Why Home Equity Is a Bright Spark in the Housing Market

Why Home Equity Is a Bright Spark in the Housing Market Given how we have seen more unemployment claims than ever before over the past several weeks, fear is spreading widely. Some good news, however, shows that more than 4 million initial unemployment filers have likely already found a new job, especially as industries such as … Continued

Confused About the Economic Recovery? Here’s Why.

Confused About the Economic Recovery? Here’s Why. As we continue to work through the health crisis that plagues this country, more and more conversations are turning to economic recovery. While we look for signs that we’ve reached a plateau in cases of COVID-19, the concern and fear of what will happen as businesses open up … Continued

U.S. Homeownership Rate Rises to Highest Point in 8 Years

U.S. Homeownership Rate Rises to Highest Point in 8 Years For nearly two months, most of us have been following strict stay-at-home orders from our state and local governments. It is a whole new way of life that has put our daily lives on pause. On the other hand, many of us have also found … Continued

How to Test-Drive a Neighborhood While Sheltering in Place

How to Test-Drive a Neighborhood While Sheltering in Place Some Highlights Staying at home doesn’t mean your search for a new place needs to come to a standstill. Check out these tips on how to explore other Michigan neighborhoods virtually in the homebuying process. You may find a spot that better suits your needs without ever leaving … Continued

Why the Housing Market Is a Powerful Economic Driver

Why the Housing Market Is a Powerful Economic Driver With businesses starting to slowly open back up again in some parts of the country, it’s important to understand how housing can have a major impact on the recovery of the U.S. economy. As we’ve mentioned before, buying a home is a driving financial force in this process. … Continued

Buying a Home Right Now: Easy? No. Smart? Yes.

Buying a Home Right Now: Easy? No. Smart? Yes. Through all the volatility in the economy right now, some have put their search for a Metro Detroit Michigan home on hold, yet others have not. According to ShowingTime, the real estate industry’s leading showing management technology provider, buyers have started to reappear over the last several … Continued

Rise to the Top of the Pool by Selling Your House Today

Rise to the Top of the Pool by Selling Your House Today With the release of the latest Economic Pulse Flash Survey from the National Association of Realtors (NAR), results show that people selling their houses today are holding strong on price. According to the most recent data, 74% of real estate agents noted that sellers are not dropping listing prices … Continued

What Impact Might COVID-19 Have on Home Values?

What Impact Might COVID-19 Have on Home Values? A big challenge facing the housing industry is determining what impact the current pandemic may have on Metro Detroit Michigan home values. Some buyers are hoping for major price reductions because the health crisis is straining the economy. The price of any item, however, is determined by … Continued

Today’s Expert Insight on the Housing Market

Today’s Expert Insight on the Housing Market Some Highlights According to Lawrence Yun, Chief Economist at NAR, home prices are forecasted to rise. Results from the Existing Home Sales Report note that home sales declined in March due to the coronavirus, but prices are still strong. Let’s connect so you can better understand your Metro Detroit Michigan home’s value today.

Uncertainty Abounds in the Search for Economic Recovery Timetable

Uncertainty Abounds in the Search for Economic Recovery Timetable Earlier this week, we discussed how most projections from financial institutions are calling for a quick V-shaped recovery from this economic downturn, and there’s research on previous post-pandemic recoveries to support that expectation. In addition, we noted how there are some in the business community who believe we … Continued