Mike Bowler blog

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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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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