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.
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.
With current interest rates and inflation pressures, some first-time buyers are pooling resources with a friend to buy a home. We discuss the financial benefits of splitting the costs of the home purchase as well as subsequent upkeep and repair of the home as well as the need to determine up front what happens when one party is ready to move out and the tough questions you need to address to be sure you and your friend are a good fit for co-home ownership.
June is Parade of Homes month and we share how to take advantage of the opportunities that are part of this popular event. Supply chain, labor force, zoning, and interest rates are all items that home builders are navigating today and we discuss all these with Forrest Wall, CEO of the Homebuilders Association of SE Michigan and what this means for those looking to purchase a new construction home.
A thorough spring cleaning of your home is important to keep your home fresh and in good condition, and if you are planning to sell your home soon this is a great first step to prepare your home for showings. We share tips for things to do in each major room in your home as well as list of items to have handy for this process.
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A local non-profit wants your no longer needed and gently used mattress, box springs, sofa, dining room table and other essential items. We talk to Robert Boyle, Executive Director of the Furniture Bank of Southeastern Michigan, about the high demand for furniture donations to help local families in need. He shares how your tax-deductible donation helps others have a stable and comfortable home and how your furniture can be picked up for free or for a small fee professional movers can remove donated items for you.
There is no place like home for the holidays, but the holiday season triggers a rise in home fires and other accidents around your home that you want to avoid. We share tips to help you prevent a fire in your kitchen and throughout the rest of your home due to candles or the fireplace. We discuss how to keep elderly guests safe in your home, how to avoid your Christmas tree catching fire and ways to make your home look occupied if you are traveling over the holidays.
The Fall season is a timely reminder to take care of important home repairs and maintenance to protect the investment you have made in your home and avoid future repairs. We discuss what to look for from the roof to your foundation and share how to test your deck to see if it needs to be resealed. On the inside we discuss furnace, fire safety and how proper humidity levels can help your home feel warmer.
Your home is more than just a valuable asset, so you want to be sure it is properly protected. We discuss the importance to have rebuild and replacement coverage, why endorsements may be needed to adequately cover additional belongings like jewelry and the two types of issues that can occur and what’s different about protecting items in your basement. We also share how teenagers and pets can increase your liability and how many claims can be filed before it impacts premiums or ability to get coverage.