Tag: low unemployment

5 Reasons to be Thankful in Real Estate

thanksgiving
2015 has has given many reasons to be thankful in the real estate industry for this Thanksgiving season. Here are the top 5 reasons to be thankful.

1) Low Mortgage Rates

Low mortgage rates mean higher purchasing power. With the low inventory for real estate in Michigan, low mortgage rates have increased buyer’s purchasing power allowing them to have a larger price range to search for homes.

2) New 3% Down Payment Mortgage Programs

Low down payment mortgage programs have expanded including the 97% mortgage. 2015 has granted new low down payment programs for first time home buyers. Fannie Mae and Freddie Mac have both released 3% down mortgage options for first time homebuyers allowing more young professionals and families to buy homes.

3) Fast USDA home loans

USDA home loans, the zero down mortgage program is quicker and easier to close. Michigan’s USDA has stayed up to date with their mortgage reviews allowing home buyers to close quickly on their no down payment mortgages. With Michigan being the #1 USDA mortgage state, the underwriting offices stay busy but have been able to quickly approve loans without weeks of delays as in previous years.

4) Low Gas Prices

Low gas prices have made driving to home showing appointments much cheaper. It isn’t just how much you make but how much you keep. Lower expenses equal more money in your pocket!

5) Low Unemployment Rates

Michigan’s booming job market has fueled home purchasing. Michigan’s economy has the lowest unemployment rate in years which helps allow families to have the stability to save and buy homes. With fewer people being laid off the chance that a buyer will lose their job a week before close is slim.

Did I miss any reasons to be thankful? Feel free to share reasons why you are thankful this year in real estate!

10 Reasons to Move to Grand Rapids, Michigan

Downtown Grand Rapids River

Grand Rapids, Michigan is a city with a metro area of over a million people and is one of the most desired places to relocate in the world. The city is known as a great place for jobs, education, diversity, safety, and fun. The economy in the region is constantly growing and the real estate market is booming as many people from throughout the world are quickly moving to there in large numbers. There are plenty of reasons to relocate to this wonderful city but listed below are just 10.

A Great Place to Raise a Family

Grand Rapids was named the best city in the United States to raise a family by Forbes Magazine. They credit the ranking for the city’s affordable housing, outstanding education system, safety, affordability, and commuting.

Low Unemployment

The Grand Rapids metro area has one of the lowest unemployment rates in the country. The city is consistently listed as one of the best cities for finding employment. In fact, the city is also known as one of the happiest cities to work in. The high education of residents, diversity of industries, and the high demand of skilled workers makes the job search process much easier.

Low Cost of Living

The city is very affordable. Those who do not have a lot of money can still live comfortably. The low cost of living eases the stress on the residents while allowing them to save money and have extra for spending.

Low Crime Rate

It is one of the safest big cities in America. It is a community filled with people who look out for one another, the streets are safe, and the residents are friendly. The police and fire department work extremely hard to ensure that the city is well protected. Living in Grand Rapids will allow you to sleep better at night knowing the friends and family are in safe hands.

Excellent Education

Grand Rapids has an excellent education system from kindergarten to high school with many public and charter schools. The city also has many colleges, their largest being Grand Valley State University, a public university constantly ranked as one of the top colleges in the country. If you are searching for great schools for you and your family, Grand Rapids is the place to look.

Lots of Diversity

Grand Rapids is home to many different cultures, religions, races, colors, and arts. There are plenty of diverse neighborhoods that would be perfect for the different age groups and ethnicities. The city welcomes and embraces diversity. The city is also the host of ArtPrize which is the largest art competition in the world.

The Beer Capital

If you are a beer lover Grand Rapids may be the place for you. It was recently named Beer City USA for the second year in a row. The city has many great bars, taverns, and breweries that you can have a great time at while enjoying a nice cold beer.

Beautiful Beaches

Grand Rapids is located near the west Michigan coastline which has beautiful sand beaches, stunning coastal sand dunes, and crystal clear waters. The Lake Michigan shoreline was ranked as one of the best in the entire world and it is a great place for sightseeing and spending quality time with friends and family

Great Location

The city is situated in west Michigan, a great diverse area located in between the two large cities of Chicago and Detroit. With these cities only a couple hours from Grand Rapids it allows residents to save a great amount of time when visiting these destinations.

Many Recreational Activities

Grand Rapids has a wide variety of natural resources that make it perfect for outdoor fun. Golfing, fishing, biking, skiing, snowmobiling, hunting, boating and hiking are all activities that residents are frequently involved in. If you are someone who enjoys being active with outdoor sports Grand Rapids is the place to be.

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