Lapeer MI Real Estate, Housing Inventory, Donald Horne, Broker / OwnerTeam Success Listing LLC, “Professional Real Estate Services” The housing market will remain strong throughout 2020. Understand what that means to you, whether you’re buying, selling, or doing both … The real estate market in Lapeer is expected to do very well this year as […]
Every winter, families across the country decide if this will be the year that they sell their current houses and move into their dream homes. Mortgage rates hovered around 4% for all of 2017 which forced many buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW! At the same time, however, […]
“positive reports show there is a need for new single-family homes…” New-home sales jumped to the highest level in nearly a decade, with sales of new single-family homes climbing 12.4 percent month-over-month and reaching a seasonally adjusted annual rate of 654,000, the Commerce Department reported Tuesday. That marks the highest level since October 2007. Low […]
“nearly one in five U.S. housing markets was not affordable by historic standards” … Eighteen percent of U.S. housing markets were less affordable than normal in the second quarter of 2016. That’s down slightly from affordability levels a year ago, when 20 percent of markets exceeded their normal affordability levels according to RealtyTrac. Their housing […]
The median price of existing homes is rising, but the increases don’t seem to be motivating many sellers or new-home builders, contributing to the growing lack of inventory in many markets. While NAR’s recent existing-home sales report showed January’s total housing inventory was up 3 percent from December, it was still lower than a year […]
Existing-home sales kicked off 2016 on solid footing, according to the National Association of REALTORS®’ latest housing report, released Tuesday. Existing-home sales in January moved to their highest annual rate in six months, while constrained inventory levels also pushed home prices to their fastest increase since last April, according to the report. All regions in […]
The infamous groundhog – Pennsylvania’s Punxsutawney Phil – may not only have the power to predict how many more weeks are left to winter but also the ability to predict the start to housing’s busiest time of year. Phil didn’t see his shadow on Groundhog Day, which, if superstition holds true, means that winter will […]
Home prices may have been on the rise the last few years, but homes are still more affordable now than they were in the pre-bubble years, according to the latest Mortgage Monitor Report released by Black Knight Financial Services. Households are using 21 percent of the national median income to pay a mortgage on a […]
Now that the U.S. has regained its job-creation mojo, as the October employment report showed, the demand for housing is only going to grow. After all, when people have jobs they can break off and form new households—ditching the roommates behind or finally moving out of Mom and Dad’s basement—and that’s what fundamentally drives home […]
Diversity is one of the United States’ greatest assets—and that’s true even in home design! Especially in home design, in fact. From coast to coast, the way we like to live varies enormously. Sitting in a covered patio sipping cocktails after a refreshing dip in the pool, Texans may wonder what kind of house their Delaware […]