Here’s to a Wonderful 2019

Here’s to a Wonderful 2019! | MyKCM

We hope 2019 is a great year for you, both personally and professionally!



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What Makes a House a Home for You?

KCM Crew, December 29th, 2018

What Makes a House a Home For You? | MyKCMWe frequently talk about why it makes sense to buy a home financially, but more often than not the emotional reasons are the more powerful or compelling ones.

No matter what shape or size your living space is, the concept and feeling of a home can mean different things to different people. Whether it’s a certain scent or a favorite chair, the emotional reasons why we choose to buy our own homes are typically more important to us than the financial ones.

1. Owning your home offers stability to start and raise a family

From the best neighborhoods to the best school districts, even those without children at the time of purchase may have this in the back of their minds as a major reason for choosing the location of the home that they purchase.

2. There’s no place like home

Owning your own home offers you not only safety and security, but also a comfortable place that allows you to relax after a long day!

3. You have more space for you and your family

Whether your family is expanding, an older family member is moving in, or you need to have a large backyard for your pets, you can take all this into consideration when buying your dream home!

4. You have control over renovations, updates, and style

Looking to actually try one of those complicated wall treatments that you saw on Pinterest? Tired of paying an additional pet deposit for your apartment building? Or maybe you want to finally adopt that puppy or kitten you’ve seen online 100 times? Who’s to say that you can’t do all of these things in your own home?

Bottom Line

Whether you are a first-time homebuyer or a move-up buyer who wants to start a new chapter in your life, now is a great time to reflect on the intangible factors that make a house a home.



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Where is the Housing Market Headed in 2019? [INFOGRAPHIC]

KCM Crew, December 28th, 2018

Where is the Housing Market Headed in 2019? [INFOGRAPHIC] | MyKCM

Some Highlights:

  • ­Interest rates are projected to increase steadily throughout 2019, but buyers will still be able to lock in a rate lower than their parents or grandparents did when they bought their homes!
  • Home prices will rise at a rate of 4.8% over the course of 2019 according to CoreLogic.
  • All four major reporting agencies believe that home sales will outpace 2018!



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HOme Price Appreciation is Slowing Down

Home price appreciation is slowing down

http://www.housingwore,com, December 10th, 2018

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Suze Orman: The No. 1 Sign you can’t Actually Afford to Buy a Home

Suze Orman: The No. 1 sign you can’t actually afford to buy a home

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Marshfield to Hold Blood Donation Opportunity

An American Red Cross blood donation opportunity will be held from 8 a.m. to 1 p.m. December 8th at the Boys and Girls Club, 37 Proprietors Drive, Marshfield.

Those interested in donating must weight at least 110 pounds and be in good health.

To make an appointment, call 800-733-27676 or visit

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Housing Starts Signal Trouble Ahead

Inventory and affordability concerns create supply and demand stalemate


In October, growth in housing starts was propelled by development in the multifamily sector, but some experts are warning that there could be trouble ahead for the housing market.

According to the U.S. Census Bureau and the Department of Housing and Urban Development’s report, housing starts increased 1.5% in October, coming in at a seasonally adjusted annual rate of 1.228 million.

While the increase showed improvement, it was still 2.9% below the annual rate of 1.265 million from October 2017.

Single-family housing starts took a hit, dipping 1.8% and standing at a rate of 865,000. Despite this, the multifamily sector climbed to 343,000, an increase from last month’s 324,000.

Experts indicate that affordability concerns and lacking inventory are creating a slowdown in the homebuilding sector.

“If you’re looking for a new, single-family home, the news this morning wasn’t good,” Navy Federal Credit Union Corporate Economist Robert Frick said. “While housing starts picked up in a bit, the increase is because of more starts in multi-family housing, meaning apartments, attached homes and townhouses. And prospects for an increase in future building sagged – as permits fell 0.6% to a $1.26 annual rate.”

“Those prospects dovetailed with yesterday’s dramatic drop in home builder confidence, foreshadowing that builders are seeing a turn in the market for new homes, and are less likely to build.”

The National Association of Home Builders/Wells Fargo latest Housing Market Index revealed affordability concerns contributed to homebuilder confidence falling eight points to 60 in November.

“A number of factors are dropping demand for new homes from potential buyers, including lack of inventory on the market and that since 2010 the median price of a new home is up about 50% while wages are only up about 20%,” Frick continued. “Many home buyers, especially for lower-priced starter homes and mid-priced ‘trade up’ homes have been gradually priced out of the market. For builders, it’s finding buildable lots, labor and the high price of building materials, especially lumber.”

Other experts agree, pointing out that wavering homebuilder confidence might spell trouble.

“Homebuilder confidence, which was released yesterday, fell to the weakest since 2016,” LendingTree‘s Chief Economist Tendayi Kapfidze said. “Notably, the sub-index for buyer traffic fell to 45, with readings below 50 indicating contraction, this suggests builders will be more cautious about adding inventory going forward.”

Rising rates, prices and taxes are contributing to the housing slow down. Average mortgage rates rose to 4.94% last week according to Freddie Mac, the highest in seven years. This has made housing about 15% less affordable than a year ago,” Kapfidze continued. “As there are less buyers at each price point, the appropriate market response is a slowdown in sales and an eventual easing in price momentum.” Chief Economist Danielle Hale said consumers are less optimistic about home buying right now, and builders are starting to notice.

“Looking ahead, starts could slip further if builders believe the consumer pause will continue and they adjust production accordingly,” Hale said. “Rising home prices and rising mortgage rates have created high hurdles for homebuyers while cost increases make it difficult for builders to deliver homes at the price points that are most in-demand. The result has been a stalemate between buyers and sellers, with fewer transactions than we saw a year ago.”

First American’s recent Potential Home Sales Model supported this claim, as Chief Economist Mark Fleming indicated that the year-over-year decrease in potential existing-home sales was attributed to a supply and demand standstill.

“The primary culprit for the housing market’s performance gap remains severe supply shortages – home buyers can’t buy what’s not for sale,” Fleming continued. “While the discussion of rising mortgage rates tends to focus on their impact on the buyer’s affordability, rising mortgage rates create a financial disincentive for existing homeowners with low mortgage rates from selling their homes.”

According to Fleming, this “phenomenon” affects both sides of the supply and demand dynamic, boiling down to those who don’t sell, don’t buy either.

So, what does that mean for homebuilders? Well, PricewaterhouseCooppers’ Principal Scott Volling thinks the rapidly changing demand environment is likely to heighten homebuilder hesitation.

“A recurring theme is that rising interest rates and rising home prices are creating affordability challenges that are causing buyers to take pause and re-assess their situation,” Volling said in response to today’s housing starts report. “With the Fed signaling continued rate increases and minimal price relief in sight, this ho-hum trend appears likely to continue.”

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