If you tried to buy a home during the pandemic, you know the limited supply of homes for sale was a considerable challenge. It created intense bidding wars which drove home prices up as buyers competed with one another to be the winning offer. But what was once your greatest challenge may now be your […]
Homebuyers In Lapeer Have An Opportunity
Homebuyers In Lapeer Have An Opportunity Mortgage rates are much higher today than they were at the beginning of the year, and that’s had a clear impact on the Lapeer housing market. As a result, the market is seeing a shift back toward the range of pre-pandemic levels for buyer demand and home sales. But […]
A Window of Opportunity for Homebuyers
Mortgage rates are much higher today than they were at the beginning of the year, and that’s had a clear impact on the housing market. As a result, the market is seeing a shift back toward the range of pre-pandemic levels for buyer demand and home sales. But the transition back toward pre-pandemic levels isn’t […]
Why Pre-Approval Is a Game Changer for Homebuyers
If you’re planning to buy a home this year, you might have heard that pre-approval is a necessary step to take before starting out on your journey. But why is that? And is it still important in today’s shifting market? The truth is, getting a pre-approval letter from your lender is critical, and when it […]
The Drop In Mortgage Rates Brings Good News For Lapeer MI Homebuyers
Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the country should see this decline as welcome news. Freddie Mac reports that the average 30-year […]
Oxford MI Real Estate | Is Buyer Demand Softening?
Are Homebuyers Starting to Hit The “Pause” Button in Oxford MI? In the last 31 days, 37 homes have sold at an average price increase of 6.8% and sold within 17 days on market. In the same time period, 58 homes were listed at an average price of $292k. For the last several years in […]