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Buying Don’t Expect a Flood of Foreclosures Content courtesy of Keeping Current Matters The rising cost of just about everything from groceries to gas is leading to speculation that more people won’t be able to afford their mortgage payments. That leads to speculation that foreclosures are on the horizon. While it’s true that foreclosure filings have gone up a bit compared to last […]
Buying American’s Are Sitting On Tremendous Equity Courtesy of Keeping Current Matters Equity Is a Game Changer for Homeowners Looking To Sell If you’re a homeowner, you might be torn on whether or not to sell your house right now. Maybe that’s because you don’t want to take on a higher mortgage rate on your next home. If that’s your biggest hurdle, understanding your equity may be […]
Selling There’s Half the Inventory of a Normal Housing Market Today Post courtesy of Keeping Current Matters Wondering if it still makes sense to sell your house right now? The short answer is, yes. Especially if you consider how few homes there are for sale today. These stats are derived from national averages. The northern Michigan market is dynamic, unique and area specific. To see more detail […]
Buying The Housing Market Faces Two Big Issues The housing market faces two big issues right now. The biggest challenge is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply: “Two dynamics are keeping existing-home inventory historically low – rate-locked existing homeowners and the fear of not finding something to buy.” Let’s break down these […]
Buying Housing Market Expected to Crash…… Not! Is the housing market expected to crash? Where do people get their information?! Seriously, real estate pessimists need to reconsider their sources. Like so much of what is presented to us in the news media, doomsayers tell “A” story not “THE” story. 67% of Americans say a housing market crash is imminent in the next […]
Buying Housing Market Expected to Improve in 2023 “Transition, hopeful, ease up, expected” are all how experts describe their outlook for the 2023 housing market. The housing market has gone through a lot of change recently. Much of it due to how quickly mortgage rates rose last year. There are signs things are going to turn around in 2023. The recent home price appreciation […]
Buying Lower Mortgage Rates Are Bringing Buyers Back Rising mortgage rates caused the housing market to slow last year. As a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling. Now, however, rates are beginning to come down—and buyers are starting to reenter the market. In fact, the latest data from the Mortgage […]
Buying Foreclosure Fear In Today’s Headlines You’ve seen recent headlines about foreclosures surging in the housing market. There’s no doubt, the stories can be confusing. They may even make you think twice about buying a home for fear that prices could crash. The reality is, the data shows a foreclosure crisis is not where the market is headed. Understanding what that […]
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Buying Home Price Headlines Highlights If you’re thinking about selling your house, recent headlines about home prices falling month-over-month may have you second guessing your decision—but perspective matters. While home prices are down slightly month-over-month in some markets, home values are still up almost 10% nationally on a year-over-year basis. A nearly 10% gain is still dramatic compared to the more normal level of appreciation, which is […]
Selling Is It Still A Good Time To Sell? Hell Yes It Is! Hell Yes It Is! If you like to make informed decisions, you’ll like this. It’s STILL a great time to sell a home! Here are some powerful stats that illustrate how we’re still in a seller’s market (even if buyer demand has slowed a bit)! Be sure to check the Market Data pages of the […]
Buying Truth or Clickbait Some headlines out there intentionally paint today’s real estate market as doom-and-gloom – but when you take a step back you can see the historical data tells a different story. Take a look at the complete picture of where we are in regard to Homeowner Equity, Foreclosures, and Inventory.
Buying What’s Ahead for Mortgage Rates and Home Prices? Now that the end of 2022 is within sight, you may be wondering what’s going to happen in the housing market next year and what that may mean if you’re thinking about buying a home. Here’s a look at the latest expert insights on both mortgage rates and home prices so you can make your best […]
Selling Define Slump Ask anyone who sold their home this year. If “Days On Market” is the gauge, they’ll tell you it’s still a good time to sell. Visit FieldstonePropertyGroup.com
Buying What’s Ahead for Home Prices? As the housing market cools in response to the dramatic rise in mortgage rates, home price appreciation is cooling as well. And if you’re following along with headlines in the media, you’re probably seeing a wide range of opinions calling for everything from falling home prices to ongoing appreciation. But what’s true? What’s most likely to happen moving forward? […]
Buying Housing Supply and Demand… The Latest Over the past two years, the substantial imbalance of low housing supply and high buyer demand pushed home sales and buyer competition to new heights. But this year, things are shifting as supply and demand reach an inflection point. The graph below helps tell the story of just how different things are today. This year, buyer […]
Buying The Emotional and Non-financial Benefits of Homeownership With higher mortgage rates, you might be wondering if now’s the best time to buy a home. While the financial aspects are important to consider, there are also powerful non-financial reasons it may make sense to make a move. Here are just a few of the benefits that come with homeownership. Homeowners Can Make Their Home Truly Their […]
Selling Perspective Matters When Selling Your House Today Does the latest news about the housing market have you questioning your plans to sell your house? If so, perspective is key. Here are some of the ways I can explain the shift that’s happening today and why it’s still a sellers’ market even during the cooldown. Fewer Homes for Sale than Pre-Pandemic While the supply of […]
Buying September Market Stats for Northern Michigan Every month, I publish the latest market data from the Northern Michigan MLS. Data for 17 areas in three counties is compiled, filtered and presented in easy to read infographics. Just select the “Market Data” tab above and choose the county you want to view. Interested in more than a one month snapshot? Scroll down each […]
Buying The Long-Term Benefit of Homeownership Today’s cooling housing market, the rise in mortgage rates, and mounting economic concerns have some people questioning: should I still buy a home this year? While it’s true this year has unique challenges for homebuyers, it’s important to factor the long-term benefits of homeownership into your decision. Consider this: if you know people who bought a home 5, […]
Buying The Housing Shortage Explained If you’re curious about WHY we have a lack of inventory – this infographic will help! As you can see, a lack of homes built in the past decade and recent low interest rates have affected the current home supply, and created our current inventory crisis. You need an expert if you’re considering buying or […]
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