Current MI Mortgage Rates
May 23, 2024
Current Mortgage RatesThe average APR for the benchmark 30-year fixed-rate mortgage rose to 7.46% today from 7.44% yesterday. Last week, the 30-year fixed APR was 7.37%. Meanwhile, the average APR on a 15-year fixed mortgage sits at 6.76%. At this same time last week, the 15-year fixed-rate mortgage APR was at 6.57%. And the ...
VACANT PROPERTY TIPS FOR SUMMER!
May 22, 2024
Summer is upon us in Michigan! Here are some tips for maintaining vacant properties during the summer months...-Keep the lawn manicured for curb appeal and to avoid fines from the city or township-BUZZZZ Watch for bees nests near entry points to keep buyers and agents safe- Run a dehumidifier in homes without Air Conditioning to avoid mold and ...
Common Buyer Mistakes
May 18, 2024
#1. Wating too long to engage with a buyer's agent- Most seasoned homeowners understand that it benefits them to work with a buyer’s agent during their search, but many prospective purchasers don’t engage with one soon enough in the process. The purchase process starts before getting out and looking at a property. Offers need to ...
Will Mortgage Rates go down in 2024
May 16, 2024
Mortgage rates are expected to decline later this year as the U.S. economy weakens, inflation cools and the Federal Reserve cuts interest rates. But until the Fed sees evidence of slowing economic growth, interest rates will stay higher for longer.The 30-year fixed mortgage rate is expected to fall to the mid-6% range through the end of 2024, ...
U.S. Foreclosure Activity Continues to See an Annual Increase
May 16, 2024
ATTOM, a leading curator of land, property, and real estate data, today released its February 2024 U.S. Foreclosure Market Report, which shows there were a total of 32,938 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions – down 1 percent from last month but up 8 percent from a year ago....
What is a Furnace Tune-Up?
May 15, 2024
What is a Furnace Tune-Up?Some HVAC pros prefer to call it routine maintenance. Whatever you call a tune-up, it keeps your furnace in top shape and saves you money.Similar to your car or other gasoline-powered equipment, a periodic tune-up is needed. Carburetors can fall out of adjustment and burn too much fuel, stall because they aren’...
Home Price Appreciation Continues In 2024
May 15, 2024
The Federal Housing Finance Agency published the 2023 Q4 Housing Price Index report and national data shows home prices rose 6.5% between the fourth quarter of 2022 and the fourth quarter of 2023. House prices were up 1.5% compared to the third quarter of 2023.Nationally, the U.S. housing market has experienced positive annual appreciation each ...
Navigating the Maze of Homeowners Insurance
May 15, 2024
Home Owner's Insurance is a big part of purchasing a home. Finding the right coverage can seem daunting, but this seemingly complex task can be tackled with a little know-how. Here's your roadmap to becoming a homeowner's insurance hero:Know Your Coverage:Dwelling Coverage: This is the big one, covering the cost to rebuild your home if ...
Successfully Selling HUD Homes Seminar 5/15/24
May 14, 2024
We are holding a Successfully Selling HUD Homes Seminar tomorrow, 5/15/24 at NOCBOR, (4400 W. Walton Blvd. Waterford, MI) We have a few seats left if you know an agent who might benefit from this please have them attend - RSVP https://www.eventbrite.com/e/2024-successfully-selling-hud-homes-seminar-tickets-885644856607?aff=oddtdtcreatorEvduza Ramaj, Inside Realty...
Tips for Younger Home Buyers: Making Your First Home Purchase a Reality
May 13, 2024
For many younger individuals, the dream of owning a home can feel out of reach. However, with the right approach and some strategic planning, buying a home can be within your grasp. Here are some tips to help you navigate the home buying process:1. Explore Down Payment OptionsOne of the biggest barriers to buying a home is the down ...
Spring Has Sprung! 5 Easy Tips to Spruce Up Your Home and Keep Pests Away!
May 12, 2024
https://bugyman.com/spring-has-sprung-5-easy-tips-to-spruce-up-your-home-and-keep-pests-away/Spring Has Sprung! 5 Easy Tips to Spruce Up Your Home and Keep Pests Away!Deep Clean Your Kitchen: Start by thoroughly cleaning your kitchen, including behind and under appliances, inside cabinets, and pantry shelves. Crumbs and food residue attract pests like ants, cockroaches, and rodents. Use a mixture of water and vinegar to wipe down surfaces, as ...
Traffic shift south of Lansing begins Tuesday on US 127 between I-96 and I-496
May 11, 2024
Traffic shift south of Lansing begins Tuesday on US 127 between I-96 and I-496Ken PalmerLansing State JournalMarch 19th, 2024LANSING — Tuesday is the day all traffic will shift to the southbound side of U.S. 127 as part of the ongoing rebuild of the freeway between Interstates 96 and 496, the Michigan Department of Transportation said.That process was ...
How much do homes in McHenry County, IL cost?
May 10, 2024
Median Sold Price Compared To Nearby CountiesCOUNTYAPR 2023APR 2024CHANGEBoone County$213K$240K+12.7%Kane County$309.5K$341K+10.2%Lake County$328.6K$356K+8.3%McHenry County$299.8K$323.3K+7.8%Kenosha County$260K$275K+5.7%...
US home prices rise in 93% of all housing markets in Q1, NAR says
May 09, 2024
US home prices rise in 93% of all housing markets in Q1, NAR saysLow inventory drove prices higher nationwide despite some of the highest mortgage rates in decades, National Association of Realtors Chief Economist Lawrence Yun said on WednesdayAhmet Sali / UnsplashBY LILLIAN DICKERSONMay 08, 2024SHAREAt Inman Connect Las Vegas, July 30-Aug. 1 2024, the noise and misinformation will ...
American Families Are Typically Spending 24.2% of Their Income on Mortgage Payments
May 09, 2024
By Keith GriffithMay 8, 2024The average family spent nearly a quarter of their income on mortgage payments during the first three months of this year, according to a new report.The monthly mortgage payment on a typical existing single-family home with a 20% down payment was $2,037 in the first quarter, the National Association of Realtors® said in ...
Checklist: Your Final Walk-Through
May 06, 2024
A final walk-through is the time to make sure that your new home is in the condition you expected it would be.Closing time is hectic. Still, it’s important to make time for a final walk-through. It’s your chance to ensure your home is in the condition you expected it would be. Here’s what to check ...
Don’t Have Much Saved for a Down Payment? These Options May Help You Buy a Home No Matter What Your Savings Account Looks Like
May 05, 2024
In a perfect world, as a homebuyer, you would have 20 percent of the purchase price of your home set aside for a down payment. But we don’t live in a perfect world, and while it’s certainly nice to have a sizable down payment at the start of your home search, it’s by no means a ...
Federal Reserve rate decision 5/1/2024
May 01, 2024
The Federal Reserve will be making its third rate decison of 2024, but the probability of a rate cut is unlikely.About 97 percent of economists are predicting that the Fed will maintain current rates. Most expeerts are predicting that rates will not be cut until the November 2024 meeting, and then the cut is expected to be a ...
How to Maximize Your Home's Value: Expert Tips for Sellers
May 01, 2024
When it comes to selling your home, maximizing its value is a top priority. After all, a higher value means a potentially higher sale price. But how exactly can you achieve this? In this blog post, we will share expert tips on how to maximize your home's value, ensuring that you get the best return on your investment....
Beauty Sells!
April 29, 2024
Beauty SellsBy Tom Nelson, HUD LLB-Real Estate One-Rochester, MIBuying a HUD Property Series April 2024Selling a house is a completed process. One of the things to remember is that there is only one first look. This means that if your home isn’t eye catching it may be passed over.OUTSIDE: Things to check are that there ...
Cancelling a HUD Contract
April 29, 2024
If it is ever necessary to cancel a HUD transaction (contract) it is important to know how to do it and what is the likelihood of having the earns money returned. The answer depends on whether you are an owner occupant or an investor. Owner occupants will receive their earnest money returned where they must cancel a contract due ...
Maximizing Small Living Spaces
April 23, 2024
MAXIMIZING SMALL LIVING SPACESClutter driving you nuts? Did you move in with someone only to find you have duplicates of everything from headboards to can openers? Here are 7 tips to help you make the most out of small spaces:1. Weed out the extras. A yard sale will alleviate some clutter and a trip to the local Goodwill even ...
Fertilizer to use near lakes and ponds
April 23, 2024
Whether you are using fertilizer for your lawn, your garden, or any other items it is important to know the difference in fertilizer. You will see three numbers on the bags. The first number tells you how much nitrogen is in the mix. The second number tells you how much phosphorus is in the mix. ...
6 Ways to Prepare for a Spring Sale
April 16, 2024
6 Ways to Prepare Your Home for a Spring Sale!Declutter your home. Get rid of what you don’t need for the next few months, and box them or donate them. Your home will look larger, there will be less to clean, and there will be less to deal with when you finally do move.Paint ...
Nelson Brothers Agency Insurance Tips on Hail
April 16, 2024
So, you got hail. What now? You have the right to determine who works on your property’s repairs, but it’s important to choose a reputable and experienced contractor for the job; be cautious of those that appear at your doorstep following a storm. It is advised that you first conduct some research, read reviews, and get recommendations ...
