{"id":403,"date":"2012-03-27T15:57:53","date_gmt":"2012-03-27T15:57:53","guid":{"rendered":"http:\/\/riverbankfinance.com\/blog\/?p=403"},"modified":"2013-01-19T14:10:39","modified_gmt":"2013-01-19T14:10:39","slug":"home-values-at-10-year-low","status":"publish","type":"post","link":"https:\/\/riverbankfinance.com\/blog\/home-values-at-10-year-low\/","title":{"rendered":"Home Values at 10 Year Low"},"content":{"rendered":"

\"Low<\/a>2012<\/strong> began with quite a bang in the housing market but it was far from a good thing for current homeowners.\u00a0 It was reported back in January that overall home values were down for the fifth straight month.\u00a0 Which brought home values down to their lowest point in about ten straight years.\u00a0 The average home value fell 0.8%<\/strong> in that month alone.\u00a0 Even more depressing is that home values are down 3.8%<\/strong> from about one year ago.\u00a0 This isn\u2019t all bad news, at least depending on how you look at the situation.<\/p>\n

Sure homeowners are being hit hard and unfortunately there is no quick fix to instantaneously raise your home\u2019s value.\u00a0 On the flip side though, homebuyers are in the driving seat when it comes to today\u2019s housing market.\u00a0 With values at a ten-year low, even the thought of buying a home should prompt people to purchase a home but that is just not the case.<\/p>\n

The issue is that people see the housing market as one giant risk.\u00a0 Everyday we hear and see signs in regards to the millions of homes that are \u201cunderwater.\u201d<\/strong>\u00a0 The other issue is that foreclosures are on the rise and nothing could scare a homeowner than the risk of losing their beloved home.<\/p>\n

Refinancing an underwater home in Michigan<\/a><\/p>\n

We\u2019re at a strange point right now as things look great in certain sectors while others look quite gloom.\u00a0 People seem to be hesitant to purchase homes but yet many builders are gearing up to begin new construction projects.\u00a0 Real estate professor Ken H. Johnson<\/strong> from Florida International University believes the market will improve thanks to the improving economy but it will definitely take time.<\/p>\n

With home values looking as if they\u2019re going to linger at their current values for some time yet.\u00a0 Why not take advantage of the market whether you\u2019re a homeowner or if you\u2019re looking to buy?\u00a0 Thanks to the incredibly low mortgage rates, we can help you Michigan homeowners out there by refinancing into today\u2019s extremely low rates.\u00a0 For those of you looking to buy property within Michigan, we can also help you by locking in pretty little loan with a bow on top.\u00a0 Either way, give one of our loan officers<\/strong> a call if you have a Michigan property: 800-555-2098<\/strong>.<\/p>\n

Can you refinance your underwater loan?<\/h2>\n\n
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