Market Trends & Real Estate News
Why Today’s Mortgage Debt Isn’t a Sign of a Housing Market Crash
One major reason why we’re not heading toward a foreclosure crisis is the high level of equity homeowners have today. Unlike in the last housing bubble, where many homeowners owed more than their homes were worth, today’s homeowners have far more equity than debt. That’s a big part of the reason why even though mortgage…
Read MoreGrand Rapids Real Estate: Discover Your Dream Home
Are you looking to buy or sell a home in the vibrant city of Grand Rapids, Michigan? As a local real estate brokerage, 616 REALTY is here to help you navigate the real estate market and find your perfect property. With a deep understanding of the local area and market trends, our realtors can provide…
Read MoreGrand Rapids on the Rise: Top Reasons Why People Are Moving to This Thriving City
Grand Rapids, Michigan is experiencing a surge in popularity, attracting new residents from across the country. But what exactly is drawing people to this Midwestern gem? At REALTY, a local Grand Rapids real estate brokerage, we’ve compiled the top reasons why Grand Rapids is becoming a relocation hotspot. 1. A Booming Economy Grand Rapids boasts…
Read MoreNavigating the NAR Settlement: Smooth Sailing for Grand Rapids Real Estate Transactions
The National Association of Realtors (NAR) recently reached a significant settlement that will impact real estate practices nationwide, including right here in Grand Rapids, Michigan. At 616 REALTY, we understand that navigating legal changes can be confusing. This blog will break down the key points of the NAR settlement and how it might affect your…
Read MoreGrand Rapids Housing Market
The Grand Rapids housing market is a hot one right now! Home prices are on the rise, and homes are selling quickly. If you’re thinking of buying a home in Grand Rapids, be prepared for some competition. In April 2024, the median sale price of a home in Grand Rapids was $300,000. That’s 12.4% higher…
Read MoreOwning a Home: Don’t Forget the Tax Breaks!
Buying a home is a significant financial achievement, and there’s a lot to learn about the ongoing costs of ownership. One bright spot for homeowners is the potential tax benefits that come with owning a piece of property. Understanding these deductions can help you maximize your tax return and save money come filing season. …
Read MoreFall West Michigan Real Estate Market Update
It’s that time again in West Michigan—colorful leaves, pumpkins, and apple cider—and time to get out the jackets. Like the weather, the West Michigan real estate market has cooled down just a touch. According to Forbes, “Most experts do not expect a housing market crash in 2023 since many homeowners have built up significant…
Read MoreThe Who, What, Why of Real Estate Comparables
Most of us have heard the term real estate “comps” (comparables), but many people aren’t really sure exactly what they are, why they are necessary, nor what the criteria are for determining them. Yet, they are an important tool for getting your home priced and sold, not to mention, they are important for buying your…
Read MoreDon’t Miss the 44th West Michigan Home & Garden Show
The show is coming to Grand Rapids March 3-5 at DeVos Place, and it has a little something for everyone. Whether you are looking to freshen up the indoors space of your home or expand on your outdoor oasis, this show will provide you with more ideas than you will know what to do with.…
Read MoreGrand Rapids Remodeling & New Homes Show
Whether you are a homeowner looking for design ideas or you are looking to buy a new home, the Grand Rapids Remodeling & New Homes Show has something for everyone. The event that starts Friday, January 20 and ends Sunday, January 22 is the place to be for everything home related. For those getting…
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