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October 2020

Found 6 blog entries for October 2020.

Two Important Impacts of Home Equity | MyKCM

Equity continues to rise, helping American homeowners secure a much more stable financial future. According to the most recent data from CoreLogic, the average homeowner gained $9,800 in equity over the past year. In addition, experts project 2020 home prices to continue rising. With prices going up, equity gains will also keep accelerating. Black Knight just reported:

“The annual percent change in the overall median existing single-family-home price has skyrocketed in the past several months, with recent numbers at three to five times higher than rates seen in the past several years.”

Jeff Tucker, Senior Economist at Zillow, just qualified recent price increases as “jaw-dropping” and “within a hair's breadth of double-digit

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Home Values Projected to Keep Rising | MyKCM

As we enter the final months of 2020 and continue to work through the challenges this year has brought, some of us wonder what impact continued economic uncertainty could have on home prices. Looking at the big picture, the rules of supply and demand will give us the clearest idea of what is to come.

Due to the undersupply of homes on the market today, there’s upward pressure on prices. Consider simple economics: when there is high demand for an item and a low supply of it, consumers are willing to pay more for that item. That’s what’s happening in today’s real estate market. The housing supply shortage is also resulting in bidding wars, which will also drive price points higher in the home sale process.

There’s no evidence that

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Agent Spotlight Zack Harwood

Zack has proven himself to be an exceptional agent with a focus on creative marketing, customer service, and exceptional knowledge of the market. He has won numerous monthly sales and listing awards and been recognized as one of the top agents for last year. His clients appreciate his direct and honest approach to the industry and commitment to educating them to help them get the most out of their real estate transactions. Because of this, he has worked with many client referrals and continues to grow his business substantially.

A few questions with Zack:

What brought you to Berkshire Hathaway HomeServices Warren Residential?

Berkshire Hathaway HomeServices Warren Residential has an amazing marketing and web presence. I loved the combination

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Think Smarter with Nick

This month, Nick takes a look at the Boston luxury market and discusses how it has changed over the past six months in both condominium and single-family sales. He also explains how the market for luxury rental homes has changed in the city and around the Boston downtown area.

As buyer preferences shift, what changes have you seen in the Boston luxury condo market, specifically in downtown neighborhoods?

Since COVID arrived, we’ve seen a dramatic shift in buyer preferences.  With people spending more and more time at home, the demand for larger square footage and outdoor space has increased dramatically.  This, combined with the fact that many people are no longer location dependent due to working from home, has caused many buyers to shift their

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6 Reasons You’ll Win by Selling with a Real Estate Agent This Fall | MyKCM

There are many benefits to working with a real estate professional when selling your house. During challenging times, like what we face today, it becomes even more important to have an expert you trust to help guide you through the process. If you’re considering selling on your own, known in the industry as a For Sale by Owner (FSBO), it’s critical to consider the following:

1. Your Safety Is a Priority

Your family’s safety should always come first, and that’s more crucial than ever given the current health situation in our country. When you FSBO, it is incredibly difficult to control entry into your home. A real estate professional will have the proper protocols in place to protect not only your belongings but your family’s health and

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Buyers Are Finding More Space in the Luxury Home Market | MyKCM

A year ago, additional space and extra amenities had a very different feel for homebuyers. Today, the health crisis has brought to light how valuable more square footage and carefully designed floorplans can be. Home offices, multi-purpose rooms, gyms, and theaters are becoming more popular, and some families are finding the space they need for these upgrades in the luxury market.

The Institute for Luxury Home Marketing (ILHM) explains:

“With quarantine concerns still top of mind for many luxury buyers, we see large, sprawling estates making their comeback.

For instance, the last six months have seen a resurgence in the buying of mega mansions and estate-size homes – specifically properties that offer space (both inside and outside),

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