Its no secret that ultra-low mortgage rates fueled the home buying frenzy. For nearly 5 years we witnessed a stedy increase in home prices, well above the normalized rate of ~4%. But what was really behind the steep climb…? Factors Affecting Rapid Home Price Increases 2018-2022: Historically Low Fixed Interest Rates – hovering under 4% […]
Tax Deductions for Homeowners: 8 Breaks You Get for Owning Your Own Home By Yaёl Bizouati-Kennedy, Realtor.com January 2025 Tax season: Everyone’s favorite time of year has just begun. This year, the Internal Revenue Service opened the tax filing season on Jan. 27. The deadline for filing (without an extension) is April 15. For homeowners, there is an […]
If you’re ready to sell your home, you should feel empowered to find and work with the agent who is the best fit for your needs. Here are ten questions you should consider when selecting an agent: 1. Are you a Licensed Real Estate Agent? State law requires that anyone representing a home buyer or […]
Most of the country’s real estate market is strong as the demand outpaces supply. The resale market has been affected because selling a home to move sideways or downsize may cost more than staying put due to high interest rates. This dynamic may change with a shift in fiscal policy so if you are thinking of […]
Low mortgage rates fueled housing price increases, and now home affordability remains a challenge with with the higher priced homes at our increased interest rates. Demand still remains high, and defaults remain low. Here are some data points for your review from CoreLogic. Key notes to consider: Mortgage payments are on time with delinquencies & […]
Becoming a Home Owner may be easier than you think… Today, there are many options for renters to become home owners. Whether your first home or getting back into the markt to become a home owner there is likely a program for you. So, the most important step you can take is to contact a […]
Phoenix Valley is a hot commodity (no pun intended!) Buyers are relocating and retiring here from just about everywhere. Corporate HQ relocation, high job growth, dry climate and amazing resources make this America’s go to destination today and in the future. When People Have to Move… Our home inventory continues to be low making good […]
Unusual Housing Market Dynamics Contributing to Stall in Consumer Sentiment HPSI’s Low-Level Plateau Continues as Consumers Remain Frustrated by Lack of Affordability The Fannie Mae Home Purchase Sentiment Index® (HPSI) remained effectively unchanged in August, as consumer confidence toward housing continued along the low-level plateau set earlier this year. Three of the HPSI’s six components increased month over […]
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 […]
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