Sine & Monaghan, Realtors Real Living Blog

Tuesday, July 7, 2020   /   by Carli Lovell

Taking Advantage of Homebuying Affordability in Today's Market

Taking Advantage of Homebuying Affordability in Today’s Market














Everyone is ready to buy a home at different times in their lives, and despite the health crisis, today is no exception. Understanding how affordability works and the main market factors that impact it may help those who are ready to buy a home narrow down their optimal window of time to make a purchase.


There are three main factors that go into determining how affordable homes are for buyers:





Mortgage Rates






Mortgage Payments as a Percentage of Income






Home Prices





The National Association of Realtors (NAR), produces a Housing Affordability Index, which takes these three factors into account and determines an overall affordability score for housing. According to NAR, the index:




“…measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national ...

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Thursday, May 21, 2020   /   by Carli Lovell

Experts Predict Economic Recovery Should Begin in the Second Half of the Year

Experts Predict Economic Recovery Should Begin in the Second Half of the Year





One of the biggest questions we all seem to be asking these days is: When are we going to start to see an economic recovery? As the country begins to slowly reopen, moving forward in strategic phases, business activity will help bring our nation back to life. Many economists indicate a recovery should begin to happen in the second half of this year. Here’s a look at what some of the experts have to say.


Jerome Powell, Federal Reserve Chairman




“I think there’s a good chance that there’ll be positive growth in the third quarter. And I think it’s a reasonable expectation that there’ll be growth in the second half of the year…


So, in the long run, I would say the U.S. economy will recover. We’ll get back to the place we were in February; we’ll get to an even better place than that. I’m highly confid ...

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Sine & Monaghan, Realtors Real Living
Gross Pointe
18412 Mack Ave
Grosse Pointe Farms, MI 48236
313-884-7000

Royal Oak
30574 Woodward Avenue
Royal Oak, MI 48073
248-549-7400

Saint Clair
201 N. Riverside Avenue
Saint Clair, MI 48079
810-329-9001

Algonac
4181 Pointe Tremble
Algonac, MI 48001
810-794-5544

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