670 For property condition report, forms, disclosures, availability and to place a bid please visit http://www.hudhomestore.com. Buyer to verify all information.

3 Tips to Succeed in Today’s Real Estate Market

3 Tips to Succeed in Today’s Real Estate Market | MyKCM

In today’s highly competitive real estate market, where inventory levels are not keeping up with the constant stream of buyer demand, there are steps you can take to ensure you are most prepared for success when buying a home.

The 3 tips we are going to expand on today come from a recent blog by Trulia entitled, The Skinny on Skinny Inventory. 

1. Be Prepared

“Homebuyers should talk with a lender, real estate agent, and a home inspector BEFORE finding a home to make an offer on.”

Being intentional, pre-approved, and prepared will set you up for the accelerated time tables that come with a highly competitive market. If you are the most prepared buyer interested in a home, if you have already secured financial approval, and if you are ready to move fast, your bid will be that much more attractive to a seller.

2. Think Strategically

“Starter homebuyers don’t have a home to sell and can be flexible on closing dates compared to homebuyers who are also trying to sell at the same time.”

If you are one of the many first-time buyers looking for your dream home, know that being strategic and flexible about closing dates can also help your offer stand out from the rest. But don’t fret if you are a homeowner who will also have to sell your own house first – be upfront about your timeline with your agent and with any offers you make.

3. Seek Out the Ugly Ducklings

“Buyers might consider looking for homes that have been on the market for a while and investigate why. The reasons may be a deal-killer but all it takes is one ugly duckling to turn into a swan.”

Finding a fixer-upper or a home that needs a little love might be your best way to guarantee that you are able to find a home in the neighborhood that you want. The worst house on the best block will go for a steal and offer instant equity once you fix it up!

Bottom Line

In today’s market, full of bidding wars and tough competition, finding ways to stand out from the rest by getting creative will improve your chances of having a home to call your own.

%d bloggers like this: