If you’re thinking about selling your house, you’re likely hearing about the cooling housing market and wondering what that means for you. While it’s not the peak intensity we saw during the pandemic, we’re still in a sellers’ market. That means you haven’t missed your window. Realtor.com explains: “. . . while prospective home sellers […]
Home Equity: A Source of Strength for Homeowners Today
Experts agree there’s no chance of a large-scale foreclosure crisis like we saw back in 2008, and that’s good news for the housing market. As Mark Fleming, Chief Economist at First American, says: “. . . don’t expect a housing bust like the mid-2000s, as lending standards in this housing cycle have been much tighter […]
The True Strength of Homeowners Today
The real estate market is on just about everyone’s mind these days. That’s because the unsustainable market of the past two years is behind us, and the difference is being felt. The question now is, just how financially strong are homeowners throughout the country? Mortgage debt grew beyond 10 trillion dollars over the past year, […]
Why Today’s Housing Inventory Proves the Market Isn’t Headed for a Crash
Whether or not you owned a home in 2008, you likely remember the housing crash that took place back then. And news about an economic slowdown happening today may bring all those concerns back to the surface. While those feelings are understandable, data can help reassure you the situation today is nothing like it was […]
The U.S. Homeownership Rate Is Growing
The desire to own a home is still strong today. In fact, according to the Census, the U.S. homeownership rate is on the rise. To illustrate the increase, the graph below shows the homeownership rate over the last year: That data shows more than half of the U.S. population live in a home they own, […]
The Housing Market in Davison, is Still Seeing Ongoing Price Appreciation
Over the last two years, the rate of home prices appreciated at a dramatic pace. While that led to incredible equity gains for homeowners, it’s also caused some buyers to wonder if home prices will fall. It’s important to know the housing market isn’t a bubble about to burst, and home price growth is supported […]
Must Do May Checklist For Homeowners In Dryden MI
Must Do May Checklist For Homeowners In Dryden MI May marks a golden opportunity for homeowners to assess their home and ensure everything is in tip-top shape before the summer months begin. HouseLogic recently provided a checklist that homeowners can use to save both time and money. For smart homeowners, these four tasks are essential […]
Renovations Homeowners Are Eyeing In Attica MI This Year
Renovations Homeowners Are Eyeing In Attica MI This Year Fifty-eight percent of homeowners plan to spend money on home improvement projects this year, according to a recent survey by LightStream Home Improvement. Outdoor improvements, including decks, patios, and landscaping, remained highest on owners’ to-do lists for the fifth consecutive year. Interior renovations also are popular: […]
Davison MI / Homeowners: Your House Must Be Sold Twice
At a local level in Davison MI, buyer confidence remains strong with some changes that varies on the price level and what type of houses they are looking for, particularly in and around 48423 zip code. As you are aware, for most families, choosing a new home is the biggest financial decision they will ever make […]
Here Come 59 Million Buyers!
Here Come 59 Million Buyers! One in four U.S. adults say they are considering buying a home this year, which extrapolates to a whopping 59 million people, according to a recent survey by Bankrate.com. Minorities are expected to be big buyers this year. More than two in five black survey respondents said they were considering […]