Mike Bowler blog

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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Home Buyer Demand Will Be Strong for Years to Come

Great time to buy or sell a home in Greater Lansing, Michigan
Posted by Mike Bowler on April 10, 2019 in  Buying a Home  Homeownership  Real Estate Update
There has been a lot written about millennials and their preference to live in city centers above their favorite pizza place. Some have even gone so far as to say that millennials are a “Renter-Generation”. And while this might be true for some millennials, more and more research has surfaced that shows for the vast majority, owning a home is a major part of their American Dream! New research shows that 66% of millennials who currently rent are determined to buy a home! Seventy-three percen... read more
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3 Graphs that Show What You Need to Know About Today’s Real Estate Market

Great time to buy or sell a home in Greater Lansing, Michigan
Posted by Mike Bowler on April 04, 2019 in  Buying a Home  Real Estate Update
The Housing Market has been a hot-topic in the news lately. Depending on which media outlet you watch, it can start to be a bit confusing to understand what’s really going on with interest rates and home prices! The best way to show what’s really going on in today’s real estate market is to go straight to the data! We put together the following three graphs along with a quote from Chief Economists that have their finger on the pulse of what each graph illustrates. Interest Rates: “The re... read more
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How to Put Your Housing Cost to Work for You

Great time to buy or sell a home in Greater Lansing, Michigan
Posted by Mike Bowler on March 28, 2019 in  Buying a Home  For Your Home  Real Estate Update  Selling a Home
There has been a lot written about the benefits of homeownership. One benefit that continues to rise to the top is the added wealth homeowners gain simply by paying their mortgage while their home increases in value over time. The National Association of Realtors (NAR) recently broke down the equity gained from price appreciation and principal payments in their Economists Outlook Blog. Homeowners who purchased their homes five years ago have already gained almost $80,000 in equity over that time w... read more
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The Enormous Divide Between the Headline and the Truth

Great time to buy or sell a home in Greater Lansing, Michigan
Posted by Mike Bowler on March 26, 2019 in  Greater Lansing  Real Estate Update
“I have observed that not the man who hopes when others despair, but the man who despairs when others hope, is admired by a large class of persons as a sage.” - John Stuart Mill (1840s) Even back in the mid-1800s, people knew that negative news sells. That is still true today. All forms of media realize that they will get more eyeballs, clicks, likes, and engagement by posting something negative. However, they must realize that negative headlines impact markets. Just last week, the Nation... read more
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