Husky Homes Blog - Blog Archive: September, 2022

The True Strength of Homeowners Today

The True Strength of Homeowners Today | MyKCM

The real estate market is on just about everyone’s mind these days. That’s because the unsustainable market of the past two years is behind us, and the difference is being felt. The question now is, just how financially strong are homeowners throughout the country? Mortgage debt grew beyond 10 trillion dollars over the past year, and many called that a troubling sign when it happened for the first time in history.

Recently Odeta Kushi, Deputy Chief Economist at First American, answered that question when she said:

“U.S. households own $41 trillion in owner-occupied real estate, just over $12 trillion in debt, and the remaining ~$29 trillion in equity. The national "LTV" in Q2 2022 was 29.5%, the…

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Buying a home can seem overwhelming, confusing and nearly impossible. The reality is that it takes a team of partners to make the home buying process a reality. The Home Buyers Roundtable of Dane County is an organization that brings together lenders, realtors, inspectors, insurance agents and other industry professionals to provide the expertise to first time home buyers. I am a member of the board and a presenter at the homebuyer education workshops. My wife and I utilized this training as part of buying our first home and it was invaluable in preparing us for home ownership. Our next workshop is on Saturday March 18 from 8:00am to 3:00pm. These FREE workshops provide information around all of the different facets of the home buying process and connect…

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As the summer slowly fades away and the cool breeze starts to roll through the house, the real estate market also changes with the seasons. This time of year, we tend to see overall sales activity pick-up for a certain type of buyer – the “move-up” buyer. These home purchasers generally have owned an existing home for between 2-7 years, and they are ready to take the next step of their real estate investing journey, to find their long-term or “forever” home, a step up in some way – whether that is to a more ideal location, on a bigger lot with more privacy, more square footage, etc. For whatever reason, these homeowners no longer feel that their existing house meets their needs, and they want a change. If this sounds like you, keep reading.

The fall is…

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What Sellers Need To Know in Today’s Housing Market

What Sellers Need To Know in Today’s Housing Market | MyKCM

If you’re thinking about selling your house, you may have heard about the housing market slowing down in recent months. While it’s still a sellers’ market, the peak frenzy the market saw over the past two years has cooled some. If you’re asking yourself if you’ve missed your chance to sell your house and make a move, the good news is you haven’t – motivated buyers are still out there. But you do need to price your house right for today’s market. Here’s why.

As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says:

Homes priced right are selling very quickly, but homes priced too high are deterring prospective buyers.”

It’s true buyer demand has slowed…

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Buyers: You May Face Less Competition as Bidding Wars Ease

Buyers: You May Face Less Competition as Bidding Wars Ease | MyKCM

One of the top stories in recent real estate headlines was the intensity and frequency of bidding wars. With so many buyers looking to purchase a home and so few of them available for sale, fiercely competitive bidding wars became the norm during the pandemic – and it drove home prices up. If you tried to buy a house over the past two years, you probably experienced this firsthand and may have been outbid on several homes along the way.

But here’s the news you’ve been waiting for: data shows clear signs bidding wars are easing this year.

According to the National Association of Realtors (NAR), the average number of offers on recently sold homes has declined considerably over the…

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