Foreclosures surge 181% to highest levels since March 2020
April 22, 2022
Some eight months after a nationwide moratorium on foreclosures expired, foreclosure filings soared to the highest level since the pandemic began.Last month, 33,333 properties across the U.S. faced foreclosure, a 181 percent jump from March 2021 and 29 percent pop from February, according to a report by foreclosure tracker Attom. The first quarter saw 78,271 ...
HUD ANNOUNCES FIRST-EVER HUD-HELD SINGLE FAMILY NOTE SALE (HVLS 2022-2) EXCLUSIVELY FOR MISSION-DRIVEN NON-PROFITS AND UNITS OF STATE AND LOCAL GOVERNMENT
April 18, 2022
HUD No. 22-065HUD Public Affairs(202) 708-0685FOR RELEASETuesdayApril 12, 2022June 8 competitive bid sale of approximately 1,450 vacant property notes furthers Biden-Harris Administration objectives to return more properties to future owner-occupancy.WASHINGTON - The U.S. Department of Housing and Urban Development’s Office of Asset Sales announced on Tuesday that it will conduct a competitive bid HUD-held vacant ...
Pricing Strategies
April 18, 2022
Despite the term “buyer’s market,” understand that it’s always a “seller’s market,” too. Homes are necessary, and homeownership is cherished. We do not live in caves or nomadic tents. Real estate is a commodity that will remain so.Further, your home is unique. There is no other exactly like it. Whatever individuality ...
2022 SPRING HOME BUYING
April 18, 2022
Spring 2022 Homebuying Season PreviewMain Takeaways for BuyersLow housing inventory and high demand will create a strong seller’s market, but not as intense as the peak of 2021. Home prices are expected to continue rising, but at a slower pace than last year.To avoid house buying FOMO (fear of missing out) and panic buying, know what ...
Red-Hot Housing Market
April 15, 2022
Red-Hot Housing MarketAs we all know these days it is hard for a buyer to find a home due to the lack of inventory as well as homes often going into multiple offers. Buyers are waiving inspections, offering significantly over asking and sometimes still not getting the offer accepted. It is a Red-Hot Housing market. However, ...
Investor Series – Evaluating a single family home for investment
April 15, 2022
This is one of many articles we will be writing regarding investing in Real Estate. Today we’ll be discussing how to approach a single family home for real estate investment and evaluate it for potential return.There are a variety of properties you can invest money into but one of the more popular options is single family ...
Landscaping for Beginners
April 15, 2022
Landscaping for Beginners; Giving your home some curb appeal.Start with young shrubs and plants. When you go shopping people tend to go to the more mature flowers and plants because, yes they look more beautiful. But really the only difference between the two is the price and size. So if you have time and patience start with ...
Spring Cleaning Tips (Including Some You Might've Never Though Of!)
April 15, 2022
Well, it's that time again...spring is in the air!....but so is that musty garage you've been packing stuff in for the last year. And depending on the climate, you probably have a garage floor full of leaves and road salt stains...and that's just the beginning. So here's a few areas ...
Spring Cleaning Tips (Including Some You Might've Never Though Of!)
April 15, 2022
Well, it's that time again...spring is in the air!....but so is that musty garage you've been packing stuff in for the last year. And depending on the climate, you probably have a garage floor full of leaves and road salt stains...and that's just the beginning. So here's a few areas ...
Offer Etiquette
April 15, 2022
During my weekly reading of real estate news, I came across an opinion column in my Inman News. I thought this information was very practical and may be helpful, especially to new agents in this current market. Offer etiquette - opinion by Christy MurdockPut together an offer that’s neat with supporting documentation and all needed elements. ...
VA loans for Vets: What you need to know
April 14, 2022
Veterans receive some valuable benefits as part of their service to their country. One key benefit is the ability to secure a VA loan, giving them a direct path to home ownership. This article will address some of the most common questions pertaining to VA loans and how they can help you purchase your dream home....
Watch Out For Those Critters
April 14, 2022
Owning and managing real estate can sometimes have challenges, especially when it comes to dealing with critters. Depending on the part of the U.S. you reside in, you may encounter scorpions, snakes, ants, termites, mice, rats, squirrels and raccoons, just to name a few. While some can be damaging to a property or structure, others can prove damaging ...
Fair Housing
April 14, 2022
Everyone needs and deserves a home of their own. It all starts with fair housing and equal access. Fair housing is not an option, it is the law. April is Fair Housing Month, but in reality, every month is fair housing month, because every day is fair housing day. America is the big melting pot, and ...
Owner Exclusive Listing Period Expanded
April 13, 2022
A primary goal of HUD in selling HUD homes is to provide housing ownership opportunities to those who plan on being owner occupants. An owner occupant is defined as someone who intends to occupy the property as their primary residence for at least 12 months and has not purchased a HUD home, as an owner occupant in the past ...
Chicago homes selling faster than ever!!
April 13, 2022
https://chicagoagentmagazine.com/2021/04/30/chicago-homes-selling-faster-than-ever-as-prices-continue-to-rise/Chicago homes selling faster than ever, as prices continue to rise! April 30, 2021As more sellers returned to the market in April, homes are selling faster than ever, even as prices hit an all-time high and are expected to grow even higher. More homes came on the market this month compared to last year when COVID ...
Spring preparations for sellers
April 13, 2022
Spring preparations for sellers.Now that the snow is gone, and the weather is improving, its time to look at your homes exterior and perk it up.Some projects that will pay big dividends are trimming the landscaping, removing dead branches and bushes, fertilitizing the lawn and planting flowers. Make sure the front door is clean and ...
Are You Ready To Sell? 5 Steps To Get Your Home SOLD!
April 13, 2022
1 De-clutter and depersonalize the home. You want the buyer to be able to visualize their personal Item in your home, to imagine themselves in the house. Put away the family photos, the kids drawings and the personal “touches” you have added over the years. De-clutter by clearing your counters of small appliances ...
Tips for Buying in a Tight Market
April 12, 2022
Tips for Buying in a Tight Market 1) Determine and stick to a budget 2) Identify desired neighborhoods and home wants vs needs 3) Be ready to make a decision quickly on a home 4) Bid competitively 5) Work with a REALTOR to assist you in the buying process ...
Case Study: Construction Contracting and Oversight
April 12, 2022
Client: Renovation Lending FirmThe ProblemOur client was a renovation loan company with a borrower whose contractor wasn’t following the rules and was performing work without a permit. The City issued a stop-work order and the project stalled. Ultimately, the borrower had to fire the contractor and eventually ran out of money.The SolutionParkvue Realty needed ...
What will happen to home prices?
April 12, 2022
High mortgage rates haven’t pushed down prices, yet.Prices might even rise, at least initially, as buyers race to lock in properties before they’re stuck with even higher rates. That could cause them to make even larger offers to win bidding wars, which in turn, inspire sellers to raise prices.Nationally, median list prices were up 15....
What do Appraisers look for?
April 11, 2022
An appraiser looks for 4 main things in a home, which could affect how much you pay at closing.1. Square footageThe first thing appraisers typically do is measure the home to determine the square footage. The larger your house, the more it could be worth.2. Quality of building materialsGoheen says the quality of building materials can make ...
Reasons You May Want to Wait to Sell
April 11, 2022
It’s no secret that the Lenawee housing market is going a mile a minute right now. Homes are still selling fast and for over the asking price. Of course, this sounds like an ideal time for someone to sell and take advantage of this market, right? But, where will you move?If you want to sell and take ...
Home Buyers in Michigan
April 11, 2022
HomebuyersWhether you are a first-time homebuyer or a seasoned veteran of the housing market, MSHDA has a mortgage product to meet your needs. Contact one of our Experienced Lending Partners today for more information! Simply click on one of our mortgage programs or the Mortgage Credit Certificate below to find a lender in your area.MI Home Loan MortgageMI ...
12 MISTAKES TO AVOID WHEN SELLING YOUR HOME presented by Richard Stewart
April 08, 2022
12 MISTAKES TO AVOID WHEN SELLING YOUR HOMEThese are can’t-miss, seriously don’t do these mistakes that you can easily avoid when selling your home. 12 Mistakes to Avoid When Selling Your HomeSelling your home doesn’t have to be full of missteps and mistakes. Learn from these common mistakes and avoid problems from the moment you put ...
As Mortgage Rates Surge Higher, These Home Buyers Are Being Pushed Out of the Market
April 08, 2022
By Jacob PassyApr 8, 2022EnvelopeFacebookTwitterLinkedinPinterestThe steep upward climb in mortgage rates still isn’t showing any signs of stopping.The average rate on a 30-year fixed-rate mortgage was 4.72% as of the week ending April 7, Freddie Mac reported Thursday, up from 4.67% a week earlier. The last time the interest rates on home loans were this ...