SE Michigan News
We talk to Ellen Mahoney, a commercial specialist, about challenges the commercial real estate market is facing like higher capital and borrowing costs and higher vacancy rates as well as what sector of the commercial market there are opportunities right now. We also discuss the impacts the lack of foot-traffic in the city means for other local businesses and how some commercial properties are being repurposed.
Click Here to Listen: https://www.spreaker.com/user/9808881/remax-9-14-23-finalmx
SE Michigan News
Just when we thought interest rates had stabilized, they shot up quickly the beginning of August 2023. It has some buyers wondering if now is still the right time to buy or should they wait. Michael Koorman from Eagle Financial joins us to discuss how interest rates and low inventory is impacting the market and why waiting doesn’t guarantee a lower mortgage payment. We also discuss next year’s election, inflation and how over 1 million existing home owners have re-financed as part of a plan to blended mortgage plan.
Click Here to Listen: https://www.spreaker.com/user/9808881/remax-8-31-23-finalmx