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Team Gavin Blog

Thursday, December 31, 2020   /   by Gavin Ekstrom

Four Expert Views on the 2021 Housing Market

Four Expert Views on the 2021<br />Housing Market | MyKCM
The housing market was a shining star in 2020, fueling the economic turnaround throughout the country. As we look forward to 2021, can we expect real estate to continue showing such promise? Here's what four experts have to say about the year ahead.
Lawrence Yun, Chief Economist, National Association of Realtors (NAR)
In 2021, I think rates will be similar or modestly hi ...

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Wednesday, December 2, 2020   /   by Gavin Ekstrom

Knowledge Is Power on the Path to Homeownership

Knowledge Is Power on the Path to Homeownership










Homeownership is on the goal list for many young adults, but sometimes it’s hard to know exactly how to get there. From understanding the homebuying process to pre-approval and down payment assistance options, uncertainty along the way can ultimately hold some buyers back.


Today, there are over 75 million Millennials and 67 million Gen Z’ers in the U.S., making up a significant number of both current and soon-to-be homebuyers. According to a recent Fannie Mae survey of more than 2,000 of these individuals:




“88% said they are confident they will achieve homeownership someday.”



In addition, the survey also reveals that for younger generations, the motivation to own a home may be more emotional than financial compared to previous generations:





<50% say they want to use their home as an asset






78% believe it’s the best ...

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Wednesday, November 25, 2020   /   by Gavin Ekstrom

Your House May Be High on the Buyer Wish List This Holiday Season

Your House May Be High on the Buyer Wish List This Holiday Season





Around this time each year, many homeowners decide to wait until after the holidays to sell their houses. Similarly, others who already have their homes on the market remove their listings until the spring. Let’s unpack the top reasons why selling your house now, or keeping it on the market this season, is the best choice you can make. This year, buyers want to purchase homes for the holidays, and your house might be the perfect match.
Here are seven great reasons not to wait to sell your house this holiday season:
1. Buyers are active now. Mortgage rates are historically low, providing motivation for those who are ready to get more for their money over the life of their home loan.
2. Purchasers who look for homes during the holidays are serious ones, and they’re ready to buy.
3. You can restrict the showings in your house to days and times that are most con ...

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Wednesday, November 11, 2020   /   by Gavin Ekstrom

VA Home Loans: Helping Heroes Find a Home

VA Home Loans: Helping Heroes Find a Home













Today, on Veterans Day, we honor those who have served our country and thank them for their continued dedication to our nation. In the United States, there are many valuable benefits available to Veterans, including VA home loans. For over 75 years, VA home loans have provided millions of Veterans and their families the opportunity to purchase their own homes.


As we consider the full impact of VA home loans, it’s important to both understand these great options for Veterans and to share them with those we know who may be able to benefit most. For a variety of different reasons, many Veterans don’t use their VA home loan options, so being knowledgeable about what’s available and how they work may be a game-changer for many.


Facts about 2019 VA Home Loans (most current data):





624,546 home loans were guaranteed by the Veterans Admini ...

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Monday, November 9, 2020   /   by Gavin Ekstrom

Rent vs. Buy: How to Decide What’s Best for You

Rent vs. Buy: How to Decide What’s Best for You










According to the U.S. Census Bureau, median rent continues to rise. With today’s low mortgage rates, there’s great opportunity for current renters to make a move into homeownership that stretches each dollar a little bit further.


While the best timeline to buy a home is different for everyone, the question remains: Should I continue renting or is it time for me to buy? The answer depends on your current situation and your future plans, so here are some thoughts to help you decide if you’re ready to own a home of your own.


1. Rent Will Continue to Increase


This is one of the top reasons why renters decide to move because in most cases, rent will continue increasing each year. As noted above, the U.S. Census Bureau recently released its quarterly homeownership report, and as the graph below shows, median rent is climbin ...

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