The corona virus has most of us Michiganders hunkered down at home either working remotely or simply looking for things to do. Our last article provided some fun ideas to help kill the boredom. If you missed it you can check it out here: 10 [...]
As concert venues, sporting events, restaurants and bars are shut down, many Metro Detroiters are finding themselves with a case of cabin fever and wondering what they will do to keep busy during this period of social distancing. So what can you do while you're [...]
The coronavirus has changed the way we live our daily lives and it has affected several business sectors, including the real estate market in Southeast Michigan. We will wait and see what the next few months bring, but there are potential impacts ranging from decreased [...]
In previous articles we've discussed the impact that different generations are having on the real estate market, such as millennials and baby boomers. But with International Women's Day just a few days away, let's take a look at the influence women are having on the [...]
Chances are you have watched the HDTV channel at some point. Investors and ambitious do it yourselfers buy a home that needs a little work, then completely renovate the property to turn a massive profit. But is remodeling as easy as it seems on TV? [...]
It may not feel like it today, but before we know it, spring will be here in Michigan. In just a couple of months there will be several open houses and eager buyers looking to put in an offer on their dream home. The ideal [...]
Congress has recently restored the mortgage insurance (MI) tax deduction for 2018–2020, providing even more incentive for Michiganders to purchase a home or refinance. Borrowers with adjusted gross incomes below $100,000 per year can deduct 100% of their insurance premiums on their federal tax returns. [...]
First-time millennial home buyers are optimistic about the housing market. In fact, 68% believe it that 2020 is a good time to buy a home. However, many first-time buyers are overwhelmed by the mortgage process or feel challenged by affordability. Or, those who are searching [...]
On January 1st 2020, the Federal Housing Finance Agency (FHFA) increased conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac. The new limit for single-family homes will be $510,400, which is more than 5 percent of an increase from $484,350. The FHA [...]
If one of your goals for 2020 is to buy a home, here are 5 resolutions that will improve your financial picture and put you on the path to homeownership. 1. Avoid Changes in Employment Employment history is one of the major factors considered when [...]
