Even though mortgage rates dipped below 5% this past week, they’re still higher than they were just a few short months ago. This has priced some home buyers out of the market, and caused others to take a wait-and-see approach, hoping for rates to drop back down to historically low levels. It’s u
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08/10/2022
Has COVID-19 Made Homebuyers More Eager to Buy? The coronavirus pandemic doesn’t seem to be scaring off U.S. home buyers. According to a recent survey done by LendingTree, more than half (53%) of 1006 prospective homebuyers surveyed said they were more likely to buy a home within the next 12 mo
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06/11/2020
The Benefits of a Virtual House Tour When Selling Your Farmington Hills MI Home – Most traditional open houses are on hold, and in-person home showings are limited, as people practice social distancing to help stop the spread of COVID-19.The pandemic has accelerated the demand for remote accessib
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06/02/2020
Before the pandemic hit this year, we were heading toward a busy spring season with strong economic indicators and buyers vying for a limited supply of homes. But with the pandemic sweeping across the country, we are now forced to reassess the year ahead.According to realtor.com’s Chief Economist
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05/15/2020
To say the economic news coming out lately has been disconcerting would be an understatement. Statistics concerning job losses, furloughs, and unemployment figures have pointed to upheaval in the global economy as a result of social distancing measures, which were put in place by governments to c
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05/13/2020
The coronavirus is completely changing the real estate industry, and stay-at-home orders have presented unique challenges for buyers. Not only are they unable to tour properties in person, but, in some areas, they also can’t walk around the neighborhood and get a feel for whether it’s the kind of
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05/10/2020
First-time Homebuyers: Can I Still Buy a House in Oakland County MI During Covid-19? – If you are a first-time homebuyer and were in the market to buy a home in Oakland County prior to the COVID-19 crisis, the situation has more than likely affected your original gameplan.It’s one thing to have n
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05/08/2020
With the COVID-19 pandemic causing uncertainty in the economy and housing market, some Farmington Hills home sellers are asking themselves: “should I sell my home right now or should I wait?” Some sellers are choosing to wait it out in hopes that the situation will improve in the coming months.N
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04/29/2020
Fannie Mae & Freddie Mac are extending help to millions of homeowners facing financial hardships as a result of COVID-19. Both Fannie Mae and Freddie Mac help stabilize mortgage markets and protect housing during extraordinary periods when stress or turmoil in the broader financial system threate
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04/22/2020
