Posted on November 10, 2016
60 Feet Or Less…What Next?
November 10, 2016
Posted on November 2, 2016
Thanks to rising home prices, home owners are getting richer, a new study says. The amount of homeowner equity has doubled in the last five years, according to CoreLogic’s latest Home Price Index and HPI Forecast for September 2016.
“Home equity wealth has doubled during the last five years to $13 trillion, largely because of the recovery in home prices,” says Frank Nothaft, chief economist for CoreLogic. “Nationwide during the past year, the average gain in housing wealth was about $11,000 per home owner, but with wide geographic variation.”
Home owners in several markets across California, Washington, Oregon, Colorado, and Utah are seeing some of the most growth, with double-digit home price gains.
Home owners nationwide likely are to see even more equity in the coming months, too.
“Home-price growth creates wealth for owners with home equity,” says Anand Nallathambi, president and CEO of CoreLogic. “A 5 percent rise in home values over the next year would create another $1 trillion in home equity wealth for home owners.”
Posted on November 1, 2016
• 1,073 sq. ft., 2 bath, 3 bdrm single story – $144,444. Just out of town
Traditions, Garfield Township – Country Cottage style w/ todays interior design in small country community just out of town with no through traffic , some open areas. Home features 3 bedrooms, 2 bath, Master Suite separated from other bedrooms, mud/laundry room, 9ft. ceilings, newer flooring, paint, dishwasher ( all appliances included),large back yard w/ room to add 2 car garage, great covered porch for sipping your morning coffee or an evening beverage, and low heating bills ( $68-$75 per mo.). Snowplowing, trash and lawn mowing included.
Posted on October 7, 2016
What Next As DICK’S Store On Hold?
October 3, 2016
Posted on October 7, 2016
Posted on September 22, 2016
• lot / land – $9,900. 3.18 Surveyed Acres
Springfield Township, Kalkaska County – 3.18 Acre parcel on paved county maintained road only 5 mins. from US -131 and all sports Fife Lake and approx. 1.5 miles from Manistee River / Boat Launch and 1000’s of acres of State Land. Easy commute to Kalkaska, Grayling & I-75, Cadillac or Traverse City. Recently surveyed staked/flagged and mostly cleared and ready for thick second growth or build your home/weekend cabin (good slope for possible walk out basement) , per county you can build garage/pole barn with no residence also. Great recreation area…hike, boat, fish, hunt ( deer tracks /sign on property) and in heart of snow mobile country! Cash for deed, fast closing – no closing costs! Bring your offers! Seller is licensed Realtor in State of Michigan.
Posted on September 21, 2016
Meeting Buyers Halfway
The aim is to fuel more mortgage originations among first-time buyers, who tend to have more low to moderate incomes, and to better reach those who live in underserved areas, The Wall Street Journal reports.
In the pilot program, Freddie Mac says that applicants will be able to use the income of others who live with the borrower but who aren’t going to be on the mortgage to qualify. Also, income from second jobs that borrowers have held, even for a short period of time, can now be factored in. The program will also not require borrowers to come up with bank statements to show how they saved for their down payment.
The pilot program does not lower down payment or credit score requirements.
Sister mortgage giant Fannie Mae offers a similar program. However, the loosened standards are new to Freddie Mac.
Freddie Mac says the changes took effect on Monday. The pilot program will be offered for the next 12 months to mortgage applicants with Alterra Home Loans, based in Las Vegas, or New American Funding in Trustin, Calif. After 12 months, Freddie Mac will determine whether to expand its pilot program.
Source: “Freddie Mac Starts Pilot Program With Looser Standards,” The Wall Street Journal (Sept. 19, 2016)
Posted on September 10, 2016
State Land 3 Side, Snowmobile/ATV Trails
• lot / land – $94,900. 80 Wooded Acres
Union Township, Grand Traverse County – 80 (79.54)Heavily wooded acres with tons of road frontage on 2 roads and surrounded on 3 sides by thousands of acres of state land, splits may be available. Short drive to Boardman & Manistee rives, Fife Lake, Kingsley, Traverse City, Kalkaska, Cadillac with highly rated Kingsley schools. Perfect for the up north getaway ( camping, hunting, hiking, snow mobiles /ATV-trails right out your door) or year round home in the heart of nature, peace & quiet and wildlife. Currently in Forestry Mgt. Program making taxes only approx. $100 per year- all or part may be removed if desired after purchase.
Posted on September 2, 2016
Slamming the front door
Slamming the heavy front door can push it out of alignment. Eventually, the door may get really tough to open and even have a gap between the trim and jamb that could allow moisture and cold air to seep in.
Fix: Replace the existing hinges of the door with self-closing ones so that the door can softly close without slamming.
Read more: 8 Bad ‘Home Improvement’ Habits
Never lifting up outdoor rugs.
Outdoor rugs with rubber or vinyl backings shouldn’t be left in place. They can trap water and lead to mold and mildew.
Fix: Select an open-weave rug that allows rainwater to evaporate and air to circulate. Also, rinse the rug with a hose occasionally and then hang it out to dry.
Failing to clean the gutters.
Fallen leaves, pine needles, branches, and even the neighbor’s tennis ball can end up clogging your gutter and prevent water from properly flowing through. Water could then either back up or dump along the foundation and seep into cracks and crevices.
Fix: Clean your gutters before the spring rains. Check them in the winter for any ice or snow damage. Consider mesh gutter guards to help prevent clogs.
Flushing “flushable wipes.”
Pre-moistened, flushable wipes may not be so good to flush down your toilet after all. Flushing them could cause a plumbing problem, according to This Old House. The nonwoven fabric from the wipes may collect with grease and other materials and lead to a clog.
Fix: Place a covered trash bin in the bathroom to dispose of the wipes instead. Stick to traditional toilet paper.
Shutting vents to try to push air to other rooms to cool or heat may end up doing more harm than good. You could cause “a pressure imbalance in the ducts that can make the furnace work harder or the cooling coil freeze over,” according to This Old House article.
Fix: An HVAC contractor can install branch dampers in the main areas of your ductwork to force cooler air to the second floor in the summer and warmer air to the ground floor in the winter.
Using too much drain cleaner.
Clog-dissolving liquids or crystals may help unclog a septic system. But too much of it may lead to less of the essential bacteria needed to break down the waste continually.
Fix: When you first get a clog, pour some boiling water in and flush. For more pesky clogs, try a mechanical cleaning with a closet auger snake – which according to the article is less damaging than drain-clearing chemicals. If you do use drain cleaner, use them sparingly.
View the full list of 25 bad habits of home owners and how to avoid them at This Old House.
Source: “Break These Bad Home Owner Habits,” This Old House (September 2016)