Tag Archive: demand

How a Change in Mortgage Rate Impacts Your Homebuying Budget

Mortgage rates are on the rise this year, but they’re still incredibly low compared to the historic average. However, anytime there’s a change in the mortgage rate, it affects what you can afford to borrow when you’re buying a home. As Sam Khater, Chief Economist at Freddie Mac, shares: “Since January, mortgage rates have increased half a ...

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3 Best Practices for Home Buyers Right Now

It’s not much of a secret: finding and purchasing an ideal home is really, really tough right now. Clients of mine got a little discouraged recently when they missed out to seven other offers — one cash — on a home that went well above asking. What did I tell ...

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3 Reasons We’re Definitely Not in a Housing Bubble

Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the one we experienced a little over a decade ago. Here are three reasons why this ...

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Could Your House Be High on A Buyer Wish List This Holiday Season?

Around this time each year, many homeowners decide to wait until after the holidays to sell their houses. Similarly, others who already have their homes on the market remove their listings until the spring. Let’s unpack the top reasons why selling your house now, or keeping it on the market ...

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Selling Your House Is the Right Move, Right Now

What’s happening in Ann Arbor is reflected nationally. We are seeing asking and selling prices rise throughout Ann Arbor, Saline, Dexter, Ypsilanti, Chelsea and other parts of the region. Homes in really good shape–decluttered, maintained–are selling quickly (Avg. 33 days). Days on Market for the broad area were the same ...

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