Tag: michigan probate
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
Where Is the Housing Market Headed for the Rest of 2020?
Where Is the Housing Market Headed for the Rest of 2020? Some Highlights: The Michigan housing market is forecasted to finish the year with growing strength. Historically low mortgage rates are creating great potential for homebuyers, and home sales are on the rise. If you’re thinking of buying or selling a Metro Detroit Michigan home … Continued
Homeownership Rate Continues to Rise in 2020
Homeownership Rate Continues to Rise in 2020 So far, it’s been quite a ride this year, and our nation has truly seen its fair share of hurdles. From COVID-19 to record unemployment and then the resulting recession, just to name a few, the second quarter of 2020 has had more than a few challenges. Amidst … Continued
Buyers: Are You Ready for a Bidding War?
Buyers: Are You Ready for a Bidding War? With businesses reopening throughout the country and some experts indicating early signs of a much-anticipated economic recovery, more homebuyers are actively entering the Metro Detroit Michigan housing market this summer. Today, housing is truly driving the U.S. economy forward. With so many buyers looking for homes to purchase … Continued
Latest Unemployment Report: Great News…for the Most Part
Latest Unemployment Report: Great News…for the Most Part The Bureau of Labor Statistics (BLS) released their latest Employment Situation Summary last Thursday, and it again beat analysts’ expectations in a big way. The consensus was for 3,074,000 jobs to be added in June. The report revealed that 4,800,000 jobs were added. The unemployment rate fell to 11.1% from … Continued
Real Estate Will Lead the Economic Recovery
Real Estate Will Lead the Economic Recovery With more U.S. states reopening for business this summer, and as people start to return to work, we can expect the economy to begin improving. Most expert forecasts indicate this economic recovery will start to happen in the second half of this year. As we get back to work … Continued