buying a home housing mortgage real estate selling a home

Hot Detroit….Or Not? [#DHallTheINSIDER]

Detroit and Ann Arbor make “America’s 20 Hottest Real Estate Markets for July 2017” list. So much for Detroit being recently listed as the No. 1 worst city in America to live. Americans don’t care and Detroit is a prospering community.

Now is the most profitable time to sell a home in a decade, with homes sold during the second quarter of 2017 averaging a $51K profit aka a 26% gain. San Jose homeowners sold for the largest profit gains at 75%.

Seniors are the only group who were immune to the drop of homeownership we have seen in the last 15 years or so, posting an increase to 82%. Why? The benefit of owning their home outright and no longer having a monthly mortgage payment, either by paying off their mortgage or by downsizing and paying by cash.

As for homeownership in the second quarter of 2017, millennials were the only generation to see an increase, however slight it was.

Regulation vs. Deregulation is at the top of the agenda for discussion with the House of Financial Services Committee. Here’s the scoop of what our Paul has to say.

Hall Financial (NMLS #1467435) was formed in early 2016, founded on a common mission: to be the most client focused mortgage company in the industry’s history. We were going to stop the trend of treating homeowners and homebuyers as transactions and instead, welcome them as family. We were going to treat them like the queen of England. Here, we bring you up to speed and keep you in the know with the latest housing news, home trends, and more!

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