The Overlooked Financial Advantages of Homeownership

The Overlooked Financial Advantages of Homeownership There are many clear financial benefits to owning a home in Metro Detroit Michigan: increasing equity, building net worth, growing appreciation, and more. If you’re a renter, it’s never too early to make a plan for how homeownership can propel you toward a stronger future. Here’s a dive into … Continued

Homeownership Rate on the Rise to a 6-Year High

Homeownership Rate on the Rise to a 6-Year High Regardless of the lack of inventory on the market, the U.S. homeownership rate has climbed to a 6-year high. The United States Census Bureau reported that it increased to 65.1% in the fourth quarter of 2019, representing the highest level in the past six years. See the graph below:This increase … Continued

6 Signs of A Great Investment Property In Bloomfield HIlls

Have you been thinking about buying investment real estate in Bloomfield HIlls ? There has never been a better time! In our latest post, we will offer some tips so you can determine if a property will be a good investment to add to your portfolio!  Real estate investment is one of the best ways … Continued

Strength of the Economy Is Surprising the Experts

Strength of the Economy Is Surprising the Experts We’re currently in the longest economic recovery in U.S. history. That has caused some to ask experts to project when the next economic slowdown (recession) could occur. Two years ago, 67% of the economists surveyed by the Wall Street Journal (WSJ) for the Economic Forecasting Survey predicted we would have a … Continued

Where Have All the Houses Disappeared To?

Where Have All the Houses Disappeared To? If you’re following what’s happening in the current housing market, you’ve seen how the lack of newly constructed homes is a major reason there’s a shortage of housing inventory available to today’s buyers. Another reason is that the inventory of existing homes for sale is shrinking. According to the most … Continued

Should I Sell My House This Year?

Should I Sell My House This Year? If one of the questions you’re asking yourself today is, “Should I sell my house this year?” the current Housing Opportunities and Market Experience (HOME) Surveyfrom the National Association of Realtors® (NAR) should boost your confidence as it relates to the current selling sentiment in the housing market. Even with all the information overload in … Continued

First-Time Buyers Are Searching for Existing Homes This Year

First-Time Buyers Are Searching for Existing Homes This Year In the latest Housing Trends Report, the National Association of Home Builders (NAHB) measured the share of adults planning to buy a home over the next 12 months. The report indicates the percentage of all buyers that will be first-time buyers looking to purchase a home grew from 58% … Continued