Here is his quick synopsis on that particular article;
"I think Zillow's chief Economist did a pretty good job talking about the Millennials and their potential buying trends for 2015. I also feel that we will see the trend increase towards the purchase as they experience increased rental rates, it only makes sense to own and grow the investment even at a minimal rate. While he mentions less expensive being important I do think he is forgetting that they also come from a perspective now that having the 3000+ square foot house is not of interest, the millennial generation is a much more mobile group, they are not going to be a family of 6, and they are far more eco-friendly than any of the other generational profiles. As the buyer market reemerges from its long hiatus this will help the Millennial's step into the market, again they didn't want to play with competing offers and the stress of the Sellers market, low inventory and difficult mortgage processes. It will be exciting to see the new Millennial group take it's first steps towards home ownership."
#MCM Monday Classic Movers
Here's is RE/MAX Classic's #MCM this gem in Saint Clair Shores! A fantastic Ranch Style Home with plenty of perks!! From a large fenced in yard to an updated kitchen! You must check this home out and it's an easy show too! Contact us for more information on the property an many more! Click the picture for more information!!
RE/MAX Classic Thanksgiving ReCap
Yesterday was Thanksgiving and this whole week across the company from the Realtors to the staff our cups are overflowing with Gratitude! From Farmington Hills to Canton to Novi to Milford our Classic Family has been busy with business, clients, new endeavors, and family events too! We were downtown Detroit at the Turkey Trot with Realtor Becky Johnson, to America's Thanksgiving Parade with Realtor Shelley Pies, to Tailgating Downtown for the Detroit Lions game with Realtor Amanda Richardson. Finally lets get to the Thanksgiving Dinners! We were all with our families, friends, and loved ones enjoying goodies from sweet potato casseroles to pumpkin pies! We are so grateful to have time with loved ones in our homes and family's. So many more events still happening throughout the Metro Detroit Area this weekend!
Saturday November 29th, 2014 5:30pm
Wild Lights at the Detroit Zoo in Royal Oak
Pearls of Wisdom at the Kelsey Museum of Archeology in Ann Arbor
Rapunzel! Rapunzel! A Very Hairy Fairy Tale at the Costick Center in Farmington Hills
Kidstruction Zone Exhibit at the Michigan Science Center in Detroit
A Christmas Carol at Meadow Brook Theatre in Rochester
Skate at the Rink at Campus Martius Park
Windows of Opportunity at the Detroit Historical Museum
Passenger Pigeons at the U-M Museum of Natural History in Ann Arbor
Gift of the Magi at the Performance Network Theatre in Ann Arbor
Michigan: Cradle of Life Exhibit at the U-M Museum of Natural History in Ann Arbor
Miracle on 34th Street at the Avon Players Theatre in Rochester Hills
Birmingham Santa House
Ice Age Unfrozen at the Michigan Science Center in Detroit
South Pacific at the Players Guild of Dearborn
'Journey to the South Pacific' at the Michigan Science Center's Chrysler IMAX Dome Theater
Holiday Drive for Foster Children at the For The Seventh Generation Help Closet
Earthy Treasures at Pewabic Pottery in Detroit
Island of Lemurs 3D at the Henry Ford IMAX Theatre in Dearborn
Photographs from Detroit Exhibit at the Detroit Institute of Arts
Holly Dickens Festival
BalletMet's The Nutcracker at the Detroit Opera House
Women of Vision Exhibit at the Cranbrook Institute of Science in Bloomfield Hills
Ordinary People by Extraordinary Artists at the Detroit Institute of Arts
Wayne County Lightfest at the Merriman Hollow Park Area in Westland
Festival of Trees at the Ford Community & Performing Arts Center
Christmas Caroled at the Encore Musical Theatre Company in Dexter
Rapture, Blister, Burn at the Matrix Theatre Company in Detroit
The Art of Video Games at the Flint Institute of Arts
Michigan Science Center's Buy One, Get One Free Admission in Detroit
(Click the Pictures for Direct Links to additional Facebook Media)
REALTOR Diane Braykovich in Downtown Detroit for the Parade
REALTOR Amanda Richardson Downtown for the Detroit Lions Game
REALTOR Shelley Pies at America's Thanksgiving Parade with her Family
REALTOR Kim Cryderman with some good buddies of her's on Thanksgiving Eve
at Red Dog Saloon in Milford
REALTOR Becky Johnson in Downtown Detroit for the Turkey Trot 5K
Four Steps to Reclaim Your Space After Life Changes ...
Life events like purchasing a new home or a child moving out can leave homeowners facing a bare and empty room — and a decorating challenge.
We understand how overwhelming this proce...ss can feel. To begin the transformation, the design experts at Decor&You, a leading interior decorating franchise, encourages homeowners to visualize their empty space as a blank canvas where they have the opportunity to create a masterpiece.
“Finding yourself in a position to completely design a room is a rare occasion and can be exciting,” stated Karen Powell, founder and CEO of Decor&You. “While the idea of decorating a room from scratch appears daunting, maintain a positive attitude and harness the situation as an opportunity to reclaim your space and make it your own. With the right approach, you can make the task of decorating into an enjoyable experience.”
Powell offers these simple guidelines to create a space you love:
•Assess the room:
The first step in design is to get acquainted with the room. Gather measurements, make notes of large windows, doors and built-in shelves, and familiarize yourself with the geometry and space provided. By learning the shape of the room, you’ll have insight into what furniture and décor pieces will best complement the room’s silhouette.
•Find something you love
Redecorate. The next step is to determine the overall theme. While it’s typical to be overwhelmed by an infinite selection of colors, selecting a theme helps the rest of the room’s décor fall easily into place. One of the most effective strategies to ensure organized and cohesive décor is to start with something that you love. Whether it is a large sofa, a tiny, eccentric statement piece, a color, pattern or piece of art, this focal theme will dictate the remainder of the decorating process.
•Make it happen
Reflect back on your theme and what you love; then, start with the basics. How can you create a background to support the color(s) in your theme? Where and how can you incorporate these via paint, wall coverings, pillows, bedding, a throw, an area rug, etc.? What is needed for the function of the room?
After you have decided on a wall color and furniture pieces, the final detail is to place everything thoughtfully. Ponder the purpose of the room and picture yourself living in the space. Consider what it’s lacking in order to reach its full, functional potential. This is the time to emphasize “you”. Visualize different embellishments. Try turning a hobby, such as a painting easel or book collection, into a display, or create a gallery by placing photos in matching frames.
Shared Courtesy of Décor & You
Text to 911 Rules
Imagine an intruder enters your home. You hide in the closet. Fortunately, your cell phone is in your pocket. Calling 911 might alert the intruder to your whereabouts before help arrives, but texting 911 could save the day -- if it's available in your area and enabled by your cell phone or messaging provider.
The Federal Communications Commission (FCC) recently approved new text-to-911 rules, requiring all wireless carriers and some messaging services to allow people to text 911 in an emergency. The new rules will be a burden on local call centers, a boon for wireless carriers and a potential lifesaver for people in life-threatening situations.
The FCC rules also impose some tight deadlines. Wireless carriers and "interconnected text providers," including Apple's iMessage and Google Voice, must allow texts to 911 by December 31, 2014. All 911 call centers must be equipped to receive messages by June 30, 2015.
There's currently limited support in certain counties of Indiana, Texas and 14 other states. More call centers are expected to begin implementing or testing emergency texting software in response to the FCC's new rule, however.
How do you know if 911 texting is available where you live and work? Check out the FCC website for a current list of text-compatible locales.
Emergency texts aren't intended to replace emergency voice calls. But 911 texting could be helpful in volatile, life-threatening situations -- such as home invasions, assaults, hostage and domestic violence incidents -- when victims don't want the perpetrator to know that they're seeking help for fear of escalating matters. People contemplating suicide also may prefer texting to speaking directly with a 911 operator.
However, in areas where text-to-911 works, emergency texts may be a better method of contact when mobile device networks are congested, because texts use less bandwidth than voice calls. And as we've learned during emergencies, such as the Boston Marathon bombings or the September 11 terrorist attacks, cell networks can slow down or service can become inoperable.
The ability to text 911 could also help people who are hearing-impaired or physically unable to speak due to injuries, strokes and cardiac emergencies. As tech-savvy Baby Boomers age and experience health problems, text-to-911 capabilities could become increasingly beneficial.
Outdated Call Centers and Other Obstacles
Four major mobile providers -- AT&T, Sprint, T-Mobile and Verizon -- voluntarily enabled texting to 911 in May. But text-to-911 implementation by providers isn't a sure-win. Less than two percent of emergency call centers are currently equipped to handle text messages. Instead, they're stuck with legacy systems that do not give them easy access to the Internet or text messaging. The FCC estimates that it could cost $3 billion for all domestic call centers to become fully operational.
Although the FCC has given its stamp of approval on the text-to-911 policy, it's likely to face delays if states and localities challenge its costly and swift implementation. Technically, the FCC doesn't have the authority to require call centers to become text-compatible -- that's a decision for individual counties and states to make (see the right-hand box "Vermont and Maine Lead the 911 Texting Movement").
Location tracking creates another obstacle. When a person calls 911 on a landline, his or her phone number and approximate location is automatically displayed on the calling center's phone line. This is called "Enhanced 911." However, when you text 911 from a cell phone today, the call center usually won't receive the automated information. Carriers may need to figure out a way to bypass privacy laws and automatically enable location-tracking services for emergency calls and texts.
If you're considering sending an emergency text to 911, keep these guidelines in mind:
Use texting only when calling 911 isn't an option. If you have hearing or speech disabilities, use telecommunication devices for the hearing impaired or a telecommunications relay service, if possible.
Expect to wait longer for a text response. Emergency texts aren't always instantaneous. Texts may take longer for the call center to process and for operators to enter a response. Texts also may be delayed if the cell phone is roaming or lacks a strong signal.
Don't text 911 unless your mobile contract includes a texting package. Your phone must be text-enabled in order to make emergency texts, unlike 911 voice calls that go through even without a voice plan. This is food for thought for employers who don't allow employees to text from company-owned devices. Check out the National Emergency Number Association (NENA) website for 911-texting rates charged by providers in your area.
Provide location information, including the street address and city, in your first 911 text. Operators usually cannot quickly determine a sender's exact location from a text.
Avoid using text abbreviations. They might save time but they can potentially cause confusion.
Only text 911 in emergency situations that require an immediate response from police, fire or emergency medical services. Contact non-emergency lines for less urgent needs.
Most importantly, never rely solely on text to reach 911. Until mobile providers and local call centers can overcome the numerous obstacles to emergency texting services, many people won't be able to reach 911 by sending a text message. But the FCC's new rule is an important step toward making 911 texting widely available across all 50 states in the future.
Shared Courtesy of Couzens Lansky
Home Owners Have Big Interior Design Plans
Only 2 percent of more than 1,700 home owners in the U.S. and Canada surveyed recently by the remodeling website Houzz say they have achieved their design vision for their homes. On average, m...ost home owners say they’re only halfway there with the home’s décor.
Forty-four percent of the home owners surveyed say they would like to do a complete overall of the décor of their homes, while 36 percent say they just want to refresh their existing décor.
What’s guiding their décor decisions? Personal style and comfort, the survey finds, while basing decisions on current design trends is a low influencer.
Younger home owners tended to say more often than older home owners that they wanted to get more “bold and dramatic” with their décor choices, such as incorporating wallpaper and brighter color schemes.
Among some of the survey’s findings: • White paint is the most popular wall covering. • Artwork is sprucing up more wall décor. One-in-five of home owners say they use art prints and original art to decorate their home’s walls. • Accent walls remain popular but are most likely to be reserved for the study/home office, followed by a kids’ room or the master bedroom. • Solids are the most popular fabric choice, followed by classics like stripes and florals. However, home owners under the age of 45 are more than twice as likely to use Chevron patterns than home owners over the age of 45. • Hardwoods are the most desired flooring throughout a home, but 38 percent of home owners also said they planned to add carpet in the master bedroom. • Nearly two-thirds of home owners are creating living rooms in the master bedroom by adding seating, a fireplace, or even a mini-fridge, the survey found. • Dining rooms are getting more use and attention. Nearly three quarters of home owners surveyed say they use their dining room on a weekly basis. They most want to decorate the dining rooms with rectangle tables in dark wood or glass tables, with seating available for up to six people.
Source: 2014 Houzz Decorating Trends Survey
Taste, Savor and Explore the Flavors of Pure Michigan
Fall is a natural time to share good food, good wine and good friends ... What's on your menu - lots of great things right here in Michigan ...
Enjoy Michigan’s culinary tourism exploits this fall with a variety of events celebrating wine, beer, cider, all of autumn’s bountiful harvest products at taste festivals across Michigan. As summer fades and fall takes center stage, Michigan’s agriculture and food scene boasts the season’s best in a number of enticing ways to toast Michigan’s culinary pride. From Kent Harvest Trails to Brighton’s Farm-to-Table Experience, there’s a great festival taking place in your corner of the mitten.
Michigan offers some of the richest food experiences anywhere. This fall, there are a variety of events that showcase the best food from the state. With the high diversity of Michigan agricultural crops, there are many opportunities to partake in culinary tourism experiences that celebrate the “Flavors of Pure Michigan.”
Payment shock among holders of home equity lines of credit (HELOCs) is a growing concern as 2.5 million HELOCs are scheduled to reset over the next three years, according to the latest Mortgage Monitor Report from Black Knight Financial Services.
In fact, the average HELOC holder faces a monthly payment increase of $250 sometime in the next three years as he or she reaches the end-of-draw period and has to begin making principal and interest payments on his or her HELOC loan, according to Black Knight Financial Services' data.
Furthermore, the analysts at Black Knight Financial Services point out, the average HELOC borrower is currently using a little less than 60 percent of his or her available credit, leaving open the possibility of borrowing more before his or her HELOC resets.
"Further draws on these lines—for those that have not been locked—could result in 'payment shock' after they are reset that is even higher than the national average of $250 per month," said Kostya Gradushy, manager of research and analytics at Black Knight Financial Services.
Looking ahead, things don't get much better, according to Black Knight Financial Services. Beyond the next three years, Black Knight Financial Services predicts still-high payment increases as the next phase of HELOCs resets. Borrowers with HELOCs scheduled to reset in 2019 are using an average of about 40 percent of their available credit and will incur payment increases of about $200 per month based on their current rates.
"Should their drawing pattern match that of older vintages, we could be looking at a significantly higher risk of 'payment shock' for this segment," Gradushy said.
TransUnion expressed similar concerns recently, stating default risk for about $79 billion in HELOCs may grow over the next few years. Those with equity in their homes will be best able to absorb any "payment shock," according to TransUnion, as they may have the options to refinance their loans or sell their homes.
Meanwhile, borrowers are flocking to HELOCs with increasing magnitude. Originations of HELOCs are up 18 percent over the year at the national level and as much as 74 percent in one state.
Nevada, Michigan, Rhode Island, and Florida charted the greatest increases in HELOC loan originations—at least 50 percent in each state—while a few states have demonstrated sizable declines in HELOC originations. Mississippi, Nebraska, Wyoming, Iowa, and North Dakota have all experienced declines of at least 27 percent this year, according to the Mortgage Monitor.
Overall, mortgage loan originations for the month of June totaled 466,000, down 3.6 percent over the month and 40 percent over the year.
Refinances made up 32 percent of originations in July, according to the Mortgage Monitor.
Report: Housing in U.S. Not Set Up to Handle Aging Population
Not Surprising as our Senior Housing Market Continues to Grow ...
The U.S. is not prepared to accommodate the country's rapidly growing older population where housing need...s are concerned, according to a report by Harvard Joint Center for Housing Studies and AARP Foundation released on September 2.
The report, entitled Housing America's Older Adults – Meeting the Needs of an Aging Population, estimates that the population of adults age 50 and above will reach 133 million by 2030, a jump of more than 70 percent since the year 2000. But while their numbers are rapidly increasing, the amount of housing that is affordable, physically accessible, and located well is not, the report said.
"Recognizing the implications of this profound demographic shift and taking immediate steps to address these issues is vital to our national standard of living," said Chris Herbert, acting managing director of the Harvard Joint Center for Housing Studies. "While it is ultimately up to individuals and their families to plan for future housing needs, it is also incumbent upon policy makers at all levels of government to see that affordable, appropriate housing, as well as supports for long-term aging in the community, are available for older adults across the income spectrum."
The report found that the rising cost of housing often forces older adults (about 33 percent of Americans age 50 and above and about 37 percent of Americans 80 and above) to cut back in other areas such as food, health care, or retirement savings. And they may be paying those high housing costs for a home that does not even meet their needs, the report found.
Many of the nation's homes lack accessibility features such as no-step entries that are necessary in order for older Americans with disabilities cannot live comfortably in their homes, the report said. Furthermore, transportation is an issue for older Americans who do not drive; often they are forced to live in homes that are in car-dependent areas and are not near accessible transportation, which tends to isolate them from friends and family, the report said. Another issue the aging population faces is that older adults who have disabilities or long-term health care needs are at risk of being prematurely institutionalized due to disconnects between the housing and healthcare systems, according to the report.
The younger baby boomers in their 50s now may not be able to cover the cost of housing in their retirement years due to lower incomes, increased debt, and the rising costs associated with owning a home. The report indicated that most people over age 45 prefer to remain in their current homes, an estimated 70 percent of them will need some type of long-term care by the age of 65 and their housing situation may not be adequate.
"As Americans age, the need for safe and affordable housing options becomes even more critical," said Lisa Marsh Ryerson, president of the AARP Foundation. "High housing costs, aging homes, and costly repairs can greatly impact those with limited incomes. The goal in our support of this report is to address the most critical needs of these households and it is AARP Foundation’s aim to provide the tools and resources to help them meet these needs now and in the future."
Shared Courtesy of DSNews
First bump up in minimum wage is here
An increase in Michigan's minimum wage is set to launch, and with it comes a test of whether the gradual rise will help workers, harm businesses or neither.
The first bump came yesterday, when the wage moves up 10 percent, from $7.40 an hour to $8.15. The 25 percent overall raise comes in annual increments, capping at $9.25 in 2018. It directly affects about 4 percent of the state's roughly 2.5 million hourly workers who earn the minimum wage or lower, but it could help some who make more since employers likely will adjust their pay scales.
The state's first rate increase in six years comes amid others around the country, though Michigan's rise is the slowest. It also arrives not through a natural groundswell of support, but because of a move by Republicans controlling state government this spring to head off a November ballot measure — since rejected by the Board of State Canvassers over a lack of qualified signatures — that could have raised the wage even more.
What's more, $9.25 will only be worth about $8.50 by 2018 if current inflation trends continue, Ballard said. Still, he said, the immediate gains should outweigh the losses.
"I think there are some cases where an employer wouldn't hire someone, but those effects are going to be small," he said. "I predict the total number of dollars going to the affected group of workers will go up. Most of them will receive a 10 percent increase in wages and not get laid off."
For one group advocating for the poor, the wage increase is a good step but not enough to counter a gender wage gap and reverse wage losses. The Michigan League for Public Policy seeks an increase to $10.10 an hour — the amount sought by the derailed ballot initiative — and other policy changes.