More Sellers Are Taking Their Homes off the Market. But Sellers aren't Giving Up

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More Sellers Are Taking Their Homes off the Market. Here’s What You Need To Know. You may be hearing that a near-record number of homeowners are pulling their houses off the market. And if that headline has you thinking,  “Wait… is something bad about to happen?”  You’re not alone. Because when people start stepping to the sidelines, it  sounds  like a warning sign that something’s coming – or that they realize something you don’t know. Here’s the thing. This trend gets spun like it means the market is about to crash. But the data tells a more practical story. What the Numbers Actually Say According to the latest data from  Redfin ,  5.5% of all listings were taken off the market in May.  And it’s true that’s almost the highest it’s been since back in March 2020   ( see graph below ):  That can sound scary. But a lot of the fear comes from how this story gets told. “ A near record number of sellers are pulling their listings ” makes a great c...
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Buying a home can be SCARY…Until you know the FACTS [INFOGRAPHIC]

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Buying a home can be SCARY…Until you know the FACTS [INFOGRAPHIC] | MyKCM

Some Highlights:

Many potential homebuyers believe they need a 20% down payment and a 780 FICO® score to qualify to buy a home. This stops many people from even trying to jump into homeownership! Here are some facts to help take the fear out of the process:
  • 71% of buyers who purchased homes have put down less than 20%.
  • 78.1% of loan applications were approved last month.
  • In September, the average credit score for approved loans was 737.

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