Grand Valley Happenings

2023 Housing Market Forecast [INFOGRAPHIC]

By KCM Team
Posted by Inactive 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 Inactive 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

What You Want To Know If You’re Pursuing Your Dream of Homeownership

By KCM Crew
Posted by Inactive Shanna Shepherd on December 07, 2022 in  uncategorized
If you’re a young adult, you may be thinking about your goals and priorities for the months and years ahead. And if homeownership ranks high on your goal sheet, you’re in good company. Many of your peers are also pursuing their dream of owning a home. The 2022 Millennial & Gen Z Borrower Sentiment Report from Maxwell says: “Many young adults have demonstrated their resolve to embark on the journey toward homeownership soon. More than half of millennials and ... read more

Do You Believe Homeownership Is Out of Reach? Maybe It Doesn’t Have To Be.

By KCM Team
Posted by Inactive Shanna Shepherd on November 08, 2022 in  uncategorized
It turns out, millennials aren’t the renter generation after all. The 2022 Consumer Insights Report from Mynd says there’s a portion of millennial and Gen Z buyers who are pursuing homeownership as a way to build their wealth, but it may not be exactly the way previous generations have done it. The study explains how they’re breaking into the market: “. . . younger generations of Americans are not buying into that dream in the same way that ... read more

3 Trends That Are Good News for Today’s Homebuyers

By KCM Team
Posted by Inactive Shanna Shepherd on November 03, 2022 in  uncategorized
While higher mortgage rates are creating affordability challenges for homebuyers this year, there is some good news for those people still looking to buy a home. As the market has cooled this year, some of the intensity buyers faced during the peak frenzy of the pandemic has cooled too. Here are just a few trends that may benefit you when you go to buy a home today. 1. More Homes To Choose from During the pandemic, housing supply hit a record low at the same time buyer demand skyrocketed. This c... read more

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