Carli Lovell | Sine & Monaghan, Realtors Real Living Blog

Tuesday, November 24, 2020   /   by Carli Lovell

Don't Let Buyer Competition Keep you from Purchasing a Home

Don’t Let Buyer Competition Keep You from Purchasing a Home


This year’s record-low mortgage rates sparked high demand among homebuyers. Current homeowners, however, haven’t put their houses on the market so quickly. This makes finding a home to buy today challenging for many potential buyers. With an obstacle like this, those searching for their dream homes may be pressing pause on their searches as we approach the end of the year, but that could be a big mistake for many hopeful house hunters. Here’s why. 
According to the most recent Housing Trends Report from the National Association of Home Builders (NAHB):

“The length of time spent searching for a home continues to grow.”

The report indicates that 62% of buyers now spend 3 months or more looking for a home, an increase from 58% one year ago. A primary cause for the delay is the heavy competition today’s buyers face when making an offer on ...

Read More

Tuesday, July 7, 2020   /   by Carli Lovell

Taking Advantage of Homebuying Affordability in Today's Market

Taking Advantage of Homebuying Affordability in Today’s Market







Everyone is ready to buy a home at different times in their lives, and despite the health crisis, today is no exception. Understanding how affordability works and the main market factors that impact it may help those who are ready to buy a home narrow down their optimal window of time to make a purchase.

There are three main factors that go into determining how affordable homes are for buyers:


Mortgage Rates



Mortgage Payments as a Percentage of Income



Home Prices


The National Association of Realtors (NAR), produces a Housing Affordability Index, which takes these three factors into account and determines an overall affordability score for housing. According to NAR, the index:


“…measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national and regional levels based on the most recen ...

Read More

Thursday, May 21, 2020   /   by Carli Lovell

Experts Predict Economic Recovery Should Begin in the Second Half of the Year

Experts Predict Economic Recovery Should Begin in the Second Half of the Year


One of the biggest questions we all seem to be asking these days is: When are we going to start to see an economic recovery? As the country begins to slowly reopen, moving forward in strategic phases, business activity will help bring our nation back to life. Many economists indicate a recovery should begin to happen in the second half of this year. Here’s a look at what some of the experts have to say.

Jerome Powell, Federal Reserve Chairman


“I think there’s a good chance that there’ll be positive growth in the third quarter. And I think it’s a reasonable expectation that there’ll be growth in the second half of the year…

So, in the long run, I would say the U.S. economy will recover. We’ll get back to the place we were in February; we’ll get to an even better place than that. I’m highly confident of that. A ...

Read More

Sine & Monaghan, Realtors Real Living
Grosse Pointe
18412 Mack Ave
Grosse Pointe Farms, MI 48236
313-884-7000
facebook.pnginstagram.png

Royal Oak
30574 Woodward Avenue
Royal Oak, MI 48073
248-549-7400
facebook.pnginstagram.png

Saint Clair
201 N. Riverside Avenue
Saint Clair, MI 48079
810-329-9001
facebook.pnginstagram.png

Algonac
4181 Pointe Tremble
Algonac, MI 48001
810-794-5544
facebook.pnginstagram.png

The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. .IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing and that the data is deemed reliable but not guaranteed accurate by the MLS. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. Provided through IDX through Realcomp II Ltd. Courtesy of Dean Sine - Sine and Monaghan Realtors Real Living. Copyright 2021 Realcomp II Ltd. Shareholders
This site powered by CINC: www.cincpro.com