Mike Bowler blog

3 Tips for Making Your Dream of Buying A Home Come True [INFOGRAPHIC]

Great time to buy or sell a home in Greater Lansing, Michigan
Posted by Mike Bowler on February 22, 2019 in   Michigan  Buying a Home  Greater Lansing
3 Tips for Making Your Dream of Buying A Home Come True [INFOGRAPHIC] Some Highlights: Setting up an automatic savings plan that saves a small amount of every check is one of the best ways to save without thinking too much about it. Living within a budget right now will help you save money for down payments while also paying down other debts that might be holding you back. What are you willing to cut back on to make your dreams of homeownership a reality? ... read more
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3 Reasons Why We Are Not Heading Toward Another Housing Crash

Great time to buy or sell a home in Greater Lansing, Michigan
Posted by Mike Bowler on February 21, 2019 in   Michigan  Greater Lansing  Real Estate Update
With home prices softening, some are concerned that we may be headed toward the next housing crash. However, it is important to remember that today’s market is quite different than the bubble market of twelve years ago. Here are three key metrics that will explain why: Home Prices Mortgage Standards Foreclosure Rates HOME PRICES A decade ago, home prices depreciated dramatically, losing about 29% of their value over a four-year period (2008-2011). Today, prices are not depreciating. The level of apprecia... read more
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Why A Normal Market is Just What We Need in Greater Lansing, Michigan Area

The real elephant in the room here is housing supply.
Posted by Mike Bowler on February 20, 2019 in  Buying a Home  Real Estate Update  Selling a Home
The housing market has been hot for a while now. Homes have been flying off the shelves as fast as they have been listed. Buyers have been competing in bidding wars just to find a home to buy, let alone find their dream home. This ‘seller’s market’ has driven home prices to new heights. Home price appreciation averaged over 6% across the country. However, home price growth has recently started to cool down. The latest report from CoreLogic shows that home prices ha... read more
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2019 Will Be a Great Year for Buyers AND Sellers in Greater Lansing, Michigan Area

Now's The Time to Make Your Move!
Posted by Mike Bowler on February 19, 2019 in  Buying a Home  Real Estate Update  Selling a Home
Many homeowners believe that rising interest rates and home prices have scared away buyers and therefore have not listed their houses for sale. However, the truth is that buyers who were unable to find a home last year are out in force, and there are even more coming! NerdWallet’s 2018 Home Buyer Report revealed that: “Approximately one-third (32%) of Americans plan to purchase a home in the next five years. Millennials are most likely to have such a purchase in their f... read more
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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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