Author: propmarket
Photo Hacks to Help Your House Sell Faster in Metro Detroit Michigan
The old adage says that a picture is worth a thousand words, but in real estate – in today’s digital climate – a picture’s probably worth more than that. Most buyers begin their search online, and all they have to go on is your listing photos. These are what make them want to come and … Continued
5 Tips For Showing Your House During COVID-19 in Metro Detroit Michigan
Selling a home during the best of times can be a long and overwhelming process. When you add COVID-19 into the mix, it only gets worse – especially when it comes to the challenges involved in showing your house. It may still be a seller’s market, but everything is, nevertheless, now more difficult and riskier. … Continued
5 Tips for Homebuyers Who Want to Make a Competitive Offer
Today’s Metro Detroit Michigan real estate market has high buyer interest and low housing inventory. With so many buyers competing for a limited number of homes, it’s more important than ever to know the ins and outs of making a confident and competitive offer. Here are five keys to success for this important stage in the homebuying process. … Continued
Home Builder Confidence Hits All-Time Record
Last week, the National Association of Home Builders (NAHB) reported their Housing Market Index (HMI) hit an all-time high in the 35-year history of the series with a score of 83. The index gauges builder perceptions of current single-family home sales and sale expectations for the next six months, as well as the traffic of prospective buyers of new homes. As … Continued
Forbearance Numbers Are Lower than Expected
Forbearance Numbers Are Lower than Expected Originally, some housing industry analysts were concerned that the mortgage forbearance program (which allows families to delay payments to a later date) could lead to an increase in foreclosures when forbearances end. Some even worried that we might relive the 2006-2008 housing crash all over again. Once you examine … Continued
2020 Homebuyer Preferences
2020 Homebuyer Preferences Some Highlights A recent study from HarrisX shows the current health crisis isn’t slowing down today’s homebuyers. Many buyers are accelerating their timelines to take advantage of low mortgage rates, and staying home has enabled some to save more money to put toward a down payment. Let’s connect today if your needs have recently changed and you’re … Continued
The Latest Unemployment Report: Slow and Steady Improvement
The Latest Unemployment Report: Slow and Steady Improvement Last Friday, the Bureau of Labor Statistics (BLS) released its latest Employment Situation Summary. Going into the release, the expert consensus was for 1.58 million jobs to be added in July, and for the unemployment rate to fall to 10.5%. When the official report came out, it revealed that 1.8 million jobs were … Continued
Buying A House in 2020? Here Are A Rundown of Your Costs in Metro Detroit Michigan
When thinking about the cost of buying a house, many people consider only the down payment and the monthly mortgage payments. There are, however, many more costs involved in buying a house, including several one-time costs (many of them upfront) and not a few recurring costs or expenses. So, in order to stay within your … Continued