Category Archives: Buying A Home

Inventories Drop, Prices Rise

Housing inventories drop and list prices rise…Found this article in RealtorMag dated 02/21/12, hopefully this trend continues. In a growing number of housing markets, sellers are facing less competition now compared to a year ago. Inventory of for-sale homes has dropped by about 23 percent compared to this time last year, and fell by 6…

Common Home Defects to Check For

Top 3 most common home defects to check for. There is no such thing as a perfect home, most homes – new and old – have a few problem areas. However, some home flaws are more frequent than others. Below are the top 3 home defects that every buyer and seller should check for before…

Pushing People to Buy

Will high rents push people to buy homes?…This article in RealtorMag from 01/27/2012 talks about the rising rents and how tenants will start to look to own. With Marcus & Millichap’s National Apartment Report showing that the U.S. average for asking rents in 2011 came in at $1,061 a month, housing analysts believe more apartment…

Rising Rents, Home Buying a Better Choice

Rising rents make home buying a better choice…Article from RealtorMag about the rising rental rates. Fallen home prices and record-low mortgage rates have pushed housing affordability to a 40-year high. Meanwhile, rental prices are continuing to rise at a fast pace, according to a new report released by Hotpads.com, a rental listing service. Rental prices…

Mortgage Rates – New Record Lows

Found this article on mortgage rates in RealtorMag…cheap money. Mortgage rates were back to hitting record lows again, pushing housing affordability even higher to home buyers, Freddie Mac reports in its weekly mortgage market survey. For the sixth consecutive week, the 30-year fixed-rate mortgage, the most popular choice among buyers, has averaged below 4 percent…

Foreclosure Auction Is Risky Business

You can buy a home at a significant discount at a foreclosure auction, but you’ll face a host of challenges. Don’t get burned…This article from Houselogic lists the 6 common foreclosure auction challenges. 1. Getting reliable information about foreclosure sales, may not be current or sell you systems. 2. You can’t get inside the property…

Things To Consider Before Moving Into Lake Orion MI

Things to consider before moving into Lake Orion MI. Moving has been ranked among some of the most stressful events in a person’s life. Despite the high levels of anxiety it can create, about 15% of Americans move each year. If you’re considering moving this year, it pays to do your research and be aware…