Mike Bowler blog

2 Myths Holding Back Home Buyers

Posted by Mike Bowler on November 10, 2018 in  Real Estate Update
Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership: Down Payment, Credit, and Affordability,” which revealed that, “Consumers often think they need to put more money down to purchase a home than is actually required. In a 2017 survey, 68% of renters cited saving for a down payment as an obstacle to homeownership. Thirty-nine percent of renters believe that more than 20% is needed for a down payment and many renters are unaware o... 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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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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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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Recently, David Greene, co-host of the BiggerPockets podcast and a nationally renowned author and speaker, wrote an article in Forbes explaining how investing in real estate could help build wealth. Many of the points he made also apply to a family owning their own home. Here are a few: 1. Appreciation “The rising of home prices over time, is how the majority of wealth is built in real estate. This is the ‘home run’ you hear of when people make a large windfall of mone... read more
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