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.
Maintaining your home is an important part of home ownership and key to the value of your home. Winter winds, snow and ice can take a toll on the exterior of your home so spring is the time to review your roof, gutters, downspouts, foundation, windows, doors and more for any damage and needed repairs. We share things to do on both the exterior and interior of your home so your home can transition for the warmer weather to come.
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.
Spring marks the unofficial start of the busy real estate season and we take a look at what to expect in 2023. We discuss if the market favors buyer or sellers and what inventory looks like now and how that is impacting open house attendance and offers being received. We also share advice for buyer and sellers in the spring market and the importance of working with the right agent.
Whether moving a parent into an assisted living facility or handling their estate, handling the sale of your parents’ home can be a time-consuming and emotional process. We discuss tips to help make the move easier for all involved as well as how remove furniture, stage the home, what medical support devices are best to be removed prior to selling the home and more.
From interest rates to what people look for in homes, the market is constantly changing. We discuss economic factors that will impact the market and the rise of single females as homeowners, what buyers are looking for in a home and why diverse schools are a positive impact in the community.
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.