Housing Markets Facing Greater Risk of Decline Concentrated in California, New Jersey, Illinois, and Florida
December 06, 2024
New York City and Chicago Areas More Vulnerable to Drop-offs Along with Inland California; South Still Faces Relatively Small Exposure;IRVINE, Calif. — Dec. 5, 2024 — ATTOM, a leading curator of land, property data, and real estate analytics, today released its latest Special Housing Market Impact Risk Report spotlighting county-level housing markets around the United ...
2024 Housing Trends in Michigan: A Look Ahead to 2025
December 03, 2024
As 2024 comes to a close, Michigan’s housing market is at a crossroads, reflecting the larger economic and demographic shifts taking place nationwide. Rising home values, tight inventory, affordability challenges, regional variations, fluctuating mortgage rates, and evolving migration patterns have shaped the real estate landscape throughout the year. These trends offer a glimpse into what 2025 may bring ...
Reasons to Buy Now
November 15, 2024
Reasons to Buy Now Mortgage rates now are around 6%, fluctuating between 5.875% and 6.25%. This is about 1% lower than 12 months ago.Local Mortgage RatesAs of October 15, mortgage rates with no points were:15-Year Conventional Fixed 5.625%30-Year Conventional Fixed 6.00%FHA 30 Year Fixed 5.875%VA 30 Year Fixed 6.00%30-Year Jumbo 6.00%1. ...
Annual Home Maintenance
November 15, 2024
Its that time again… The leaves are falling, there is a chill in the air. Winter is approaching quickly. Before we break out the holiday décor there are a few home maintenance things that need to be done first.Annual Exterior Maintenance:Exterior maintenance is about keeping your home safe and keeping pests and water out of ...
Housing market predictions for 2025
November 15, 2024
The housing market in 2025 could have a more favorable outlook than much of 2024 had, due to improving mortgage rates and inventory levels. There’s still uncertainty in the air, though: Rising prices and slowing construction could cause some trouble for buyers in 2025, and the impact of the presidential election remains a wild card.Home prices, mortgage ...
Home Price Predictions 2025
November 12, 2024
Home Price PredictionsExperts generally expect home prices to continue increasing, but the pace of those increases should slow in 2025.Fannie Mae expects home prices rising 6.1% year over year by the end of 2024. In 2025, home price growth could slow to 3% year over year. The Mortgage Bankers Association believes prices could rise 3.9% ...
Fed Cuts Interest Rate by 25 Basis Points
November 08, 2024
Fed Cuts Interest Rate by 25 Basis PointsOn the heels of Tuesday’s Presidential Election and the naming of Donald Trump as the 47th U.S. President, at the conclusion of today’s Federal Open Market Committee (FOMC) by the Federal Reserve, the Committee decided to lower the target range for the federal funds rate by 1/4 percentage point ...
How To Prepare Your Home For The New Year
November 07, 2024
How To Prepare Your Home For The New YearThere are many different rituals you can do at the end of the year to welcome the New Year with open arms and full of abundance in all aspects of your life, but this time I’ll be focusing on our living space.That’s why I created this guide that ...
Heading into winter
November 01, 2024
The market has slowed dramatically! Sellers need to have their home in top form to keep buyers interested.As you prepare for winter, make sure your home is well lit for showings that might occur in the evening. Make sure all lamps have working bulbs and are easily accessible to agents who might be unfamiliar with the ...
Planning Next Year's Sale
November 01, 2024
As the year winds down, many homeowners start contemplating their next big move: selling their property. Whether you’re looking to upgrade, downsize, or relocate, preparing your home for sale is a crucial step that can significantly impact your success in the real estate market. By taking the time to enhance your home’s appeal and value, you can ...
HUD Home Store auto notifications
October 25, 2024
If for some reason, a property is no showing it is no longer available, there is a way to be notified if and when it comes back to market. This property may have an accepted contract, or it may have been removed a title related matter or another reason. You can be notified via email direct from HUD when ...
Home Renovation on a Budget!
October 24, 2024
Are you tired of looking at the drabby paint on your walls, the outdated cabinets, worn furniture, and stained carpets? Your home is overdue to be remodeled, which is on your wish list. However, you are afraid of what the cost might be. Unless you want a major overhaul, you can still spruce up your home and improve its ...
Consumer Confidence in the Housing Market
October 23, 2024
5 Key Takeaways on the Rising Consumer Confidence in the Housing Market1. Consumer Confidence is Climbing: The Fannie Mae Home Purchase Sentiment Index hit 73.9 in September, its highest level in over two years, indicating a shift in the housing market outlook.2. Optimism on Mortgage Rates: A record 42% of respondents now expect mortgage rates to drop ...
Market update!
October 23, 2024
As of today, home prices in Michigan are up 5.8% compared to last year, selling for a median price of $266,100. On average, the number of homes sold is down 8.1% year over year and there were 9,972 homes sold in September this year, down 10,850 homes sold in September last year. The ...
Start Preparing Now to Sell Your Home in 2025
October 22, 2024
If you're planning to sell your house in 2025, now is the time to start preparing. Danielle Hale, Chief Economist at Realtor.com, emphasizes that early preparation is crucial. Survey data shows that 47% of sellers take over a month to get their homes ready, so starting now can provide you with flexibility.Preparing your home involves making ...
INTEREST RATES
October 17, 2024
Insights From Economists: Detailed Predictions for Interest Rates in October 2024Bright MLS chief economist Lisa Sturtevant. “Mortgage rates will fall further during the second half of the year, but it will not be a steady decline through year’s end. There will be some ups and downs.”William Raveis Mortgage regional vice president Melissa Cohn. “The ...
Neighbors in Holt feel frustration over the condition of roads Sarah Poulos Posted 6:31 AM, Oct 15, 2024
October 16, 2024
Sarah Poulos Posted 6:31 AM, Oct 15, 2024 Neighbors in Delhi Township tell me they’ve watched this road here deteriorate year after year.Richard Coe says they’ve loved living in Holt, but over time, the streets leading to his home have become increasingly rundown.“My wife Cindy and I moved in here 24 years ago. It’...
Radon
October 15, 2024
RADON It’s a Gas!By Tom Nelson, HUD LLB-Real Estate One-Rochester, MIBuying a HUD Property Series October 2024It is hard to believe that colder temperatures are here. Colder weather means that we are not keeping our windows open. We are not moving air in and out; refreshing our air supply. This means that we are breathing ...
Radon
October 15, 2024
RADON It’s a Gas!By Tom Nelson, HUD LLB-Real Estate One-Rochester, MIBuying a HUD Property Series October 2024It is hard to believe that colder temperatures are here. Colder weather means that we are not keeping our windows open. We are not moving air in and out; refreshing our air supply. This means that we are breathing ...
Insurance Basics For First Time Buyers
October 15, 2024
Congratulations on becoming a first-time homebuyer! Buying a home is a significant milestone, and having the right insurance in place is essential to protect your investment. Homeowners Insurance protects your home’s structure, personal belongings, and provides liability coverage. It’s a good idea to start the process of obtaining insurance quotes as soon as possible....
Homeowner Fall-time Tips:
October 15, 2024
Homeowner Fall-time Tips:1) Winterize Lawn Sprinkler systems.2) Clean Gutters and make sure they drain properly away from the house.3) Check/Replace Batteries in smoke alarms and Carbon Dioxide detectors.4) Replace your furnace filter.5) Have Chimney Cleaned out. ...
Sell Your Home This Fall
October 15, 2024
Don’t Wait Until Spring To Sell! Homeowners don't necessarily need to list their homes in the spring or summer to make a timely sale. By following these tips, it's entirely possible to sell in the autumn months too.Keep Up with Fall Cleanup:One of the biggest challenges sellers face in the fall, especially in heavily ...
Loan Options for Investors Purchasing Foreclosed Homes
October 14, 2024
Foreclosed homes can offer significant investment opportunities, but securing the necessary financing is crucial. Understanding the available loan options can help investors make informed decisions and maximize their returns.Traditional MortgagesConventional Mortgages: These are standard home loans offered by banks and mortgage lenders. They typically require a down payment (usually 20%) and credit score above 620.FHA Loans: Backed ...
Should You Ever Pay Off a Low-Interest Mortgage Early? The Pros and Cons
October 14, 2024
By Julie TaylorOct 14, 2024Practically every homeowner fantasizes about the day their house is finally paid off, and they can kiss those mortgage payments goodbye.However, a whopping 56.2% of Americans have an outstanding mortgage with a rate of 4% or lower.When your mortgage rate is so low, does it make more sense to pay off your ...
Fall Checklist: Start Preparing Your Home Now
October 11, 2024
Fall Checklist: Start Preparing Your Home NowAutumn is here. There is no escaping it, and you know it. If you're like me, then you knew this and had a plan in place for the summer-to-fall transition. If this is new to you, then you'd better read the rest of this article! This fall checklist will help you ...
