Lansing Area Real Estate

Mortgage Pre-Approval in Today's Real Estate Market

noreply@blogger.com (Mike Bowler ) — Fri, 10 Feb 2023 17:48:00 +0000

One of the first steps in your homebuying journey is getting pre-approved. To understand why it’s such an important step, you need to understand what pre-approval is and what it does for you. Business Insider explains: Learn more here: https://bit.ly/3wdC7e3 Mike Bowler - Associate Broker Keller Williams Realty 6452 Millennium Dr. Lansing, MI 48917 517-755-8168 Visit My Website Mike@MikeBowler.com www.MikeBowler.blog

Buying a Home in Greater Lansing, MI in 2023?

noreply@blogger.com (Mike Bowler ) — Fri, 10 Feb 2023 17:42:00 +0000

If you’re planning to buy a home, knowing what to budget for and how to save may sound scary at first. But it doesn’t have to be. One way to take the fear out of budgeting is understanding some of the costs you might encounter. And to do that, turn to trusted real estate professionals. They can help you plan your finances and prepare your budget. Learn More Here: https://bit.ly/3SRNPnr Mike Bowler - Associate Broker Keller Williams Realty 6452 Millennium Dr. Lansing, MI 48917 517-755-8168 Visit My Website Mike@MikeBowler.com Blog: www.MikeBowler.net

Selling Your House in Today's Real Estate Market

noreply@blogger.com (Mike Bowler ) — Fri, 10 Feb 2023 17:26:00 +0000

Spring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing it’s the best time to find a home. However, that isn’t always the case when you factor in the competition you could face with other buyers at that time of year. If you’re ready to buy a home, here’s why it makes sense to move before the spring market picks up. Learn More here: https://bit.ly/3j5ISvr Mike Bowler - Associate Broker Keller Williams Realty 6452 Millennium Dr. Lansing, MI 48917 517-755-8168 Visit My Website Mike@MikeBowler.com Blog: www.MikeBowler.net

Questions I'm Getting Asked about the Real Estate Market

noreply@blogger.com (Mike Bowler ) — Thu, 10 Nov 2022 17:32:00 +0000

Down Payment Assistance Programs Can Help You Achieve Homeownership

noreply@blogger.com (Mike Bowler ) — Thu, 03 Mar 2022 20:07:00 +0000

For many homebuyers, the thought of saving for a down payment can feel daunting, especially in today’s market. That’s why, when asked what they find most difficult in the homebuying process, some buyers say it’s one of the hardest steps on the path to homeownership. Data from the National Association of Realtors (NAR) shows:

“For first-time home buyers, 29 percent said saving for a downpayment [sic] was the most difficult step in the process.”

If you’re finding that your down payment is your biggest hurdle, the good news is there are many down payment assistance programs available that can help you achieve your goals. The key is understanding where to look and learning what options are available. Here’s some information that can help.

First-Time and Repeat Buyers Are Often Eligible

According to downpaymentresource.com, there are thousands of financial assistance programs available for homebuyers, like affordable mortgage options for first-time buyers. But, of the many programs that are available, down payment assistance options make up the large majority. They say 73% of the assistance available to homebuyers is there to help you with your down payment.

And it’s not just first-time homebuyers that are eligible for these programs. Downpaymentresource.com notes:

“You don’t have to be a first-time buyer. Over 38% of all programs are for repeat homebuyers who have owned a home in the last 3 years.”

That means no matter where you are in your homeownership journey, there could be an option available for you.

There Are Local Programs and Specialized Programs for Public Servants

There are also multiple down payment assistance resources designed to help those who serve our communities. Teacher Next Door is one of those programs:

“The Teacher Next Door Program was designed to increase home ownership among teachers and other public servants, support community development and increase access to affordable housing free from discrimination.”

Teacher Next Door is just one program that seeks to help teachers, first responders, health providers, government employees, active-duty military personnel, and veterans reach their down payment goals.

And, most importantly, even if you don’t qualify for these types of specialized programs, there are many federal, state, and local programs available for you to explore. And the best way to do that is to connect with a local real estate professional to learn more about what’s available in your area.

Bottom Line

If saving for a down payment seems daunting, there are programs available that can help. And if you work to serve our community, there may be even more opportunities available to you. To learn more about your options, let’s connect so you can start your homebuying journey today.

The #1 Reason To Sell Your House Today in Greater Lansing, Michigan

noreply@blogger.com (Mike Bowler ) — Thu, 24 Feb 2022 16:23:00 +0000

Almost every industry is currently struggling with supply chain disruptions. This also applies to the current U.S. housing market, where buyer demand far exceeds housing supply.

Purchaser demand is very strong right now. The National Association of Realtors (NAR) just released their latest Existing Home Sales Report which reveals that sales surged in January. Existing home sales rose to a seasonally adjusted annual rate of 6.5 million – an increase of 6.7% from the prior month, with sales up in all regions. However, there’s one big challenge.

Inventory Is at an All-Time Low

Because purchaser demand is so high, the market is running out of available homes for sale. The above-mentioned report states that the current months’ supply of inventory of homes for sale has fallen to 1.6 months. This prompts Lawrence Yun, Chief Economist at NAR, to say:

“The inventory of homes on the market remains woefully depleted, and in fact is currently at an all-time low.”

Earlier this month, realtor.com released their inventory data for January. It helps confirm this point. Here’s a graph comparing inventory levels for January over the last six years:

As the graph shows, new listings coming on the market have decreased over the last four years (shown in blue in the graph). The graph also reveals that carry-over inventory has plummeted in recent years. This is because listings are now sold so quickly, they don’t stay on the market long enough to carry over month-to-month (shown in green in the graph). In other words, homes are not staying on the market for months as they had prior to the pandemic. In the report mentioned above, NAR reveals that:

“Seventy-nine percent of homes sold in January 2022 were on the market for less than a month.”

Odeta Kushi, Deputy Chief Economist at First American, explains it like this:

“A higher velocity of sales (lower [Days on Market]) helps to explain a housing market characterized by both higher sales & lower inventory. Many resale transactions are happening so quickly that they ‘flow’ in & then out of the ‘stock’ between the fixed monthly measurement of inventory.”

What Does This Mean for Sellers?

Anyone thinking of putting their home on the market shouldn’t wait. A seller will always negotiate the best deal when demand is high and supply is limited. That’s exactly the situation in the real estate market today.

Later this year, inventory (and by extension, your competition) will increase as many homeowners are waiting to put their homes on the market in the spring and early summer.

In addition, Len Kiefer, Deputy Chief Economist at Freddie Mac, says:

“Housing starts start off 2022 strong, just edging out 2021 for most in January since 2006.”

As these newly built homes are completed, they will also become competition for your house. This gives you a tremendous opportunity right now. Don’t wait for that increase in competition in your area. If you want to sell in 2022 and are ready to start the process, today is the day to list your house.

Bottom Line

If you’re ready to sell, let’s connect to get your house on the market while today’s inventory situation is in your favor.

Mike Bowler - Associate Broker
Keller Williams Realty
6452 Millennium Dr. Lansing, MI 48917
517-755-8168
www.MikeBowlerRealEstate.com
Mike@MikeBowler.com
Blog: www.MikeBowler.net

Download My App

https://bit.ly/MikeBowlerApp

“Home price growth is the principal driver of home equity creation.

noreply@blogger.com (Mike Bowler ) — Tue, 21 Dec 2021 15:56:00 +0000

When you think of homeownership, what’s the first thing that comes to mind? Chances are you might focus on the non-financial benefits, like the security or stability a home provides. But what about equity? While it can be overlooked, a homeowner’s equity helps build long-term wealth over time. Here’s a look at what equity is and why it matters.

For a homeowner, your equity is the current value of your home minus what you owe on the loan. So, as home values climb, your equity does too. That’s exactly what’s happening today. There aren’t enough homes on the market to meet buyer demand, so bidding wars and multiple offers are driving prices up. That’s because people are willing to pay more to buy a home. Right now, this low supply and high demand are giving current homeowners a significant equity boost.

Dr. Frank Nothaft, Chief Economist at CoreLogic, explains it like this:

“Home price growth is the principal driver of home equity creation. The CoreLogic Home Price Index reported home prices were up 17.7% for the past 12 months ending September, spurring the record gains in home equity wealth.”

To find out just how much rising home values have impacted equity, we turn to the latest Homeowner Equity Insights from CoreLogic. According to that report, the average homeowner’s equity has grown by $56,700 over the last 12 months.

Curious how your state stacks up? Check out the map below to find out the average equity gain for your area.

How Rising Equity Impacts You

If you’re already a homeowner, equity not only builds your wealth, it also opens doors for you to achieve your goals. It works like this: when you sell your house, the equity you built up comes back to you in the sale. You can use those proceeds to fuel your next move, especially if you’ve decided your needs have changed and you’re looking for something new.

If you’re thinking about becoming a homeowner, understanding the importance of equity can help you realize why homeownership is a worthwhile goal. It builds your wealth and gives you peace of mind that your investment is a wise one, not just from a lifestyle perspective, but from a financial one too.

Bottom Line

Whether you’re a current homeowner or you’re ready to become one, it’s important to know how equity works and why it matters. If this inspires you to make a move, let’s connect to explore your options and find out what steps you need to take next.

The Big Question: Should You Renovate or Move?

noreply@blogger.com (Mike Bowler ) — Wed, 13 Oct 2021 19:50:00 +0000

The last 18 months changed what many buyers are looking for in a home. Recently, the American Institute of Architects released their AIA Home Design Trends Survey results for Q3 2021. The survey reveals the following:

70% of respondents want more outdoor living space
69% of respondents want a home office (48% wanted multiple offices)
46% of respondents want a multi-function room/flexible space
42% of respondents want an au pair/in-law suite
39% of respondents want an exercise room/yoga space

If you’re a homeowner who wants to add any of the above, you have two options: renovate your current house or buy a home that already has the spaces you desire. The decision you make could be determined by factors like:

A possible desire to relocate
The difference in the cost of a renovation versus a purchase
Finding an existing home or designing a new home that has exactly what you want (versus trying to restructure the layout of your current house)

In either case, you’ll need access to capital: the funds for the renovation or the down payment your next home would require. The great news is that the money you need probably already exists in your current home in the form of equity.

Home Equity Is Skyrocketing

The record-setting increases in home prices over the last two years dramatically improved homeowners’ equity. The graph below uses data from CoreLogic to show the average home equity gain in the first quarter of the last nine years:Odeta Kushi, Deputy Chief Economist at First American, quantifies the amount of equity homeowners gained recently:

“Remember U.S. households own nearly $35 trillion in owner-occupied real estate, just over $11 trillion in debt, and the remaining ~$24 trillion in equity. In inflation adjusted terms, homeowners in Q2 had an average of $280,000 in equity- a historic high.”

As a homeowner, the money you need to purchase the perfect home or renovate your current house may be right at your fingertips. However, waiting to make your decision may increase the cost of tapping that equity.

If you decide to renovate, you’ll need to refinance (or take out an equity loan) to access the equity. If you decide to move instead and use your equity as a down payment, you’ll still need to mortgage the remaining difference between the down payment and the cost of your next home.

Mortgage rates are forecast to increase over the next year. Waiting to leverage your equity will probably mean you’ll pay more to do so. According to the latest data from the Federal Housing Finance Agency (FHFA), almost 57% of current mortgage holders have a mortgage rate of 4% or below. If you’re one of those homeowners, you can keep your mortgage rate under 4% by doing it now. If you’re one of the 43% of homeowners with a mortgage rate over 4%, you may be able to do a cash-out refinance or buy a more expensive home without significantly increasing your monthly payment.

First Step: Determine the Amount of Equity in Your Home

If you’re ready to either redesign your current house or find an existing or newly constructed home that has everything you want, the first thing you need to do is determine how much equity you have in your current home. To do that, you’ll need two things:

The current mortgage balance on your home
The current value of your home

You can probably find the mortgage balance on your monthly mortgage statement. To find the current market value of your house, you can pay several hundreds of dollars for an appraisal, or you can contact a local real estate professional who will be able to present to you, at no charge, a professional equity assessment report.

Bottom Line

If the past 18 months have refocused your thoughts on what you want from your house, now may be the time to either renovate or make a move to the perfect home.

Mike Bowler - Associate Broker
Keller Williams Realty
6452 Millennium Dr. Lansing, MI 48917
517-755-8168
www.MikeBowlerRealEstate.com
Mike@MikeBowler.com
Blog: www.MikeBowler.net

Don’t Wait To Sell Your House in Greater Lansing, Michigan

noreply@blogger.com (Mike Bowler ) — Wed, 16 Jun 2021 22:21:00 +0000

We’re in the ultimate sellers’ market right now. If you’re a homeowner thinking about selling, you have a huge advantage in today’s housing market. High buyer demand paired with very few houses for sale makes this the optimal time to sell for those who are ready to do so. Whatever the move you want to make looks like, here’s an overview of what’s creating the prime opportunity to sell this summer.

High Buyer Demand

Demand is strong, and buyers are actively searching for homes to purchase. In the Realtors Confidence Index Survey published monthly by the National Association of Realtors (NAR), buyer traffic is considered “very strong” in almost every state. Homebuyers aren’t just great in number right now – they’re also determined to find their dream home. NAR shows the average home for sale today receives five offers from hopeful buyers. These increasingly frequent bidding wars can drive up the price of your house, which is why high demand from competitive homebuyers is such a win for this summer’s sellers.

Low Inventory of Houses for Sale

Purchaser demand is so high, the market is running out of available homes for sale. Danielle Hale, Chief Economist at realtor.com, explains:

“For most sellers listing sooner rather than later could really pay off with less competition from other sellers and potentially a higher sales price... They’ll also avoid some big unknowns lurking later in the year, namely another possible surge in COVID cases, rising interest rates and the potential for more sellers to enter the market.”

NAR also reveals that unsold inventory sits at a 2.4-months’ supply at the current sales pace. This is far lower than the historical norm of a 6.0-months’ supply. Homes are essentially selling as fast as they’re hitting the market. Below is a graph of the existing inventory of single-family homes for sale:At the same time, homebuilders are increasing construction this year, but they can’t keep up with the growing demand. While reporting on the inventory of newly constructed homes, the U.S. Census Bureau notes:

“The seasonally‐adjusted estimate of new houses for sale at the end of April was 316,000. This represents a supply of 4.4 months at the current sales rate.”

What Does This Mean for You?

If you’re thinking of putting your house on the market, don’t wait. A seller will always negotiate the best deal when demand is high and supply is low. That’s exactly what’s happening in the real estate market today.

Bottom Line

As vaccine rollouts progress and we continue to see the economy recover, more houses will come to the market. Don’t wait for the competition in your neighborhood to increase. If you’re ready to make a move, now is the time to sell. Let’s connect today to get your house listed at this optimal moment in time.

Mike Bowler
Keller Williams Realty
Associate Broker
517-755-8168
www.MikeBowlerRealEstate.com
Mike@MikeBowler.com

You Thought About A Career in Real Estate? I Can Help

noreply@blogger.com (Mike Bowler ) — Thu, 12 Nov 2020 01:42:00 +0000

Real Estate Career Seminar November 11th

noreply@blogger.com (Mike Bowler ) — Sun, 08 Nov 2020 16:37:00 +0000

Home Tips by Coldwell Banker -Clear Gutters Before Winter Hits

noreply@blogger.com (Mike Bowler ) — Tue, 11 Nov 2014 23:21:00 +0000

Marketing Your Home in the Greater Lansing Area Requires a Creative REALTOR

noreply@blogger.com (Mike Bowler ) — Mon, 05 Jul 2010 20:36:00 +0000

Marketing Your home in the Greater Lansing, Michigan area requires a creative REALTOR with connections on numerous portals, websites, and search engines. Twitter, Facebook, and LinkedIn only scratch the surface. Hope you enjoy!

“Expect the Best” Mike

Mike Bowler Sr. ePRO, CRB, GRI, SRES
Coldwell Banker Hubbell Briarwood
1020 S. Creyts Road, Lansing, MI 48917
Phone: 517-492-3400 Fax: 888-832-6203
email: Mike@MikeBowler.com
Website for Clients: MikeBowler.com
Search Listings

New Law for Cell Phone Users Who Text Message in Michigan

noreply@blogger.com (Mike Bowler ) — Mon, 28 Jun 2010 20:15:00 +0000

The new Text Law in Michigan (House Bill 4294) prohibits drivers from reading, writing and sending text messages while operating a motor vehicle. The bill states:

"A person shall not read, manually type, or send a text message on a wireless 2-way communication device that is located in the person's hand or in the person's lap, including a wireless telephone used in cellular telephone service or personal communication service, while operating a motor vehicle that is moving on a highway or street in this state. "

About 2-3 weeks ago, I started pulling over to check messages and return calls, so I could get use to it. The proof of the burden will be on the driver who maybe dialing a number vs. text messaging and get pulled over. At $100.00 and $200.00 a pop, it could get expensive. "A civil infraction and shall be ordered to pay a civil fine as follows:

(a) For a first violation, $100.00.
(b) For a second or subsequent violation, $200.00."

Worst yet, you could the one who runs off the road and hits someone head on. Be careful out there, and have a safe 4th of July weekend.

“Expect the Best” Mike

Let's Reflect: What Can We Do Locally To Clean Up Things

noreply@blogger.com (Mike Bowler ) — Thu, 17 Jun 2010 23:19:00 +0000

As we experience another tragedy that hurts our beautiful country, let's reflect on things we can do here at home to look for solutions. Compliments of http://www.youtube.com/user/envirodefensefund

“Expect the Best” Mike

Five Great Summer Outdoor Tips for Greater Lansing Michigan Homeowners

noreply@blogger.com (Mike Bowler ) — Thu, 03 Jun 2010 17:55:00 +0000

Landscaping for Curb Appeal
A well-landscaped yard creates curb appeal and helps your property retain maximum value. Read
7 Gardening Mistakes to Avoid
Novice gardeners can get their landscapes off to a healthy start by heeding some tried-and-true tips from the pros. Read
Lawn Maintenance Calendar
Regular lawn maintenance gives your home maximum curb appeal and preserves the value of your property. Read
Save Money with Your Edible Garden
An edible garden featuring vegetables and herbs can save you a bundle if you keep it simple and raise plants that offer high yields. Read
10 Tips for Saving Money in the Garden
Smart landscaping strategies can save you money while they add to the curb appeal and value of your home. Read

Visit houselogic.com for more articles like this.

“Expect the Best” Mike

A Profound Introduction of the Pledge of Allegiance - Memorial Day Weekend 2010

noreply@blogger.com (Mike Bowler ) — Fri, 28 May 2010 17:21:00 +0000

What a profound introduction of the Pledge of Allegiance to our flag led by James T. Elcock, Ph.D., President of the St. Charles County Association of REALTORS® Commercial Division, in Missouri. From the NAR Board of Directors meeting on May 15, 2010. Addressed to REALTORS with our purpose in mind, this could apply to all as we reflect this Memorial Day weekend. Have a safe and blessed holiday.

“Expect the Best” Mike

State of the Real Estate Market as Seen on Fox December 2009 Great Points

noreply@blogger.com (Mike Bowler ) — Thu, 13 May 2010 22:35:00 +0000

Coldwell Banker CEO Jim Gillespie stops by 'The Strategy Room' to talk about the real estate market

Three Topics to Discuss With Your REALTOR Before Listing Your Home

noreply@blogger.com (Mike Bowler ) — Wed, 12 May 2010 15:58:00 +0000

Three Topics to Discuss With Your REALTOR Before Listing Your Home in the Greater Lansing real estate market will either get you what you need to sell your house or keep you looking for the right agent to sell your house in today's market.

“Expect the Best” Mike

Why Internet Marketing is Important for Your Home in Greater Lansing, Michigan Area

noreply@blogger.com (Mike Bowler ) — Sat, 01 May 2010 14:49:00 +0000

Real estate transactions are complex, involve large assets and demand competent representation. My goal is to provide you with the latest marketing systems, technology and a high level of customer satisfaction to get you happily moved into your new home or to sell your existing home. Review the slides and feel free to contact me f you have questions.
Email: Mike@MikeBowler.com

Pt2 listing presentation

View more presentations from Mike Bowler Sr..

Greater Lansing Michigan Events Summer 2010

noreply@blogger.com (Mike Bowler ) — Sun, 25 Apr 2010 02:49:00 +0000

There plenty of exciting events going on, in and around the Greater Lansing Michigan area this summer. Visit the SlideShare Presentation and mark your calendars for some of these local festivals, celebrations, and family affairs:

Greater Lansing Michigan Events 2010

View more presentations from Mike Bowler Sr..

Mike Bowler Sr. ePRO, CRB, GRI, SRES
Coldwell Banker Hubbell Briarwood
1020 S. Creyts Road, Lansing, MI 48917
Phone: 517-492-3400 Fax: 888-832-6203
email: Mike@MikeBowler.com
Search Listings

Zillow for iPad Adds Just One More Cool Tool for Real Estate

noreply@blogger.com (Mike Bowler ) — Sun, 04 Apr 2010 21:36:00 +0000

The real estate industry has gone through a tremendous paradigm shift over the past 5-10 years, including the Greater Lansing real estate market. Here's one bold real estate browsing experience built specifically for the iPad's interactive multi-touch device.

Most savvy real estate agents are staying abreast to Web2-3 functions that allow our consumers to have a better user experience and get all of the information they need from us. Examples include searching for homes, community information, calculators, demographics, customer testimonials, real estate news, ancillary services, and instant communication, to name a few.

"Expect the Best" Mike

Mike Bowler Sr. ePRO, CRB, GRI, SRES
Coldwell Banker Hubbell Briarwood
1020 S. Creyts Road, Lansing, MI 48917
Phone: 517-492-3400 Fax: 888-832-6203
email: Mike@MikeBowler.com

Search Listings

8 Reasons Why You Should Work With a REALTOR® in the Greater Lansing Real Estate Market

noreply@blogger.com (Mike Bowler ) — Fri, 26 Mar 2010 20:14:00 +0000

8 Reasons Why You Should Work With a REALTOR® in the Greater Lansing Real Estate Market.

Not all real estate practitioners are REALTORS®. The term REALTOR® is a registered trademark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION of REALTORS® and subscribes to its strict Code of Ethics. Here are five reasons why it pays to work with a REALTOR®.

1. Navigate a complicated process. Buying or selling a home usually requires disclosure forms, inspection reports, mortgage documents, insurance policies, deeds, and multipage settlement statements. A knowledgeable expert will help you prepare the best deal, and avoid delays or costly mistakes.

2. Information and opinions. REALTORS® can provide local community information on utilities, zoning, schools, and more. They’ll also be able to provide objective information about each property. A professional will be able to help you answer these two important questions: Will the property provide the environment I want for a home or investment? Second, will the property have resale value when I am ready to sell?

3. Help finding the best property out there. Sometimes the property you are seeking is available but not actively advertised in the market, and it will take some investigation by your REALTOR® to find all available properties.

4. Negotiating skills. There are many negotiating factors, including but not limited to price, financing, terms, date of possession, and inclusion or exclusion of repairs, furnishings, or equipment. In addition, the purchase agreement should provide a period of time for you to complete appropriate inspections and investigations of the property before you are bound to complete the purchase. Your agent can advise you as to which investigations and inspections are recommended or required.

5. Property marketing power. Real estate doesn’t sell due to advertising alone. In fact, a large share of real estate sales comes as the result of a practitioner’s contacts through previous clients, referrals, friends, and family. When a property is marketed with the help of a REALTOR®, you do not have to allow strangers into your home. Your REALTOR® will generally prescreen and accompany qualified prospects through your property.

6. Someone who speaks the language. If you don’t know a CMA from a PUD, you can understand why it’s important to work with a professional who is immersed in the industry and knows the real estate language.

7. Experience. Most people buy and sell only a few homes in a lifetime, usually with quite a few years in between each purchase. Even if you have done it before, laws and regulations change. REALTORS®, on the other hand, handle hundreds of real estate transactions over the course of their career. Having an expert on your side is critical.

8. Objective voice. A home often symbolizes family, rest, and security — it’s not just four walls and a roof. Because of this, home buying and selling can be an emotional undertaking. And for most people, a home is the biggest purchase they’ll every make. Having a concerned, but objective, third party helps you stay focused on both the emotional and financial issues most important to you.

“Expect the Best” Mike

Real Estate Market Update March 16, 2010 Greater Lansing, Michigan

noreply@blogger.com (Mike Bowler ) — Tue, 16 Mar 2010 23:21:00 +0000

The greater Lansing Association of Realtors YTD stats were shared today at the general sales meeting of Coldwell Banker Hubbell BriarWood who meet once a month for industry updates, programs, and financial mews. The Greater Lansing Real estate market has positive numbers adding up as we near the expiration date (April 30th) of the home buyer tax credit. A whopping 21.89% increase over last year for volume and 16.76% increase in average sale price. Interest rates are at 5.15% today.

Two of the positive signs shared by Matt Bowler, general Sales manager were average sale price in residential increasing to $94,755.00 up 14% over last year and Residential Market Surplus at 11.25 months down over last year. What that means to sellers is that right now there is less competition on the market and pricing has somewhat stabilized compared to the big drop in pricing in 2009.

If you are interested in learning more about marketing your home in the greater Lansing real estate market and determining if now is the right time for you, feel free to contact me for a no obligation review of your current real estate wants and needs.

"Expect the Best" Mike

Who Buys The Home Men or Women? Plus Some in Lansing, Michigan

noreply@blogger.com (Mike Bowler ) — Sat, 13 Mar 2010 21:01:00 +0000

Coldwell Banker Real Estate LLC did a survey on the real estate differences between men and women. This video takes the survey to the streets to get live reactions from both genders.

Mike Bowler Sr. ePRO, CRB, GRI, SRES
Coldwell Banker Hubbell Briarwood
1020 S Creyts Rd. Lansing, MI 48917
517-492-3400

Lansing Area Real Estate

Mortgage Pre-Approval in Today's Real Estate Market

Buying a Home in Greater Lansing, MI in 2023?

Selling Your House in Today's Real Estate Market

Questions I'm Getting Asked about the Real Estate Market

Down Payment Assistance Programs Can Help You Achieve Homeownership

First-Time and Repeat Buyers Are Often Eligible

There Are Local Programs and Specialized Programs for Public Servants

Bottom Line

The #1 Reason To Sell Your House Today in Greater Lansing, Michigan

Inventory Is at an All-Time Low

What Does This Mean for Sellers?

Bottom Line

“Home price growth is the principal driver of home equity creation.

How Rising Equity Impacts You

Bottom Line

The Big Question: Should You Renovate or Move?

Home Equity Is Skyrocketing

First Step: Determine the Amount of Equity in Your Home

Bottom Line

Don’t Wait To Sell Your House in Greater Lansing, Michigan

High Buyer Demand

Low Inventory of Houses for Sale

What Does This Mean for You?

Bottom Line

You Thought About A Career in Real Estate? I Can Help

Real Estate Career Seminar November 11th

Home Tips by Coldwell Banker -Clear Gutters Before Winter Hits

Marketing Your Home in the Greater Lansing Area Requires a Creative REALTOR

New Law for Cell Phone Users Who Text Message in Michigan

Let's Reflect: What Can We Do Locally To Clean Up Things

Five Great Summer Outdoor Tips for Greater Lansing Michigan Homeowners

Landscaping for Curb Appeal

7 Gardening Mistakes to Avoid

Lawn Maintenance Calendar

Save Money with Your Edible Garden

10 Tips for Saving Money in the Garden

A Profound Introduction of the Pledge of Allegiance - Memorial Day Weekend 2010

State of the Real Estate Market as Seen on Fox December 2009 Great Points

Three Topics to Discuss With Your REALTOR Before Listing Your Home

Why Internet Marketing is Important for Your Home in Greater Lansing, Michigan Area

Greater Lansing Michigan Events Summer 2010

Zillow for iPad Adds Just One More Cool Tool for Real Estate

8 Reasons Why You Should Work With a REALTOR® in the Greater Lansing Real Estate Market

Real Estate Market Update March 16, 2010 Greater Lansing, Michigan

Who Buys The Home Men or Women? Plus Some in Lansing, Michigan