Open House This Monday, August 10th from 6:30-8:00 p.m.

2873 N NEW TOWN Drive NE

Grand Rapids, MI 49525

MLS #: 15042833

 $399,900

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Forest Hills Schools – Trendy, Celadon 2 story w/ 3+ Beds/2+ Baths, 4 STALL GARAGE & Balances Design and Functionality. Contemporary Community. Enter through the Open, Covered, & Airy Front Sitting Porch into the Spacious Great Room fts. Modern Gas Fireplace, Two Story Entry, w/ many Oversized Windows. Hardwood Floors throughout! Kitchen fts. Plenty of Custom Cabinet & Counter Space, Center Island w/ Snack Bar Seating, AMAZING Stainless Hood System over Double Oven Stove, Granite Counters, Tile Backsplash & Large Pantry. Spacious Dining Room. Back Entry fts. Custom Built Open Locker System w/ Bench Seating. High End Guest Bath on Main Level. Main Floor Master Suite w/ Secluded Back Patio w/ Hot Tub Hook-up, Large Walk-in Closet w/ Washer Dryer Hook-up, 9 ft. Ceilings, Surround Sound, Spa-Like Bath fts. Custom Designed Aroma/Chroma Therapy Steam Room, Two Separate Granite Vanities w/ Steam Shower. 2nd Floor fts. 2 Bedrooms, Full Bath, Second Floor Laundry & Loft Area. Lower Level is Studded for 4th Bedroom, Full Bath, Fixtures are onsite to Finish w/ Large Rec Room & 9 ft. Ceilings. Celadon ft.s Outdoor Pool, Playing Area, Amphitheater, Dog Park, & Garden Area.

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New Listing! Cedar Springs, 3 Bed/2Bath…Nice Ranch Style Home!

14677 Crescent Meadows Drive NE, Cedar Springs, MI 49319

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$149,900; MLS#: 15042688

Cedar Springs – Ranch, 3 Bed/2 Bath. Open Concept, Naturally Bright, Living Room w/ Great Room Feel. Kitchen is Open to Dining Area & Offers a Center Island w/ Snack Bar Seating. Sliders off Dining Area Lead to Large Deck Overlooking the Spacious Back Yard. Master Suite on Main w/ Nice Sized WIC & Huge Window for Natural Daylight. Second Bedroom on Main is Nice Sized w/ Plenty of Closet Space. Main Level Laundry. Daylight, Lower Level Offers Large Family/Rec Room, an Addt’l Bedroom, & Second Full Bath. Open Floor Plan, Central Air, 2 Stall Attached Garage, Storage Shed, Nice Backyard, & Plenty of Space for Entertaining!

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Open House!

Open House This Monday, August 3rd from 6:30-8:00 p.m.

Click link for more details!

1927 Collingwood Avenue SW

Wyoming, MI 49519

$69,900

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Focus on Greece

Focus on Greece
The Greek negotiations dominated the economic news over the past week. After a lot of volatility, the net effect was that mortgage rates ended a little higher.

Greek officials and creditors did not reach an agreement prior to the key deadline of June 30, meaning that Greece was unable to repay its debts. Instead, Greek leaders scheduled a referendum for July 5 to let voters decide whether to accept unpopular reform measures required by creditors or risk an exit from the European Union. The situation remains fluid and likely will continue to produce volatility in financial markets.

An indicator of future home sales released this week suggested that improvement in housing market activity will continue. May pending home sales rose to the highest level since April 2006 and were 10 percent higher than a year ago. This is significant since the report measures contracts signed for previously owned homes, which include roughly 90 percent of the housing market. Strong job gains and high consumer confidence are boosting home sales.

Looking ahead, investors will continue to watch what happens in Greece. In the U.S., the key monthly employment report is scheduled for July 2. Both job gains and wage inflation will be important. After that, ISM Services will be released on Monday. Another big labor market report, the JOLTS data, will come out on Tuesday. This measures job openings and labor turnover rates. The detailed minutes from the June 17 Fed meeting will be released on Wednesday. In addition, there will be Treasury auctions on Tuesday, Wednesday and Thursday. Mortgage markets will be closed on July 3 in observance of Independence Day.

Commentary provided by MBSQuoteline. For live MBS pricing visit www.mbsquoteline.com.

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International Homebuyers Survey Highlights

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This report is based on a survey of REALTORS® about Existing Home Sales to resident and non-resident foreigners over the time period April 2014 through March 2015.
 Approximately 209,000 houses are estimated to have been sold to foreign buyers over the time period, approximately 4 percent of total Existing Home Sales.
 The total foreign sales dollar volume is estimated at $104 billion, approximately 8 percent of total Existing Home Sales dollar volume.
 Foreign clients are an upscale group of buyers, paying on average nearly $500,000 for a house, compared to the overall U.S. average house price of about $256,000.
 Sales to foreigners are split between resident and non-resident purchasers. Resident foreigners may be in the U.S. for business, educational, or other purposes. Non-resident foreigners are typically looking for a vacation or investment property.
 Unit sales of homes to foreigners declined by 10 percent in the 2014/15 timeframe, possibly due to the strengthening of the U.S. dollar in relation to foreign currencies and weakening foreign economics.
 Measured in numbers of houses purchased, Asiana/Oceana accounted for 35 percent of international purchases, followed by Latin America (including Mexico) at 23 percent and Europe at 20 percent. Canada accounted for 14 percent. The Middle East and Africa each accounted for less than 5 percent.
 Five countries accounted for 51 percent of purchases by foreigners: Canada, China, Mexico, India, and the United Kingdom.
 Although foreigners purchased property nationwide, four states accounted for 50 percent of international sales: Florida, California, Texas, and Arizona.
 The bulk of purchases by international clients were all-cash, accounting for approximately 55 percent of reported foreign transactions. Mortgage financing tends to be a major problem for non-resident international clients due to financial profiles that are different in some cases from those normally received by the financial institution from domestic residents.

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Tonight’s Open House Lineup! 6:30 – 8:30 p.m.

Three Fabulous Opportunities!

Click Here to View: 49 Jordan Street SW Wyoming, MI 49548

$99,900

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Traditional, 3 Bed/2 Bath, Completely Remodeled, on Quiet Culdesac. Huge Pole Barn! New Roof & New Windows, All new Mechanicals – Central Air, Furnace, Hot Water Heater (tankless). All New Plumbing and Electrical. Open Concept-Home feats. a Spacious Living Room, Kitchen w/ a Central Island & Snack Bar Seating, Oversized Windows offer Natural Daylight. Large, Main Floor Master w/ Plenty of Closet Space. Spacious Main Bath. Upstairs offers Two Nice Sized Bedrooms with Large Closets for Plenty of Storage. The Lower Level has Washer/Dryer Hook-up and Additional Full Bath. Enjoy the Luxury of a Pole Barn in the Middle of the City! Pole Barn offers appx. 800 sq. ft. Of extra Storage & a Workshop Area. Private, Fenced in Backyard. Three Season Porch and Storage Shed- Excellent Opportunity!

Click Here to View: 1927 Collingwood Ave SW Wyoming, MI 49519

Front

$74,900

Wyoming Schools – 2 Bed / 1.5 Bath 2-story. Living Room w Neutral Colors and Over-Sized Windows Open to Dinning & Kitchen w a Great Room Feel Newer Kitchen w Laminate Floors & Newer Appliances to Stay! Full Bath. Upper Level Hosts 2 Large Bedrooms w Plenty of Closet Space & Bath w Marble Sink. Full Basement Complete w Laundry Room. Fenced Front & Back Yard. Spacious Side Patio! Storage Shed! Detached Over-sized 1-Stall Garage w Additional Off-street Parking! Sits back off Road, On Private Setting! Easily Appeals to Investors and Residents Alike. Current Certificate w City! New Garbage Disposal, New Furnace & Central Air – 2004, New Roof – 2011, New Carpet – 2012!

Click Here to View: 13225 Shutter Dr. Lowell, MI 49331

$229,900

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New, Quality Built Ranch Style Home w/ 2+ Beds/2 + Baths on Superior Treed Lot. No Association Fee. Living Room Feats. Oversized Windows & 9 ft. Ceilings throughout Main Floor. Kitchen has Custom Cabinetry w/ Soft-Close Drawers, Snack Bar Seating, Buffet/Desk Area, and Plenty of Cabinet & Counter (Granite Look-alike) Space. All Stainless Steel Appliances to Stay – Gas Stove. Dining Room is Very Spacious & Feats. Bronze Light Fixture and Sliders to the Large Deck. Master Bedroom is Spacious with Walk-in Closet. Second Bedroom offers Oversized Window w/ Walk-in Closet. Bath has Whirlpool Tub, 4 ft Shower, Double Sinks, and Built in Cabinet for Linens. Main Floor Laundry feats. DuraTub/Mudroom w/ Built-in Lockers for Coat & Shoe Storage/ ½ Bath. Daylight Lower Level is Very Well Insulated w/9 ft. Ceilings, & Studded for Large Family Room, Two Additional Bedrooms, & Full Bath. Plenty of Storage Space. Garage is Extra Deep w/ Workshop off the Back, Plumbed w/ Gas for a Heater & has an Access Door to Beautiful Backyard. Backyard is Very Spacious, Private, and Tree Lined w/ Pines. All this Close to Schools, Shopping, & Downtown Lowell. All Bronze Fixtures Throughout. Concrete Driveway.

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Labor Market Improves

Labor Market Improves

U.S. economic data released over the past week was stronger than expected and caused mortgage rates to rise.

Friday’s Employment Report exceeded expectations nearly across the board. Against a consensus forecast of 225K, the economy added 280K jobs in May. The Unemployment Rate did rise to 5.5%, but the increase was due to an unexpectedly large number of people entering the labor force in May, a sign of strength. Average Hourly Earnings, an indicator of wage growth, were 2.3% higher than a year ago.

Tuesday’s JOLTS Report revealed that job openings increased to the highest level since December 2000. Fed Chair Yellen has highlighted another component of the report as well. Quits, the number of people who voluntarily quit their jobs, remained near multi-year highs. Workers are more willing to leave their jobs when they have confidence that they will find a better job.

The upbeat jobs and wage data was great news for the economy, but it raised expectations for future inflation. Since mortgage rates are directly influenced by inflation levels, an improving economic outlook is unfavorable for mortgage rates. In addition, the strong data brought forward the expected timing of the first federal funds rate hike.

Looking ahead, the next Fed meeting will take place on June 17. Before that, Retail Sales, which account for roughly 70% of economic activity, will be released on June 11. The Producer Price Index (PPI) will come out on June 12. Industrial Production, another important indicator of economic activity, will be released on June 15. Investors will be following the negotiations between Greek and eurozone officials as well.

Commentary provided by MBSQuoteline. For live MBS pricing visit http://www.mbsquoteline.com.

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