There’s A Delicious Restaurant Hiding Inside This Unique Michigan Barn That’s Begging For A Visit

When you’re feeling hungry, the list of restaurants to try here in the Great Lakes State is seemingly endless. You might opt for an upscale seafood restaurant, a tiny waterfront cafe, or a chain eatery that satisfies your every craving. If you’d like to try something truly original, though, one barn restaurant in Michigan certainly deserves your attention. Round up a few hungry loved ones and head out for a bite to eat.

For additional information about the Barn, including full food and drink menus, click here. Have you attended an event or enjoyed a meal at this one-of-a-kind barn restaurant in Michigan during previous outings with loved ones? Share your experiences with us by leaving a Facebook comment or recommend another top dining option by filling out our official nomination form here.

Is your mouth still watering? You might want to read about this nostalgic roadside restaurant in Michigan.

The post There’s A Delicious Restaurant Hiding Inside This Unique Michigan Barn That’s Begging For A Visit appeared first on Only In Your State.

Sellers: Don’t Wait Until Spring To Make Your Move

Sellers: Don’t Wait Until Spring To Make Your Move | Simplifying The Market

As you plan out your goals for the year, moving up to your dream home may top the list. But, how do you know when to make your move? You want to time it just right so you can get the most out of the sale of your current house. You also want to know you’re making a good investment when you buy your new home. What you may not realize is, that opportunity to get the best of both worlds is already here.

You don’t want to wait until spring to spring into action. The current market conditions make this winter an ideal time to move. Here’s why.

1. The Number of Homes on the Market Is Still Low

Today’s limited supply of houses for sale is putting sellers in the driver’s seat. There are far more buyers in the market than there are homes available, and that means buyers are eagerly waiting for your house. Listing your house now makes it the center of attention. As a seller, that means when it’s priced correctly, you can expect it to sell quickly and get multiple strong offers this season. Just remember, experts project more inventory will come to market as we move through the winter months. The realtor.com 2022 forecast says this:

“After years of declining, the inventory of homes for sale is finally expected to rebound from all-time lows.”

Selling now may help you maximize the return on your investment before your house has to face more competition from other sellers.

2. Your Equity Is Growing in Record Amounts

Current homeowners are sitting on record amounts of equity thanks to today’s home price appreciation. According to the latest report from CoreLogic, the average homeowner gained $56,700 in equity over the past 12 months.

That much equity can open doors for you to make a move. If you’ve been holding off on selling because you’re worried about how rising prices will impact your own home search, rest assured your equity can help fuel your next move. It may be just what you need to cover a large portion – if not all – of the down payment on your next purchase.

3. While Rising, Mortgage Rates Are Still Historically Low

In January of last year, mortgage rates hit the lowest point ever recorded. Today, rates are starting to rise, but that doesn’t mean you’ve missed out on locking in a low rate. Current mortgage rates are still far below what they’ve been in recent decades:

  • In the 2000s, the average mortgage rate was 6.27%
  • In the 1990s, the average rate was 8.12%

Even with mortgage rates rising above 3%, they’re still worth taking advantage of. You just want to do so sooner rather than later. Experts are projecting rates will continue to rise throughout this year, and when they do, it’ll cost you more to purchase your next home.

4. Home Prices Are Going To Keep Rising with Time

According to industry leaders, home prices will also continue appreciating this year. While experts are forecasting more moderate home price growth than last year, it’s important to note prices will still be moving in an upward direction throughout 2022.

What does that mean for you? If you’re selling so you can move into a bigger home or downsize to the home of your dreams, you want to consider moving now before rates and prices rise further. If you’re ready, you have an opportunity to get ahead of the curve by purchasing your next home before rates and prices climb higher.

Bottom Line

If you’re considering selling to move up or downsize, this may be your moment, especially with today’s low mortgage rates and limited inventory. Let’s connect today to get set up for homebuying success this year.

The Lighthouse Road Trip On The Coast Near Detroit That’s Dreamily Beautiful

Who says you have to venture to the shores of Lake Michigan or the Upper Peninsula to appreciate waterfront beauty? Those of us who call Metro Detroit home know that there are plenty of stunning shoreline attractions to appreciate along the banks of the Detroit River, Lake St. Clair, and even Lake Erie. When you’re ready to appreciate a few of the prettiest lighthouses near Detroit, embark on this fun road trip.

For an adjustable map of our Detroit lighthouse road trip route, click here.

Have you visited any of these spectacular lighthouses near Detroit during previous family outings? Did one of your favorite spots make the list? We’re always eager to hear from you, so share your thoughts with us in the Facebook comments or recommend another must-visit coastal destination within driving distance of the Motor City by filling out our nomination form here.

Searching for another adventure to enjoy with loved ones? Check out this awesome Detroit natural wonders road trip.

The post The Lighthouse Road Trip On The Coast Near Detroit That’s Dreamily Beautiful appeared first on Only In Your State.

Achieving the Dream of Homeownership

Achieving the Dream of Homeownership | Simplifying The Market

Homeownership has long been considered the American Dream, and it’s one every American should feel confident and powerful pursuing. But owning a home is also a deeply personal dream. Our home provides us with safety and security, and it’s a place where we can grow and flourish.

Today, we remember the legacy of Dr. Martin Luther King, Jr. Many of us will remember his passion and determination for the causes he championed, including his famous “I Have a Dream” speech in 1963. As we reflect on his message today, it may inspire your own dream of homeownership. And if so, know you’re not alone. With a trusted real estate advisor at your side, you can begin your journey toward homeownership by answering the questions below.

1. Where Do I Start?

The process of buying a home is not one to enter into lightly. You need to decide on key things like how long you plan on living in an area, how much space you need, what kind of commute works for you, and how much you can spend.

Then, when you decide you’re ready to buy, you’ll need to apply for a mortgage. Your lender will look at several factors to determine how much you’re able to borrow, including your credit history. Lenders want to understand how well you’ve managed paying your student loans, credit cards, car loans, and other past debts.

According to Freddie Mac:

“To get a rough estimate of what you can afford, most lenders suggest that you should spend no more than 28% of your monthly gross (pre-tax) income on your mortgage payment, including principal, interest, taxes and insurance.”

2. How Do I Save Enough for a Down Payment?

Speaking of how much you can afford, you’ll want to know what to save for a down payment. While the idea of saving for a down payment can be daunting, there are many different options and resources that can help.

According to Business Insider, automatic savings can bring you one step closer to achieving your target down payment:

“If you receive your paycheck as a direct deposit, you may want to arrange for your company to send a percentage of each check directly into a savings account for the down payment. . . . The automatic-savings strategy makes it so you don’t have to constantly remember to save money.”

Before you know it, you’ll have enough for a down payment if you’re disciplined and thoughtful about your process. And the best part is, you may need to save less for your down payment than you think. Your agent and lender can help you understand your options.

3. How Can I Reach My Financial Goals?

Another way to increase your savings is by sticking to a planned budget. If you’ve never budgeted before, there are tools available. For example, MoneyFit.org provides a budgeting worksheet you can use to create your own plan and five rules to follow when you’re saving. They recommend you:

  1. Identify Goals
  2. Record Expenses
  3. Record Earnings
  4. Compare and Calculate
  5. Fix Weak Spots

If you’re already budgeting, consider finding ways to tighten your spending a bit more to accelerate your journey to homeownership. After all, putting even a little extra into your savings each month can truly add up over time.

Bottom Line

As you set out to realize your dream of homeownership this year, know that it’s achievable with careful planning. Most importantly, let’s connect today so you don’t have to walk alone on this journey.

When Is the Right Time To Sell [INFOGRAPHIC]

When Is the Right Time To Sell [INFOGRAPHIC] | Simplifying The Market

When Is the Right Time To Sell [INFOGRAPHIC] | Simplifying The Market

Some Highlights

  • If you’re trying to decide when to list your house, the time is now. There are plenty of buyers eagerly waiting for your home to hit the market.
  • The latest data indicates home showings are rising. There are more buyers than homes for sale right now. That means you’ll likely receive multiple offers, and your home won’t be on the market long.
  • Today’s market favors sellers. If you’re ready to move, let’s meet to discuss the benefits you can expect when you sell this season.

It’s Impossible To Forget These 5 Horrific Winter Storms That Have Gone Down In Michigan History

Whether you’re a fan of winter weather or you’re constantly counting down the days until springtime, there’s no denying that snowstorms can wreak major havoc on life here in the Great Lakes State. When temperatures plummet and roads are coated with ice, it’s tough to escape the extreme forces of Mother Nature. As the seasons march along, let’s take time to revisit five of the worst winter storms in Michigan history.

Do you or your loved ones remember any of these intense winter storms in Michigan? Are you a fan of snowy weather or do you prefer to bask in the sunshine of warmer months? We’re always eager to hear from our readers, so share your thoughts with us in the Facebook comments. If you’d like us to cover another event in Michigan’s history, fill out our nomination form here.

If you’re eager to appreciate the great outdoors, you’ll want to read about these twelve bucket list hikes in Michigan.

The post It’s Impossible To Forget These 5 Horrific Winter Storms That Have Gone Down In Michigan History appeared first on Only In Your State.

The Most Delicious Michigan Road Trip Takes You To 8 Hole-In-The-Wall Coney Restaurants

If there’s one thing we know to be true about Michiganders, it’s that we love our coney dogs. After all, this regional classic simply tastes like home, whether we’re frequent coney consumers or occasional indulgers. While coney dogs are most often associated with Metro Detroit, we’re happy to inform you that there are coney restaurants scattered across the entire state – and this fun road trip will take you to seven of our favorite hole-in-the-wall coney restaurants in Michigan.

Please note: For the sake of time, we’ve limited this road trip to eateries in the Lower Peninsula, though we know there are countless gems in the Upper Peninsula! For an adjustable map of our route, click here.

So, there you have it: a road trip that covers some of our favorite hole-in-the-wall coney restaurants in Michigan. Have you been lucky enough to enjoy a bite from one of these lovely locales during previous dining adventures in the Great Lakes State? Share your favorites with us by leaving a Facebook comment or recommend another top-of-the-line coney spot by filling out our nomination form here.

Is your stomach still growling after reading about all these tasty spots? You’ll want to learn about some of our favorite bucket list-worthy restaurants in Michigan, one for every month of the year.

The post The Most Delicious Michigan Road Trip Takes You To 8 Hole-In-The-Wall Coney Restaurants appeared first on Only In Your State.

What’s Going To Happen with Home Prices This Year?

What’s Going To Happen with Home Prices This Year? | Simplifying The Market

After almost two years of double-digit increases, many experts thought home price appreciation would decelerate or happen at a slower pace in the last quarter of 2021. However, the latest Home Price Insights Report from CoreLogic indicates while prices may have plateaued, appreciation has definitely not slowed. The following graph shows year-over-year appreciation throughout 2021. December data has not yet been released.

What’s Going To Happen with Home Prices This Year? | Simplifying The Market
As the graph shows, appreciation has remained steady at around 18% over the last five months.

In addition, the latest S&P Case-Shiller Price Index and the FHFA Price Index show a slight deceleration from the same time last year – it’s just not at the level that was expected. However, they also both indicate there’s continued strong price growth throughout the country. FHFA reports all nine regions of the country still experienced double-digit appreciation. The Case-Shiller 20-City Index reveals all 20 metros had double-digit appreciation.

Why Haven’t We Seen the Deeper Deceleration Many Expected?

Experts had projected the supply of housing inventory would increase in the last half of 2021 and buyer demand would decrease, as it historically does later in the year. Since all pricing is subject to supply and demand, it seemed that appreciation would wane under those conditions.

Buyer demand, however, did not slow as much as expected, and the number of listings available for sale dropped instead of improved. The graph below uses data from realtor.com to show the number of available listings for sale each month, including the decline in listings at the end of the year.

What’s Going To Happen with Home Prices This Year? | Simplifying The Market
Here are three reasons why the number of active listings didn’t increase as expected:

1. There hasn’t been a surge of foreclosures as the forbearance program comes to an end.

2. New construction slowed considerably because of supply chain challenges.

3. Many believed more sellers would put their houses on the market once the concerns about the pandemic began to ease. However, those concerns have not yet disappeared. A recent article published by com explains:

“Before the omicron variant of COVID-19 appeared on the scene, the 2021 housing market was rebounding healthily from previous waves of the pandemic and turned downright bullish as the end of the year approached. . . . And then the new omicron strain hit in November, followed by a December dip in new listings. Was this sudden drop due to omicron, or just the typical holiday season lull?”

No one knows for sure, but it does seem possible.

Bottom Line

Home price appreciation might slow (or decelerate) in 2022. However, based on supply and demand, you shouldn’t expect the deceleration to be swift or deep.

The Manistee River Trail In Michigan Completely Transforms In The Winter Months

If you love to explore the great outdoors, Michigan is the perfect place to be. No matter what the weather is like outside, there’s always something new to discover – from stunning shorelines to waterfall wonders and everything in between. During the chilly months, you might think that hiking should take a backseat to indoor adventures, but we couldn’t disagree more. Check out this stunning winter trail in Michigan for an unforgettable excursion.

For additional information and a Manistee River Trail map, click here. Have you hiked this breathtaking winter trail in Michigan during previous outings? Did you have the chance to appreciate its snow splendor? Share your thoughts and photos with us by leaving a Facebook comment or recommend another great hiking locale by filling out our official nomination form here.

Ready for another unique place to hike? You’ll want to read about this historic farmstead trail in Michigan.

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The Torch Burger From Torch Bar & Grill In Michigan Is So Good That The Recipe Hasn’t Changed In Over 50 Years

You don’t have to travel far to uncover out-of-this-world deliciousness. After all, Michigan is home to some of the most wonderful eateries imaginable, whether you’re craving a hearty pizza, a plate of seafood, or something entirely unique. When you’re ready to indulge in a mouthwatering and hearty hamburger, one spot will welcome you with open arms – and this timeless burger restaurant in Michigan will keep you coming back for seconds.

For additional information about this one-of-a-kind burger restaurant in Michigan, click here. Have you enjoyed your fair share of Torch Burgers throughout the years? Share your memories and favorite toppings with us by leaving a Facebook comment or recommend another great place to dine by filling out our official nomination form here.

Still hungry? You might want to check out this list of 12 bucket list restaurants in Michigan.

The post The Torch Burger From Torch Bar & Grill In Michigan Is So Good That The Recipe Hasn’t Changed In Over 50 Years appeared first on Only In Your State.