FED KEEPS RATE THE SAME - BACK TO BACK
February 15, 2024
The Federal Reserve on Wednesday January 31st, did what everyone expected, holding interest rates steady for now. But it also avoided saying anything about what it plans to do with rates in the future, dashing hopes for now that rate cuts are in the offing soon. Those looking for tea leaves will, however, seize on the exact phrasing of ...
Successfully Selling HUD Homes Seminar
February 15, 2024
It is vital that agents have the proper training when selling HUD Homes. From understanding the listing, placing the bid and getting the deal to closing. Our group of local listing brokers are holding a informational seminar on Successfully Selling HUD Homes for local agents on March 7, 2024 from 9:30 -12:30 at NOCBOR - 4400 W ...
The Dramatic Impact of Homeownership on Net Worth
February 15, 2024
If you’re trying to decide whether to rent or buy a home this year, here’s a powerful insight that could give you the clarity and confidence you need to make your decision. Every three years, the Federal Reserve releases the Survey of Consumer Finances (SCF), which compares net worth for homeowners or renters. The latest report ...
Great time to Buy a home!
February 15, 2024
Great time to Buy a home!-Mortgage Rates are finally starting to come down.-First time home buyer loan incentives available.-Market conditions starting to cool giving buyers more negotating options.Don't wait! Contact a Realtor now that can get you started down the path to Homeownership! ...
How To Sell Your Home In The Winter
February 14, 2024
How To Sell Your Home In The WinterWhen you decide to list before the snow melts here are our top tips for marketing your home to winter buyers. ...
Jan 30, 2024 Single women are winning real estate in Michigan
February 10, 2024
AXIOSJan 30,2024Brianna Crane,Annalise Frank Single women in Michigan own more homes than single men.Why it matters: Sixty years ago, women couldn't even get a credit card or a mortgage without a male cosigner. Now, the share of the single woman in the U.S. ellipse that of the single men. Driving the news: Nationwide, ...
Home buying in the Spring 2024
February 09, 2024
Springtime is often considered the busiest season for the real estate market, and spring 2024 is no exception. As the weather warms up and flowers start to bloom, many potential buyers are eager to find their dream home. However, with a surge in buyer competition, it's essential to know how to get ahead in the game. In this ...
2024: Is it a Buyer’s or Seller’s Market?
February 07, 2024
2024 will be a terrific market for sellers. (And buyers, too!)Home prices in Illinois are rising and will continue to rise till the supply-demand dynamic changes. The number of houses for sale in IL was 37,000 in September 2023. This is close to the 45K homes in the summer of 2023, a period that is regarded as ...
HOUSING MARKET PREDICTIONS FOR 2024
February 07, 2024
Housing market predictions for 2024Published February 05, 2024Written by Ruben CaginalpEdited by Michele PetryThe Bankrate promiseMore infoAt Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation for how we make money .Key takeawaysLow levels of inventory mean ...
Solved! Should I Paint My House Before Selling It?
February 07, 2024
https://www.bobvila.com/articles/should-i-paint-my-house-before-selling/Solved! Should I Paint My House Before Selling It?Are you wondering, “Should I paint my house before selling?” The answer depends on the shape that your interior and exterior walls are in. Consider these tips to determine what to do before selling your house.Several factors can determine how much your home is worth, ...
The Importance of Being Preapproved in 2024
February 07, 2024
In the dynamic landscape of the 2024 real estate market, securing a preapproval is not just important; it's essential. With shifting economic conditions, fluctuating interest rates, and evolving lending standards, homebuyers need to arm themselves with the strongest possible position before entering the competitive arena of real estate transactions.A preapproval serves as a crucial step in the ...
Mortgage Rate Forecast for 2024
February 05, 2024
Will Mortgage Rates Go Down in 2024?Mortgage interest rates have been rising like crazy over the last few years, thanks to the Federal Reserve (also known as the Fed) repeatedly raising the federal funds rate. But will that trend finally start heading in the other direction in 2024? Yep! In fact, it already has.Average interest rates across ...
Does your 'date-the-rate' advice constitute deceptive advertising?
February 03, 2024
Does your 'date-the-rate' advice constitute deceptive advertising?Recently, mortgage loan originators have been using the following phrases, along with others, to draw in reluctant buyers. It may be difficult to tell which of these are simply good advertising and which could be a potential pitfall in your marketing. Let’s take a look at several phrases ...
First look at the 2024 market
February 01, 2024
Dr Lawrencee Yun, the cheif economist for the National Assn of Realtors, expects a few changes in the market for this year.First he expects there will be more sellers coming on to the market. He said that sellers have been able to hold on for a few years and not go on the market, but life ...
Home Staging Tips to Maximize Selling Potential
January 29, 2024
Title: Elevate Your Space: Home Staging Tips to Maximize Selling PotentialWhen it comes to selling your home, first impressions matter. Potential buyers form opinions within seconds of stepping through the door, making it crucial to present your home in the best possible light. Home staging is a powerful tool that can help you highlight your property's strengths and ...
Economical Upgrades to Increase Your Home’s Value
January 29, 2024
Whether you are looking to move now or may consider it in the future, there are many affordable options for making significant changes to your home without having to do a major renovation. With low-cost purchases of supplies, DIY instructions or professional guidance, and time set aside, you can make improvements that will increase your home’s resale value, ...
Gov. Gretchen Whitmer to announce plan for 10,000 new homes in Michigan
January 26, 2024
Simon Schuster, mlive.comJanuary 23rd 2024 Gov. Gretchen Whitmer plans to announce the state will set aside nearly $1.4 billion in funding to build or rehabilitate housing throughout the state.The announcement will be part of the governor’s State of the State address Wednesday, according to Whitmer’s office. They said the funding would be enough to ...
Bad Habits Home Buyers Should Break in 2024
January 25, 2024
Many people look at the new year as an opportunity to make resolutions to let go of old habits and adopt better, healthier ones. And if you’re planning on buying a home in 2024, you can also apply that same mindset to the home-buying process.So, what bad habits can you leave behind for a better home search ...
Don't Let Your Pipes Freeze!
January 16, 2024
Don’t Let Your Pipes FreezeBy Tom Nelson, HUD LLB-Real Estate One-Rochester, MIBuying a HUD Property Series January 2024Winter is just around the corner and in much of the country this means temperatures below freezing. With those cold temperatures comes snow, sleet, freezing rain and ice. The cold weather can be a risk to plumbing.Water is ...
Is the Illinois Housing Market Slowing Down?
January 15, 2024
November year-over-year home sales in Illinois witnessed a decline, primarily attributed to the scarcity of available housing inventory, according to data from Illinois REALTORS®.In November 2023, statewide home sales, encompassing both single-family homes and condominiums, totaled 9,508 homes, marking a 10.1 percent decrease compared to the 10,581 sold in November 2022. Additionally, the monthly median ...
14 ways to prepare your home for Winter
January 15, 2024
1. Get your furnace serviced.2. Reverse your ceiling fans.3. Prevent ice dams.4. Have a roof inspection.5. Caulk your windows and doors.6. Clean the gutters.7. Divert water from downspouts.8. Turn off exterior faucets.9. Winterize your sprinkler system.10. Mulch leaves when you mow lawn.11. Prepare to stow your mower.12. Don'...
Freezing Temps and Pipes
January 15, 2024
As a good portion of MI and surrounding states experience frigged temperatures well below freezing you may be worried about frozen pipes. Frozen pipes are a homeowner’s worst nightmare in the winter. Not only do they prevent your water from flowing, they also pose a huge risk for bursting if quick action isn’t taken. Knowing what ...
Finding the right Realtor
January 15, 2024
Buying or selling a home is a monumental life event, and finding the right Realtor to guide you through the process can make all the difference. With so many agents out there, selecting the best one can feel daunting. But fear not! This guide will equip you with the knowledge and strategies to discover your real estate perfect match....
The Latest 2024 Housing Market Forecast
January 15, 2024
The new year is here, and you might be wondering if 2024 will be the right time to buy or sell a home. If you want to make the most informed decision possible, it’s important to know what the experts have to say about what’s ahead for the housing market. Spoiler alert: the projections may be better ...
Michigan Real Estate Market Prediction 2024
January 14, 2024
Michigan Real Estate Market Prediction 2024 Home Sellers Will Return to the Market in 2024: Sellers who chose the sidelines in 2023 will come back. Especially those who can’t avoid new jobs or want to move to a cheap place. Whitney, the analyst who predicted the 2008 financial crisis accurately, has forecasted that baby boomers looking to downsize ...
