$44,000 :: 4925 E 10 MILE RD, Warren MI, 48091-1523

Property Photo

2 beds, 1 bath
Home size: 980 sq ft
Lot Size: 0 sq ft
Added: 04/24/18, Last Updated: 06/08/18
Property Type: Condo/Townhouse/Co-Op
MLS Number: 21438965
Community: Warren (50023)
Tract: PRINCETON COURT CONDO
The price of this listing was last reduced on 5/23/2018 by 10%
Status: Sold

Welcome home!! Great location, very clean with hardwood floor two bedroom one bath condominium. Beautiful swimming pool in the middle of the buildings.

Listed with RE/MAX New Trend


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!


Continue Reading →

Your First Sneak Peek Of Target’s New Back-To-College Collection

It’ll be available in stores and online June 23. Continue Reading →

$72,000 :: 24575 CUNNINGHAM, Warren MI, 48091

Property Photo

2 beds, 1 bath
Home size: 816 sq ft
Lot Size: 8,276 sq ft
Added: 01/29/18, Last Updated: 06/06/18
Property Type: Single Family
MLS Number: 218007128
Community: Warren
Tract: S/P LADD CENTER
Status: Sold

Excellent starter home ready to move in. Updates include Newer roof, high efficiency furnace, new A/C with extended 5 year warranty. Newer plumbing, paint, carpet, kitchen, bath, brand new stainless steel Stove, Refrigerator, dishwasher. Across the street form play ground and day care center. Buyer or buyer agent to verify all info. Seller limited to $100 FHA repairs if any. FHA appraisal already completed for 75,000.

Listed with Sell Smart/Kimble-Busch


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!


Continue Reading →

June Is National Homeownership Month

Dominguez_Liz_60x60_4c

June is National Homeownership Month, and the industry is recognizing the importance of homeownership as a milestone of the American Dream.

This year’s theme, set by the Department of Housing and Urban Development (HUD), is “Find Your Place.” HUD is one of many agencies that provide resources to help consumers obtain and sustain homeownership. Through its network of housing agencies, consumers can seek out counselors for homeowner education, foreclosure prevention and budgeting assistance. With mortgage options through the Federal Housing Administration (FHA), consumers with low credit or low-down payment funds can reach their homeownership goals faster—a significant method of aid for millennials and upcoming buyer generations flooded with student loans, making it difficult to amass the funds needed for conventional financing. According to HUD, over 47 million homeowners since 1934 purchased a home with a mortgage insured by FHA, and around 40 percent of all borrowers purchase their first home using an FHA loan.

“Homeownership serves as an enduring symbol of security and prosperity, and it provides many Americans with a legacy they can pass down to their children and grandchildren,” said HUD Secretary Ben Carson in a statement. “During National Homeownership Month, we recognize the abiding value of owning a home, and we rededicate ourselves toward helping hard-working families to find their place in the American dream.”

Although homeownership rates are currently stalled at 64.2 percent, experts say the lack of dramatic increase is a reflection of a market that is withstanding challenges such as low inventory and rising interest rates. While the number has not moved much since the first quarter of 2017, there have been gradual increases since 2016, following a significant drop after the housing crisis.

While the National Association of REALTORS® (NAR) celebrates its commitment to homeownership year-round through resources provided on its Homeownership Matters and HouseLogic sites, NAR President Elizabeth Mendenhall recognized June as a pivotal time to reaffirm the association’s mission to promote homeownership.

“National Homeownership Month is a time to celebrate and promote the modern American Dream of owning a home,” said Mendenhall in a statement. “Homeownership changes lives and enhances futures, and many Americans see it as one of their greatest hopes. These individuals are counting on the nation’s 1.3 million REALTORS® to champion and protect homeownership and help make it more affordable, attainable and sustainable. REALTORS® pledge to continue to lead efforts to ensure that the dream of homeownership is not only possible, but very real, for any and all who want to achieve it, so they can have a place of their own to make memories, start growing their financial futures, and build strong communities.”

In addition, Freddie Mac’s website for National Homeownership Month provides valuable resources for homeowners, such as educational articles, homeownership program statistics and opportunities consumers can take advantage of in order to make their homeownership dream a reality.

According to the National Association of Home Builders (NAHB), primary residences are ahead of all other financial assets, business interests and retirement accounts, accounting for nearly one-quarter of all assets held by households in 2016, as reported in the latest edition of the Federal Reserve’s Survey of Consumer Finances.

“Homeownership is a primary source of net worth for many Americans, and is an important step in accumulating personal financial assets over the long term,” said Randy Noel, chairman of the NAHB, in an interview on NAHBNow.

In recognition of National Homeownership Month, NAHB is making a toolkit available for its members; the toolkit includes a video on the value of homeownership, sample social media posts, radio scripts and other talking points, relevant articles, and even print ads showcasing the benefits of homeownership.

Citing the passing of the Economic Growth, Regulatory Relief and Consumer Protection Act and this past year’s tax reform bill as recent progress, President Donald Trump released a statement pledging the administration’s commitment toward increasing homeownership incentives across the country:

“During National Homeownership Month, we affirm the joy and benefits of homeownership. For millions of Americans, owning a home is an important step toward financial security and achieving the American Dream. My Administration is committed to fostering an economic environment in which every family has the opportunity to enjoy the sense of pride and stability that can come with owning a home.”

Liz Dominguez is RISMedia’s associate content editor. Email her your real estate news ideas at ldominguez@rismedia.com. For the latest real estate news and trends, bookmark RISMedia.com.

The post June Is National Homeownership Month appeared first on RISMedia.

Continue Reading →

Pets Keep Dying On Planes

The most-recent airline pet death is an 8-year-old dog who died in a cargo facility during a layover in Detroit. Continue Reading →

$163,900 :: 12856 LEISURE DR, Warren MI, 48088-4270

Property Photo

4 beds, 2 baths
Home size: 1,388 sq ft
Lot Size: 7,405 sq ft
Added: 12/11/17, Last Updated: 06/03/18
Property Type: Single Family
MLS Number: 21396856
Community: Warren (50023)
Tract: ROYAL GARDENS
Status: Sold

The buyers financing fell through after appraisal above listing price. Don’t miss your opportunity to purchase this charming 4BR ranch in Warren with 2 full bathrooms! The home features new carpet and paint, a large open kitchen, corner privacy fenced lot with covered deck. Close to schools, close to freeways, close to shopping. Seller is offering a $6,000 concession for the roof. Schedule your showing and make this house your home!

Listed with Red Door Realty Inc


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!


Continue Reading →

Dodd-Frank Reform Could Make It Easier to Get a Mortgage

(TNS)—It should be easier for you to get a mortgage now that President Donald Trump has signed legislation that will lift lending restrictions on community banks.

Congress on Tuesday voted in favor of rolling back Dodd-Frank banking rules, and Trump signed it Thursday. The reforms will ease some of the mortgage laws from the Dodd-Frank Act of 2010, a massive financial law enacted in response to the financial crisis.

Thanks to the new law, more homebuyers are likely to get approval for a mortgage from their local community bank or credit union.

“Any changes to soften the lending aspects will make it easier for borrowers to get loans,” says Rick Sharga, executive vice president of Ten-X, an online real estate marketplace.

Here’s the Problem
Many lenders say the mortgage laws have become too restrictive for them to make mortgages outside of the so-called Qualified Mortgage rule. The rule is based on your ability to repay the mortgage by requiring that your debt does not exceed 43 percent of your income, but there are very specific requirements when proving your income. The task gets trickier if you’re a business owner, for example, and don’t have consistent income flows.

“Lenders, particularly retail banks, have just stopped taking on any risk at all,” Sharga says. “Getting those smaller lenders back into the game could have a material impact on the housing market.”

What the Bill Fixes
The new changes will allow community banks and credit unions to offer mortgages outside the typical Qualified Mortgage rule so long as they don’t sell that mortgage but keep it in-house. By holding that mortgage on the books, it would be deemed a Qualified Mortgage. The carve-out would apply to institutions with less than $10 billion in assets.

Many lenders think this change will allow more community lenders to offer mortgages. It will also be helpful for homebuyers, when mortgage rates are rising but still low.

It’s unclear how much of an impact the change to the mortgage laws will have on the housing market. A large portion of homebuyers already meet the requirements within the Qualified Mortgage rule. The Urban Institute says the Qualified Mortgage rule has had “little impact” on credit availability, though there are fewer mortgages being offered for under $100,000.

Congress’ move received praise from David Stevens, president and CEO of the Mortgage Bankers Association.

“I want to commend the House of Representatives for joining the Senate and passing this bill, which will protect consumers and provide greater access to mortgage credit,” Stevens said in a statement.

©2018 Bankrate.com
Distributed by Tribune Content Agency, LLC

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

The post Dodd-Frank Reform Could Make It Easier to Get a Mortgage appeared first on RISMedia.

Continue Reading →

Dodd-Frank Reform Could Make It Easier to Get a Mortgage

(TNS)—It should be easier for you to get a mortgage now that President Donald Trump has signed legislation that will lift lending restrictions on community banks.

Congress on Tuesday voted in favor of rolling back Dodd-Frank banking rules, and Trump signed it Thursday. The reforms will ease some of the mortgage laws from the Dodd-Frank Act of 2010, a massive financial law enacted in response to the financial crisis.

Thanks to the new law, more homebuyers are likely to get approval for a mortgage from their local community bank or credit union.

“Any changes to soften the lending aspects will make it easier for borrowers to get loans,” says Rick Sharga, executive vice president of Ten-X, an online real estate marketplace.

Here’s the Problem
Many lenders say the mortgage laws have become too restrictive for them to make mortgages outside of the so-called Qualified Mortgage rule. The rule is based on your ability to repay the mortgage by requiring that your debt does not exceed 43 percent of your income, but there are very specific requirements when proving your income. The task gets trickier if you’re a business owner, for example, and don’t have consistent income flows.

“Lenders, particularly retail banks, have just stopped taking on any risk at all,” Sharga says. “Getting those smaller lenders back into the game could have a material impact on the housing market.”

What the Bill Fixes
The new changes will allow community banks and credit unions to offer mortgages outside the typical Qualified Mortgage rule so long as they don’t sell that mortgage but keep it in-house. By holding that mortgage on the books, it would be deemed a Qualified Mortgage. The carve-out would apply to institutions with less than $10 billion in assets.

Many lenders think this change will allow more community lenders to offer mortgages. It will also be helpful for homebuyers, when mortgage rates are rising but still low.

It’s unclear how much of an impact the change to the mortgage laws will have on the housing market. A large portion of homebuyers already meet the requirements within the Qualified Mortgage rule. The Urban Institute says the Qualified Mortgage rule has had “little impact” on credit availability, though there are fewer mortgages being offered for under $100,000.

Congress’ move received praise from David Stevens, president and CEO of the Mortgage Bankers Association.

“I want to commend the House of Representatives for joining the Senate and passing this bill, which will protect consumers and provide greater access to mortgage credit,” Stevens said in a statement.

©2018 Bankrate.com
Distributed by Tribune Content Agency, LLC

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

The post Dodd-Frank Reform Could Make It Easier to Get a Mortgage appeared first on RISMedia.

Continue Reading →

$147,000 :: 24322 WARNER Avenue, Warren MI, 48091

Property Photo

4 beds, 2 baths
Home size: 1,700 sq ft
Lot Size: 8,712 sq ft
Added: 04/27/18, Last Updated: 05/31/18
Property Type: Single Family
MLS Number: 218034991
Community: Warren
Tract: PAMELA MANOR # 01
Status: Sold

SPACIOUS 4 Bedroom QUAD-LEVEL on a LARGE LOT! Across from Westview Elementary! HUGE FAMILY RM w/ NATURAL FIREPLACE. Spacious Kitchen (Newer Lower Cabinets, Ceramic Floor & Counters, Stove & Refrig.’15 with Icemaker in Door!) Full Remodeled Upper Bath. 1/2 Bath in Lower Level (Newer Large Stall Shower is 15 ft away in Partially Finished Basement). Ceramic Floor thruout Main Floor, Lower Level & Basement. Hardwood Floors under Carpet in Upper Floor. ROOF ’15. All Newer Windows, Hot Water Tank, Furnace & Central Air. 2 CAR GARAGE w/ Newer Door & Opener’18. **This property is OCCUPIED. Please give 24 hr notice for showings

Listed with RE/MAX First


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!


Continue Reading →

$103,000 :: 28370 UNIVERSAL DR, Warren MI, 48092-2439

Property Photo

2 beds, 2 baths
Home size: 1,312 sq ft
Lot Size: 0 sq ft
Added: 03/12/18, Last Updated: 05/30/18
Property Type: Condo/Townhouse/Co-Op
MLS Number: 21421869
Community: Warren (50023)
Tract: UNIVERSAL CITY ESTATES
Status: Sold

Townhouse style condo with private entry and rare 2 car covered carport just steps from the fenced backyard. Also, 2 bedrooms on opposite side with plenty of closet space and double entry full bathroom, balcony, half bathroom on first floor, finished basement, porch, patio, pets allowed. Recent updates include renovated kitchen, floors, balcony, & more. Complex has community pool and club house. The unit is in very good condition and is ready to move in with immediate occupancy. Monthly association fee includes gas/heat, water, building insurance and exterior maintenance. Walking distance to the major shopping center! All to create a quality lifestyle with low monthly expenses. Let’s make a deal!

Listed with Century 21 Hartford-Farmington


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!


Continue Reading →