Marc Edelstein

This week’s economic news contained few surprises. The US economic data was mixed, and demand was close to average for the Treasury auctions. Mortgage rates ended the week just a little higher, after reaching an all time record low last week. The slow pace of global economic growth and the uncertainty in Europe support these […]

Once again, the primary influence on mortgage rates was the uncertainty in Europe. Mixed economic data released this week was roughly neutral. Investors seeking relatively safer assets pushed stocks lower and mortgage rates to record low levels. In Europe, the focus was primarily on Greece this week. Greek political leaders remained very divided and were […]

There are some amazing homes for sale in places like Novi, Northville, Ann Arbor, Birmingham, Plymouth and even in the Downriver communities.  Still, sometimes you want something a little more comfortable and off the beaten path.  If you’re on the hunt for waterfront property in southeast Michigan then there’s more to just finding the perfect […]

When it comes to real estate in Northville, Novi, Royal Oak, Ann Arbor, Livonia, Plymouth and other cities throughout Washtenaw, Oakland and Wayne Counties, right now is the best time to purchase a home.  You likely hear that a lot, but it’s absolutely true right now because the market has never been so great for […]

It might come as a surprise, but buying Northville real estate or even more expensive properties and nicer homes still requires some interaction from a contractor for most families.  Even if you find a dream home there may be work that needs to be done to either update old fixtures, get a home up to […]

There’s a lot that goes into the purchase of a new home whether you’re trying to find your dream home among real estate in Northville, homes for sale in Royal Oak or you’re picking through foreclosures in Novi and communities like Livonia.  It’s a complex process with a lot to consider. As you prepare to […]

This week saw increasing uncertainty in Europe, leading to lower stock prices and strong demand for the US Treasury auctions. Ordinarily, these factors would result in improved mortgage rates, but mortgage rates ended the week nearly unchanged from last week. In closely watched elections on Sunday, voters in France and Greece strongly favored the candidates […]

Whether you’re currently a homeowner or you’re thinking about buying a home in Michigan this year, you’ve likely considered property taxes as one of the regular costs when compared to current rental pricing and your existing home situation. Some people in Michigan ready to buy a home have been spooked out of purchasing a house […]

There are a lot of homes for sale in Metro-Detroit, and as many as half of the homes for sale of the Michigan real estate markets fall under the category of a distressed property. Distressed properties in Michigan are homes that have either gone through a foreclosure, or they are currently being marketed by the […]

A common question I run into from clients – especially first time buyers – has to do with their credit scores and mortgage preapproval.  The question is usually phrased in some way similar to “I’m getting ready to buy a home soon but I’m worried that if I get preapproved too early and don’t find […]