Tag Archives | #homebuyer

    Incredible Waterfront Contemporary

    Property Description

    Experience the best waterfront living in Grand Rapids. This gorgeous contemporary has been masterfully remodeled down to the studs to showcase majestic views of Thornapple River, unparalleled by any other stretch of the river. Located in the award winning Forest Hills Schools, this 4 bedroom, 4.5 bath home features all of the latest luxuries you desire in your new home. Custom gourmet kitchen with open floor plan and views into the dining area, large kitchen bar, living room with fireplace, large deck, and beyond over the water. This home is built to enjoy and entertain, featuring surround sound throughout, multiple built-in wet-bars, 3 private suites, and a 4th lower level bedroom and full bath combination.

    Tour this home in 3D now:

    6577 Burger Details

     

    Move-in Ready Home – 4175 Norman

    Wow! You are going to love this completely renovated, move-in ready home. BRAND NEW: All new kitchen with new kitchen cabinets, ceramic tiles (kitchen, dining, bathroom, tub, hallway), back splash, all new stainless appliances, professionally refinished hardwood floors, exterior and interior new paint, new carpet in the lower level, new driveway concrete, new landscaping/mulch, updated lighting, all new bathroom cabinets. Additionally within the last 2 years: installed new Trane furnace, new roof, and new deck. The wonderful backyard is fenced in and offers a large shed – perfect for storage or convert it into a outside entertainment area. Excellent location with easy access to shopping, dining, entertainment, and highways.

    4175 NORMAN DETAILS

    Why Is The News Saying Existing Home Sales Are Down?

    Why Is The News Saying Existing Home Sales Are Down?

    Why are Existing Home Sales Down? | Simplifying The Market

    The latest Existing Home Sales Report issued by the National Association of Realtors (NAR) revealed that home sales have decreased for four consecutive months and are at their slowest pace in over two years. This has some industry leaders puzzled considering the fact that the economy is strengthening, unemployment is down, and wages are beginning to rise. This begs the question: “Where are the buyers?”

    Actually, agents in the field of most communities are still seeing strong desire from prospective purchasers. They have a list of potential buyers ready to go if the right houses come on the market and they claim it is not a shortage of demand, but is instead a shortage of inventory that is causing the market to soften.

    Why is there a shortage of inventory?

    You only need to look at the graph below to understand:

    Why are Existing Home Sales Down? | Simplifying The Market

    New construction sales over the last ten years are far below historic numbers from 1995-2002.

    A recent industry report looked at building permits and concluded:

    “If construction over the past decade matched historic norms, accounting for population change, the country would have had 2.3 million more single-family home permits.”

    That decade of not building enough homes is the primary reason for the concerns about today’s market.

    Wait, weren’t we talking about ‘existing’ home sales?

    Some may argue that NAR’s sales report deals with existing home sales and not new construction, and they would be correct. However, reports have shown that one of the main reasons why existing homeowners are not selling is because they can’t find homes that meet the needs of their current lifestyles. Historically, the upgrades in a newly constructed home were the answers to those needs.

    Over the last decade, however, there were fewer homes built to satisfy this move-up seller. Consequently, there are many homeowners who stayed in their homes for a longer tenure, instead of putting their homes up for sale.

    Bottom Line

    As more new homes are being built, there will be more housing inventory to satisfy current demand which will cause prices to moderate and sales volumes to increase.

    Curious about the best MOVE for your needs? Message us and we can review the best potential options.

    MESSAGE JOHN

    Source: Michigan Real Estate Updates