Market Updates

Jan. 27, 2023

Why Would You Want to Live in Charleston SC?

Charleston, South Carolina is known for its historic architecture, beautiful beaches, and rich cultural heritage. The city is home to numerous museums, art galleries, and historic sites, including Fort Sumter and the Charleston Museum. The city also has a vibrant food and drink scene, with many excellent restaurants and bars ...

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Jan. 23, 2023

Is It Time To Sell Your 2nd Home in Charleston?

Is It Time To Sell Your Second Home?



During the pandemic, second homes became popular because of the rise in work-from-home flexibility. That’s because owning a second home, especially in the luxury market, allowed those homeowners to spend more time in their favorite places or with different home features. Keep ...

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Jan. 11, 2023

Today's Housing Market Is Much Different Than 15 Years Ago

Today’s Housing Market Is Nothing Like 15 Years Ago

Today’s Housing Market Is Nothing Like 15 Years Ago | MyKCM

There’s no doubt today’s housing market is very different than the frenzied one from the past couple of years. In the second half of 2022, there was a dramatic shift in real estate, and it caused many people to make comparisons ...

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Dec. 21, 2022

What to Expect for Housing Prices and Mortgage Rates in 2023?

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 ...

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Nov. 30, 2022

Don't Expect a Wave of Home Foreclosures!

Why There Won’t Be a Flood of Foreclosures Coming to the Housing Market

Why There Won’t Be a Flood of Foreclosures Coming to the Housing Market | MyKCM

With the rapid shift that’s happened in the housing market this year, some people are raising concerns that we’re destined for a repeat of the crash we saw in 2008. But in truth, there are many key ...

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Oct. 20, 2022

What’s Ahead for Home Prices in Charleston?

 

What’s Ahead for Home Prices? | MyKCM

As the housing market cools in response to the dramatic rise in mortgage rates, home price appreciation is cooling as well. And if you’re following along with headlines in the media, you’re probably seeing a wide range of opinions calling for everything from falling home prices to ongoing appreciation ...

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Sept. 14, 2022

Are We in a Real Estate Bubble, or Just Slowing Down

 

Is the Real Estate Market Slowing Down, or Is This a Housing Bubble? | MyKCM

The talk of a housing bubble in the coming year seems to be at a fever pitch as rising mortgage rates continue to slow down an overheated real estate market. Over the past two years, home prices have appreciated at an unsustainable pace causing many to ask: are ...

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Aug. 24, 2022

Today's Housing Inventory Proves We Aren't Headed for a Crash

Why Today’s Housing Inventory Proves the Market Isn’t Headed for a Crash



Whether or not you owned a home in 2008, you likely remember the housing crash that took place back then. And news about an economic slowdown happening today may bring all those concerns back to the surface. While ...

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Aug. 18, 2022

2022 Home Prices Predicted to INCREASE

Experts Increase 2022 Home Price Projections

Experts Increase 2022 Home Price Projections | MyKCM

If you’re wondering if home prices are going to come down due to the cooldown in the housing market or a potential recession, here’s what you need to know. Not only are experts forecasting home prices will continue to appreciate nationwide this year, but ...

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Aug. 2, 2022

Why This Won't Be a Housing Bubble

 

3 Graphs To Show This Isn’t a Housing Bubble | MyKCM

With all the headlines and buzz in the media, some consumers believe the market is in a housing bubble. As the housing market shifts, you may be wondering what’ll happen next. It’s only natural for concerns to creep in that it could be a repeat of what took place ...

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