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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2 Reports That Say Now Is a Great Time to Sell

Great time to buy or sell a home in Greater Lansing, Michigan
Posted by Mike Bowler on March 06, 2019 in  Buying a Home  Real Estate Update  Selling a Home
Heading into the spring buying market, there are strong trends starting to emerge. The inventory of homes for sale has increased on a year-over-year basis for eight months in a row. Home price appreciation has continued to grow, although at a slower rate. The homeownership rate has reached heights last seen in 2014, with millennials and Generation X leading the way! Let’s dive a little deeper into some of the recent reports that have been released and what they mean for the spring buying season! 1. National... 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 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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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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