Archive | Real Estate Updates

For Sale: Caledonia Schools 1610 Sunny Glen

1610 Sunny Glen Drive SE, Caledonia, MI 49316

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.

John Rice Earns PSA Designation

John Rice, Broker Associate and REALTOR with Berkshire Hathaway HomeServices Michigan Real Estate has earned the The Pricing Strategy Advisor (PSA) certification. The focus of the PSA certification is to deepen the knowledge and skills set for pricing properties and working through complicated property cases with appraisers. Enhancing pricing skills and practices when advising and serving each buyer and seller.

For Sale: East Grand Rapids 905 Cambridge

East Grand Rapids at its finest. This timeless Tudor presents the pinnacle of custom quality, beauty and craftsmanship. Rare custom features such as the slate roof, solid walnut doors and the hand-cut herringbone end-cut block floor showcase the attention to detail throughout this incredible floor plan. Updated with inviting warm colors that showcase the plaster relief ceilings and highlight special details such as the hand carved stone fireplace, cast cornices, and crown moulding. Modern luxuries can be found throughout the home. The 3 stall garage features epoxy floor and finished walls maximizing the space for best use and organization. The half acre double lot offers the perfect mix of sun and shade, with outdoor sitting areas offering a relaxing and private backyard experience. East Grand Rapids at its finest. This timeless Tudor presents the pinnacle of custom quality, beauty and craftsmanship. Rare custom features such as the slate roof, solid walnut doors and the hand-cut herringbone end-cut block floor showcase the attention to detail throughout this incredible floor plan. Updated with inviting warm colors that showcase the plaster relief ceilings and highlight special details such as the hand carved stone fireplace, cast cornices, and crown moulding. Modern luxuries can be found throughout the home. The master suite features a spacious walk-in master closet, heated tile floors, custom tile shower and jet tub. The well-appointed kitchen lets the light shine with ample cabinets and pull out drawers finished in warm satin white, tile floor with complementing granite countertops, double ovens, cook top, Sub-Zero refrigerator, pantry and additional storage spaces. The 3 stall garage features epoxy floor and finished walls maximizing the space for best use and organization. True Tudor touches define every inch such as the Four-centred archways and cantilevered second story, exquisite details in the brick and stone, copper gutters, slate patio and decorative garden parapet. Notice the upper level diamond brick pattern and the complementing diamond window mullions, positioned perfectly to soak in the rising sun. The half acre lot offers the perfect mix of sun and shade, with outdoor sitting areas offering a relaxing and private backyard experience. Impeccably maintained this home offers the smooth transition of ownership you desire.

For Sale: 1358 Oriole Court SW, Wyoming, MI 49509

Location, location, location! This excellent ranch located on the quite cul-de-sac of Oriole Ct, is right next to the 12.5 acre Oriole Park featuring tennis courts, basketball, splash pad, walking trails, playground and more. Enjoy 3 Bedrooms, finished basement, 2 fireplaces, fenced backyard, garage, sidewalks and more! A few of the more recent updates include: newer furnace, newer water heater, and updated electrical. Easy access to major highways, only a few minutes to downtown Grand Rapids and Tanger Outlets. Right down the road from Rivertown Mall, restaurants, movie theater, shopping and entertainment. Schedule your time to see this one today!

For Sale: Grand Rapids NE Side 2265 Thistledowne NE

The perfect combination of location and floor plan you’ve been looking for! This 3 bedroom 2 full bath home with open floor plan offers living room cathedral ceilings and fireplace, finished walkout basement, loads of natural light, 2 stall attached garage, main floor master, wonderful backyard, cul-de-sac street and sidewalks! Close to many desirable amenities including near Knapp Corner shopping and entertainments, restaurants, Huff Park, only 15 minutes to downtown, easy access to main highways. Schedule your tour today!

For Sale: Grandville Schools – 5334 Debbie Ct

This is the location and floor plan you’ve been looking for…This exceptional 2 story features 3 bedrooms 2.5 baths modernized in today’s hottest color pallet, with updated flooring, incredible cathedral ceilings, inviting living room fireplace, private fenced in yard, featuring play equipment, large deck, shade trees, under ground sprinkling, storage shed and a lot that runs 271′ feet deep to the meandering creek. The quiet cul-de-sac street offers sidewalks, and connecting developments allowing for excellent walking and biking riding and connection to the Kent Trails. The convenient location offers easy access to Grandville schools, the Rivertown mall, shopping, entertainment, dining and easy access to major highways. Virtual tour and video walk through available in the photos section. NOTE: DEEP lot goes beyond the fence to the creek

A Good Look At The Numbers And The Next Step…

A good look at the numbers and the next step…

Last Friday, the Bureau of Labor Statistics (BLS) released its latest jobs report. It revealed that the economic shutdown made necessary by COVID-19 caused the unemployment rate to jump to 14.7%. Many anticipate that next month the percentage could be even higher. These numbers represent the extreme hardship so many families are experiencing right now. That pain should not be understated.

However, the long-term toll the pandemic will cause should not be overstated either. There have been numerous headlines claiming the current disruption in the economy is akin to the Great Depression, and many of those articles are calling for total Armageddon. Some experts are stepping up to refute those claims.

In a Wall Street Journal (WSJ) article this past weekend, Josh Zumbrun, a national economics correspondent for the Journal explained:

“News stories often describe the coronavirus-induced global economic downturn as the worst since the Great Depression…the comparison does more to terrify than clarify.”

Zumbrun goes on to explain:

“From 1929 to 1933, the economy shrank for 43 consecutive months, according to contemporaneous estimates. Unemployment climbed to nearly 25% before slowly beginning its descent, but it remained above 10% for an entire decade…This time, many economists believe a rebound could begin this year or early next year.”

Here is a graph comparing current unemployment numbers (actual and projected) to those during the Great Depression:Unemployment Report: No Need to Be Terrified | Simplifying The MarketClearly, the two unemployment situations do not compare.

What makes this time so different?

This was not a structural collapse of the economy, but instead a planned shutdown to help mitigate the virus. Once the virus is contained, the economy will immediately begin to recover. This is nothing like what happened in the 1930s. In the same WSJ article mentioned above, former Federal Reserve Chairman Ben Bernanke, who has done extensive research on the depression in the 1930s, explained:

“The breakdown of the financial system was a major reason for both the Great Depression and the 2007-09 recession.” He went on to say that today – “the banks are stronger and much better capitalized.”

What about the families and small businesses that are suffering right now?

The nation’s collective heart goes out to all. The BLS report, however, showed that ninety percent of the job losses are temporary. In addition, many are getting help surviving this pause in their employment status. During the Great Depression, there were no government-sponsored unemployment insurance or large government subsidies as there are this time.

Today, many families are receiving unemployment benefits and an additional $600 a week. The stimulus package is helping many companies weather the storm. Is there still pain? Of course. The assistance, however, is providing much relief until most can go back to work.

Bottom Line

We should look at the current situation for what it is – a predetermined pause placed on the economy. The country will recover once the pandemic ends. Comparisons to any other downturn make little sense. Bernanke put it best:

“I don’t find comparing the current downturn with the Great Depression to be very helpful. The expected duration is much less, and the causes are very different.”


Source: Michigan Real Estate Updates

Will Home Values Appreciate or Depreciate in 2020?

Will Home Values Appreciate or Depreciate in 2020?

Will Home Values Appreciate or Depreciate in 2020? | Simplifying The Market

With the housing market staggered to some degree by the health crisis the country is currently facing, some potential purchasers are questioning whether home values will be impacted. The price of any item is determined by supply as well as the market’s demand for that item.

Each month the National Association of Realtors (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for the REALTORS Confidence Index.

Their latest edition sheds some light on the relationship between seller traffic (supply) and buyer traffic (demand) during this pandemic.

Buyer Demand

The map below was created after asking the question: “How would you rate buyer traffic in your area?”The darker the blue, the stronger the demand for homes is in that area. The survey shows that in 34 of the 50 U.S. states, buyer demand is now ‘strong’ and 16 of the 50 states have a ‘stable’ demand.

Seller Supply

The index also asks: “How would you rate seller traffic in your area?”As the map above indicates, 46 states and Washington, D.C. reported ‘weak’ seller traffic, 3 states reported ‘stable’ seller traffic, and 1 state reported ‘strong’ seller traffic. This means there are far fewer homes on the market than what is needed to satisfy the needs of buyers looking for homes right now.

With demand still stronger than supply, home values should not depreciate.

What are the experts saying?

Here are the thoughts of three industry experts on the subject:

Ivy Zelman:

“We note that inventory as a percent of households sits at the lowest level ever, something we believe will limit the overall degree of home price pressure through the year.”

Mark Fleming, Chief Economist, First American:

“Housing supply remains at historically low levels, so house price growth is likely to slow, but it’s not likely to go negative.”

Freddie Mac:

“Two forces prevent a collapse in house prices. First, as we indicated in our earlier research report, U.S. housing markets face a large supply deficit. Second, population growth and pent up household formations provide a tailwind to housing demand.”

Bottom Line

Looking at these maps and listening to the experts, it seems that prices will remain stable throughout 2020. If you’re thinking about listing your home, let’s connect to discuss how you can capitalize on the somewhat surprising demand in the market now.


Source: Michigan Real Estate Updates