Grand Valley Happenings

The 3 Factors That Affect Home Affordability

By KCM Team
Posted by Shanna Shepherd on January 25, 2023 in  uncategorized
If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares: “. . . with slowly improving affordability and a more optimistic economic outlook than previously believed, the housing market could show resilience in 2023.” Th... read more

What Past Recessions Tell Us About the Housing Market

By KCM Team
Posted by Shanna Shepherd on January 16, 2023 in  uncategorized
It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining them each in depth, let’s lean on the experts and what history tells us to see what could lie ahead. As Greg McBride, Chief Financial Analyst at Bankrate, says: “Two-in-three economists are forecasting a recession in 2023 . . .” As talk about a p... read more

Avoid the Rental Trap in 2023

By KCM Team
Posted by Shanna Shepherd on January 10, 2023 in  uncategorized
If you’re a renter, you likely face an important decision every year: renew your current lease, start a new one, or buy a home. This year is no different. But before you dive too deeply into your options, it helps to understand the true costs of renting moving forward. In the past year, both current renters and new renters have seen their rent go up based on information from realtor.com: “Three out of four renters (74.2%) who have moved in the past 12 months reported seeing their rent increas... read more

2023 Housing Market Forecast [INFOGRAPHIC]

By KCM Team
Posted by Shanna Shepherd on December 21, 2022 in  uncategorized
Some Highlights From home sales to prices, the 2023 housing market will be defined by mortgage rates. And where rates go depends on what happens with inflation. If you’re thinking of buying or selling a home this year, connect with a trusted real estate professional who can help you understand where the housing market is headed in 2023. ... read more

Ready To Sell? Today’s Housing Supply Gives You Two Opportunities.

By KCM Team
Posted by Shanna Shepherd on December 13, 2022 in  uncategorized
At first glance, the increase in housing supply compared to last year may not sound like good news for prospective sellers, but it actually gives you two key opportunities in today’s housing market. An article from Calculated Risk helps put the inventory gains the market has seen in 2022 into perspective by comparing it to recent years (see graph below). It shows supply has surpassed 2021 levels by 58%. But the further back you look, the more you’ll understand the bigger pi... read more
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