Blog by Tomi (Tomyal Emptage)

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How Much Do You Need To Buy a Home in Your State?

April 18th, 2018
How Much Do You Need To Buy a Home in Your State? 
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It’s no mystery that cost of living varies drastically depending on where you live, so a new study by GOBankingRates set out to find out what minimum salary you would need to make in order to buy a median-priced home in each of the 50 states, and Washington, D.C.

States in the Midwest came out on top as most affordable, requiring the sm ...

IKEA Launches New App!

September 20th, 2017

IKEA Launches New App That Lets You Try Furniture In Your Home Before Buying It, And Here’s How It Works

Augmented reality may sound like something straight out of the new Blade Runner movie, but if you’ve got an iPhone, it’s going to be at your fingertips this fall – and IKEA is helping.

IKEA Place is a revolutionary app that will ...

Homeownership Is A Precondition of the American Dream

September 14th, 2017
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Report: Homeownership Is a Precondition of the American Dream

Hearth just released their 2017 State of the American Dream report which showed that Americans still see homeownership as an integral piece of the American Dream. The report confirmed that “all generations–including millennials–agree homeownership is very important to achieving the American Dream.

Americans ranked “ ...

BREXIT: What's the FIXIT for U.S. Home Buyers and Sellers?

June 30th, 2016

BREXIT: What’s the FIXIT for U.S. Home Buyers and Sellers?

BREXIT: What’s the FIXIT for U.S. Home Buyers and Sellers? | MyKCM

Now that much of the dust has settled and the panic has waned, let’s take a look at what impact Britain’s exit from the European Union may have on the U.S. housing market.

The most immediate impact of Brexit will be on mortgage interest rates. Interest rates have remained at historic lows for the last several years ...

Do Homeowners Realize Their Equity Position Has Changed?

June 22nd, 2016

Do Homeowners Realize Their Equity Position Has Changed?

Yesterday, we reported that according to CoreLogic’s latest Equity Report, nearly 268,000 homeowners regained equity and are no longer underwater on their mortgage in the first quarter. Homes with negative equity have decreased by 21.5% year-over-year.

A study by Fannie Mae suggests that many homeowners are not aware of how th ...

Thinking of Selling? 5 Reasons You Shouldn't FSBO

June 20th, 2016

Thinking of Selling? 5 Reasons You Shouldn’t FSBO




Thinking of Selling? 5 Reasons You Shouldn’t FSBO | Simplifying The Market


In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers.

Here are the top five reasons:

1. There Are Too Many Peo ...

5 Reasons Owning a Home Makes Sense Financially

June 16th, 2016

Harvard: 5 Reasons Why Owning A Home Makes Sense Financially
Harvard: 5 Reasons Why Owning A Home Makes Sense Financially | MyKCM

It's been reported many times that the American Dream of homeownership is alive and well. The personal reasons to own a home differ for each buyer, but there are many basic similarities.

Eric Belsky is the Managing Director of the Joint Center of Housing Studies (JCHS) at Harvard University. He authored a paper ...

Single Women Make Up The 2nd Largest Home Buying Group

June 15th, 2016
    
Single Women Make Up 2nd Largest Home Buying Group
Single Women Make Up 2nd Largest Home Buying Group | MyKCM

According to the National Association of Realtors’ (NAR) 2015 Profile of Home Buyers and Sellers, single women made up 18% of all first-time homebuyers last year, second only to married couples who made up 54% of total buyers.

Whether they are young, single and no longer want to rent, or newly divorced, the amount of sing ...

Real Estate Predictions 2015/Top Mortgage and Real Estate Trends

January 8th, 2015

 Top 5 Mortgage and Real Estate Trends and Predictions for 2015 

January 2015 

Now that the holiday season has come to an end it's a good time to reflect on the past year as we try to forecast what's up ahead for the Mortgage Industry in 2015! As the housing market turns a corner into the New Year the U.S. economy is well positioned to sustain a 3% growth rate for 2015, according to Fredd ...

Can You Purchase a Home with 0% Down?

July 9th, 2014
HOW YOU MAY BE ABLE TO PURCHASE A HOME WITH 0% DOWN

usda loan PeoriaHomeownership may not be as far out of your reach as you had thought. With the market the way it is today in Peoria there are more and more unique loan programs out there that allow more flexibility for borrowers. A USDA Guaranteed Loan is one of the many options On Q Financial, Inc. offers that has recently grown in popularity. With the ou ...

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