![Buyers Are Looking for Your Home, Now [INFOGRAPHIC]](https://johnricerealtor.com/wp-content/uploads/2018/12/20181221-Share-STM-1.jpg "Buyers Are Looking for Your Home, Now [INFOGRAPHIC]")
Buyers Are Looking for Your Home, Now [INFOGRAPHIC] Some Highlights: Existing home sales are currently at an annual pace of 5.32 million and have increased on a monthly basis for the last two months. The inventory of existing homes for sale remains below the 6-months needed for a normal market
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.
How New Mortgage Standards Are Helping Real estate is shifting to a more normal market; the days of national home appreciation topping 6% annually are over and inventories are increasing which is causing bidding wars to almost disappear. Some see these as signs that the market will soon come tumbling
2019- Cheers To You Increasing Your Wealth Everyone should realize that unless you are living somewhere rent-free, you are paying a mortgage – either yours or your landlord’s. Buying your own home provides you with a form of ‘forced savings’ that allows you to use your monthly housing costs to
Home Ownership Equity Rising Shows Stability and Progress Over the last six years, we have experienced strong price appreciation which has increased home equity levels dramatically. As the number of “cash-out” refinances begins to approach numbers last seen during the crash, some are afraid that we may be repeating last
![The Tale of Two Markets [INFOGRAPHIC]](https://johnricerealtor.com/wp-content/uploads/2018/12/20181207-Share-STM-1.jpg "The Tale of Two Markets [INFOGRAPHIC]")
The Tale of Two Markets [INFOGRAPHIC] Some Highlights: An emerging trend for some time now has been the difference between available inventory and demand in the premium and luxury markets and that in the starter and trade-up markets and what those differences are doing to prices! Inventory continues to rise
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