pandemic and housing markets: Why Home Prices are Still Rising Despite the Global Pandemic - 05/13/20 08:14 AM
To say the economic news coming out lately has been disconcerting would be an understatement. Statistics concerning job losses, furloughs, and unemployment figures have pointed to upheaval in the global economy as a result of social distancing measures, which were put in place by governments to contain the global COVID-19 pandemic.
But according to recent data from Realtor.com, there is one statistic that should give homeowners (especially potential sellers) some comfort—home prices still appear to be on the rise. In the week ending April 25, the median home list price ticked up by 1.6% annually, compared to one year ago. The data comes … (0 comments)

pandemic and housing markets: Moving Safely During The Coronavirus Outbreak - 04/14/20 10:46 AM
Moving Safely During The Coronavirus Outbreak  – Moving can be stressful during the best of times, but when you add a global pandemic to the mix, the task can be even more of a challenge. While social distancing is the course of action to take until told otherwise, moves aren’t always something that can wait. Maybe the home you own was recently sold or you just closed on a new home or you have to relocate for a new job.
For whatever reason you have to move right now, moving companies are still able to help you as an “essential business” and they are … (2 comments)

pandemic and housing markets: An open Letter From Us Realtors For These Uncertain Times - 03/27/20 09:34 AM
It’s a difficult time for everybody, especially those whose health has been affected by the pandemic. It’s difficult for the brave healthcare workers putting their lives at risk trying to heal the sick, and it’s difficult for the men and women spending their days and nights keeping people fed, keeping shelves stocked, making sure supplies are delivered, floors are cleaned, and everything in between.
And, it’s probably a difficult time for you too.
Modern life is stressful, even without a pandemic. The boss wants you to do more, the kids need to be fed, the bills have to get paid, and the house … (1 comments)

pandemic and housing markets: HOW IS THE CORONAVIRUS SHAKING UP THE HOUSING MARKET? - 03/20/20 07:49 AM
How is The Coronavirus Shaking Up the Housing Market?  – Mortgage rates have plummeted since the beginning of the year as a result of market movements in response to the coronavirus. In the most drastic actions since the 2008 financial crisis, the Federal Reserve, a.k.a. the Fed, cut its benchmark interest rate to near zero. The Fed doesn’t actually set mortgage rates; It determines the federal funds rate, which generally impacts short-term and variable (adjustable) interest rates. 
This is the rate at which banks and other financial institutions lend money to one another overnight to meet mandated reserve levels. The Fed raises or lowers … (0 comments)

 
Tom Gilliam- RE/MAX Classic, Exceeding Your Expectations (Re/Max Classic)

Tom Gilliam- RE/MAX Classic

Exceeding Your Expectations

Farmington Hills, MI

More about me…

Re/Max Classic

Address: 29630 Orchard Lake, Farmington Hills, Michigan, 48334

Office: (248) 737-6800

Mobile: (248) 790-5594

My blogs are about helping home buyers ,home sellers and even home owners with new and old ideas to prepare them for either scenario. Being a Realtor in Oakland county Michigan is a fulfilling job and I'm very proud to share my knowledge and to learn from other as well.


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