Buyers Rushing Toward New Construction

With tight existing-home inventory, rising household formation, and continued job creation, new-home sales numbers are soaring. But the National…

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Lower Mortgage Rates Boost Loan Demand

Total mortgage activity jumped 2.7 percent week-over-week as mortgage rates continued to fall.

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$330,000 :: 2415 RANCROFT BEAT, Rochester Hills MI, 48306

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4 beds, 2 full, 1 part baths
Home size: 2,306 sq ft
Lot Size: 15,246 sq ft
Added: 02/24/17, Last Updated: 04/26/17
Property Type: 2 Story, Residential
MLS Number: 21264655
Community: Rochester Hills (63151)
Tract: CHICHESTER SUB NO 1
Status: Sold

FANTASTIC 4 BEDRM COLONIAL IN DESIRABLE CHICHESTER SUB. HARDWOOD FOYER LEADS TO GOOD SIZED DEN W/ FRENCH DOORS. REMODELED KITCHEN W/ NEW CABINETRY. GRANITE TOPS, SINK FAUCET. NEW CARPET T/O. FRESHLY PAINTED INTERIOR. 1ST FLR LAUNDRY. LARGE MASTER SUITE. FINISHED BS,T, HUGE BACKYARD W/ BRICK PATIO. GOOD MOVE-IN CONDITION. EXCELLENT ROCHESTER SCHOOLS. WALKING DISTANCE TO BREWSTER, VAN HOOSEN, ADAMS HIGH.

Listed with RE/MAX Crown Properties


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


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Urgency Increases for First-Time Buyers

The looming threat of interest rate increases may prompt more buyers to enter the market this year.

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Realtor.com: The Top 10 College Towns With Investment Potential for Parents

Buying real estate in your student’s college town can be a short-term vehicle for savings and a long-term vehicle for investment.

Realtor.com® recently ranked the cities best for both, factoring in monthly mortgage payments (based on a 20 percent down payment) and other housing costs such as insurance and property taxes, and monthly rental costs.

“College tuition in the U.S. has increased more than 60 percent over the last 10 years,” says Javier Vivas, manager of Economic Research for realtor.com. “Assuming you can afford the down payment, owning a home that your child can live in while at school can help cut the high costs of off campus living. It also makes a great future investment as a steady flow of students into the town continues to drive demand.”

The top 10 in the ranking:

  1. Baltimore, Md. (John Hopkins University)
    Median Buying Cost: $775
    Median Renting Cost: $1,443

The median price for a home in Baltimore County is $131,400, well below the national median of $260,000, and homes have an average of three bedrooms and two bathrooms, according to realtor.com. Charles Village, a small neighborhood located southeast of campus, is popular for students. Another great area for investors is in and around the recently revitalized East Baltimore Development Inc. project.

  1. South Bend, Ind. (University of Notre Dame)
    Median Buying Cost: $470
    Median Renting Cost: $856

With a median home price of $89,900, the area surrounding the University of Notre Dame offers the most affordable home prices in the top 10 ranking. When comparing the average ownership cost and rental payment, parent investors could potentially save $386 a month, which does not account for their student living with roommates. South Bend is a popular student neighborhood around Notre Dame where housing stretches the dollar and offers multiple bedrooms with affordable prices.

  1. West Lafayette, Ind. (Purdue University)
    Median Buying Cost: $666
    Median Renting Cost: $970

Homes near Purdue University have an average price of $131,000 and offer an average of three bedrooms and two bathrooms. Parents looking to invest may want to consider the Chauncey Hill area, which is popular with students due to its close proximity to campus and overall walkability.

  1. East Lansing, Mich. (Michigan State University)
    Median Buying Cost: $628
    Median Renting Cost: $930

The median price for a home in Ingham County is $107,225 and homes have an average of three bedrooms and two bathrooms. Downtown East Lansing is popular among younger undergraduate students who want to be close to campus as well as bars and restaurants. Parents of graduate students may want to consider the Groeseck neighborhood, which is better for those looking for a quieter, more relaxed environment.

  1. Philadelphia, Pa. (University of Pennsylvania)
    Median Buying Cost: $964
    Median Renting Cost: $1,252

The average home surrounding University of Pennsylvania is $167,950, well below the national median, and offers three bedrooms and two bathrooms. With an average monthly rent of more than $1,200, parents looking to invest in real estate have the potential for significant income. Point Breeze and Passyunk are popular neighborhoods for undergraduate students because of their proximity to campus, as well as their general walkability.

  1. College Park, Md. (University of Maryland)
    Median Buying Cost: $1,699
    Median Renting Cost: $1,971

University of Maryland has the highest average home price on the list, with a median of $300,447, as well as the highest average monthly rent of $1,971. While more costly, the average home has four bedrooms and three bathrooms, which gives parents more opportunities for rental income. Parent investors should consider buying in the popular student areas of College Park Woods and Hollywood on the Hill.

  1. Cleveland, Ohio (Case Western Reserve University)
    Median Buying Cost: $677
    Median Renting Cost: $866

Homes in Cuyahoga County have a median price of $120,574, well below the national average, and offer an average of three bedrooms and two bathrooms. Coventry, North Coventry and Cedar-Fairmount are popular neighborhoods among students because of their easy access to shopping and grocery stores, as well as nightlife.

  1. Swarthmore, Pa. (Swarthmore College)
    Median Buying Cost: $1,128
    Median Renting Cost: $1,252

The median home price in Delaware County is $189,125, and homes offer an average three bedrooms and two bathrooms. Parents of students attending Swathmore College may want to consider an investment in the revitalized downtown that is attracting large groups of students or the nearby borough of Media, which offers larger homes with a little more peace and quiet.

  1. Milwaukee, Wis. (Marquette University)
    Median Buying Cost: $856
    Median Renting Cost: $954

Parents considering an investment around Marquette University will pay an average of $135,450 for three bedrooms and two bathrooms. Beerline, a small neighborhood that borders the north side of the Milwaukee River, is home to many new developments ready for investors, while the Lower East Side neighborhood offers single-family homes, high-rise apartment complexes and everything in between.

  1. Champaign, Ill. (University of Illinois at Urbana-Champaign)
    Median Buying Cost: $875
    Median Renting Cost: $956

The median-priced home in Champaign County is $149,075, with three bedrooms and two bathrooms. To the west of campus lies “Senior Land,” which is highly popular with students, as well as anything on Green Street between Neil Street and Lincoln Avenue. Downtown Champaign has been revitalized with a vibrant live music scene and a host of bars and restaurants.

Homebuyers would spend 21 percent, on average, of the local median household income on housing in each of the top 10 cities—less than the 28 percent national average, according to realtor.com Renters, to compare, would spend 27 percent, on average, of the local median household income on housing—more than the 25 percent national average.

The ranking comes ahead of National College Decision Day, May 1.

For more information, please visit www.realtor.com.

For the latest real estate news and trends, bookmark RISMedia.com.

The post Realtor.com: The Top 10 College Towns With Investment Potential for Parents appeared first on RISMedia.

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Use the Power of Gratitude to Spark Loyalty

Are you using social media to thank your clients? Here are five techniques that could lead to a devoted following and more business.

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Realtor.com: The Top 10 College Towns With Investment Potential for Parents

Buying real estate in your student’s college town can be a short-term vehicle for savings and a long-term vehicle for investment.

Realtor.com® recently ranked the cities best for both, factoring in monthly mortgage payments (based on a 20 percent down payment) and other housing costs such as insurance and property taxes, and monthly rental costs.

“College tuition in the U.S. has increased more than 60 percent over the last 10 years,” says Javier Vivas, manager of Economic Research for realtor.com. “Assuming you can afford the down payment, owning a home that your child can live in while at school can help cut the high costs of off campus living. It also makes a great future investment as a steady flow of students into the town continues to drive demand.”

The top 10 in the ranking:

  1. Baltimore, Md. (John Hopkins University)
    Median Buying Cost: $775
    Median Renting Cost: $1,443

The median price for a home in Baltimore County is $131,400, well below the national median of $260,000, and homes have an average of three bedrooms and two bathrooms, according to realtor.com. Charles Village, a small neighborhood located southeast of campus, is popular for students. Another great area for investors is in and around the recently revitalized East Baltimore Development Inc. project.

  1. South Bend, Ind. (University of Notre Dame)
    Median Buying Cost: $470
    Median Renting Cost: $856

With a median home price of $89,900, the area surrounding the University of Notre Dame offers the most affordable home prices in the top 10 ranking. When comparing the average ownership cost and rental payment, parent investors could potentially save $386 a month, which does not account for their student living with roommates. South Bend is a popular student neighborhood around Notre Dame where housing stretches the dollar and offers multiple bedrooms with affordable prices.

  1. West Lafayette, Ind. (Purdue University)
    Median Buying Cost: $666
    Median Renting Cost: $970

Homes near Purdue University have an average price of $131,000 and offer an average of three bedrooms and two bathrooms. Parents looking to invest may want to consider the Chauncey Hill area, which is popular with students due to its close proximity to campus and overall walkability.

  1. East Lansing, Mich. (Michigan State University)
    Median Buying Cost: $628
    Median Renting Cost: $930

The median price for a home in Ingham County is $107,225 and homes have an average of three bedrooms and two bathrooms. Downtown East Lansing is popular among younger undergraduate students who want to be close to campus as well as bars and restaurants. Parents of graduate students may want to consider the Groeseck neighborhood, which is better for those looking for a quieter, more relaxed environment.

  1. Philadelphia, Pa. (University of Pennsylvania)
    Median Buying Cost: $964
    Median Renting Cost: $1,252

The average home surrounding University of Pennsylvania is $167,950, well below the national median, and offers three bedrooms and two bathrooms. With an average monthly rent of more than $1,200, parents looking to invest in real estate have the potential for significant income. Point Breeze and Passyunk are popular neighborhoods for undergraduate students because of their proximity to campus, as well as their general walkability.

  1. College Park, Md. (University of Maryland)
    Median Buying Cost: $1,699
    Median Renting Cost: $1,971

University of Maryland has the highest average home price on the list, with a median of $300,447, as well as the highest average monthly rent of $1,971. While more costly, the average home has four bedrooms and three bathrooms, which gives parents more opportunities for rental income. Parent investors should consider buying in the popular student areas of College Park Woods and Hollywood on the Hill.

  1. Cleveland, Ohio (Case Western Reserve University)
    Median Buying Cost: $677
    Median Renting Cost: $866

Homes in Cuyahoga County have a median price of $120,574, well below the national average, and offer an average of three bedrooms and two bathrooms. Coventry, North Coventry and Cedar-Fairmount are popular neighborhoods among students because of their easy access to shopping and grocery stores, as well as nightlife.

  1. Swarthmore, Pa. (Swarthmore College)
    Median Buying Cost: $1,128
    Median Renting Cost: $1,252

The median home price in Delaware County is $189,125, and homes offer an average three bedrooms and two bathrooms. Parents of students attending Swathmore College may want to consider an investment in the revitalized downtown that is attracting large groups of students or the nearby borough of Media, which offers larger homes with a little more peace and quiet.

  1. Milwaukee, Wis. (Marquette University)
    Median Buying Cost: $856
    Median Renting Cost: $954

Parents considering an investment around Marquette University will pay an average of $135,450 for three bedrooms and two bathrooms. Beerline, a small neighborhood that borders the north side of the Milwaukee River, is home to many new developments ready for investors, while the Lower East Side neighborhood offers single-family homes, high-rise apartment complexes and everything in between.

  1. Champaign, Ill. (University of Illinois at Urbana-Champaign)
    Median Buying Cost: $875
    Median Renting Cost: $956

The median-priced home in Champaign County is $149,075, with three bedrooms and two bathrooms. To the west of campus lies “Senior Land,” which is highly popular with students, as well as anything on Green Street between Neil Street and Lincoln Avenue. Downtown Champaign has been revitalized with a vibrant live music scene and a host of bars and restaurants.

Homebuyers would spend 21 percent, on average, of the local median household income on housing in each of the top 10 cities—less than the 28 percent national average, according to realtor.com Renters, to compare, would spend 27 percent, on average, of the local median household income on housing—more than the 25 percent national average.

The ranking comes ahead of National College Decision Day, May 1.

For more information, please visit www.realtor.com.

For the latest real estate news and trends, bookmark RISMedia.com.

The post Realtor.com: The Top 10 College Towns With Investment Potential for Parents appeared first on RISMedia.

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Will Tax Changes Benefit Homeowners and Investors?

The National Association of REALTORS® welcomes reform but warns Congress and the White House that any tax reform that damages the economic…

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Square Footage: It’s Not the Size That Counts, but How You Use It

Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com:

One of the first focuses for most people looking for a home is square feet. How many square feet are there? How does it compare to the rest of the neighborhood and area? Does size really matter?

Size, of course, does have an impact. More square footage provides the opportunity to have more flexibility with design, room arrangements and features, but experience tells me it is not the most important factor for homebuyers. Square footage is a fallback and easy measure for real estate because it is one of the few easily defined, measurable and comparable characteristics in describing a home. Features like views, finishes, layout and general feeling are harder to assign an absolute value, so we tend to look to square footage first.

If people really pay attention they will see that within a neighborhood or area there are always some homes that sell faster than average and often at a higher price. Many factors can impact this, such as view and location, but in this case we are talking about the floor plan itself. Many large builders experience an overwhelming demand for just one or two models even when they have six or more available because the feel and use of the space is so important. Many people cannot even explain why they like one floor plan more; they just like the “feel.”

Ergonomics at Home Please
Ergonomics is the process of designing or arranging workplaces, products and systems so that they fit the people who use them. People look to find comfort and enjoyment in their lives and their environment, work or home, and that can have both a positive and negative impact on their wellbeing. For most of us, our home is the place we will spend the majority of our time, so having spaces that fit us and make us more comfortable is extremely important. Applying ergonomic practices to home design can and does have a positive impact on our lives.

Give the People What They Want
Across the country you will find many new construction homes built in the “modern” style, which is an update from the mid-century modern designs of the 20th century. In many of the western U.S. cities, such as Los Angeles, San Francisco, Las Vegas and Denver, this style of home is in great demand. It is not only found in luxury real estate. Denver real estate has seen a large increase in the demand and construction of modern luxury homes, but also modern row homes and smaller homes that fit onto older, more limited lot sizes. Many older Denver neighborhoods have experienced high demand for beautiful homes with modern spaces that are not large, but offer a luxurious feel in design.

What Is “Modern” Anyway?
Many architects are students and fans of the mid-century designs that emphasize simplicity, open spaces, clean sharp lines and integration with the world around you. You will find a large emphasis on building homes that take advantage of the lot for views, integration with outdoor spaces, and multiple use rooms. Large glass windows for natural light and flat roof lines are also common features of the style, and when incorporated with a good design, can make the home feel great inside and look stunning on the outside. For many modern architects, each design is a challenge to incorporate clean lines, usable spaces and natural flow of the home to make the experience of living there enjoyable.

“Modern design is meant to be functional first—to integrate function as a part of our lives and space, to simplify and declutter our physical environment—and to accomplish this in an aesthetically pleasing form. Great modern design makes our living spaces easier to use and occupy while simultaneously stimulating our senses positively,” says Jesse Walden, architect and builder with Lucid Studio in Denver.

After many years helping people find homes that fit their personalities and lifestyles, I have noticed that it is almost always the use of the space that has a greater impact than the sheer volume of square footage. This comes in two forms: use of square footage in layout and flow, and, of course, interior design. Having a great floor plan, visually pleasing design and good flow to a home will make it a desirable and more valuable home now and in the future.

For the latest real estate news and trends, bookmark RISMedia.com.

The post Square Footage: It’s Not the Size That Counts, but How You Use It appeared first on RISMedia.

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$569,900 :: 798 APPLE HILL LANE, ROCHESTER HILLS MI, 48306

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Property Photo

3 beds, 2 full, 2 part baths
Home size: 2,817 sq ft
Lot Size: 22,215 sq ft
Added: 04/26/17, Last Updated: 04/26/17
Property Type: Residential
MLS Number: 58031318081
Community: Rochester Hills
Tract: Knorwood Hills
Status: Active

This storybook Tudor home stands apart from the crowd with it?s countless custom features and meticulous attention to detail. Enjoy a natural, wooded setting while still being able to walk or bike to charming downtown Rochester. Channel your inner gourmet with the custom eat-in kitchen with Viking appliances. Relax in the stunning 2-story greatroom with fireplace or adjacent screened in lanai. Host the party for the big game on the 96? projector in the finished basement bar area. The experiences are endless with this incredible home that one must see to truly appreciate. Contact listing agent for a comprehensive feature sheet.

Listed with Michigan Home Brokers LLC


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


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