This 500 Square-Foot Beer Cave Will Be Your New Favorite Attraction Near Detroit

Whether you appreciate beer on a regular basis or you tend to save drinks for occasional social events, there’s something special about cracking open a cold, refreshing craft beverage. Here in the Great Lakes State, we’ve got plenty of wonderful beer options to select from – including plenty of locally and regionally produced brews. One unique beer cave near Detroit offers customers the chance to select the perfect beverage for their next gathering or a quiet, relaxing night at home. Cheers!

For more information about Barrels & Vines, including its secondary location, click here. Have you picked up a few beverages from this walk-in beer cave near Detroit? Share your favorite finds with us by leaving a Facebook comment or recommend another great place to stock up for your next party by filling out our official nomination form here.

Ready for something delicious to eat? You’ll want to read about these historic restaurants in Detroit.

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The Average Homeowner Gained $56,700 in Equity over the Past Year

The Average Homeowner Gained over $56,700 in Equity over the Past Year | Simplifying The Market

When you think of homeownership, what’s the first thing that comes to mind? Chances are you might focus on the non-financial benefits, like the security or stability a home provides. But what about equity? While it can be overlooked, a homeowner’s equity helps build long-term wealth over time. Here’s a look at what equity is and why it matters.

For a homeowner, your equity is the current value of your home minus what you owe on the loan. So, as home values climb, your equity does too. That’s exactly what’s happening today. There aren’t enough homes on the market to meet buyer demand, so bidding wars and multiple offers are driving prices up. That’s because people are willing to pay more to buy a home. Right now, this low supply and high demand are giving current homeowners a significant equity boost.

Dr. Frank Nothaft, Chief Economist at CoreLogic, explains it like this:

Home price growth is the principal driver of home equity creation. The CoreLogic Home Price Index reported home prices were up 17.7% for the past 12 months ending September, spurring the record gains in home equity wealth.

To find out just how much rising home values have impacted equity, we turn to the latest Homeowner Equity Insights from CoreLogic. According to that report, the average homeowner’s equity has grown by $56,700 over the last 12 months.

Curious how your state stacks up? Check out the map below to find out the average equity gain for your area.The Average Homeowner Gained over $56,700 in Equity over the Past Year | Simplifying The Market

How Rising Equity Impacts You

If you’re already a homeowner, equity not only builds your wealth, it also opens doors for you to achieve your goals. It works like this: when you sell your house, the equity you built up comes back to you in the sale. You can use those proceeds to fuel your next move, especially if you’ve decided your needs have changed and you’re looking for something new.

If you’re thinking about becoming a homeowner, understanding the importance of equity can help you realize why homeownership is a worthwhile goal. It builds your wealth and gives you peace of mind that your investment is a wise one, not just from a lifestyle perspective, but from a financial one too.

Bottom Line

Whether you’re a current homeowner or you’re ready to become one, it’s important to know how equity works and why it matters. If this inspires you to make a move, let’s connect to explore your options and find out what steps you need to take next.

A Trip To This Gigantic Indoor Farmers Market Near Detroit Will Make Your Weekend Complete

Are you looking for a fun and wholesome weekend outing that won’t take you too far from the Motor City? Whether you’re hoping to stock up on fresh produce, bring home a few treats, or simply appreciate a day out and about, there’s one indoor farmer’s market near Detroit that offers a fantastic experience all year long. Round up a few loved ones and head out to this gem that’s just a stone’s throw from the city.

For additional information about this indoor farmers market near Detroit and its incredible history, click here. Have you and your family shopped at the Royal Oak Farmers Market or attended a special event on-site during years past? Share your experiences with us by leaving a Facebook comment or recommend another must-see locale near the Motor City by completing our nomination form here.

If you’re on the hunt for another place to shop, read about this impressive year-round Christmas shop near Detroit.

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The Michigan Restaurant With Italian Roots That Date Back To The 1800s

When hunger strikes, there’s nothing better than digging into a fresh plate of Italian cuisine, especially when it’s prepared with true excellence and authenticity. While the Great Lakes State is chock full of fantastic eateries, one historic Italian restaurant in Michigan serves amazing fare with a dash of local lore. Get ready to dig into mouthwatering pasta while learning more about Michigan’s past.

For more information about this historic Italian restaurant in Michigan and its absolutely fascinating past, click here. Have you and your loved ones checked out Amore da Roma or Roma Cafe during previous years? Share your favorite menu selections or wine varieties with us by leaving a Facebook comment or recommend another must-visit eatery by completing our official nomination form here.

Still feeling hungry? You’ll want to read about this famous and history-rich Bavarian restaurant in Michigan.

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Homebuyers: Be Ready To Act This Winter

Homebuyers: Be Ready To Act This Winter | Simplifying The Market

To succeed as a buyer in today’s market, it’s important to understand which market trends will have the greatest impact on your home search. Danielle Hale, Chief Economist at realtor.com, says there are two factors every buyer should keep their eyes on:

“Going forward, the conditions buyers face are primarily dependent on two things: mortgage rates and housing supply.

Here’s a look at each one.

Mortgage Rates Projected To Rise in 2022

As a buyer, your interest rate directly impacts how much you’ll pay on your monthly mortgage when you purchase a home. Rates are beginning to rise, and experts forecast they’ll continue going up in 2022 (see graph below):Homebuyers: Be Ready To Act This Winter | Simplifying The MarketAs the graph shows, mortgage rates are expected to climb next year. But they’re still low when you compare to where they were just a few years ago. That presents today’s buyers with some motivation to lock in a low mortgage rate before they climb higher.

More Homes Are Expected To Be Available This Season

The other market condition buyers need to monitor is the number of homes available for sale today. The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows the current supply of inventory sits at just 2.4-months. To put that into perspective, a 6-month supply is ideal for a balanced market where there are enough homes to meet buyer demand.

However, there may be good news for buyers who are waiting for more options. A recent realtor.com survey shows more sellers are planning to list their homes this winter, meaning more choices will likely be available soon.

What Does That Mean for You?

Even if your options improve some this season, it won’t significantly shift market conditions overnight. According to NAR, many more listings need to be available to move closer to a more neutral market:

“Given the average monthly demand . . . , 3.55 million homes should be on the market to meet a level of inventory equal to six months of demand, implying a shortage of homes for sale of 2.24 million.”

So remember, even with more homes expected to come to market this season, competition among buyers will remain fierce as there still won’t be enough homes for sale to meet the current demand. That means you’ll need to act quickly when you’re ready to make an offer.

Bottom Line

If you’re planning on buying a home this winter, more options are welcome news, but it doesn’t mean you should slow down. Let’s connect today so you have an expert on your side to help act as quickly as possible when the right home for you hits the market.

This Wanderhut Tent Nestled In The Michigan Forest Lets You Glamp In Style

Are you ready to embark on a getaway that combines natural exploration with a dash of style and modern comfort? One unique option for glamping in Michigan is overflowing with charm, forested beauty, and plenty of relaxation in the midst of day-to-day stresses. Round up your sweetheart or a friend and head out for an overnight stay at this gorgeous locale.

To learn more about this great place for glamping in Michigan, click here. Have you checked out this or another elevated camping experience in the Great Lakes State? Share your favorite memories with us by leaving a Facebook comment or recommend another marvelous and nature-centric locale by completing our official nomination form here.

Searching for another unique place to stay? Read about this entire island for rent in Michigan.

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This Vibrant Yarn Shop Near Detroit Is A Dream Come True

You don’t have to be a professional to appreciate a great crafting opportunity. Whether you’re learning how to knit, picking up a gift for the craft enthusiast in your life, or simply seeking the chance to explore a colorful destination within driving distance of the city, one charming yarn shop near Detroit is calling your name. This sprawling space will impress you with its wide selection, vibrant inventory, and friendly service.

For more information about this awesome yarn shop near Detroit, including a schedule of upcoming classes, click here. Have you picked up a few items from this lovely locale near the Motor City during previous visits to Livonia? Share your experiences with us in the Facebook comments or recommend another charming local business by filling out our nomination form here.

Would you prefer to spend time making memories outdoors? Read about this unique tunnel trail near Detroit.

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Spend The Day Exploring These Three Four Unique Bridges Within One Park In Michigan

When you’re ready for an outdoor adventure that combines natural beauty with manmade charm, there’s one Great Lakes State destination that certainly belongs on your itinerary. When you visit this stunning and unique park, you’ll find some of the most unique bridges in Michigan – not to mention plenty of space for fresh air, strolling, and memory-making. In every season, this park and its bridges deliver.

Have you been lucky enough to walk through this peaceful and naturally beautiful park, which houses some of the most unique bridges in Michigan? Share your memories and favorite photos with us by leaving a Facebook comment or recommend another great place to stroll here in Michigan by filling out our official nomination form here.

If you’re hoping to explore a more famous destination, read about this breathtaking state park in Michigan.

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This Vibrant Michigan Town Is One Of The Most Diverse Culinary Destinations In The U.S.

You’re likely familiar with Ann Arbor for its famous college town vibe, spectacular sporting events, and awesome art scene. What you might not realize, though, is that this beloved destination in the Great Lakes State is actually a fantastic spot for foodies. With an impressive and diverse array of eateries, Ann Arbor has earned the title of a top culinary destination in Michigan — and in the entire United States.

Have you been lucky enough to dine at this culinary destination in Michigan? Did we include any of your favorite restaurants on our list? Fill us in by leaving a Facebook comment or, if you think we’ve left something out, recommend another must-try eatery in Ann Arbor by completing our official nomination form here.

If you’re a food fanatic, you’ll want to read about this charming and out-of-the-way diner in Michigan.

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One Of The Largest Restaurants In Michigan Has 12 Dining Rooms And An Unforgettable Menu

Are you ready to enjoy a mouthwatering meal from one of the largest restaurants in Michigan? There’s plenty to be said for enjoying food from a small mom-and-pop diner, but an expansive eatery offers endless charm and surprises around every corner. One such spot in the beloved town of Frankenmuth will satisfy your cravings and take you on a culinary adventure like none other. Get ready for a truly original experience.

For additional information about Bavarian Inn Restaurant, including a full menu, click here. Have you and your loved ones been lucky enough to dig into an all-you-can-eat chicken dinner from this spacious spot during previous trips to Frankenmuth? Share your experiences with us by leaving a Facebook comment or recommend another one of the largest restaurants in Michigan by filling out our nomination form here.

If you’re still feeling hungry, you’ll want to read about this historic restaurant in Michigan.

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