Metro Detroit Investor

11/06/2022

Join me this evening on Clubhouse @ 6:30 PM for a high-level Google Business Profile teaching business owners how to leverage this platform to get free leads.

07/16/2022

The Drop in Mortgage Rates Brings Good News for Homebuyers

Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the country should see this decline as welcome news.

Freddie Mac reports that the average 30-year rate was down to 5.30% from 5.81% two weeks prior. But why is this recent dip such good news for homebuyers? As Nadia Evangelou at NAR explains, “According to Freddie Mac, the 30-year fixed mortgage rate dropped sharply by 40 basis points to 5.3 percent. . . . As a result, home buying is about 5 percent more affordable than a week ago. This translates to about $100 less every month on a mortgage payment.”

That’s because when rates go up (as they have...


I won’t rest until your dreams become reality.

Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the country should see this decline as welcome news.

07/16/2022

Should I Rent or Should I Buy? [INFOGRAPHIC]

It’s worth considering the many benefits of homeownership before you make the decision to rent or buy a home. When you buy, you can stabilize your housing costs, own a tangible asset, and grow your net worth as you gain equity. When you rent, you face rising housing costs, won’t see a return on your investment, and limit your ability to save. If you want to learn more about the benefits of homeownership, DM me today.


I won’t rest until your dreams become reality.

Some Highlights It’s worth considering the many benefits of homeownership before you make the decision to rent or buy a home. When you buy, you can stabilize your housing costs, own a tangible asset, and grow your net worth as you gain equity. When you rent, you face rising housing costs, won’t ...

07/15/2022

Today’s housing market is shifting, but we’re still in a sellers’ market. We're going from a market that's unlike any we've ever seen to one more like pre-pandemic. And the years leading up to the pandemic were some of the best years real estate has seen. DM me so we can discuss our local market and why it's still a good time to sell.


I won’t rest until your dreams become reality.

07/14/2022

Lean on a Real Estate Expert When You Sell in Today's Shifting Market

Today's market is at a turning point. Let's connect so you have an expert in your corner when you sell your house.


I won’t rest until your dreams become reality.

07/14/2022

Housing Experts Say This Isn’t a Bubble

The 2008 housing crash is still fresh in the minds of many homebuyers and sellers. But today’s market is different. Odeta Kushi, Deputy Chief Economist at First American, says, "This is not the same market of 2008. . . . It's no secret the housing market played a central role in the Great Recession, but this market is just fundamentally different in so many ways."

Natalie Campisi, Advisor Staff for Forbes, explains how today’s lending standards are different than those during the lead up to the housing market crash. “Among the differences between today’s housing market and that of the 2008 housing crash is that lending standards are tighter due to lessons learned and new regulations enacted after the last crisis. Essentially, that means those approved for a mortgage nowadays are less likely to default...


I won’t rest until your dreams become reality.

With so much talk about an economic slowdown, some people are asking if the housing market is heading for a crash like the one in 2008. To really understand what's happening with real estate today, it's important to lean on the experts for reliable information.

07/13/2022

Expert Housing Market Forecasts for the Second Half of the Year

The housing market is at a turning point. That may leave you wondering: is it still a good time to buy a home? Should I make a move this year? Let's turn to the experts for projections on what the second half of the year holds for residential real estate.

>>Where Mortgage Rates Will Go Depends on Inflation
If inflation continues to rise, it’s likely that mortgage rates will respond.

When rates rise, they impact affordability and your purchasing power. That’s why it’s crucial to work with a team of professionals, so you have expert advice to help you make an informed decision about your best move.

>>The Supply of Homes for Sale Projected To Continue Increasing
Recently, realtor.com updated their 2022 inventory forecast. They increased their projections for inventory gains...


I won’t rest until your dreams become reality.

The housing market is at a turning point, and if you’re thinking of buying or selling a home, that may leave you wondering: is it still a good time to buy a home? Should I make a move this year? To help answer those questions, let’s turn to the experts for projections on what the second half of ...

07/13/2022

Should I Buy a Home Right Now?

If you’ve been thinking about buying a home, you likely have one question on the top of your mind: should I buy right now, or should I wait? While no one can answer that question for you, here’s some information that could help you make your decision.

The Home Price Expectations Survey projects the rate of price appreciation will moderate over the next few years as the market shifts away from the unsustainable pace it saw during the pandemic. After this year, experts project home price appreciation will continue, but at levels that are more typical for the market. As Lawrence Yun, Chief Economist at NAR, says, “People should not anticipate another double-digit price appreciation. Those days are over. . . . We may return to more normal price appreciation of 4%, 5% a year.”

For you, that ongoing appreciation should give you...


I won’t rest until your dreams become reality.

If you’ve been thinking about buying a home, you likely have one question on the top of your mind: should I buy right now, or should I wait? While no one can answer that question for you, here’s some information that could help you make your decision.

07/12/2022

Americans rank homeownership as the top sign of financial success. Let's connect if you're dreaming of buying a home this year.

07/12/2022

Down payment assistance programs have helped many homebuyers achieve their dreams, but you don’t have to be a first-time buyer to qualify for many of them. If you want to buy a home but your down payment is your biggest hurdle, those options may be able to help you too.


I won’t rest until your dreams become reality.

07/12/2022

The latest data from NAR shows more than half of the homes sold in May went for above asking price. As a homeowner, that’s a good sign you could get a great price for your home when you list. If you’re planning to sell this summer, DM me today and let’s discuss your options.

07/12/2022

Prices are going up and they show no signs of dropping...