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What to Expect From the Housing Market in 2023

What To Expect from the Housing Market in 2023 | MyKCM

What To Expect From the Housing Market in 2023


 

The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it's put the market into a reset position.

As the Federal Reserve (the Fed) made moves this year to try to lower inflation, mortgage rates more than doubled – something that’s never happened before in a calendar year. This had a cascading impact on buyer activity, the balance [...]

Cost of homeownership still worth it

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Since the start of the year, monthly mortgage payments have increased significantly, which has caused an overheated housing market to calm down. Due to this, some potential buyers of homes are being priced out of the market, and others are unsure about the best time to make a purchase. But there is no indication that the increase in [...]

The Long-Term Benefit of Home Ownership

The Long-Term Benefit of Homeownership | MyKCM

The Long-Term Benefit of Homeownership


 

Today’s cooling housing market, the rise in mortgage rates, and mounting economic concerns have some people questioning: should I still buy a home this year? While it’s true this year has unique challenges for homebuyers, it’s important to factor the long-term benefits of homeownership into your [...]

It's a Smidge, Not a Shift

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If you have been watching real estate over the past two years, you know of the extreme appreciation in home values for San Luis Obispo County as well as the “low inventory” challenge for homebuyers. In the last few weeks, news outlets have been reporting a shift in the market and the beginning of a possible downturn for real estate, based on [...]

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