March 2019

Found 18 blog entries for March 2019.

 

Get Directions Click Here OPEN HOUSE March 30, Saturday 10:00 AM - 11:30 AM
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$ Click for current price
3 BEDROOMS | 2 Baths (1 full, 1 ¾ bath ) BATHROOMS | 2028 SqFt

STOP RENTING AND LOOK AT THIS! Chances are that current monthly rent payment could be the same as a monthly house payment for this home. It''s been almost 30 years since this home has had a new owner, and if you are on the fence about buying, take a peek at this 1971, Ranch home with 3 Bedrooms and 2 bathrooms. New flooring and some new paint, plus a 3 Season Room to include a Hot Tub for those long days or entertaining. Close to Parks & Shopping. Call

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Get Directions Click Here OPEN HOUSE March 30, Saturday 10:00 AM - 11:30 AM
  • Property Video
  • Description
  • Photos
  • Maps & Local
  • Schools
  • Print Brochure
  • More

$ Click for current price
3 BEDROOMS | 2 Baths (1 full, 1 ¾ bath ) BATHROOMS | 1344 SqFt

BRAND NEW, WAITING FOR YOU. A pet friendly park and a new mobile home waits for you. 2017, 1344 finished sq. ft. sits a never before lived in mobile home. 3 Bedrooms, 2 baths with a tiled shower in the Master Bedroom. Beautiful kitchen with a center island that has room for 4-6 people, electricity, sink and a built in dishwasher. Check out the built in, lighted hutch with lots of storage. Stunning home, just waiting for its new owner. Call Today For A

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How Long Do Most Families Live in a House? | MyKCM

The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of their data points, which has changed dramatically, is the median tenure of a family in a home, meaning how long a family stays in a home prior to moving.

As the graph below shows, over the last twenty years (1985-2008), the median tenure averaged exactly six years. However, since 2014, that average is almost ten years – an increase of almost 50%.

How Long Do Most Families Live in a House? | MyKCM

Why the dramatic increase?

The reasons for this change are plentiful!

The fall in home prices during the housing crisis left many homeowners in a negative equity situation (where their home was worth less than the mortgage on the property). Also, the uncertainty of the economy made

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Every Monday Morning at 8:15am, join me on my Facebook page as I sit down with a local lender, and do a live interview and talk about a Mortgage Tip that may help YOU with your next Real Estate Purchase. 

This morning I sat down with Stacy Himley from Guaranteed Rate.  In this episode, Stacy talks about the things buyers can be aware of in regards to their income during the pre-qualification process. You can reach Stacy at 605.605.690.2305 or Stacy.Himley@rate.com  Her office is located at 304 4th St Brookings SD, 57006 or on the web at www.Rate.com/StacyHimley

 

 

 Bonuses/Overtime Pay: How They Affect Pre-Qualification

- All right, here we go, good morning everybody! Shane, here, from the Brookings Home Team Powered by Century 21. I

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Baby Boomers are Downsizing, Are You Ready to Move? | MyKCM

For a while now baby boomers have been blamed for a portion of the housing market’s current lack of housing inventory, but should they really be getting the blame?

Here’s what some of the experts have to say on the subject:

Aaron Terrazas, Senior Economist at Zillow, says that “Boomers are healthier and working longer than previous generations, which means they aren't yet ready to sell their homes.”

According to a study by Realtor.com, 85% of baby boomers indicated they were not planning to sell their homes.

It is true that baby boomers are healthier and are thus working and living longer, but are they also refusing to sell their homes? 

Last month, Trulia looked at the housing situation of seniors (aged 65+) today compared to

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If Your Home Hasn’t Sold Yet… Check the Price!



The residential housing market has been hot. Home sales have bounced back solidly and are now at their second highest pace since February 2007. Demand has remained strong throughout the winter as many real estate professionals are reporting bidding wars with many homes selling above listing price. What about your house?

If your house hasn’t sold, it is probably because of the price.

If your home is on the market and you are not receiving any offers, look at your price. Pricing your home just 10% above market value dramatically cuts the number of prospective buyers that will even see your house. See chart below.

If Your Home Hasn’t Sold Yet… Check the Price! | MyKCM

Bottom Line

The housing market is hot. If you are not seeing the results

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4 Reasons to Buy a Home in the Spring | MyKCM

Spring has sprung, and it’s a great time to buy a home! Here are four reasons to consider buying today instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest U.S. Home Price Insights reports that home prices have appreciated by 4.4% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.6% over the next year.

Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year fixed rate mortgage came in at 4.41% last week. Most experts predict that rates will rise over the next 12 months. The Mortgage Bankers

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Every Monday Morning at 8:15am, join me on my Facebook page as I sit down with a local lender, and do a live interview and talk about a Mortgage Tip that may help YOU with your next Real Estate Purchase. 

This morning I sat down with Barb Adelaine from BankStar. Today, she explained the different options home buyers have with low down payment loans.  You can reach Barb at 605.696.8562 or barb.adelaine@bankstar.com.  Her office is located at 1301 6th St., Brookings SD 57006 or on the web at www.ebankstar.com 

Low Down-Payment Loan Options

 

Good morning everybody, Shane here from the Brookings Home Team, powered by Century 21. 8:15 Monday mornin', that must mean it's Monday Morning Mortgage Tip. And I've got Barb sitting right next to me

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No Worries… Home Prices Coming in for a SOFT Landing | MyKCM

Home prices have appreciated considerably over the last five years. This has some concerned that we may be in for another dramatic correction. However, recent statistics suggest home values will not crash as they did a decade ago. Instead, this time they will come in for a soft landing.

The previous housing market was fueled by an artificial demand created by mortgage standards that were far too lenient. When this demand was shut off, a flood of inventory came to market. This included heavily discounted distressed properties (foreclosures and short sales).

Today’s market is totally different. Mortgage standards are tighter than they were prior to the last boom and bust. There is no fear that a rush of foreclosures will come to market.

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328 22nd Ave S, Brookings, SD

Get Directions Click Here
Description Features Photos Maps & Local Schools Walk Score
$ Click for current price
3 BEDROOMS
2 BATHROOMS (1 full, 1 ¾ bath)
2028 Square Feet

STOP RENTING AND LOOK AT THIS! Chances are that current monthly rent payment could be the same as a monthly house payment for this home. It''s been almost 30 years since this home has had a new owner, and if you are on the fence about buying, take a peek at this 1971, Ranch home with 3 Bedrooms and 2 bathrooms. New flooring and some new paint,

107 Views, 0 Comments