News from the State Level

  • NAR Identifies Best Purchase Markets for Aspiring Millennial Homebuyers

    Jul 24, 2014 - Jul 24, 2015 - WASHINGTON (July 24, 2014) - First-time homebuyers have been largely absent from the housing market in the current economic recovery, but some metropolitan areas - particularly in the Midwest and West - are well positioned to see increases...

  • 7 Budget-Friendly Retiree Havens

    Jun 10, 2014 - Jun 10, 2015 - At Number 5: Grand Rapids, Michigan Population: 782,100 State tax on Social Security: No State tax on pensions: Yes (with some exemptions) The median home price is $114,200, the median mortgage payment is $436 and the median...

  • If You're Looking to Buy a Home, Michigan Might Be a Good Place to Start

    Apr 1, 2014 - Apr 1, 2015 - If you're looking to buy a home, Michigan might be a good place to start-and California might be a place to avoid. The Midwestern state boasts three metro areas in the top 10 for highest homeownership rates in the nation, according to a...

  • New Mortgage Program Aims to Spur Home Sales

    Feb 24, 2014 - Feb 24, 2015 - GRAND RAPIDS, Mich. (Feb 24, 2014)-It's a new initiative to help spur home sales. Monday morning, realtors joined state and local officials to launch a Michigan's first-ever MI Next Home program. Repeat home-buyers, including singles,...

  • State offers up to $7,500 for cash-strapped homeowners who want to buy new home

    Feb 24, 2014 - Feb 24, 2015 - GRAND RAPIDS, MI - Cash-strapped homeowners who want to move into another home can qualify for up to $7,500 toward the purchase of a new or existing home through a program unveiled on Monday, Feb. 24 by the Michigan State Housing...

  • Statewide mortgage program expands service

    Feb 24, 2014 - Feb 24, 2015 - GRAND RAPIDS, Mich. (WOOD) - A statewide mortgage program is expanding its service to help spur home sales. Details of the Michigan State Housing Development Authority (MSHDA) MI Next Home program were discussed Monday morning at Grand...

  • Low housing inventory in many Michigan markets - good for sellers, frustrating for buyers

    Nov 29, 2013 - Nov 29, 2014 - If you're having a hard time finding a home to buy right now, you are not alone. The supply of houses for sale in many markets across the state are hitting near all-time lows. Interest rates remain low, but there are not enough homes...

  • Legislature on Summer Break, but work continues on foreclosure language

    Aug 13, 2013 - Aug 13, 2014 - Last month, Senate Bill 383, now Public Act 104 of 2013, was signed into law by Governor Snyder. As you may recall, the initial legislative proposal was to shorten Michigan's 6 month redemption period down to 2 months. With the signing of...

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