KCM Blog
How the Serenity Prayer Applies To Selling a Home
You may believe that selling your home is impossible in today’s market. You may feel powerless to the process. What could YOU possibly do to turn this housing market around? There is no doubt that today’s real estate market is extremely difficult to navigate. However, we want you to know that thousands of homes sold [...]
Will Mortgage Forgiveness Debt Relief Act Be Extended?
Many of our readers have asked whether or not we believe the Mortgage Forgiveness Debt Relief Act of 2007 will be extended past its current expiration scheduled for the end of the year. As a reminder, the legislation ensures that homeowners who received principal reductions or other forms of debt forgiveness on their primary residences [...]
Mortgage Settlement to Drive Increase in Foreclosures
Last week, we explained that the National Mortgage Settlement gave banks a roadmap showing them how to proceed with the backlog of foreclosures (known as shadow inventory) that has been hanging over the housing market for more than a year. We believe that understanding this dynamic is crucial in determining home prices as we go [...]
Two Things You May Have Missed
Before the end of the year, Congress and the President agreed to extend the payroll tax cut. In that bill, there were two items of interest for those involved in real estate. 1.) The hike in the Guarantee Fees charged by the GSEs Fannie Mae and Freddie Mac. The 10 basis point increase in the [...]
