Clinton Township Latest News (Michigan, United States)

Around this time each year, many homeowners decide to wait until after the holidays to sell their houses. Similarly, others who already have their homes on the market remove their listings until the spring.

As we head into the home stretch of 2020, I want to bring you a quick update on what we saw in the third quarter here in Macomb County Michigan. We're still firmly in a strong seller's market; we need inventory badly.

High Levels Of Housing Demand Expected To Carry Over Into The New Year Despite a rather unpredictable year, housing demand is one area that has remained strong. Now, Redfin CEO, Glenn Kelman, predicts, "This level of demand is absolutely insane.

A 30-year, fixed-rate home loan isn't right for everyone. Depending on your plans, it might actually cost you more in the long run. Though they're less common, adjustable-rate mortgages (ARMs) are a better fit for many homebuyers.

In a world where housing inventory has already been limited at best. In a top concern for years, homeowners and builders alike have a new factor to keep in mind.

All things considered, overall, it's been a pretty positive year for real estate. Now, as we prepare for election time, you or even your clients may be wondering how the upcoming election could impact real estate activity.

The housing market has continued its booming recovery, and sellers continue to benefit. But things might be changing soon. Let me give you the details: 1.

Even as we enter real estate's fall season, home equity and demand continue to soar.

Homeownership is one of the best ways to invest in your financial future, especially as your home equity grows. Home equity is a form of forced savings that can work to your advantage as the value of your home appreciates.

How long have you lived in your current home? If it's been a while, you may be thinking about moving.

Home isn't just "where the heart is" anymore. Due to the pandemic, it's also where more working, schooling and personal time are taking place. As a result, the demand for larger homes and list of essential features has shifted too.

Over the past several weeks, Freddie Mac has reported the average 30-year fixed mortgage rate dropping to record lows, all the way down to 2.86%.

The Case-Shiller Home Price Index, which is considered the "gold standard" for appreciation, showed that nationally there was a 4.3% annual gain in June, which was unchanged from the gain we saw in May.

We were recently asked the question if now is a good time to buy, but what about the other side of the coin? When we first saw friction in the real estate market, it's fair to say many buyers thought there would be an increased opportunity to negotiate...

The residential real estate market has definitely been the shining light in this country's current economic situation.

Today's housing market is making a truly impressive turnaround, and it's also setting up some outstanding opportunities for buyers and sellers.

At just two months' worth, our inventory is extremely tight right now; there's no doubt we're in a strong seller's market where multiple-offer situations are commonplace in certain high-demand price points.

How would you feel if you missed the current real estate boom? I get asked on a daily basis,  "How is business?"  My answer is dependent on if they are interested in buying or selling.

The residential real estate market is remaining resilient as the country still struggles to beat the COVID-19 pandemic. Three separate reports recently revealed how the housing market is still showing growth. Here's a look at each one. 1.

There's great opportunity for today's homeowners to sell their houses and make a move, yet due to the impact of the ongoing health crisis, some sellers are taking their time coming back to the market.

In a recent survey of home sellers by Qualtrics, 87% of respondents said they were concerned their home won't sell because of the pandemic and resulting economic recession.

One of the biggest questions on everyone's minds these days is: What's going to happen to the housing market in the second half of the year? Based on recent data on the economy, unemployment, real estate, and more, many economists are revising their...

What's the latest news from our Macomb County Michigan housing market? The bottom line is that inventory is extremely low and still shrinking.

A worldwide pandemic and an economic recession have had a tremendous effect on the nation. The uncertainty brought about by both has made predicting consumer behavior nearly impossible.

The Wall Street Journal just released their latest monthly Survey of Economists. In an article on the findings, they reported: "The U.S.

We've all heard a lot about FOREBEARANCE on mortgages lately, and we felt it would be a good topic for today's mortgage update email! The following update is for CONVENTIONAL mortgages and how forbearance can have impact on qualifying for a new mortgage..

As the health crisis started making its way throughout our country earlier this spring, sellers have been cautious about putting their homes on the market.

As we enter the summer months and work through the challenges associated with the current health crisis, many are wondering what impact the economic slowdown will have on home prices.

One of the biggest questions we all seem to be asking these days is: When are we going to start to see an economic recovery? As the country begins to slowly reopen, moving forward in strategic phases, business activity will help bring our nation back to..

All eyes are on the American economy. As it goes, so does the world economy.

With the housing market staggered to some degree by the health crisis the country is currently facing, some potential purchasers are questioning whether home values will be impacted.