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Showing posts from February, 2013

Is There a Window of Opportunity for Sellers Right Now?

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By The KCM Crew

One of the most interesting revelations of the latest National Association of Realtors (NAR) Existing Home Sales Report is the shortage of housing inventory being reported throughout much of the country. At the same time, buyer demand is dramatically up over last year. Here are some key points:

-Total housing inventory at the end of January fell 4.9 percent to 1.74 million existing homes available for sale, which represents a 4.2-month supply at the current sales pace.

-This represents the lowest housing supply since April 2005 when it was also 4.2 months.

-Listed inventory is 25.3 percent below a year ago when there was a 6.2-month supply.

-Raw unsold inventory is at the lowest level since December 1999 when there were 1.71 million homes on the market.

What Does This Mean if You Are Selling a Home?

The price of anything is determined by supply and demand. According to NAR’s report, inventory is at its lowest level since the real estate boom eight years ago. At the …

NAR’s 4th Quarter Home Sales Report [INFOGRAPHIC]

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By KCM Crew


If you are considering Relocating to Colorado Springs, Purchasing a Home for Sale in Colorado Springs, considering  Selling a Home in Colorado Springs, or want more information on the Colorado Springs Real Estate Market, Contact your  Colorado Springs Real Estate Expert, Mike MacGuire Today! Click Here to Check out my informational video if you are considering Selling a Home in Colorado Springs. Click Here to Check out my informational video if you are considering Purchasing a Home for Sale in Colorado Springs. Click Here to check out what my clients are saying about my services.

Move In Ready Home for Sale in Colorado Springs

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Move in ready 2-Story home for sale in Colorado Springs boasts 4 Bedrooms, 3 Bathrooms, 3 Car Tandem Garage and over 3,100 Square Feet. This Home for Sale in Colorado Springs is Perfect for the first time home buyer or if you are Relocating to Colorado Springs. Click Here to Tour this Home for Sale in Colorado Springs Today! As you enter the home there is a flex room perfect for an office, formal living room, formal dining room or library. The main level also includes a perfectly appointed kitchen with ample cabinet and counter space and includes all appliances, spacious eating area that walks out to the back deck and a large family room with a custom gas fireplace.Unwind in the upper level master retreat with a walk in closet and attached 5 piece bathroom. The upper level also includes 3 spacious secondary bedrooms, a full bathroom, laundry room and loft area. The unfinished, walk out basement is perfect for future expansion and is already plumbed. This home has 220 installed for a h…

Thinking of Buying Your Dream Home? DO IT NOW!

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By The KCM Crew

A recent survey showed that 3 out of 4 future home buyers (who are not first time buyers) plan to move up to some form of a ‘better’ home. The breakdown:

Move to a significantly bigger home (49%)

Move to a nicer home (17.5%)

Move to a nicer part of town (8.6%)

If you or your family falls into any one of these categories, you should strongly consider making the move sooner than later. The ‘cost’ of your new dream house will be determined by two factors: the price of the house and the mortgage interest rate. Both are projected to increase this year.

Prices Set to Increase

In the recent Home Price Expectation Survey, 105 leading housing analysts called for a 3.1% increase in home values by the end of 2013.

Mortgage Interest Rates Projected to Increase

According to the Mortgage Bankers Association, after reaching record lows in 2012, the 30 year mortgage rates are expected to creep up slowly in 2013 to 4.4%.

Now is a great time to buy the home you always dreamt of owning. How…

Move In Ready 2-Story Home In Colorado Springs

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Move in Ready 2-Story Home For Sale in Colorado Springs! This Home For Sale in Colorado Springs features 5 Bedrooms, 4 Bathrooms, 3 Car Garage and over 2,900 square feet. Click Here to Tour This Home For Sale in Colorado Springs. The main level includes a spacious formal living room, formal dining room perfect for entertaining, perfectly appointed kitchen boasts ample cabinet and counter space, tile flooring, center island, updated appliances, eating area, planning desk space and walk out. The family room is open to the kitchen and includes a cozy gas fireplace with built-ins. Unwind in the spacious upper level master retreat with a walk in closet and attached 5 piece master bathroom. There are 3 secondary bedrooms, a full bathroom and laundry room to complete the upper level.The finished basement features a large recreation area, 5th bedroom and full bathroom. The expansive backyard includes a large deck perfect for summer gatherings! This home also features new carpet, central a/c f…

5 Reasons You Should Buy a Home NOW!

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By The KCM Crew

Many potential buyers are waiting until they can be 100% sure the real estate market has fully recovered before making the move to purchase a home. Here are five reasons why waiting might not make sense any longer:

1.) Prices Are on the Rise

The latest Case Shiller Home Price Index revealed that home prices have appreciated 5.5% over the last year. This is occurring across the nation as increases were reported in 19 of 20 metros. The Home Price Expectation Survey, which polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts, calls for continued appreciation over the next five years.

2.) Mortgage Interest Rates Are Expected to Increase

The Mortgage Bankers Association has predicted that, after reaching record lows in 2012, mortgage rates will creep up slowly in 2013 to 4.4%. Rates have already increased by 2/10 of a point (3.32 to 3.53) in the last two months.

3.) Rents Are Continuing to Skyrocket

Recently, Zillow reported…