How's the Real Estate Market in Greater Lansing, Michigan?
I get asked that question almost everyday. It's unbelievable, I say. It is unbelievable. Now, you can take that either way, positive or negative. Being the eternal optimist that I am, I chose to be positive that things are getting better.
Homes are selling if priced correctly, prepared properly, and marketed throughout the Internet with plenty of syndication, active portals and websites, and promoted with plenty of photos.
Just look at what's happening in sales Year to Date compared to last year based on the latest GLAR stats:
Note: that Listings are down, and sales up, which means inventory will begin to drop as more and more buyers continue to take advantage of the lowest interest rates in years and attractive pricing.
Buying or selling a home in today's greater Lansing, Michigan real estate market can be complicated without having the proper expertise and guidance throughout the process. Community information - about service - restaurants, services, parks, things to do, tourist stuff, local government and issues, buildings, and development projects, are only a few of the many services you should expect from your Realtor. Visit http://mikebowler.com for tips that will assist you.
"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
Grand Ledge, Lansing Old Town, East Lansing, Dewitt, and St. Johns all have some wonderful family events
coming up in August for you to mark on your calendar to attend. July events can be obtained on Lansing.org which has a complete lineup for the entire year.
August 1 Island Art Fair Grand Ledge
The 36th annual Island Art Fair features 130 artists selling their works, food and live music on the Second Island in downtown Grand Ledge.
August 7-8 Lansing JazzFest Old Town Lansing
Lansing JazzFest is a two-day free festival bringing regional and national jazz acts to an audience of over 15,000. Located in Lansing's historic Old Town, offering galleries, shops and vendors of ethnic food, arts and crafts.
August 7-9 MSU Museum's Great Lakes Folk Festival East Lansing
The MSU Museum presents this three-day celebration of culture, tradition and community. Find music, dance, food and more with the roots, the rhythms and the richness of cultures across America and around the world.
August 21-23 DeWitt Ox RoastDowntown DeWitt
For over 60 years DeWitt has celebrated on the banks of the Looking Glass River with an arts and crafts show, food and beverage tents, a parade, classic car show, entertainment, fireworks at dusk and more!
August 14-16 St. Johns Mint Festival St. Johns
25th Anniversary festival in 2009 with arts and crafts, flea market, food concessions, parade, five sports tournaments, free entertainment, quilt show, car show and tons of activities for kids.
Buying or selling a home in today's greater Lansing, Michigan real estate market can be complicated without having the proper expertise and guidance throughout the process. Community information - about service - restaurants, services, parks, things to do, tourist stuff, local government and issues, buildings, and development projects, are only a few of the many services you should expect from your Realtor. You are welcome to visit my website for tips that will assist you.
"Expect the Best" and Have a Great Summer
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
There's new energy and enthusiasm in the Greater Lansing Regional area with businesses, events, and opportunity. Most homeowners like the Lansing area because it's a great place to live, work and play. With many projects in the works for future growth, I am optimistic that Central Michigan will begin to see light at the end of the tunnel for the challenging times we have experienced.
The housing market is beginning to bottom out with inventory continuing to shrink, pricing stabilizing, and pending sales beginning to exceed last years numbers. The residential market surplus was 9.2 months of inventory compared to 15.7 months last year at this time as of May 31, 2009. The average sale price is still down 19.2% over last year as of May 31, 2009 to offset the economic conditions and inflated market values of 2001 - 2006. Most real estate economists are beginning to think we have bottomed out. If that's the case, I believe we will see an increase in sales, gradually over the next 24 months. (That's promising)
Greater Lansing has many events, festivals and celebrations going on throughout the tri-county area this summer. Below, I listed three that you may want to mark on your calander to attend. The Greater Lansing Michigan Visitors Bureau has a complete list of all event and will allow you to get additional information.
June 21-27 Red Cedar Jubilee - Williamston
The Red Cedar Jubilee features parades as well as craft shows, a demolition derby, lawn mower races, a duck drop and a food and beverage tent with live music. While in town visit the antiques district.
June 27th 12-6 P.M. Delta Rocks! Family Festival - Delta Township
A free family festival featuring clowns, pony rides, inflatable attractions, games, kids' make-it and take-it crafts, music, live animals, super slingshot, face painting, turtle races, trackless train, concessions and more.
July 6-12 Common Ground Festival - Lansing
The Common Ground Music Festival is an annual celebration featuring an impressive array of headlining musical entertainment for seven nights! Be sure to bring a chair and enjoy the concerts under the stars!
If you're interested in learning more about the greater Lansing area real estate market, would like a more detailed report on market values, neighborhood sales or demographics, feel free to visit my site. Buying or selling a home in the greater Lansing, Michigan real estate market can be complicated without having the proper expertise and guidance throughout the process. Visit http://mikebowler.com for tips that will assist you.
"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
"Now's the Time to Make Your Move" Many people in the greater Lansing Michigan real estate market are concerned about how today's challenging economic environment might affect their ability to buy a home, or even whether they should become homeowners right now. Real estate remains a wonderful long-term investment compared to renting.
The greater Lansing real estate market will see an increase in home sales as a result of the Federal Housing Administration program to allow qualified home buyers to apply the $8,000 tax credit when purchasing a home. This true tax break is for first-time home buyers.
You can get Internal Revenue Information here and the Tax Credit Form here.
With This tax break, historically low interest rates, sellers willing to negotiate, and plenty of homes to choose from, I would advise anyone wanting the American dream of home ownership to begin the process by searching for homeson the Internet, becoming acquainted with the process of mortgage
pre-qualification and move forward.
Here is a place to obtain a copy of a FREE Home-buyers Guide Book with step by step guides for preparing your house hunting adventure.
As I mentioned above; Real estate is first and foremost an investment, that will sometimes perform well and sometimes not. However for those looking long term, it has almost always performed well. The key is buying with the intention to hold long term. Property ownership equity accounts for more than half the wealth in the United States. It is never a bad time to buy real estate. Start your search for homes here.
"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
Website for Agents
Many Greater Lansing Real Estate homes qualify for the additional home buying assistance program through MSHDA, in addition to the new federal tax credit. Here's an example of a wonderful opportunity that can be bought this Sunday, June 14th, between 1:00 p.m. and 3:00 p.m.
MAR reported today that The Michigan State Housing Development Authority has significantly expanded its down-payment assistance program that, when combined with the new federal tax credit, would provide more than $15,000 in help for first-time home buyers.
The loans - - which have zero interest and don't have to be paid back until the home is sold or the mortgage refinanced or paid in full - could be used for closing costs, expenses such as setting up escrow accounts, or down payments. The federal recovery package approved in February provides first time homebuyers with an $8,000 tax credit.
"MSHDA has raised its limits on the household income for buyers eligible for the $7,500 loan from $55,000 to nearly $95,000," said Mary Townley, MSHDA's director of homeownership. "We felt we just needed to provide more tools for home buyers."
For both the federal and state programs, buyers are eligible if they haven't owned a home in the past three years. The federal credit runs through Dec 1. The state loans can be used for homes worth up to $224,500. Income limits and other information can be found at MSHDA's Web Site.
The above property is located at 1132 Morris Ave. Lansing, MI 48917.Take Saginaw Hwy 3 blocks east of Waverly Road, go north on Morris Ave. Edgemont Park Sub, Waverly School District. A quaint red brick ranch with front porch great for rocking and back porch for grilling. This 3-bedroom home has hardwood floors throughout, refinished in 2008, beautiful kitchen with ceramic tile, updated hardware on cabinets, recessed lighting and spacious living room. Completely remodeled bathroom in 2006, (new tub/shower, toilet, sink, lighting, and medicine cabinet). All new light fixtures and modern paint throughout.
Other features include, high-efficiency furnace, central air, and replacement windows throughout, a partially finished and updated knotty pine basement. Enjoy the fenced in backyard, and garage. This home is a must to see.
"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
1020 S Creyts Road Lansing Michigan 48917
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