Blog

1. What to Consider When Choosing Your Retirement Condo or Home

   Published 4 years ago

   As more and more baby boomers enter retirement age, the question of whether they should sell their homes and move has become a hot topic. In today’s housing market climate, with low available inventory in the starter and trade-up home categories, it makes sense to evaluate your home’s ability to adapt to your needs in… read more

2. Ann Arbor Condo Report – October 2020

   Published 4 years ago

   Prices Remain Consistent Overall for Ann Arbor Condos The prices for Ann Arbor condos did not change drastically from last October. For example, the average listing price this past month is $366,788, a minimal increase from the $365,348 prior. New inventory saw a 12.5% rise at 72 condos compared to the 64 from before. As… read more

3. Rent vs. Buy: How to Decide What’s Best for You

   Published 4 years ago

   Rent vs. Buy: How to Decide What’s Best for You According to the U.S. Census Bureau, median rent continues to rise. With today’s low mortgage rates, there’s great opportunity for current renters to make a move into homeownership that stretches each dollar a little bit further. While the best timeline to buy a condo or… read more

4. Do You Have Enough Money Saved for a Down Payment?

   Published 4 years ago

   One of the biggest misconceptions for first-time condo or home buyers is how much you’ll need to save for a down payment. Contrary to popular belief, you don’t always have to put 20% down to buy a condo or house. Here’s how it breaks down. A recent survey by Point2Homes mentions that 74% of millennials… read more

5. Ann Arbor Condo Report – August 2020

   Published 5 years ago

   More Inventory for Both Listings and Sales Ann Arbor condos saw an increase in new and sold inventory this August 2020. New listings were up 14.5% at 71 condos, and this is in comparison to the 62 last August. The average listing price for these condos was $269,522, versus $362,526 before, down 25.7%. A total… read more

6. Millennials Are Increasing the Demand for Condominiums

   Published 5 years ago

   When deciding to buy a home, people are presented with many different options. The type of home you buy depends on your needs, budget, and in many cases, the desired maintenance level. For many millennials, their choice has been buying a condominium! According to CoreLogic, “Last year about 43% of all condo home-purchase mortgage applications were submitted… read more

7. Ann Arbor Condo Report – July 2020

   Published 5 years ago

   Comparable Inventory for Ann Arbor Condos Besides year-to-date sales, all other inventory for Ann Arbor condos have remained stable. July saw 108 new units hit the market, a 4.9% increase from the 103 last July. The amount of sold condos experienced a decline of 4.8%, from 83 to 79 this past month. As for the… read more

8. Guidance and Support Are Key When Buying Your First Condo or Home

   Published 5 years ago

   In June, the number of first-time homebuyers accounted for 35% of the existing sales, a trend that’s been building steadily throughout the year. According to the National Association of Realtors (NAR): “The share of first-time buyers increased in March through June—right into the heart of the pandemic period and the surge in unemployment—and is now trending… read more

9. Ann Arbor Condo Report – June 2020

   Published 5 years ago

   Listed and Sold Inventory Remain Balanced With the start of summer, the inventory for Ann Arbor condos have maintained their balance. Last June, 68 condos were both listed and sold, and although there was a 14.7% decline on the whole this June, 58 condos were listed and were also sold. The average listing price has… read more

10. What Are the Experts Saying About Future Condo Prices?

    Published 5 years ago

    A worldwide pandemic and an economic recession have had a tremendous effect on the nation. The uncertainty brought about by both has made predicting consumer behavior nearly impossible. For that reason, forecasting prices has become extremely difficult. Normally, there’s a simple formula to determine the future price of any item: calculate the supply of that… read more