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<span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Home design trends shift every year as home buyers discover what does and does not work for their families.&nbsp; In the current condition of a continuing pandemic, homebuyers are still looking toward ample space and renovations that can make staying at home a pleasure.&nbsp; Rooms where this is most obvious are kitchens and bathrooms, while outdoor living space also remains a popular place for new trends in 2021.&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;
<span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Few areas of a home are visited as often as the kitchen.&nbsp; It is the room where entertaining, studying, working, eating, and of course cooking bring family members together. With its many roles and central hub of a home, the kitchen is the most sought after room for homebuyers. In 2021, homebuyers are searching for unique kitchens with large amounts of storage space. Pandemic living taught families the need to buy in bulk and limit trips to the grocery store. Because of this, homebuyers are in search of large walk-in pantries to accommodate additional food in the house.&nbsp; According to <a href="https://www.homelight.com/blog/real-estate-top-agent-insights-q4-2020/"><span style="font-size: 12pt; font-family: Arial; color: #1155cc; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: underline; -webkit-text-decoration-skip: none; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">62% of agents</a><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">, homebuyers are interested in walk-in pantries in their next home.&nbsp; Nearly as many agents, 57%, say extra cabinet storage is a top kitchen feature for homebuyers.&nbsp; Beyond storage, 2021 homebuyers, just as decades of homebuyers prior, are very interested in the kitchen island.&nbsp; More specifically homebuyers are interested in functional and visually pleasing kitchen islands that can adapt to meet the needs of family members. <a href="https://www.homelight.com/blog/home-design-trends-2021/"><span style="font-size: 12pt; font-family: Arial; color: #1155cc; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: underline; -webkit-text-decoration-skip: none; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Multi-tiered islands</a><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> in vibrant colors provide counter space and storage while remaining a beautiful focal point of the kitchen.&nbsp;&nbsp;
&nbsp;
<span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Bathrooms are another area of the house that 2021 homebuyers are hoping to find extra storage and a bit of luxury. Where homebuyers once looked for small single sink vanities that required less cleaning and space for clutter, 2021 homebuyers are in search of <a href="https://www.homelight.com/blog/real-estate-top-agent-insights-q4-2020/"><span style="font-size: 12pt; font-family: Arial; color: #1155cc; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: underline; -webkit-text-decoration-skip: none; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">double-sink vanities</a><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> with ample storage space below. Like the kitchen island, these vanities should serve as&nbsp; a <a href="https://www.homelight.com/blog/home-design-trends-2021/"><span style="font-size: 12pt; font-family: Arial; color: #1155cc; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: underline; -webkit-text-decoration-skip: none; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">focal point </a><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">for the bathroom while remaining functional.&nbsp; In order to take full advantage of space, 29% of agents say linen closets with additional storage are an upgrade home buyers are interested in.&nbsp; Aside from storage, buyers are interested in upscale shower heads. Rainshower heads (<a href="https://www.homelight.com/blog/real-estate-top-agent-insights-q4-2020/"><span style="font-size: 12pt; font-family: Arial; color: #1155cc; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: underline; -webkit-text-decoration-skip: none; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">39%</a><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">) or dual shower heads (<a href="https://www.homelight.com/blog/real-estate-top-agent-insights-q4-2020/"><span style="font-size: 12pt; font-family: Arial; color: #1155cc; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: underline; -webkit-text-decoration-skip: none; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">37%</a><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">) are at the top of the list of bathroom features for 2021.&nbsp; Heated floors (<a href="https://www.homelight.com/blog/real-estate-top-agent-insights-q4-2020/"><span style="font-size: 12pt; font-family: Arial; color: #1155cc; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: underline; -webkit-text-decoration-skip: none; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">26%</a><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">) broke the top 5 bathroom upgrades of interest to buyers, however most of the interest came from those in the Northeast or Midwest. Across all regions, a massive <a href="https://www.homelight.com/blog/real-estate-top-agent-insights-q4-2020/"><span style="font-size: 12pt; font-family: Arial; color: #1155cc; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: underline; -webkit-text-decoration-skip: none; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">72.6% of agents</a><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> said carpeting in a bathroom would dissuade buyers from purchasing a home.&nbsp;&nbsp;
<span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">&nbsp;
<span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Outdoor space became a vital part of life for most of 2020 and will continue into 2021. One trend that began in 2020 and will continue this coming spring is the search for comfortable <a href="https://www.homelight.com/blog/new-years-resolutions-home/"><span style="font-size: 12pt; font-family: Arial; color: #1155cc; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: underline; -webkit-text-decoration-skip: none; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">outdoor furniture</a><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">. To enjoy that new outdoor furniture, buyers continue to <a href="https://www.homelight.com/blog/real-estate-top-agent-insights-q4-2020/"><span style="font-size: 12pt; font-family: Arial; color: #1155cc; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: underline; -webkit-text-decoration-skip: none; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">consider privacy </a><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">an important part of their outdoor area. Buyers are looking for privacy fences that can be made of wood or even a living fence to add to the natural feel of the backyard. At the top of the list of 2021 home buyers wants is an outdoor fire pit according to <a href="https://www.homelight.com/blog/real-estate-top-agent-insights-q4-2020/"><span style="font-size: 12pt; font-family: Arial; color: #1155cc; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: underline; -webkit-text-decoration-skip: none; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">54% of agents</a><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">. Be they large or small, wood heated or gas, fire pits can be very versatile as an addition to an outdoor oasis.&nbsp; The final outdoor renovation that homebuyers look for in 2021 is a dedicated outdoor cooking area. Complete with sink, grill, refrigerator, and storage space, the outdoor cooking area should be a space for family members to gather. Much like the kitchen island as a focal point, outdoor cooking areas should have ample space for food preparation as well as entertaining.&nbsp; This means that there should be plenty of seating areas as well.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;
<span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Though trends can vary from region to region, the top trends are all about space and adjusting to ample time at home. Throughout 2021 these home trends will remain at the forefront of buyers minds when searching for a home and can be beneficial to sellers looking to boost their homes value.&nbsp;&nbsp;&nbsp;

What Homebuyers Want in 2021: The Hottest Kitchen, Bath, and Outdoor Trends in the New Year

<img class="attachment-entry size-entry wp-post-image" src="https://files.mykcm.com/2020/11/04144635/20201105-KCM-Share.jpg" border="0" alt="Why the 2021 Forecast Doesn&rsquo;t Call for a Foreclosure Crisis | MyKCM" width="750" height="410" /> 
<div class="kcm-post-minimal-content">
As the current forbearance&nbsp;<a href="https://www.consumerfinance.gov/coronavirus/mortgage-and-housing-assistance/mortgage-relief/" target="_blank" title="mortgage relief options" rel="noopener noreferrer">mortgage relief options</a>&nbsp;come to an end, many are wondering if we&rsquo;ll face a foreclosure crisis next year. This is understandable, especially for those who remember the housing crisis that began in 2008. The reality is, plans have been put in place through forbearance to ensure history doesn&rsquo;t repeat itself.
This year, homeowners are able to request 180 days of mortgage relief through forbearance. Upon expiration of that timeframe, they&rsquo;re also entitled to request 180 additional days, bringing the total to 360 days of deferred payment eligibility. As forbearance expires, homeowners should stay in touch with their lender, because creating a plan for the deferred payments is a critical next step to avoiding foreclosure. There are&nbsp;<a href="https://www.simplifyingthemarket.com/2020/10/21/why-todays-options-will-save-homeowners-from-foreclosure/?a=261343-fde70025be7e1896416e2359fe154cfc" target="_blank" title="multiple options" rel="noopener noreferrer">multiple options</a>&nbsp;for homeowners to pursue at this point, and with the right planning and communication with the lender, foreclosure doesn&rsquo;t have to be one of them.
Many homeowners are concerned that they&rsquo;ll have to pay the deferred payments back in a lump sum payment at the end of forbearance. Thankfully, that&rsquo;s not the case.&nbsp;Fannie Mae&nbsp;<a href="https://capmrkt.fanniemae.com/heretohelp/kyo/posts/you-dont-have-to-repay-the-forbearance-amount-all-at-once-upon-completion-of-your-forbearance-plan-get-the-facts/" target="_blank" title="explains" rel="noopener noreferrer">explains</a>:
<blockquote>
&ldquo;You don&rsquo;t have to repay the forbearance amount all at once upon completion of your forbearance plan&hellip;Here&rsquo;s the important thing to remember: If you receive a forbearance plan, you will have options when it comes to repaying the missed amount. You don&rsquo;t have to pay the forbearance amount at once unless you are able to do so.&rdquo;
</blockquote>
When looking at the percentage of people in forbearance, we can also see that this number has been decreasing steadily throughout the year. Fewer people than initially expected are still in forbearance, so the number of homeowners who will need to work out alternative payment options is declining&nbsp;(See graph below):<a href="https://files.simplifyingthemarket.com/2020/11/04164136/20201105-MEM-Eng-1.jpg?a=261343-fde70025be7e1896416e2359fe154cfc" target="_blank" rel="noopener noreferrer"><img class="aligncenter wp-image-96358" src="https://files.mykcm.com/2020/11/04164136/20201105-MEM-Eng-1.jpg" border="0" alt="Why the 2021 Forecast Doesn&rsquo;t Call for a Foreclosure Crisis | MyKCM" width="600" height="450" /></a>This means there are fewer and fewer homeowners at risk of foreclosure, and many who initially applied for forbearance didn&rsquo;t end up needing it. Mike Fratantoni,&nbsp;Senior Vice President&nbsp;and&nbsp;Chief Economist&nbsp;at the&nbsp;Mortgage Bankers Association&nbsp;(MBA),&nbsp;<a href="https://www.mba.org/2020-press-releases/october/share-of-mortgage-loans-in-forbearance-declines-to-632" target="_blank" title="explains" rel="noopener noreferrer">explains</a>:
<blockquote>
"Nearly two-thirds of borrowers who exited forbearance remained current on their payments, repaid their forborne payments, or moved into a payment deferral plan.&nbsp;All of these borrowers have been able to resume - or continue - their pre-pandemic monthly payments."
</blockquote>
For those who are still in forbearance and unable to make their payments,&nbsp;foreclosure isn&rsquo;t the only option left. In their&nbsp;<a href="https://www.corelogic.com/insights-download/homeowner-equity-report.aspx" target="_blank" title="Homeowner Equity Insights Report" rel="noopener noreferrer">Homeowner Equity Insights Report</a>,&nbsp;CoreLogic&nbsp;indicates:
<blockquote>
&ldquo;In the second quarter of 2020, the&nbsp;average homeowner gained approximately $9,800 in equity during the past year.&rdquo;
</blockquote>
Many homeowners have enough equity in their homes today to be able to sell their houses instead of foreclosing. Selling and protecting the overall financial investment may be a very solid option for many homeowners. As Ivy Zelman,&nbsp;Founder&nbsp;of&nbsp;Zelman &amp; Associates, mentioned in a recent&nbsp;<a href="https://www.tomferry.com/podcast/experience-91/" target="_blank" title="podcast" rel="noopener noreferrer">podcast</a>:
<blockquote>
&ldquo;The likelihood of us having a foreclosure crisis again is about zero percent.&rdquo;
</blockquote>
<h3>Bottom Line</h3>
If you&rsquo;re currently in forbearance or think you should be because you&rsquo;re concerned about being able to make your mortgage payments, reach out to your lender to discuss your options and next steps. Having a trusted and knowledgeable professional on your side to guide you is essential in this process and might be the driving factor that helps you stay in your home.
Give us a call today to discuss your situation and goals...we're always here to help.
</div>

As the current forbearance mortgage relief options come to an end, many are wondering if we’ll face a foreclosure crisis next year. This is understandable, especially for those who remember the housing crisis that began in 2008.

Why the 2021 Forecast Doesn’t Call for a Foreclosure Crisis

<img class="attachment-entry size-entry wp-post-image" src="https://files.mykcm.com/2020/11/13104538/20201117-KCM-Share.jpg" border="0" alt="Homes for Sale Are Rapidly Disappearing | MyKCM" width="750" height="410" /> 
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Through all the challenges of 2020, the real estate market has done very well, and purchasers are continuing to take advantage of historically low mortgage rates.&nbsp;Realtor Magazine&nbsp;just&nbsp;<a href="https://magazine.realtor/daily-news/2020/11/03/hot-housing-market-likely-won-t-cool-in-winter" target="_blank" title="explained" rel="noopener noreferrer">explained</a>:
<blockquote>
&ldquo;While winter may be typically a slow season in real estate, economists predict it isn&rsquo;t likely to happen this year&hellip;Low inventories combined with high demand due to record-low mortgage rates is&nbsp;sending buyers to the market in a flurry.&rdquo;
</blockquote>
However, one challenge for the housing industry heading into this winter is the dwindling number of homes available for sale. Lawrence Yun,&nbsp;Chief Economist&nbsp;for the&nbsp;National Association of Realtors&nbsp;(NAR), recently&nbsp;<a href="https://www.nar.realtor/research-and-statistics/housing-statistics/existing-home-sales" target="_blank" title="said" rel="noopener noreferrer">said</a>:
<blockquote>
"There is no shortage of hopeful, potential buyers, but&nbsp;inventory is historically low.&rdquo;
</blockquote>
In addition, Danielle Hale,&nbsp;Chief Economist&nbsp;for&nbsp;realtor.com,&nbsp;<a href="https://www.realtor.com/research/weekly-housing-trends-view-data-week-nov-7-2020/" target="_blank" title="notes" rel="noopener noreferrer">notes</a>:
<blockquote>
&ldquo;Fewer new sellers coming to market while a greater than usual number of buyers continue to search for a home causes&nbsp;inventory to continue to evaporate.&rdquo;
</blockquote>
One major indicator the industry uses to measure housing supply is the&nbsp;months&rsquo; supply of inventory. According to&nbsp;<a href="https://www.nar.realtor/blogs/economists-outlook/inventory-and-months-supply" target="_blank" title="NAR" rel="noopener noreferrer">NAR</a>:
<blockquote>
&ldquo;Months&rsquo; supply refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.&rdquo;
</blockquote>
Historically, six months of supply is considered a normal real estate market. Going into the pandemic, inventory was already well below this mark. As the year progressed, the supply has was reduced even further. Here is a graph showing this measurement over the last year:
<h4><img class="aligncenter wp-image-96458" src="https://files.mykcm.com/2020/11/13104539/20201117-MEM-Eng-1.jpg" border="0" alt="Homes for Sale Are Rapidly Disappearing | MyKCM" width="600" height="450" style="font-size: 14px;" /></h4>
<h4>What does this mean if you&rsquo;re a buyer?</h4>
Be patient during your home search. It may take time to find a home you love. Once you do, be ready to move forward quickly. Get&nbsp;<a href="https://www.simplifyingthemarket.com/2020/08/27/why-is-it-so-important-to-be-pre-approved-in-the-homebuying-process/?a=261343-fde70025be7e1896416e2359fe154cfc" target="_blank" title="pre-approved" rel="noopener noreferrer">pre-approved</a>&nbsp;for a mortgage, be prepared to make a competitive offer from the start, and understand how the shortage in inventory has led to more&nbsp;<a href="https://www.simplifyingthemarket.com/2020/10/16/how-to-prepare-for-a-bidding-war-infographic/?a=261343-fde70025be7e1896416e2359fe154cfc" target="_blank" title="bidding wars" rel="noopener noreferrer">bidding wars</a>. Calculate just how far you&rsquo;re willing to go to secure a home if you truly love it.
<h4>What does this mean if you&rsquo;re a seller?</h4>
Realize that, in some ways, you&rsquo;re in the&nbsp;<a href="https://www.simplifyingthemarket.com/2020/10/14/the-1-reason-not-to-wait-to-list-your-house-for-sale/?a=261343-fde70025be7e1896416e2359fe154cfc" target="_blank" title="driver&rsquo;s seat" rel="noopener noreferrer">driver&rsquo;s seat</a>. When there&rsquo;s a shortage of an item at the same time there&rsquo;s a strong demand for it, the seller is in a good position to negotiate. Whether it&rsquo;s the price, moving date, possible repairs, or anything else, you&rsquo;ll be able to ask for more from a potential purchaser at a time like this &ndash; especially if you have multiple interested buyers. Do not be unreasonable, but understand you probably have the upper hand.
<h3>Bottom Line</h3>
The housing market will remain&nbsp;<a href="https://www.simplifyingthemarket.com/2020/11/12/winter-will-bring-a-flurry-of-activity-to-the-housing-market/?a=261343-fde70025be7e1896416e2359fe154cfc" target="_blank" title="strong" rel="noopener noreferrer">strong</a> throughout the winter and heading into the spring. Know what that means for you, whether you&rsquo;re buying, selling, or doing both. Give us a call to take a look at your specific home and discuss your goals.&nbsp;
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Through all the challenges of 2020, the real estate market has done very well, and purchasers are continuing to take advantage of historically low mortgage rates.

Homes for Sale Are Rapidly Disappearing

<img class="attachment-entry size-entry wp-post-image" src="https://files.mykcm.com/2020/11/09104210/20201110-KCM-Share.jpg" border="0" alt="Homeownership Is a Key to Building Wealth | MyKCM" width="750" height="410" /> 
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For years, real estate has been considered the best&nbsp;<a href="https://www.simplifyingthemarket.com/2020/07/10/americans-rank-real-estate-best-investment-for-7-years-running-infographic/?a=261343-fde70025be7e1896416e2359fe154cfc" target="_blank" title="investment" rel="noopener noreferrer">investment</a>&nbsp;you can make. A major reason for this is due to the net worth a household gains through homeownership. In fact, according to the&nbsp;<a href="https://www.federalreserve.gov/publications/files/scf20.pdf" target="_blank" title="2019 Survey of Consumer Finance Data" rel="noopener noreferrer">2019 Survey of Consumer Finance Data</a>&nbsp;from the&nbsp;Federal Reserve,&nbsp;for the average homeowner:
<blockquote>
&ldquo;&hellip;a primary home accounts for 90% of the total wealth of a family in the U.S.&rdquo;
</blockquote>
<h4>How do homeowners gain wealth?</h4>
Most large purchases, like cars and appliances, depreciate in value as they age, so it&rsquo;s understandable to question how owning a home can&nbsp;increase&nbsp;wealth over time. In a simple equation, the&nbsp;National Association of Realtors&nbsp;(NAR)&nbsp;<a href="https://www.nar.realtor/blogs/economists-outlook/metro-area-wealth-gains-from-homeownership-as-of-2020-q2" target="_blank" title="explains" rel="noopener noreferrer">explains</a>&nbsp;how the combination of paying your mortgage and home price appreciation grow overall wealth:
Principal Payments + Price Appreciation Gains = Housing Wealth Gain
As home values increase and you make payments toward your home loan, you&rsquo;ll gain wealth through&nbsp;equity. The same article from NAR also addresses how wealth gains tend to play out over time:
<blockquote>
&ldquo;Housing wealth accumulation takes time and is built up by paying off the mortgage debt and by price appreciation. And while home prices can fall, home prices tend to recover and go up over the longer term.&nbsp;As of September 2020, the median sales price of existing home sales was $311,800, a 35% gain since July 2006 when prices peaked at $230,000.&rdquo;
</blockquote>
Taking a look at how equity has grown for the typical homeowner, it&rsquo;s clear to see how real estate is a sound long-term investment. NAR notes:
<blockquote>
&ldquo;Nationally,&nbsp;a person who purchased a typical home 30 years ago would have typically gained about $283,000 as of the second quarter of 2020.&rdquo; (See graph below):
</blockquote>
<a href="https://files.simplifyingthemarket.com/2020/11/09104212/20201110-MEM-Eng-1.jpg?a=261343-fde70025be7e1896416e2359fe154cfc" target="_blank" rel="noopener noreferrer"><img class="aligncenter wp-image-96426" src="https://files.mykcm.com/2020/11/09104212/20201110-MEM-Eng-1.jpg" border="0" alt="Homeownership Is a Key to Building Wealth | MyKCM" width="600" height="450" /></a>
<h3>Bottom Line</h3>
Whether you&rsquo;re a current homeowner planning to put your&nbsp;<a href="https://www.simplifyingthemarket.com/2020/10/02/rising-home-equity-can-power-your-next-move-infographic/?a=261343-fde70025be7e1896416e2359fe154cfc" target="_blank" title="equity" rel="noopener noreferrer">equity</a> toward a new home or have hopes of buying your first home soon, homeownership will always be a great opportunity to build your net worth and overall wealth. Owning a home is truly an investment in your financial future.&nbsp;
Give us a call today to discuss how you can build or grow your net worth through homeownership.
</div>

For years, real estate has been considered the best investment you can make. A major reason for this is due to the net worth a household gains through homeownership.

Homeownership Is a Key to Building Wealth

<img class="attachment-entry size-entry wp-post-image" src="https://files.mykcm.com/2020/10/26122659/20201027-KCM-Share.jpg" border="0" alt="How Down Payment Assistance Opens the Door to Homeownership | MyKCM" width="750" height="410" /> 
<div class="kcm-post-minimal-content">
Many people are eager to buy a home right now while&nbsp;<a href="https://www.simplifyingthemarket.com/2020/09/22/the-cost-of-a-home-is-far-more-important-than-the-price/?a=261343-fde70025be7e1896416e2359fe154cfc" target="_blank" title="affordability" rel="noopener noreferrer">affordability</a>&nbsp;continues to be a highlight of the current housing market. However, a recent&nbsp;<a href="https://about.bankofamerica.com/assets/pdf/BofA_Consumer_Lending_Homebuyer_Insights_083020_R10-WW.pdf" target="_blank" title="survey" rel="noopener noreferrer">survey</a>&nbsp;by&nbsp;Sparks Research&nbsp;shows that 20% of first-time homebuyers cite a lack of financial education as a barrier to homeownership. This is definitely understandable. If you don&rsquo;t feel comfortable with the financial process of buying a home, it&rsquo;s hard to make a confident decision. In fact, four in five homebuyers say they need help to understand what they can even afford in the first place. This is why finding the right professionals to help you through the process is so important.
On top of that, the same survey reports over two-thirds of prospective homebuyers believe they&rsquo;ll need assistance to save enough for a&nbsp;<a href="https://www.simplifyingthemarket.com/2020/10/13/do-you-have-enough-money-saved-for-a-down-payment/?a=261343-fde70025be7e1896416e2359fe154cfc" target="_blank" title="down payment" rel="noopener noreferrer">down payment</a>. What they may not realize is that there are a lot of down payment assistance programs at the state and regional levels, and many of them have funds available for potential buyers.&nbsp;Down Payment Resources&nbsp;recently released its&nbsp;<a href="https://downpaymentresource.com/wp-content/uploads/2020/09/HPI-Q3-2020-press-release.docx.pdf" target="_blank" title="Q3 2020 Homeownership Program Index" rel="noopener noreferrer">Q3 2020 Homeownership Program Index</a>, which explains:
<blockquote>
&ldquo;The number of total programs is 2,340, and&nbsp;over 81 percent (81.1%) of programs currently have funds available&nbsp;for eligible homebuyers.&rdquo;
</blockquote>
<h4>Down Payment Assistance Programs Are Not Only for First-Time Homebuyers</h4>
Keep in mind, these programs aren&rsquo;t just for first-time homebuyers, so it&rsquo;s worth exploring your options no matter where you are in your homeownership journey. For example, if you&rsquo;re&nbsp;<a href="https://www.simplifyingthemarket.com/2020/08/06/how-is-remote-work-changing-homebuyer-needs/?a=261343-fde70025be7e1896416e2359fe154cfc" target="_blank" title="working from home" rel="noopener noreferrer">working from home</a>&nbsp;now, you may be thinking of relocating to a more affordable area where you can stretch your dollar further and have more space, inside and out. Lawrence Yun,&nbsp;Chief Economist&nbsp;for the&nbsp;National Association of Realtors&nbsp;(NAR),&nbsp;<a href="https://magazine.realtor/daily-news/2020/10/13/threats-to-first-time-home-buyers-path-to-ownership" target="_blank" title="explains" rel="noopener noreferrer">explains</a>:
<blockquote>
&ldquo;Rural areas have mortgages (USDA loans) that don&rsquo;t require down payments; and some workers who can work from home may want to consider outer suburbs or small towns where USDA home loans are available and where homes are very affordable.&rdquo;
</blockquote>
If affordability is on your mind and you&rsquo;re expecting to be working from home long-term, the right home may be in an area you haven&rsquo;t considered yet. In addition, the assistance program you need might be within reach too.
If you&rsquo;re interested in learning more about down payment assistance programs, additional information is available through&nbsp;<a href="https://downpaymentresource.com/are-you-eligible/" target="_blank" title="Down Payment Resource" rel="noopener noreferrer">Down Payment Resource</a>. Your real estate advisor can help you decide which option is best for you personally.
<h3>Bottom Line</h3>
Thanks to a range of down payment assistance programs, affordable options are out there for today&rsquo;s hopeful homebuyers. It&rsquo;s important to get the financial education you need to understand the homebuying process and accomplish your real estate goals. Let&rsquo;s connect today to get you started on the path to your dream home.
</div>

Thanks to a range of down payment assistance programs, affordable options are out there for today’s hopeful homebuyers.

How Down Payment Assistance Opens the Door to Homeownership

<h3 class="kcm-post-minimal-title">Should I Renovate My House Before I Sell It?</h3>
<img class="attachment-entry size-entry wp-post-image" src="https://files.mykcm.com/2020/10/29115125/20201030-MEM-1046x1807.png" border="0" alt="Should I Renovate My House Before I Sell It? [INFOGRAPHIC] | MyKCM" width="1046" height="1807" /> 
<div class="kcm-post-minimal-content">
<h3>Some Highlights</h3>
<ul>
<li>In today&rsquo;s hyper-competitive market, buyers are often willing to overlook cosmetic or minor repair needs if it means snagging a home in their price range.</li>
<li>With so few houses available for sale today, you may be able to skip the bigger renovations before you sell and cash in on the current demand for your house.</li>
<li>If you&rsquo;re ready to move, let&rsquo;s connect to determine your best next steps in this sellers&rsquo; market.</li>
</ul>
</div>

In today's hyper-competitive market, buyers may overlook cosmetic and minor repair needs just to snag your home.

Should I Renovate My House Before I Sell It?

<img class="attachment-entry size-entry wp-post-image" src="https://files.mykcm.com/2020/10/20100311/20201022-KCM-Share.jpg" border="0" alt="Home Values Projected to Keep Rising | MyKCM" width="750" height="410" /> 
<div class="kcm-post-minimal-content">
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&nbsp;<a href="https://www.simplifyingthemarket.com/2020/10/14/the-1-reason-not-to-wait-to-list-your-house-for-sale/?a=261343-fde70025be7e1896416e2359fe154cfc" target="_blank" title="undersupply" rel="noopener noreferrer">undersupply</a>&nbsp;of homes on the market today, there&rsquo;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&rsquo;s what&rsquo;s happening in today&rsquo;s real estate market. The housing supply shortage is also resulting in&nbsp;<a href="https://www.simplifyingthemarket.com/2020/10/16/how-to-prepare-for-a-bidding-war-infographic/?a=261343-fde70025be7e1896416e2359fe154cfc" target="_blank" title="bidding wars" rel="noopener noreferrer">bidding wars</a>, which will also drive price points higher in the home sale process.
There&rsquo;s no evidence that buyer&nbsp;<a href="https://www.simplifyingthemarket.com/2020/09/28/housing-market-on-track-to-beat-last-years-success/?a=261343-fde70025be7e1896416e2359fe154cfc" target="_blank" title="demand" rel="noopener noreferrer">demand</a>&nbsp;will wane. As a result, experts project price appreciation will continue over the next twelve months. Here&rsquo;s a graph of the major forecasts released in the last 60 days:<a href="https://files.simplifyingthemarket.com/2020/10/20100312/20201022-MEM-Eng-1.jpg?a=261343-fde70025be7e1896416e2359fe154cfc" target="_blank" rel="noopener noreferrer"><img class="aligncenter wp-image-96222" src="https://files.mykcm.com/2020/10/20100312/20201022-MEM-Eng-1.jpg" border="0" alt="Home Values Projected to Keep Rising | MyKCM" width="600" height="450" /></a>
<h4>I hear many foreclosures might be coming to the market soon. Won&rsquo;t that drive prices down?</h4>
Some are concerned that homeowners who entered a mortgage forbearance plan might face foreclosure once their plan ends. However, when you analyze the data on those in&nbsp;<a href="https://www.simplifyingthemarket.com/2020/10/21/why-todays-options-will-save-homeowners-from-foreclosure/?a=261343-fde70025be7e1896416e2359fe154cfc" target="_blank" title="forbearance" rel="noopener noreferrer">forbearance</a>, it&rsquo;s clear the actual level of risk is quite low.
Ivy Zelman,&nbsp;CEO&nbsp;of&nbsp;Zelman &amp; Associates&nbsp;and a highly-regarded expert in housing and housing-related industries, was very firm in a&nbsp;<a href="https://www.tomferry.com/podcast/experience-91/" target="_blank" title="podcast" rel="noopener noreferrer">podcast</a>&nbsp;last week:
<blockquote>
&ldquo;The likelihood of us having a foreclosure crisis again is about zero percent.&rdquo;
</blockquote>
With demand high, supply low, and little risk of a foreclosure crisis,&nbsp;home prices will continue to appreciate.
<h3>Bottom Line</h3>
Originally, many thought home prices would depreciate in 2020 due to the economic slowdown from the coronavirus. Instead, prices appreciated substantially. Over the next year, we will likely see home values rise even higher given the continued lack of inventory of homes for sale.
</div>

As we enter the final months of 2020 and continue to work through the challenges this year has brought, what is the impact on housing prices?

Home Values Projected to Keep Rising

According to the Federal Housing Finance Agency (FHFA), home prices grew by 5.4 percent in the second quarter of 2020 compared to a year ago, despite the impacts of COVID-19. Here are the significant findings from the FHFA:
<ul>
<li>- Home prices nationwide rose 5.4% in the year ending in the second quarter of 2020.</li>
<li>- Over the past three years, home prices rose at a 5.7% average annual rate.</li>
<li>- Over the past ten years, home prices rose at a 4.3% average annual rate.</li>
<li>- The map shows the percent change in home prices in the year ending in the second quarter of 2020 by state.</li>
</ul>
<img src="https://files.constantcontact.com/777ea95f701/6a12ae88-316d-4268-aec6-ce46221a5a64.jpg" border="0" width="768" height="551" />
&nbsp;
More significant findings include:&nbsp;
- House prices have risen for 36 consecutive quarters, or since September 2011.
- House prices rose in all 50 states and the District of Columbia between the second quarters of 2019 and 2020.
- The top five areas in annual appreciation were: 1) Idaho 10.8 percent; 2) Arizona 9.1 percent; 3) Washington 8.6 percent; 4) Utah 8.1 percent; and 5) New Mexico 7.7 percent. Idaho has been the leading state for the last 7 quarters. The areas showing the lowest annual appreciation were: 1) West Virginia 1.1 percent; 2) North Dakota 1.1 percent; 3) District of Columbia 1.4 percent; 4) Illinois 2.5 percent; and 5) Alaska 2.6 percent. ? House prices rose in 99 of the top 100 largest metropolitan areas in the U.S. over the last four quarters. Annual price increases were greatest in Urban Honolulu, HI, where prices increased by 11.7 percent.
- Prices were weakest in San Francisco-San Mateo-Redwood City, CA (MSAD), where they decreased by 0.3 percent. ? Of the nine census divisions, the Mountain division experienced the strongest fourquarter appreciation, posting a 7.0 percent gain between the second quarters of 2019 and 2020 and a 0.9 percent increase in the second quarter of 2020. The Mountain division has been the leading region for 11 consecutive quarters. Annual house price appreciation was weakest in the Middle Atlantic division, where prices rose by 4.5 percent between the second quarters of 2019 and 2020.&nbsp;
See below for the 100 top metro areas ranked by year over year price changes below. For your specific area or any questions, please reach out to us at 909-631-0006.
<img src="https://files.constantcontact.com/777ea95f701/b32520fe-683f-4912-aab2-bae847f5c685.jpg" border="0" alt="" width="849" height="1188" />

Home prices grew by 5.4 percent in the second quarter of 2020 compared to a year ago, despite the impacts of COVID-19.

Keeping Current: Home Price Changes in the Past Year

<h2>November Calendar of Online Events</h2>
Looking for some fun and interesting things to do this November from the safety and comfort of your home? Here is a great list of events and information to check out!
I will be looking into the Beer Festival and Macy's Parade myself. If you are a chocolate lover like myself the Northwest Chocolate Festival has everything you ever wanted to know and learn about chocolate !&nbsp;
Enjoy!
Boston New Music Festival &nbsp; Oct. 29-Nov. 15 Over two weeks, Bostons leading new music ensembles present the finest in new music with coordinated virtual concerts. <a href="http://www.bostonnewmusicfestival.org/">www.bostonnewmusicfestival.org</a> 
Banff Centre Mountain&nbsp;Film and Book Festival &nbsp; Oct. 31-Nov. 8 Film programs, guest speakers, and author events begin on October 31 and unique content will be released daily throughout the festival. <a href="http://www.banffcentre.ca/">www.banffcentre.ca</a>&nbsp; 
Texas Book Festival &nbsp; Oct. 31-Nov. 15 Two full weeks of free virtual sessions, including programming for adults, young adults, middle-grade readers, and children! The 2020 Texas Teen Book Festival will also take place during the two-week virtual festival, featuring conversations with acclaimed Young Adult authors aimed at teenage readers. <a href="http://www.texasbookfestival.org/">www.texasbookfestival.org</a> 
Dia de Muertos Festival Seattle &nbsp; Nov. 1 The festival continues to preserve the celebration for new generations to explore and understand its meaning in depth. The celebration is full of color, sounds, scents of incense, and marigold flowers. <a href="http://www.seattlecenter.com/">www.seattlecenter.com</a>&nbsp; 
Rehoboth Beach&nbsp;Independent Film Festival &nbsp; Nov. 5-15 Movie fans and film industry professionals alike gather every November for this amazing five-day event that showcases around 100 American and International films deemed to be the best in their genre. Guests may attend seminars, visit with celebrity guests and attend other special events.&nbsp; <a href="http://www.rehobothfilm.com/">www.rehobothfilm.com</a>
&nbsp;
Moab Folk Festival &nbsp; Nov. 6-7 Karen Savoca and Pete Heitzman, Jonathan Byrd and Dromedary, Sloan Wainwright, Kenny White, David Olney, Ferron, Harry Manx, Peter Mulvey, Cheryl Wheeler, Ellis, John Fullbright, Mark Erelli, Penny &amp; Sparrow, Hubby Jenkins, and May Erlewine. <a href="http://www.moabfolkfestival.com/">www.moabfolkfestival.com</a> 
NOLA Film Festival &nbsp; Nov. 6-22 Showcasing 160+ films virtually on our streaming channel + open-air screenings of a selection of films from the program on two outdoor screens at the Lafitte Greenway between November 6-16. <a href="http://www.neworleansfilmsociety.org/">www.neworleansfilmsociety.org</a> 
International Indian Cultural Festival &nbsp; &nbsp;Nov. 7 The goal of the IICF 2020 is to preserve and foster the Indian Culture in an international setting. There will be music, songs, dance, kids activities and networking.&nbsp; <a href="https://iicfestival.smartsociety.org/">https://iicfestival.smartsociety.org</a> 
Tyron Beer Festival &nbsp; Nov. 7 Zoom into Tryon, North Carolina for the 9th annual Beer Fest! Ticket price includes a mixed 12-pack of beer, merch and access to online entertainment.&nbsp; <a href="http://www.downtowntryon.org/">www.downtowntryon.org</a>&nbsp; 
Northwest Chocolate Festival &nbsp; Nov. 7-8 During the virtual festival week we will be hosting programming from cooking demos, to chocolate tastings, as well has holiday gift ideas and exclusive interviews and workshops.&nbsp; <a href="http://www.nwchocolate.com/">www.nwchocolate.com</a> 
International Virtual Tea Festival &nbsp; Nov. 7-8 A virtual tea experience including exclusive vendor content, vendor rooms where you can chat with vendors live, virtual tastings of their teas, showing how to prepare, how to use certain equipment, talking about where their teas come from. Depending on the ticket option you choose, you may also be able to taste samples of their teas along with their presentations! <a href="http://www.teafestivals.org/">www.teafestivals.org</a>
&nbsp;
Gainesville Downtown Festival/Art Show &nbsp; Nov. 7-8 A virtual celebration of art, music, and entertainment. Visitors can marvel at works from over 40 of the nation's most talented artists, who display original oils and acrylics, vibrant watercolors, captivating drawings, dazzling jewelry, decorative ceramics and vivid photography.&nbsp; <a href="https://gainesvilledowntownartfest.weebly.com/">https://gainesvilledowntownartfest.weebly.com</a> 
Maine Jewish Film Festival &nbsp; Nov. 7-22 The Maine Jewish Film Festival is a nonprofit organization whose mission is to provide a forum for the presentation of films to enrich, educate and entertain a diverse community about the global Jewish experience. <a href="http://www.mjff.org/">www.mjff.org</a> 
Future Festival &nbsp; Nov. 10-12 Join 7,000 of the worlds brightest insight leaders, from Starbucks &amp; Samsung, to Google &amp; NASA, whove relied on Future Festival to step back, think big, and spot opportunity with fresh, data-driven insight from the #1 trend firm. <a href="http://www.futurefestival.com/">www.futurefestival.com</a> 
Petaluma Holiday Art Fest &nbsp; Nov. 13 Artists and vintage sellers work all year to present some of the best Christmas shopping of the season at this Vintage and Christmas Art Show. Shop for gifts, decorations, or that perfect art piece to add to your collection.&nbsp; <a href="http://www.visitpetaluma.com/">www.visitpetaluma.com</a> 
Southern Utah Yoga Fest &nbsp; Nov. 13-14 Two full days of yoga, meditation, sound healing, lectures, music and delicious food. Over 15 different teachers and more than 20 different classes and workshops to choose from. <a href="http://www.southernutahyoga.com/">www.southernutahyoga.com</a> 
Babypalooza Baby Registry Expo &nbsp; Nov. 13-14 Visit one-on-one with exhibitors through live feeds. Learn about products to add to your baby registry direct from the brand reps. Attend health workshops with local experts. Play baby bingo and more in the Virtual Baby Shower room.&nbsp; <a href="http://www.babypalooza.com/">www.babypalooza.com</a>
&nbsp;
Women in Tech Festival &nbsp; Nov. 13-14 Silicon Valley Forum's annual Women in Tech Festival celebrates women in STEM, business, and leadership who work to inspire, engage, and empower other women.&nbsp; <a href="http://www.siliconvalleyforum.com/women-in-tech-festival">www.siliconvalleyforum.com/women-in-tech-festival</a> 
Rocky Mountain&nbsp;Womens Film Festival &nbsp; Nov. 13-21 The longest-running women's film festival in North America honors films and filmmakers that present the world as women experience it. Showcases documentary, narrative, shorts, and animated films that are thought-provoking, enriching, and encourage both global awareness and personal growth. <a href="http://www.rmwfilm.org/">www.rmwfilm.org</a> 
Snake River Storytelling&nbsp;Virtual Conference and Concert &nbsp; Nov.14 Enjoy five incredible workshops from nationally acclaimed storytellers. Later that evening, sit back and listen to these incredible storytellers from the comfort of your own home.&nbsp; <a href="https://snakeriverstorytelling.weebly.com/">https://snakeriverstorytelling.weebly.com</a>&nbsp; 
Spokane Fall Folk Festival &nbsp; Nov. 14-Dec. 30 Pre-recorded performances of entertainers selected from this years applicants streamed on our website and Facebook page. In keeping with our tradition of having vendors at our festivals, this years Virtual Festival will have a Festival Market Place where you can shop for unique and very special items. <a href="http://www.spokanefolkfestival.org/">www.spokanefolkfestival.org</a> 
Colorado Bridal Show &nbsp; Nov. 15 Plan, shop, talk to local vendors, register for prize giveaways. Plan your wedding in one day!&nbsp; <a href="http://www.theexpopros.com/">www.theexpopros.com</a> 
Saint Alphonsus Festival of Trees &nbsp; Nov. 19-30 Share in the magic as we virtually display a wonderland of holiday splendor, featuring lavishly decorated Christmas trees, wreaths, and inspirational decor that are available to bid on and purchase online. The Festival of Trees wouldnt be complete without a visit with Santa Claus.&nbsp; <a href="http://www.saintalphonsus.org/">www.saintalphonsus.org</a>
 Applewood Virtual Art Festival &nbsp; Nov. 20-21 Colorado Applewood artisans come to you virtually in the comfort and safety of your home. Shop at your leisure, connect with the artisans, and enjoy some holiday music.&nbsp; <a href="http://www.applewoodfestivals.com/">www.applewoodfestivals.com</a> 
ART on the Square Virtual Holiday Show &nbsp; Nov. 21 Discover unique and original gifts for everyone on your list. Visit and chat with artists in their virtual booths. You can also shop and buy directly from each artist's website for a stress-free holiday shopping experience.&nbsp; <a href="http://www.redwoodcity.org/">www.redwoodcity.org</a> 
San Francisco Int'l Hip Hop Dancefest &nbsp; Nov. 21 The world premiere of a commissioned work by curated dance artists from around the globe. Live performances by local artists. All-time favorite past SFIHHDF performances. Appearances by special guests. Online auction. <a href="http://www.sfhiphopdancefest.com/">www.sfhiphopdancefest.com</a> 
Chicago Toy &amp; Game Fair &nbsp; Nov. 21-22 North Americas largest toy &amp; game fair open to the public with experiential and immersive events, interactive exhibits and activities for all ages! Expand your brains, have fun, discover and experience new toys and games! <a href="http://www.chitag.com/fair">www.chitag.com/fair</a>&nbsp; 
Macy's Thanksgiving Day Parade &nbsp; Nov. 26 This year the celebration will shift to a television only special presentation, showcasing the Macy's Parade's signature mix of giant character helium balloons, fantastic floats, street performers, clowns and heralding the arrival of Santa Claus.&nbsp; <a href="http://www.macys.com/social/parade">www.macys.com/social/parade</a> 
Turkey Trails Virtual Race &nbsp; Nov. 26 A Thanksgiving themed run that is perfect for the whole family. The fun includes great swag (designer shirt, custom medal), online results with a great running community.&nbsp; <a href="http://www.runsignup.com/">www.runsignup.com</a>&nbsp;

Looking for some fun and interesting things to do this November from the safety and comfort of your home? Here is a great list of events to check out!

November Calendar of Online Events

<h1>The Market &amp; Industry: California Prices remain high while inventory tightens</h1>
Last week saw another decline in the number of listings added to the MLS in California, hinting at increasingly tight inventory in the weeks to come. And California REALTORS&reg; are reporting listings are essentially flat, while closings and new listing appointments are falling.
Prices remain high; in Southern California, the median home price in August was up 12.1 percent from a year earlier. Even in the Bay Area, which is one of the nation&rsquo;s weakest regions in recovering jobs lost during the coronavirus shutdowns, median prices were up 16 percent from the previous year. And nationwide, the median home price hit a record high.
Freddie Mac&rsquo;s chief economist predicted mortgage rates, which have been steadily sliding all year, are beginning to flatten. But with rates still near record lows, buying power remains strong. And last week, the number of mortgages whose payment requirements have been suspended due to COVID dropped by 18 percent. For the first time since April, fewer than 3 million mortgages are in forbearance.
On Tuesday, C.A.R. released its 2021 housing forecast, predicting that low interest rates and high demand will bolster home sales in the coming year &mdash; but economic uncertainty due to the pandemic will limit sales growth.&nbsp;
<h6>Sources: C.A.R. Research &amp; Economics, The Los Angeles Times, The Mercury News, Inman News, Freddie Mac, CNBC</h6>

California Prices remain high while inventory tightens. The median home price in August was up 12.1 percent from a year earlier.

The Market & Industry: California prices remain high while inventory tightens

<h1>HOW WILL THE 2020 ELECTION AFFECT REAL ESTATE?</h1>
Whether we&rsquo;re ready for it or not, the 2020 presidential election is right around the corner.&nbsp;Rocky political environments can create instability in the stock market-causing consumer confidence to drop. But the real estate market is different.
Historically speaking, home sales typically slow down in the fall following the spring and summer rush.&nbsp;BTIG, a research and analysis company, looked at new home sales from 1963-2019 and noted an average decline of -9.8% in November compared to October.&nbsp;In election years, there is a drop up to -15% from October to November because buyers and sellers become more cautious during that time. However, this is only temporary.&nbsp;Also noted was the year after a presidential election is the best of the four-year cycle. This suggests that demand for new housing is not lost because of election uncertainty, rather it gets pushed out to the following year as long as the economy stays on track.
Experts believe that once the election is over, we could see the real estate market perform even better in the months following.&nbsp;However, as we saw with the pandemic, the reward of locking in record-low mortgage rates also may continue to outweigh any consumer caution and drive buyers and sellers to act.&nbsp;Plus, low inventory and high buyer demand puts sellers in a very powerful position.
If you have any questions about your home or situation, please reach out to us today!
&nbsp;

Whether we’re ready for it or not, the 2020 presidential election is right around the corner. Rocky political environments can create instability in the stock market-causing consumer confidence to drop. But the real estate market is different.

HOW WILL THE 2020 ELECTION AFFECT REAL ESTATE?

<h1>Fall Home Maintenance</h1>
<h4>Feel that nip in the air? Yeah, not much...yet! However, it's the perfect time to prep for the cooler months to keep your home in peak condition and save yourself costly future repairs.</h4>
- Clean gutters and downspouts regularly to avoid clogging and exterior damage.
- Check for and repair broken or missing shingles. November marks the beginning of Southern California&rsquo;s rainy season.
- Make sure your attic and crawlspaces have adequate insulation.
- Change your air filters monthly, or according to the manufacturer's instructions.
- Schedule to have a professional inspect and clean your chimney before your first use of the season.
- Check for drafts around doors and windows by closing on a strip of paper - update weatherstripping if the paper slides out easily.
- Inspect your smoke and CO detectors - test alarm, check batteries and expiration dates.

Feel that nip in the air? Yeah, not much...yet! However, it's the perfect time to prep for the cooler months to keep your home in peak condition and save yourself costly future repairs.

Fall Home Maintenance

In 2020, spooky season may look a little different.
&nbsp;
I&rsquo;ve been seeing some great ideas on the internet for ways to celebrate Halloween amidst COVID this year.
&nbsp;
Some of them are for safe trick or treating, while others are ideas you can do with your kids in lieu of traditional trick or treating. Here are some of my favorites:
&nbsp;
<ul>
<li>Scavenger Hunt: If you decide not to take your kids out trick or treating this year, plan a scavenger hunt for them with treats hidden around your home. <a href="I&rsquo;ve%20been seeing some great ideas on the internet for ways to celebrate Halloween amidst COVID this year.">Click here to download a scavenger hunt worksheet.</a></li>
<li><a href="I&rsquo;ve%20been seeing some great ideas on the internet for ways to celebrate Halloween amidst COVID this year."><img src="https://files.constantcontact.com/777ea95f701/345436d5-53fc-4671-ae8d-e970280739cc.png" border="0" width="216" height="279" /></a></li>
</ul>
&nbsp;
<ul>
<li>Trunk or Treat: Organize a trunk or treat with your neighborhood. Put your treats in the trunk of your car and let the neighborhood kids pass by, keeping their distance from you, and take a treat from the trunk.</li>
</ul>
&nbsp;
<ul>
<li>Costume Parade: Some neighborhoods are planning to have the children parade in front of homes, 6 feet from one another, in a costume parade. Neighbors could combine their treats and let the kids pick them up at the end of the parade.</li>
</ul>
&nbsp;
<ul>
<li>Reverse Trick or Treat: In this idea, the kids stay in their own yards in costume, and a parent from each home drives by and throws candy from the car.</li>
</ul>
&nbsp;
<ul>
<li>Glow-in-the-dark Eggs: Order glow-in-the-dark eggs from Amazon, fill them with candy, and scatter them in your yard. Kids can pick up an egg without coming too close to anyone.</li>
</ul>
&nbsp;
<ul>
<li>Pick a Cup or Bag: Similarly, put your candy or treats in small cups or paper bags and set them out on your porch or a table in your driveway. You can sit nearby and let the kids take their treat as they pass by.</li>
</ul>
&nbsp;
<ul>
<li>Halloween Pi&ntilde;ata: Here&rsquo;s another idea if your family decides to forgo trick or treating this year. Let your kids take turns whacking a pumpkin pi&ntilde;ata until the treats spill out!</li>
</ul>
&nbsp;
<ul>
<li>Ring and Run Treats: This fun family activity is a new take on the old doorbell dash prank. Sneak to your kids friends&rsquo; homes and leave a treat on their porch, then ring the doorbell and run! Treats can be Halloween cookies you all bake together.</li>
</ul>
&nbsp;
<ul>
<li>Virtual Costume Party: Let&rsquo;s face it, what the kids enjoy most is choosing a costume, dressing up, and showing it off to their friends. They can enjoy each-others&rsquo; costumes virtually with a Zoom or Facetime party.&nbsp;</li>
</ul>
What about you? Do you have any fun ideas or plans for this year's festivities? I'd love to hear!

In 2020, spooky season may look a little different. I’ve been seeing some great ideas on the internet for ways to celebrate Halloween amidst COVID this year.

Celebrating Halloween COVID Style

<h1>Southern California Real Estate Market Update</h1>
Here is your update on the current and projected market for Southern California for October 2020:
&nbsp;
//&nbsp;The active listing inventory has remained relatively flat. We are still seeing the lowest level of inventory since tracking in 2012. Inventory level is expected to drop further by the end of the year.
&nbsp;
//&nbsp;Demand, the number of pending sales over the&nbsp;prior month, decreased 3% in the last month but is still 25% more than this time last year.
&nbsp;
// Expected market time of 38&nbsp;days indicates a hot Seller&rsquo;s Market for nearly all of Southern California.
&nbsp;
// The presidential election may cause consumers to watch and wait in the weeks to come. But the real estate market isn&rsquo;t rocky&hellip; it&rsquo;s rock solid. And delaying plans could mean missing out on once-in-a-lifetime affordability.

Here is your update on the current and projected market for Southern California for October 2020:


Southern California Real Estate Market Update

<h1 class="_5RYuEA direction-ltr align-start para-style-body">Coronavirus Impacts on the Real Estate Market</h1>
We have all felt the immense impact of the coronavirus on our daily lives, so how is the real estate industry coping?
Buyers nationwide have shifted priorities in their home search while many are working remotely. The focus is often on common spaces - a home office, extra bedroom, and an open floor plan - rather then on the commute time to the office.
"Virtual showings" and remote processes allowed buyers to continue purchasing homes throughout the spring. However, as soon as the weather cleared up, buyers were out in droves looking for homes to buy. Low interest rates fueled their purchasing power.
Sellers were also initially uncertain, with fear of exposure to the virus and&nbsp;not knowing if buyers were ready to purchase. Many home sellers who had envisioned putting their house on the market during the spring months decided to wait, and inventory throughout the country dropped.
As showings resumed in full force, those listing their homes are finding themselves in a seller's market due to the low inventory. The majority of sellers are not reducing their asking price and home prices nationwide, including distressed sales, increased year over year by 5.9% in August 2020 compared with August 2019.
Buyers do have the benefit of historically low mortgage rates. Although buyers have fewer homes to chose from, many are eager to take advantage of this opportunity to boost their purchasing power with a lower rate.
If you have any questions or need anything, please reach out to us at 909-631-0006.
&nbsp;
&nbsp;

We have all felt the immense impact of the coronavirus on our daily lives, so how is the real estate industry coping?

Coronavirus Impacts on the Real Estate Market

<h3 class="kcm-post-minimal-title">Real Estate Continues to Show Unprecedented Strength This Year</h3>
<h1 class="post-title entry-title "><img class="attachment-entry size-entry wp-post-image" src="https://files.mykcm.com/2020/10/15143038/20201019-KCM-Share.jpg" border="0" alt="Real Estate Continues to Show Unprecedented Strength This Year | MyKCM" width="750" height="410" /> </h1>
<div class="kcm-post-minimal-content">
The 2020 housing market has surpassed all expectations and continues to drive the nation&rsquo;s economic recovery. The question is, will this positive trend continue throughout the rest of the year, especially given the uncertainty around the current health crisis, the upcoming election, and more?
Here&rsquo;s a look at what several industry-leading experts have to say.
<a href="https://www.nar.realtor/newsroom/existing-home-sales-hit-highest-level-since-december-2006" target="_blank" title="Lawrence Yun, Chief Economist, National Association of Realtors" rel="noopener noreferrer">Lawrence Yun,&nbsp;Chief Economist,&nbsp;National Association of Realtors</a>
<blockquote>
&ldquo;Home sales continue to amaze, and there are plenty of buyers in the pipeline ready to enter the market&hellip;Further gains in sales are likely for the remainder of the year,&nbsp;with mortgage rates hovering around 3% and with continued job recovery."
</blockquote>
<a href="https://www.corelogic.com/insights-download/homeowner-equity-report.aspx" target="_blank" title="Frank Martell, President and CEO, CoreLogic" rel="noopener noreferrer">Frank Martell,&nbsp;President&nbsp;and&nbsp;CEO,&nbsp;CoreLogic</a>
<blockquote>
"Homeowners&rsquo; balance sheets continue to be bolstered by home price appreciation, which in turn mitigated foreclosure pressures&hellip;Although the exact contours of the economic recovery remain uncertain,&nbsp;we expect current equity gains, fueled by strong demand for available homes, will continue to support homeowners in the near term."
</blockquote>
<a href="http://zillow.mediaroom.com/2020-09-25-New-Forecast-Sees-Sales-Peak-This-Fall-Stay-Above-Pre-Pandemic-Levels-Through-the-Coming-Year" target="_blank" title="Zillow" rel="noopener noreferrer">Zillow</a>
<blockquote>
&ldquo;Zillow's predictions for seasonally adjusted home prices and pending sales are more optimistic than previous forecasts&nbsp;because sales and prices have stayed strong through the summer months amid increasingly&nbsp;short inventory and high demand.
The pandemic also pushed the buying season further back in the year, adding to recent sales. Future sources of uncertainty including lapsed fiscal relief, the long-term fate of policies supporting the rental and mortgage market, and virus-specific factors, were incorporated into this outlook.&rdquo;
</blockquote>
<h3>Bottom Line</h3>
Many economists are in unison, indicating the housing market will continue to fuel the economy through the end of the year, maintaining this unprecedented strength.
</div>
If you have any questions or need additional information, give us a call at 909-631-0006.
&nbsp;
<h3>We believe every&nbsp;family&nbsp;should feel&nbsp;confident&nbsp;when buying and selling a&nbsp;home.</h3>

The 2020 housing market has surpassed all expectations and continues to drive the nation’s economic recovery. Will this continue? Read on...

Real Estate Continues to Show Unprecedented Strength This Year

Online events are virtual and highly interactive, where people come together to learn and be entertained on the web. No matter what you're looking for there's a virtual event that's just right for you. Check out October's calendar to see what fun events interest you!
&nbsp;
Plano Virtual Comedy Festival &nbsp; Oct. 1-4 A weekend of comedy events you can attend right from the comfort of your laptop, desktop or mobile phone! Featuring some of the best comedians in the country, we're bringing all the fun of Plano Comedy Festival straight to you without you having to leave your home! <a href="http://www.planocomedyfestival.com/">www.planocomedyfestival.com</a> 
Virtual Bronx Book Fair &nbsp; Oct. 2-5 Literary fun includes panel discussions, keynote speaker, children story hour, women panel, writing workshops and music. <a href="http://www.pw.org/literary_events/virtual_bronx_book_fair">www.pw.org/literary_events/virtual_bronx_book_fair</a> 
Portland Dance Film Fest &nbsp; Oct. 2-11 Ten days of over 60 films screenings, workshops, world premieres, and fun. 26 spectacular PDFF Picks, 9 moving documentaries, 24 mini films created while sheltering in place, and the world premiere of the Oregon Dance Film Commission. <a href="http://portlanddancefilmfest.com/">http://portlanddancefilmfest.com</a>&nbsp; 
The Ozarks Maker Faire &nbsp; Oct. 3 We will be celebrating and showcasing a variety of makers whether theyre of the fine arts type maker or the industrial maker. Just a few examples are: hacker, woodworker, silversmith, coder, drone pilot, baker, and candlestick maker!&nbsp; <a href="https://theozarks.makerfaire.com/">https://theozarks.makerfaire.com</a> 
Ohio Poetry Day Virtual Celebration &nbsp; Oct. 3 The afternoon kicks off with a reading by Kari Gunter-Seymour, who will then be interviewed by OPA President Chuck Salmons. After a short break, the OPD contest winners will be invited to read their winning poems. <a href="http://www.ohiopoetryassn.org/">www.ohiopoetryassn.org</a> 
Int'l Edgar Allan Poe Festival &amp; Awards &nbsp; Oct. 3-4 Poe-themed performances, vendors, booksellers and music, plus family-friendly activities, poetry and art.&nbsp; <a href="http://www.poefestinternational.org/">www.poefestinternational.org</a> 
Say NO Bullying Virtual Festival &nbsp; Oct. 4 Will feature entertainment, empowerment speakers and celebrity appearances. Join the worldwide community and Say NO Bullying.&nbsp; <a href="http://www.saynobullying.org/festival">www.saynobullying.org/festival</a>&nbsp; 
The New Yorker Festival &nbsp; Oct. 5-11 Will feature talks, panel discussions, and performances with some of the most talented and influential figures of our time, from the worlds of politics, activism, literature, food, and entertainment.&nbsp; <a href="http://www.newyorker.com/">www.newyorker.com</a> 
Concert of Colors &nbsp; Oct. 6-11 The Concert of Colors is metro Detroits free annual diversity-themed music festival. &nbsp;Global music at its finest at this colorful, festive, upbeat coveted summer event. &nbsp; <a href="http://www.concertofcolors.com/">www.concertofcolors.com</a> 
Good Mental Health Festival &nbsp; Oct. 9 The Good Mental Health festival is designed to improve the way people think and feel about mental health, the festival includes positive mental health talks, presentations &amp; workshops.&nbsp; <a href="http://www.thisiscalmer.com/good-mental-health-festival">www.thisiscalmer.com/good-mental-health-festival</a> 
Fort Collins Book Fest &nbsp; Oct. 9-11 &amp; 16-18 The book fest includes a variety of interviews with authors, book talks, readings, panels and writers workshops. <a href="http://www.focobookfest.org/">www.focobookfest.org</a> 
Oyster Festival &nbsp; Oct. 10-18 Virtual festival-goers will be able to access and participate in an entire weeks worth of fun, informative and downright delicious activities, including: virtual tours of the oyster life, including habitat, harvesting and history and livestream presentation and conversation with an oyster historian.&nbsp; <a href="http://www.yorkhistorycenter.org/event/oysterfest">www.yorkhistorycenter.org/event/oysterfest</a>&nbsp; 
Digital Chocolate Festival &nbsp; Oct. 14-20 At Celebrate Cacao our mission is to share our passion for, and educate others about the fine quality, bean-to-bar, ethically produced chocolate being made right here in the UK! The Digital Chocolate Festival has been created as a platform to continue to promote and advocate for craft chocolate makers during the global pandemic we find ourselves in. <a href="https://celebratecacao.co.uk/">https://celebratecacao.co.uk</a> 
Wild &amp; Scenic Film Festival &nbsp; Oct. 15 A series of thought-provoking and breathtaking local, national and global short films exploring the protection and restoration of wild lands and waters, food systems, climate change, biodiversity, litter prevention, and much more.&nbsp; <a href="http://www.prc.org/filmfestival">www.prc.org/filmfestival</a>&nbsp; 
Rare Books LA Virtual Book Fair &nbsp; Oct. 15-18 Rare books, fine prints, classic photography, unique ephemera and more await your discovery online. <a href="http://www.rarebooksla.com/">www.rarebooksla.com</a> 
The Virtual Kentucky Bourbon Festival &nbsp; Oct. 15-18 Promotes Kentucky Bourbon &amp; the Bourbon Capital of the World by hosting a celebration that contributes to the economic and cultural vitality of our communities in Bardstown, Kentucky.&nbsp; <a href="http://www.kybourbonfestival.com/">www.kybourbonfestival.com</a> 
AFI (American Film Institute) FEST 2020 &nbsp; Oct. 15-22 The virtual edition will have the same programming structure with sections highlighting new auteurs and world cinema, as well as filmmaker conversations and the AFI Summit.&nbsp; <a href="http://www.afi.com/">www.afi.com</a> 
OC Film Fiesta Festival &nbsp; Oct. 15-25 Featuring more than 40 films from around the world, conversations with filmmakers, workshops and special programs, this years OC Film Fiesta will be a virtual event that can be enjoyed anywhere!&nbsp; <a href="http://www.ocfilmfiesta.org/">www.ocfilmfiesta.org</a> 
Bronzeville Art District Virtual Trolley Tour &nbsp; Oct. 16 You can virtually visit any of the galleries, art institutions or studios and experience amazing art and entertainment.&nbsp; <a href="http://www.bronzevilleartdistrict.com/">www.bronzevilleartdistrict.com</a>&nbsp;
 RetroPop Live! Halloween &nbsp; Oct. 17 What better way to celebrate the Halloween season than with a Horror festival filled with nostalgia? Enjoy cast reunions from iconic 80s and 90's horror movies including the cult classic Killer Klowns From Outer Space, a Friday the 13th 40th Anniversary Cast Reunion, Child's Play, virtual meet &amp; greets, autograph signings and collectible spotlights. <a href="http://www.retropoplivehalloween.com/">www.retropoplivehalloween.com</a> 
EarthxConservation &nbsp; Oct. 19-21 This three-day virtual event is designed to raise awareness about conservation and responsible resource use, and create understanding about how appropriately managed hunting, fishing, and agricultural activities around the world are critical to further conservation resulting in environmentally protective use of the biosphere. <a href="http://www.earthx.org/">www.earthx.org</a> 
International Yoga Festival 2020 &nbsp; Oct. 21-25 This yoga festival offers yoga classes, lectures, meditation, workshops, music, kirtan, wellness, inspirational talks and much more at the comfort of your own home.&nbsp; <a href="http://www.eventbrite.com/">www.eventbrite.com</a>&nbsp; 
Austin Film Festival &amp; Conference &nbsp; Oct. 22-29 Recognized as one of the top film festivals in the country, this cinematic event shines the spotlight on both top-billed films and indies alike. <a href="http://www.austinfilmfestival.com/">www.austinfilmfestival.com</a> 
Denver Film Festival &nbsp; Oct. 22-Nov. 8 This year we are hosting the Festival on our new virtual platform, which will allow us to bring Official Selections, exclusive filmmaker conversations, bonus content, special guests and more, to all of Colorado. <a href="http://www.denverfilm.org/">www.denverfilm.org</a> 
Boston Veg Food Fest 2020 &nbsp; Oct. 24 A special and exciting virtual event including outstanding speakers, a platform for vegan products and businesses and nonprofit and a Vegan Marketplace.&nbsp; <a href="http://www.bostonveg.org/foodfest">www.bostonveg.org/foodfest</a>
 Fall for Art &nbsp; Oct. 25-30 A juried art show &amp; sale virtual fundraiser sponsored by the Jewish Federation of Ulster County featuring artists of the Hudson Valley showing and selling their 2D and 3D work.&nbsp; <a href="http://www.fallforart.org/">www.fallforart.org</a> 
Virtual Halloween Painting Party &nbsp; Oct. 31 Hosted by Paint for a Purpose. 1.5 hour course led by an expert artist to guide you through the creation of a spooky painting inspired by Halloween. Release your creativity while painting along. No experience needed.&nbsp; <a href="http://www.eventbrite.com/">www.eventbrite.com</a> 
Halloween Cookie Decorating Class &nbsp; Oct. 31 Sign up to learn the basics and decorate Halloween cookies with founder and baker Vonteyah of Sweetie Vs Desserterie! This is a class for beginners and no experience is necessary! Also, this class is online only! Each step will be demonstrated along the way. <a href="http://www.eventbrite.com/">www.eventbrite.com</a>

Check out October's calendar to see what fun events interest you!

October 2020 Online Events Calendar

<div><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/articles/110051/1.jpg" border="0" alt="&lt;span&gt;Photo by &lt;a href=&quot;https://unsplash.com/@tierramallorca?utm_source=unsplash&amp;amp;utm_medium=referral&amp;amp;utm_content=creditCopyText&quot;&gt;Tierra Mallorca&lt;/a&gt; on &lt;a href=&quot;https://unsplash.com/s/photos/offer-accepted?utm_source=unsplash&amp;amp;utm_medium=referral&amp;amp;utm_content=creditCopyText&quot;&gt;Unsplash&lt;/a&gt;&lt;/span&gt;" width="401" height="301" /></div>
<div>&nbsp;</div>
<div>Here are seven tips to increase your chances of getting your dream house in a competitive housing market.</div>
<div>&nbsp;</div>
<div>
1. Get prequalified for a mortgage. You&rsquo;ll be able to make a firm commitment to buy and your offer will be more desirable to the seller.
</div>
<div>
2. Stay in close contact with your real estate agent. Your agent will be on the lookout for the newest listings that meet your criteria. Be ready to see a house as soon as it goes on the market &mdash; if it&rsquo;s a great home, it will go fast.
</div>
<div>
3. Scout out new listings yourself. Browse sources such as realtor.com and local real estate listing sites. Set up alerts for the neighborhoods and characteristics you&rsquo;re looking for. Drive through your target neighborhoods, and if you see a home you like for-sale, send the address and listing agent&rsquo;s name to your agent, who can schedule a showing for you.
</div>
<div>
4. Be ready to make a decision. Spend plenty of time in advance deciding what you can afford and must have in a home so you won&rsquo;t hesitate when you have the chance to make an offer.
</div>
<div>
5. Bid competitively. Your first inclination may be to start out offering something less than the absolute highest price you can afford, but if you go too low in a tight market, you will likely lose out.
</div>
<div>
6. Keep contingencies to a minimum. Restrictions such as needing to sell your home before you move can make your offer unappealing. Remember that, if the market is tight, you&rsquo;ll probably be able to sell your house rapidly. You can also talk to your lender about getting a bridge loan to cover both mortgages for a short period.
</div>
<div>
7. But don&rsquo;t get caught in a buying frenzy. Just because there&rsquo;s competition for a home doesn&rsquo;t mean you should buy it. And even though you want to make your offer attractive, don&rsquo;t neglect inspections that help ensure the house is a sound investment.
For more information or anything you may need, please contact us at 909-631-0006.&nbsp;
</div>

How to increase your chances of getting your dream house in a competitive housing market.

7 Tips to Get Your Offer Accepted in a Tight Market

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