Housing Inventory Hits New Low

by HOLLY HURD

U.S. Housing Inventory Hits a New Low…

List Your House TODAY!

Every summer, families across the country decide if this will
 be the year they sell their 

current house and move into their dream home.

Mortgage rates have hovered around 4% for all of 2017, forcing
 buyers off the fence and into 

the market, resulting in incredibly strong demand RIGHT NOW!! At the same

 time, inventory levels of homes for sale have dropped dramatically
 as compared to this time last year.

Trulia reported that “U.S. home inventory has tumbled 8.9% over the past year 

and has now fallen for nine consecutive quarters.” There is now
 20% less inventory than there was five years ago.

Here is a chart showing the decrease in inventory levels by category:

Bottom Line

Demand for your home is very strong right now while
 your competition (other homes for sale) is 

at a historically low level. If you are thinking of
 selling in 2017, now may be the perfect time.

Holly Hurd~
Is a REALTOR with Berkshire Hathaway Home Services
Northville, Michigan 48167
#1 Firm in MICHIGAN
hollyhurd@hotmail.com
Sell / Buy a home in Northville,Michigan register today at:
www.Northvillehomes4sale.net
Holly Hurd ~
Living in the Northville, Michigan area for 40+ years , Holly Hurd is 
graduate of Northville High School, Schoolcraft College, Michigan State 
then raising her own family here Holly Hurd has first hand
 knowledge and knows the area quite well.

Please feel free to contact her for all your real estate needs
 #homerocks#YourHomeNorthville Michigan Real Estate Homes
 for sale in Northville Michigan Northville, Mi. 48167 #realtor 
#realestate#realestatemarket #realestateforsalemi #hometown 
#hollyhurd #home#homesforsale #historicnorthville
 #buy #buyingahome#buildingahome #buyrealestate
 #condo #northvillemi #sellyourhome#sellingyourhome 
#smalltown #shop #bhhs
 #berkshirehathaway#moveinmichigan 
#greattimetobuy #puremichigan #SOLD 

4 Reasons to Buy Your Dream Home This Winter

by HOLLY HURD

As the temperature in many areas of the country starts to cool down, you might think that the housing market will do the same. This couldn’t be further from the truth! Here are 4 reasons you should consider buying your dream home this winter instead of waiting for spring!

1. Prices Will Continue to Rise

CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.3% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.2% over the next year.

The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates are Projected to Increase

Your monthly housing cost is as much related to the price you pay for your home as it is to the mortgage interest rate you secure.

Freddie Mac’s Primary Mortgage Market ,shows that interest rates for a 30-year mortgage are currently at 4.08%. The Mortgage Bankers Association, Fannie Mae, Freddie Mac & the National Association of Realtors are in unison, projecting that rates will increase by this time next year.

An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.

3. Either Way You’re Paying a Mortgage

There are some renters who have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage - either yours or your landlord’s.

As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to have equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity.

Are you ready to put your housing cost to work for you?

4. It’s Time to Move on with Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

But what if they weren’t? Would you wait?

Look at the actual reason you are buying and decide whether it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer or you just want to have control over renovations, maybe now is the time to buy.

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.

Holly Hurd~
Is a REALTOR with Berkshire Hathaway Home Services
Northville, Michigan 48167
#1 Firm in MICHIGAN
hollyhurd@hotmail.com
Sell / Buy a home in Northville,Michigan register today at:
www.Northvillehomes4sale.net
Holly Hurd ~
Living in the Northville, Michigan area for 40+ years , Holly Hurd is graduate of Northville High School, Schoolcraft College, Michigan State then raising her own family here Holly Hurd has first hand knowledge and knows the area quite well.
Please feel free to contact her for all your real estate needs #homerocks#YourHomeNorthville Michigan Real Estate Homes for sale in Northville Michigan Northville, Mi. 48167 #realtor #realestate#realestatemarket #realestateforsalemi #hometown #hollyhurd #home#homesforsale #historicnorthville #buy #buyingahome #buildingahome#buyrealestate #condo #northvillemi #sellyourhome #sellingyourhome#smalltown #shop #bhhs #berkshirehathaway #moveinmichigan#greattimetobuy #puremichigan #SOLD

Great Reasons to Sell Your Home NOW - During the Holiday Season

by HOLLY HURD

Every year as we head into the holiday season from Thanksgiving to New Year, many homeowners decide to wait to put their homes on the market for the first time, while others who already have their homes on the market decide to take them off until after the holidays. Here are six great reasons not to wait:

1. Relocation buyers are out there. Companies are not concerned with holiday time and if the buyers have kids, they want them to get into school by January 1. 

2. Purchasers who are looking for a home during the holidays are not tire kickers.  They are serious buyers and are ready to buy.

3. You can restrict the showings on your home to the times you want it shown. You will remain in control.

4. Homes show well when decorated tastefully for the holidays.  This is probably not the year for the live nativity on your front lawn, but a wreath and an appropriately sized tree make a home warmer. 

5. There is less competition for you as a seller right now. 

6. The supply of listings increases substantially after the holidays. Also, in many parts of the country, new construction will continue to surge reaching new heights in 2017, which will lessen the demand for your house.

7. The interest rates have finally started to move.  Any increase in the interest rate either increases the amount of the monthly mortgage payment for the buyer or reduces the price they are willing to pay for your home.  The Fed is threatening to raise rates in December. Don't wait till the spring and get less than you expected for your home. 

Holly Hurd~
Is a REALTOR with Berkshire Hathaway Home Services
Northville, Michigan 48167
#1 Firm in MICHIGAN
hollyhurd@hotmail.com
Sell / Buy a home in Northville,Michigan register today at:
www.Northvillehomes4sale.net
Holly Hurd ~
Living in the Northville, Michigan area for 40+ years , Holly Hurd is graduate of Northville High School, Schoolcraft College, Michigan State then raising her own family here Holly Hurd has first hand knowledge and knows the area quite well.
Please feel free to contact her for all your real estate needs #homerocks#YourHomeNorthville Michigan Real Estate Homes for sale in Northville Michigan Northville, Mi. 48167 #realtor #realestate#realestatemarket #realestateforsalemi #hometown #hollyhurd #home#homesforsale #historicnorthville #buy #buyingahome #buildingahome#buyrealestate #condo #northvillemi #sellyourhome #sellingyourhome#smalltown #shop #bhhs #berkshirehathaway #moveinmichigan#greattimetobuy #puremichigan #SOLD

Knowing When You are Ready to Sell Your Home

You know you are ready to sell your home when...

you no longer call it home but "this 'ol house". Sometimes a seller can become a hindrance to the sale of their house by clinging to their home. Perhaps it was your first home or your children were born there or... the list can be long.

One of the best recommendations for sellers is to begin disassociating from the house. It is always best to start thinking of it as a house and not home. Mentally pack up the memories and begin planning the new ones you will make in your new home. Physically packing up the memoirs and pictures can help significantly.

Are you ready to sell your home house? Contact a local real estate agent like me Holly Hurd that knows your neighborhood to help you plan the process of selling and buying houses. And start making plans for your new home.

~ Holly Hurd~ 
Is a REALTOR with Coldwell Banker Weir Manuel
in Northville, Michigan 48167 
#1 Firm in MICHIGAN 

hollyhurd@hotmail.com

Sell / Buy a home in Northville,Michigan register today at

www.Northvillehomes4sale.net

Holly Hurd ~Living in the Northville, Michigan area for 40+ years , Holly Hurd is graduate of Northville High School, Schoolcraft College, Michigan State then raising her own family here Holly Hurd has first hand knowledge and knows the area quite well Please feel free to contact her for all your real estate needs #homerocks #YourHome 

Northville Michigan Real Estate
Homes for sale in Northville Michigan Northville, Mi. 48167

#bombogenesis #realtor #realestate #reaestatemarket#realestateforsalemi #hometown #hollyhurd #home#homesforsale #historicnorthville #buy #buyingahome#buildingahome #buyrealestate #condo #coldwellbanker#northville #northvillemi #sellyourhome #sellingyourhome#smalltown #shop #cbwm #cbbelieves #moveinmichigan#greattimetobuy #greattimetosell #sold