Mike Bowler blog

Buyer Demand Surging as Spring Market Begins in Greater Lansing, Michigan

Great time to buy or sell a home in Greater Lansing, Michigan
Posted by Mike Bowler on April 18, 2019 in  Buying a Home  Greater Lansing  Homeownership
Last fall, some predicted that the 2019 residential real estate market would be a disaster. There was even belief we might experience a housing crash like the one that occurred during the last decade. However, according to two separate reports*, buyer demand dramatically increased over the last three months, leading into this spring buyers’ market (the March data is not yet available). Both the ShowingTime Showing Index and the National Association of REALTORS Buyer Traffic Index show t... read more
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Are Low Interest Rates Here to Stay?

Great time to buy or sell a home in Greater Lansing, Michigan
Posted by Mike Bowler on April 17, 2019 in  Buying a Home  Greater Lansing  Homeownership  Mortgages
Interest rates for a 30-year fixed rate mortgage have been on the decline since November, now reaching lows last seen in January 2018. According to Freddie Mac’s latest Primary Mortgage Market Survey, rates came in at 4.12% last week! This is great news for anyone who is planning on buying a home this spring! Freddie Mac had this to say, “Mortgage interest rates have been steadily declining since the start of 2019. These lower mortgage interest rates combined with a str... read more
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Homeowners: Now Is A Good Time To Sell Your House

Great time to buy or sell a home in Greater Lansing, Michigan
Posted by Mike Bowler on April 16, 2019 in  Greater Lansing  Homeownership  Selling a Home
Every month, the National Association of Realtors (NAR) releases their Seller Traffic Index as a part of their Realtors Confidence Index. In the latest release, NAR reported that homeowners have been reluctant to sell their houses. This is reflected when broken down by state. Only 11 states have a stable level of seller traffic compared to the remainder of the country, which came in with a weak rating. As we can see in the following table, the number of people who moved last year is half... read more
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Slaying the Largest Home Buying Myths Today [INFOGRAPHIC]

Great time to buy or sell a home in Greater Lansing, Michigan
Posted by Mike Bowler on April 12, 2019 in  Buying a Home  Homeownership
Some Highlights: The average down payment for first-time homebuyers is only 6%! Mortgage interest rates have been on the decline since November! Hop in now to lock in a low rate! 88% of property managers raised their rents in the last 12 months! The average credit score on approved loans continues to fall across many loan types!   ... read more
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Home Value Appreciation Stops Falling, Begins to Stabilize

Great time to buy or sell a home in Greater Lansing, Michigan
Posted by Mike Bowler on April 11, 2019 in  Buying a Home  For Your Home  Homeownership  Real Estate Update  Selling a Home
The percentage of home price appreciation on a year-over-year basis has decreased each month for over a year. The question was how far annual appreciation would fall. It seems we may now have the answer. In a recent post on the National Association of Realtors’ Economists’ Outlook Blog, it was revealed that Realtors are starting to sense that home values are beginning to stabilize and that we may see appreciation beginning to accelerate again: “About 3,000 REALTORS® who responded... read more
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