Have you ever wondered how inflation impacts the housing market?
People Want Less Expensive Homes – And Builders Are Responding
In today’s housing market, there are two main affordability challenges impacting buyers: mortgage rates that are higher than they’ve been the past couple of years, and rising home prices caused by low inventory.
How Inflation Affects Mortgage Rates
When you read about the housing market in the news, you might see something about a recent decision made by the Federal Reserve (the Fed).
Foreclosure Numbers Today Aren’t Like 2008
If you’ve been keeping up with the news lately, you’ve probably come across headlines talking about the increase in foreclosures in today’s housing market.
Reasons Your Home May Not Be Selling
When it comes to selling your house, you want three things: to sell it for the most money you can, to do it in a certain amount of time, and to do all of that with the fewest hassles.
Why Homeownership Wins in the Long Run
Today’s higher mortgage rates, inflationary pressures, and concerns about a potential recession have some people questioning: should I still buy a home this year?
Lapeer Real Estate | The New Spring Real Estate Market Is Here, Are You Ready?
The new spring market for Lapeer MI real estate is underway. If you’re considering buying or selling, let’s connect, so you have the advantage in this competitive market. Which month do you think most people who are considering buying a home actually start their search? If you’re like most of us, you probably think the […]
Lapeer Real Estate | 3 Mistakes To Avoid When Selling A Home In 2020
Donald Horne, Broker / Owner, Team Success Listing LLCProfessional Real Estate Services Today’s seller’s market might be your best chance to make a move. If you’re considering selling your house … It’s exciting to put a house on the market and to think about making new memories in new spaces, but we can have deep […]
Lapeer Real Estate | Forget The Price Of The Home, The Cost Is What Matters.
Home buying activity (demand) is up, and the number of available listings (supply) is down. When demand outpaces supply, prices appreciate. That’s why firms are beginning to increase their projections for home price appreciation going forward. As an example, CoreLogic increased their 12-month projection for home values from 4.5% to 5.6% over the last few months. The […]
Market Report For Lapeer MI, Including The Township, Year to Date 06/2015
Market report for Lapeer MI, including Lapeer Township, year to date 06/2015 … Latest sales figures from Realcomp, show total sold properties down 8% from last year at this time, days on market until sold was at 57 days, down 35%. Average sold prices are up 28%, from $108,185 to $150,400. Total months of inventory […]