What Do Supply and Demand Tell Us About Today’s Housing Market? There’s a well-known economic theory – the law of supply and demand – that explains what’s happening with prices in the current real estate market. Put simply, when demand for an item is high, prices rise. When the
Michigan Real Estate News
Welcome to Michigan Real Estate News brought you by John Rice REALTOR Berkshire Hathaway HomeServices Michigan Real Estate for the Greater Grand Rapids and West Michigan Areas. Here you will find articles, data, videos and more relating to the local real estate market trends and the impact of national trends on our region.
The Main Key To Understanding the Rise in Mortgage Rates Every Thursday, Freddie Mac releases the results of their Primary Mortgage Market Survey which reveals the most recent movement in the 30-year fixed mortgage rate. Last week, the rate was announced as 3.01%. It was the first time in
Early October is the Sweet Spot for Buyers Are you looking to buy a home? If so, we’ve got good news for you. While there’s no denying the housing market is having a great year, many of the headlines are focused on the perks for sellers. But what about
![Reasons Renters Buy [INFOGRAPHIC]](https://johnricerealtor.com/wp-content/uploads/2021/10/WHY-BUY-INFOGRAPHIC-JOHN-RICE-REALTOR-940x788.png "Reasons Renters Buy [INFOGRAPHIC]")
Reasons Renters Buy [INFOGRAPHIC] Some Highlights When deciding whether you should rent or buy, make sure you’re considering these factors. Buying a home means consistent monthly payments. Homeownership also helps to build your wealth. And owning a home gives you greater flexibility than renting. If you’re ready to take
As Home Equity Rises, So Does Your Wealth Homeownership is still a crucial part of the American dream. For those people who own a home (and those looking to buy one), it’s clear that being a homeowner has considerable benefits both emotionally and financially. In addition to long-term stability, buying
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