Mike Bowler blog

Millionaire To Millennials: Don’t Get Stuck Renting A Home… Buy One!

Great time to buy or sell a home in Greater Lansing, Michigan
Posted by Mike Bowler on February 18, 2019 in  Buying a Home  Home-Selling Tips  Real Estate Update
In a CNBC article, self-made millionaire David Bach explained that: “The biggest mistake millennials are making is not buying their first home.” He goes on to say that, “If you want to build real financial security, real wealth for your lifetime, then you need to buy a home.” Bach went on to explain: “Homeowners are worth 40 times more than renters. Now, that first home doesn’t need to be a dream home, it can be a very small home. You might literally have ... read more
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Where Did Americans Move in 2018? [INFOGRAPHIC]

Posted by Mike Bowler on February 15, 2019 in  Real Estate Update
Some Highlights: Every year United Van Lines conducts their National Movers Study by tracking their customer’s movement state-to-state over the course of the year. Vermont claimed the top spot of states with the highest percentage of inbound residents following a campaign that covered relocation costs for skilled workers who moved to the state. The most common response for why someone relocated to another state was for a new job or company transfer. ... read more
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Why Homeownership Matters Now More Than Ever in Greater Lansing, Michigan

Discover the difference in net worth between homeowners and renters
Posted by Mike Bowler on February 13, 2019 in  Buying a Home  Home-Selling Tips  Homeowner Tips  Real Estate Update
Study after study shows that no matter what generation Americans belong to, the vast majority believe that homeownership is an important part of their American Dream. The benefits of homeownership can be broken into two main categories: financial and non-financial (often referred to as emotional or social reasons.) For Americans approaching retirement age, one of the greatest benefits to homeownership is the added net worth they have been able to achieve simply by paying their mortgage! The Joint Center for... read more
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If your plan for 2019 includes selling your home, you will want to pay attention to where experts believe home values are headed. According to the latest Home Price Index from CoreLogic, home prices increased by 4.7% over the course of 2018. The map below shows the results of the latest index by state. Real estate is local. Each state appreciates at different levels. The majority of the country saw at least a 2.0% gain in home values, while some residents in North Dakota and Louisiana may have fe... read more
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It is common knowledge that a great number of homes sell during the spring buying season. For that reason, many homeowners hold off putting their homes on the market until then. The question is whether or not that is a good strategy this year. The other listings that come out in the spring will represent increased competition to any seller. Do a greater number of homes actually come to the market during this season in comparison to the rest of the year? The National Association of Realtors&nb... read more
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