This incredible Flowers Mills residence designed by Jeff Visser, built by Andy Vandermale, and landscaped by Tom Rooks, features serene scape, timeless design, and quality craftsmanship. With the perfect combination of floor plan and location, this cul-de-sac setting includes 2 lots and offers privacy perfect for both quiet enjoyment and entertainment. From the brick patio, or one of the many decks, enjoy peaceful views of the wetlands. Tour the links for the walk through video and virtual tour to appreciate this amazing home offering main floor living, 3 stall garage, with superb layout offering plenty of room for everyone. Located in the award winning Forest Hills Eastern school district, walking distance to Grand Rapids Township Park, Forest Hills Trails and more. …walking distance to Grand Rapids Township Park, Forest Hills Trails and right around the corner from Knapp Corners for easy shopping, dining and entertainment. Only minutes from downtown with easy access to major highways.
This incredible Flowers Mills residence designed by Jeff Visser, built by Andy Vandermale, and landscaped by Tom Rooks, features serene scape, timeless design, and quality craftsmanship. With the perfect combination of floor plan and location, this cul-de-sac setting offers privacy perfect for both quiet enjoyment and entertainment. From the brick patio, or one of the many decks, enjoy peaceful views of the wetlands. Tour the links for the walk through video and virtual tour to appreciate this amazing home offering main floor living, 3 stall garage, with superb layout offering plenty of room for everyone. Located in the award winning Forest Hills Eastern school district, walking distance to Grand Rapids Township Park, Forest Hills Trails and more. …walking distance to Grand Rapids township park, Forest Hills Trails and right around the corner from Knapp Corners for easy shopping, dining and entertainment. Only minutes from downtown with easy access to major highways.
This incredible residence is offered with 2.36 acres (lot 47) or with an additional lot at 2.92 acres (Lot 47 and 48.)
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July 2020 Michigan Real Estate Update brought to you by John Rice REALTOR Berkshire Hathaway HomeServices Michigan Real Estate
Summer is the New Spring for Real Estate [INFOGRAPHIC]
- The health crisis slowed the market this spring, so buyers are jumping back into the market to make their moves this summer.
- Check these 10 items off your to-do list so your house is ready to sell while buying is hot!
- Let’s connect today to prepare your house for the sizzling summer market. Message me by clicking here
Source: Michigan Real Estate Updates
What Are the Experts Saying About Future Home Prices?
A worldwide pandemic and an economic recession have had a tremendous effect on the nation. The uncertainty brought about by both has made predicting consumer behavior nearly impossible. For that reason, forecasting home prices has become extremely difficult.
Normally, there’s a simple formula to determine the future price of any item: calculate the supply of that item in ratio to the demand for that item. In housing right now, demand far exceeds supply. Mortgage applications to buy a home just rose to the highest level in 11 years while inventory of homes for sale is at (or near) an all-time low. That would usually indicate strong appreciation for home values as we move throughout the year.
Some experts, however, are not convinced the current rush of purchasers is sustainable. Ralph McLaughlin, Chief Economist at Haus, explained in their June 2020 Hausing Market Forecast why there is concern:
“The upswing that we’ll see this summer is a result of pent-up demand from homebuyers and supply-in-progress from homebuilders that has simply been pushed off a few months. However, after this pent-up demand goes away, the true economic scarring due to the pandemic will begin to affect the housing market as the tide of pent-up demand goes out.”
The virus and other challenges currently impacting the industry have created a wide range of thoughts regarding the future of home prices. Here’s a list of analysts and their projections, from the lowest depreciation to the highest appreciation:
- CoreLogic: Year-Over-Year decline of -1.5%
- Haus: Year-Over-Year decline of -1%
- Zillow: Year-Over-Year change is forecasted to bottom out at -0.7%.
- Home Price Expectation Survey: Decline of -0.3% in 2020
- Fannie Mae: Increase of 0.4% in 2020
- Freddie Mac: Increase of 2.3% in 2020
- Zelman & Associates: Increase of 3.0% in 2020
- National Association of Realtors: Increase of 3.8% in 2020
- Mortgage Bankers Association: Increase of 4.0% in 2020
We can garner two important points from this list:
- There is no real consensus among the experts.
- No one projects prices to crash like they did in 2008.
Whether you’re thinking of buying a home or selling your house, know that home prices will not change dramatically this year, even with all of the uncertainty we’ve faced in 2020.
Source: Michigan Real Estate Updates
WOW you are going to love this 3 bedroom 2 full bath craftsman raised ranch in sought after Winding Creek Circle of Allendale. With private community park right across the street, shared rec spaces and sidewalks – this is an excellent combination of floor plan and location! Main floor boasts open concept living room, kitchen and eating area – perfect for entertaining, master bedroom with walk-in closet, private master bath, a 2nd bedroom and 2nd full bath. The landing off the garage offers excellent large pantry and ”drop zone” for everyday items. Lower level offers 3rd bedroom, plus room for future 4th and 5th bedroom and already plumbed for 3rd full bath! Attached 2 stall garage runs 22 x 22 offers extra space for storage. Close to GVSU and easy access to M45. Close to GVSU and easy access to M45 make shopping, entertainment and commuting a breeze. Conveniently located only a short drive from downtown Grand Rapids or the lake shore!
Forest Hill Schools – Private Thornapple River frontage. This gorgeous Town & Country cedar home is surrounded by the natural beauty of hardwoods. Located on the open 6 mile stretch of the Thornapple River (all sports.) This home offers the best of rustic-lux. With soaring vaulted plank ceilings, stone fireplace, majestic views out every window, and quality finishes throughout every inch breathes the essence of home. The main floor master with luxuriously appointed on-suite, the additional bedrooms, finished garage loft space, and walk-out lower level each offer custom touches combining form, function and fun. Experience the peace of this location while appreciating its easy proximity to everyday amenities such as shopping, dining, entertainment, and more.
Welcome home! This incredible opportunity offers the perfect mix of 7.5 acres. barns, 2 story home with great floor plan and updates combined with an excellent location offering natural gas. The main floor offers large family room with fireplace, nicely appointed kitchen with dining area, dining room, living room, and half bath. Upstairs features a master bedroom suite with private bath, 3 additional bedrooms and 2nd full bath. The lower level offers a 5th bedroom with egress window (just needs your choice of carpet and trim) future rec room area and laundry and storage. The acreage is incredible offering a paddock, fenced pasture, wooded rolling hills, and trails. The main barn is setup for goats and horses (including removable stalls and a tack room) Lean-to for chickens. Many updates!
Welcome home! This 2 story home, originally built by Holwerda Homes, offers an excellent combination of floor plan, location, large lot, and more! The main floor features 2 stall garage, open kitchen and dining area, laundry, 1/2 bath and large living room. Upstairs, the master bedroom features its own private bath and large walk-in closet, while the additional 2 bedrooms share the second full bath. The lower level offers incredible opportunity with its daylight basement that is studded and ready for future family room, 4th bedroom and 3rd full bath. Outside features a .54 acre lot with large 20 x 12 storage shed, deck, garden area and more. This location offers easy access to everyday amenities such as access to M6, entertainment, restaurants and shopping. Video and 3D tour available below.
May 27 2020 Real Estate Update John Rice REALTOR Berkshire Hathaway HomeServices Michigan Real Estate