Keeping Current Matters Mortgage Rates are on the rise hitting 4.5% this week and it appears that Americans are regaining faith in the U.S. economy. The following indexes have each shown a dramatic jump in consumer confidence in their latest surveys: The University of Michigan Consumer Sentiment Index National Federation of Independent Businesses’ Small Business…Details
The inventory of existing homes for sale has dropped below two months in the Grand Rapids Metro Area. To put that in perspective, a balanced market is considered to have six months of inventory. Low inventory, rising prices, historically low interest rates and renewed buyer interest with the arrival of spring is creating a…Details
Housing Market is Healthiest in Years! Thanks for the folks at Keeping Current Matters for the following update: According to Nationwide’s recently unveiled, Health of Housing Market (HoHM) Report, the US housing market is at it’s healthiest levels since the index’s creation in 2001. The index analyzes the health of the housing market across the…Details
Happy Holidays from our family to yours!
Welcome the new owners of the Stickley Mansion
Erwin Broekhuis and Robert Amaya
This graphic puts current mortgage rates in perspective. Incredibly Low!
Our first snow of the season with a light 1 to 2 inches this morning. Here are some pictures to commemorate the moment but first a reminder: Odd / Even Parking is now in effect throughout the neighborhood. Be sure you are parking on the right side of the street each night or…Details
ArtPrize® 2014 is underway in a 3 square mile area of downtown Grand Rapids. From now until October 12 the public will decide which artists will receive the world’s richest art prize – $200,000. A separate juried competition will also award $200,000 to the winning artist. Artprize is unique “anyone can find a voice in…Details
By: Jed KolKo, Chief Economist for Trulia Though the gap is narrowing, buying costs less than renting in all 100 large U.S. metros. But uncertainty about future home price appreciation means buying isn’t always a safe bet. Homeownership remains cheaper than renting nationally and in all of the 100 largest metro areas. Rising mortgage rates…Details
There’s an old maxim in real estate that says buyers decide the minute they walk through your door whether your house is a possibility for them. Make a good first impression and you’ll make it to their list of finalists. The same holds true with the photographs used online to sell your home. Here are…Details