$1 billion saves Flagstar Bank’s parent company, NYCB
March 11, 2024
Jordyn BurrellPublished: Mar. 6, 2024 at 10:49 PM ESTLANSING, Mich. (WILX) - It was a rough day for the parent bank of Flagstar after it nearly collapsed Wednesday afternoon.People have money in more than 100 Flagstar banks in Michigan.New York Community Bank was ultimately bailed out of the collapse by former Treasury Secretary Steve Mnuchin, backing the ...
What Will the Housing Market Look Like Once Mortgage Interest Rates Drop? Here’s What Homebuyers Can Expect
March 11, 2024
Homebuyers who are gearing up to shop the spring housing market might wonder whether the mortgage rate gods will smile in their favor.They’re right to worry: In October, rates hit a 23-year high of 7.79% for a 30-year fixed loan, according to Freddie Mac.Since then, rates have come down to 6.94% for the week ...
The Market Shifts - Is the timing right to buy
March 10, 2024
The market has its own rhytm, right now we're hearing notes of change in the market. The latest Sentiment Index reveals a growing sense of confidence. Buyers and sellers should take advantage of this momentum. Homeowners are recognizing that now is a good time to list. As those listings come on the market, ...
Daylight Saving Time Begins - Change Your Clock, Change Your Smoke Alarm Battery
March 09, 2024
Daylight Saving Time Begins - Change Your Clock, Change Your Smoke Alarm Batteryhttps://www.pwcva.gov/news/daylight-saving-time-begins-change-your-clock-change-your-smoke-alarm-battery#:~:text=For%20smoke%20alarms%20with%20a,the%20battery%20starts%20to%20chirpDaylight Saving Time begins Sunday, March 10th. As you turn your clocks forward, the Prince William County Fire and Rescue System would like to remind residents to change the battery in your smoke alarms. When properly installed and maintained, working smoke alarms save lives ...
Finding a home in today's market
March 06, 2024
If you are ready to buy your dream home, what could be more terrible than a low inventory market?Low inventory is driving up prices,making buying choices more limited. Rates are trending down, but still higher than the low rates of the past. What is the buyers best strategy?Start by getting prequalified! It shows ...
Understanding the Crucial Role of Credit Scores in Home Buying
March 05, 2024
Buying a house is a monumental milestone in many people's lives, but it's also one of the most significant financial commitments one can undertake. While you may have your eyes set on the perfect home, it's essential to recognize the pivotal role your credit score plays in the home buying process.Your credit score serves as ...
Purchasing a Home
March 05, 2024
When buying a home, it’s important to think carefully about your offering price—but also your offering terms. Most purchase offers define both. And in some cases, terms and conditions can represent thousands of dollars in additional value for buyers—or additional costs.Terms may include inspections, requests for specific property repairs, or timing considerations, such as a ...
The $100 Downpayment Program for HUD Homes
March 04, 2024
The dream of homeownership can seem out of reach for many, especially those with limited financial resources. However, the U.S. Department of Housing and Urban Development (HUD) offers a program that can make this dream a reality for some buyers.What is the HUD $100 Down Payment Program?The HUD $100 down payment program is a special ...
Be Prepared for Realtor Safety
March 02, 2024
Be Prepared to Show a HUD HOME!As a busy Realtor, I know that that Spring is a busy time for our Real Estate Market. When you get a call on a HUD Home, or any home, there are a few things to keep in mind.PARK IN THE ROAD SO AS NOT TO BE BLOCKED IN....
Why Curb Appeal Matters in Real Estate
March 01, 2024
Why Curb Appeal Matters in Real EstateThey say you never get a second chance to make a first impression, and nowhere is this truer than in real estate. As potential buyers drive by your home, the first thing they notice is its exterior – its curb appeal. In today's competitive market, curb appeal can make all the ...
Mortgage Rates Just Hit a 2-Month High: Are High Rates the New Normal for Homebuyers?
February 29, 2024
By Margaret HeidenryFeb 29, 2024Mortgage rates rose yet again this week, chilling the already sluggish housing market. The average rate for a 30-year fixed home loan ticked up from 6.9% last week, to 6.94% for the week ending Feb. 29, according to Freddie Mac.With the usually busy spring homebuying season right around the corner, this ...
Pot Hole Season is Here, Careful Driving.
February 29, 2024
This time of year in Michigan with it's ever changing weather is nice as it warms up. However, the roads turn into pot holes and drivers need to really pay attention to the roads. Frost laws are put on for a couple of weeks so that semi's don't make the roads any worse. ...
5 Reasons Why Buying is Better Than Renting
February 29, 2024
Title: 5 Reasons Why Buying is Better Than RentingAre you caught in the age-old dilemma of whether to buy or rent a home? It's a decision that can significantly impact your finances and lifestyle. While renting offers flexibility and fewer responsibilities, there are compelling reasons why buying a home may be the better choice for you. Here are ...
Kitchen Upgrades that cost less
February 29, 2024
Add Open ShelvingOpen shelves extend sightlines in the kitchen and make it look larger. They are also on-trend and cheaper than traditional cabinets. Consider swapping out some upper cabinets for floating shelves that match or complement your kitchen’s color scheme. ...
Work From Home = More Housing Options!
February 28, 2024
The shift to work-from-home and remote work has stirred up the housing market in a few interesting ways. First off, tech is king now in real estate, with cool gadgets and AI making things like property management and house hunting a breeze. Be careful, though. An experienced real estate agent can help you avoid hard-to-see pitfalls. Because you don'...
How to Buy a HUD Home
February 26, 2024
If you are interested in buying a HUD home and using it as your primary residence, you need to put in a bid as quickly as possible once the property is listed on the market. Once a HUD home is listed online, individuals who intend to live in the home are given 30 days to bid on the home ...
Michigan Housing Market
February 21, 2024
Michigan Housing MarketHome prices in Michigan were up 9.6% year-over-year in January. At the same time, the number of homes sold fell 0.89% and the number of homes for sale fell 11.4%.3. Michigan Housing SupplyAre there enough homes for sale to meet buyer demand?In January 2024, there were 23,916 homes for sale ...
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! ...
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 ...
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 ...
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 ...
Remember Your Furnace Needs
February 15, 2024
Remember Your Furnace NeedsBy Tom Nelson, HUD LLB-Real Estate One-Rochester, MIBuying a HUD Property Series February 2024We can finally start thinking that Spring will be here soon, even though we have had some cold weather. One of the things that is very important, but often neglected is the furnace filter.The furnace filter is very important because it ...
Real Estate Market Forecast
February 15, 2024
What will the houseing market look like for the next few years? Based on current trends and expert opinions, there are a few key things that we can expect to see in the next few years. Overall, the housing market is expected to remain strong in the next five years. However, there are some key factors ...
A Guide to Different Real Estate Easements
February 15, 2024
Ever wondered why your neighbor can walk across your property to reach the lake, or why your backyard has a mysterious utility box buried in it? The answer might lie in something called an easement. This legal agreement grants another party specific rights to use a portion of your land, even though they don't own it.Easements play ...
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. ...
