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When mortgage rates dip, the housing market can see a bit of relief, as lower rates make moving up or downsizing more feasible for homeowners.
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In today's real estate market, home buyers in Michigan face several challenges. Here are the top five:1. Inventory ShortageLow Supply of Homes: There is a significant shortage of available homes, making it difficult for buyers to find properties that meet their…
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In Michigan's bustling real estate landscape, a significant challenge has emerged in recent times: a shortage of housing inventory. This scarcity isn't just a minor hiccup but a significant factor shaping the dynamics of buying and selling homes across the state. Let's…
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Memorial Day Weekend carries a lot more meaning than being the point on our calendar demarking the beginning of summertime activities. As the holiday whose meaning lies in the root word memory, it is unique.
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If you're among the many who have puzzled over when it’s the ‘right time’ to buy a home in Southeast Michigan, you’ve probably found the answer to be elusive and volatile. Monday’s convincing solution can be suspect by Wednesday—and even flimsier by Friday.
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Around this time every year, crazy weather conditions wreak havoc on various parts of the North American continent. Southeast Michigan neighborhoods don’t have to be threatened directly to have local homeowner nerves on edge, either.
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When it comes to American home prices, Shiller is The Man. The Case-Shiller U.S. National Home Price Index has become the benchmark reference tracking residential real estate prices.
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Throughout the sustained run-up in home prices, there’s been sporadic speculation that a reversal must be imminent—possibly driven by a natural urge to assume that too much good news is bound to invite a corresponding nosedive. Throughout the run-up, the commonly…
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A debt can be judged ‘good’ or ‘bad.’ The key question is, “does it help generate income or build net worth?”
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A University of Michigan study may have determined that consumers placed the value of a “landscaped home” as 11.3% higher than the same home “without good landscaping.” That’s an impressive calculation, but as Corcoran points out, it requires more detail to be…
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Like all investors, housing market investors don’t like uncertainty. Sometimes it reflects internal management strife—although that wasn’t the case in this instance.
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Most soon-to-be homebuyers were probably skeptical that such a six-figure bonanza exists (it doesn’t). One factor that could help savings: “your credit score.”
