Property Specialists in Livinsgton & Phoenix Valley
You may see media coverage talking about a drop in homeowner equity. What’s important to understand is that equity is tied closely to home values. So, when home prices appreciate, you can expect equity to grow. And when home prices decline, equity does too. Here’s how this has played out recently. Home prices rose rapidly […]
Governor Whitmer Eliminates Remaining Real Estate Limitations and Reopens Much of the State. Today, Governor Gretchen Whitmer signed Executive Order 2020-110, rescinding her “Safer at Home” Order, and moving the entire state to phase four of the MI Safe Start Plan. This action removes most of the restrictions that real estate brokerages and clients have been operating […]
Your mortgage rate depends on your own financial portfolio and the home you plan to buy. But that’s not all. Mortgage rates also reflect movements in the U.S. housing market and the global economy — which is why they’re in constant flux. Economy – The global financial picture drives all interest rates, including mortgage rates Lender pipeline – The amount […]
HUD Announces New FHA Condo Financing Rules! The U.S. Department of Housing and Urban Development is expected to release updated guidance tomorrow on FHA-insured condominium financing. The new rules should benefit your real estate clients and customers by allowing more buyers to obtain low down-payment mortgages on affordable housing options. Specifically, the new rules will: […]
14 Things to Avoid Before Buying a House Many first-time home buyers are surprised to discover just how many ways you can mess up a home purchase. You may have got your pre-approval, found a home you loved and made an offer. But if you want to avoid messing up the transaction, you will need […]
The Ultimate Truth About Housing Affordability There have been many headlines decrying an “affordability crisis” in the residential real estate market. While it is true that buying a home is less affordable than it had been over the last ten years, we need to understand why and what that means. On a monthly basis, the National […]
Lease Options, Land Contracts & “Timed-Purchase” with Early Occupancy… Options to purchase a home outside of getting financing today exist for about the same reasons. The home seeker does not have the resources to buy a home at this time. It could be a credit problem from bankruptcy or foreclosure, divorce, job loss, medical hardship, […]
So, you’ve been searching for that perfect house to call ‘home,’ and you’ve finally found it! The price is right, and in such a competitive market, you want to make sure you make a good offer so that you can guarantee that your dream of making this house yours comes true! Below are 4 steps provided by Freddie […]
JOINT CENTER FOR HOUSING STUDIES OF HARVARD UNIVERSITY – 2019 Harvard released its comprehensive study on housing trends and the current state of housing. The report begins with the Executive Summary: With new construction still slow to recover from historic lows, almost 80 percent of the nation’s 137 million homes are now at least 20 […]
5 Big Reasons to Sell Your Home This Year (Because It Could Get Tougher) Rachel Stults | Feb 20, 2019 | Realtor.com It’s no secret that life’s been pretty good to sellers for the past several years. Even if you had no need—or desire—to move, the housing landscape might have seriously tempted you to put […]