Saturday, January 26, 2019

Michigan is 182 Today!


Michigan was admitted into the Union on January 26, 1837, as the 26th State.  Of course, our history goes back much further. The name ‘Michigan’ is derived from the Native American ‘Michi-Gama’ meaning “large lake”.

Native Americans are thought to have mined copper in northern Michigan as early as 5000 BCE to 1200 BCE.  It was about 1841 when ‘modern’ mining took over.

Sault Ste Marie was settled by the French in 1668, making it the 3rd earliest settlement in what is now the United States of America.  After the war of Independence, Michigan was included in what was then called the Northwest Territory.

Our oldest County is Wayne, founded in 1815. In 1846 Michigan became not only the first State to abolish the death penalty (except in cases of treason), but the first English-speaking government in the world to do so!

The State Capitol was built in 1879, our State Flower was declared in 1897, the State Bird in 1931, the State Tree in 1955, and the State Stone in 1965. Think you know them? (answers found at the end)

Did you know that Michigan has 3,126 miles of freshwater shoreline?  And as you would expect from the ‘Great Lakes State’, Detroit, Michigan is the home to the only floating post office in the United States.

The Westcott Company was founded in 1874 as a vessel reporting service, then the only way loved ones could know where their sailor family members were on the Great Lakes. Later, it took on duties as a mail delivery service, zip code 48222.  The J. W. Westcott II makes 15-18 deliveries every 24 hours, including mail, packages from FedEx and UPS, and even occasional pizza deliveries.

Sadly, the ‘Wolverine State’ no longer has wolverines in the wild. Some of us call ourselves Michiganians, others, Michiganders.  It’s said that the term ‘Michigander’ was coined by none other than Abraham Lincoln.  In 1848, Michigan Governor Lewis Cass was running for President and (possibly over-) emphasizing his military accomplishments. Mr. Lincoln then gave a speech against Gov. Cass, calling him a ‘Michigander’, possibly to relate him to being as silly as a goose. New research indicates there may have been earlier use of the term, but no doubt that its use in a Presidential campaign would help it get traction.

And with that, Happy Birthday Michigan! 

Answers: State Flower – apple blossom; State Bird – robin; State Tree – white pine; State Stone – Petoskey Stone. Real Michiganians, er, Michiganders knew that already.

Photo: Tahquomenen Falls

Wednesday, January 23, 2019

2019 Real Estate Forecast

Courtesy of Stuart Miles/freedigitalphotos.net

























Depending on what you read (or news you watch), you would get slightly different opinions on how real estate will perform in 2019.  Here's a summary of housing industry sources for you: 


  • National Association of Realtors (NAR) - Home sales will be flat; 3% appreciation rate; inventory will stay tight.
  • Realtor.com - Likely will stay a seller's market for a couple of years as inventory slowly builds; interest rates likely to climb to 5.5% by year's end; about a 2% decline in overall number of homes sold compared to 2018
  • Redfin - Home prices will be flat to 3% appreciation; Interest rates to 5.5% by year's end; more renters will find a way to buy.
  • Zillow - Home values up 3%-4%; Interest rates to 5.8% by year's end; rising home costs and mortgage interest rates will encourage people to stay put.
  • National Association of Home Builders (NAHB) - Builder confidence at 3 year low due to increased costs from labor, lots, laws, lending and lumber.  Prediction is flat to 2% growth in number of new home sales.
  • Mortgage Bankers Association (MBA) - Housing demand will remain strong; mortage rates will hang in the mid-5% range; home prices likely to 'moderate'.
  • Forbes - Mortgage interest rates continue to rise into the mid 5% area; millenials will continue to enter into home ownership; overall home sales to drop 2%; inventory will increase.
These are predictions nationwide.  Local markets vary.  It is still a good seller's market in Livingston County until you get to the homes priced at $400,000 or higher. Other nearby areas may vary somewhat.  Call me at 810-220-1478 if you want info on West Oakland or North Washtenaw.

Edit:  Coincidentally, an article ran in today's (Jan 24, 2019) Detroit Free Press under Steve Pepple's byline on page 5A.  The Metro Detroit summary is that the number of 2018 home sales were down, but prices were up.  For Livingston County, the median sales price was up 6.3% to $270,000 and the number of sales (2,721) were down 8%. I'll be analyzing the full 2018 data in the next couple of weeks.


Thursday, January 17, 2019

Student Loan Debt Hurts Young Home Buyers

courtesy of Stuart Miles/freedigitalphotos.net

A recent Federal Reserve study has found that high student loan debt especially hurts the 24 - 32 year old population that want to buy a home.

Credit scores and the cost of credit and loans also plays a part in the downturn of home ownership across the spectrum of potential purchasers.

Jeff Cox of CNBC has a great, short article, which you can read here.

Friday, January 04, 2019

Michigan "High Outbound" State According to Movers' Study

United Van Lines' National Movers Study has Michigan at number 10 in its outbound moves for 2018.  United Van Lines also does a survey to find out why people move.  A top reason is career change (roughly 50%) but the migration to southern and western states often show reasons like job growth, lower costs of living and more temperate climates.

Top Five Outbound States?  New Jersey, Illinois, Connecticut, New York and Kansas.

Top Five Inbound States?  Vermont, Oregon, Idaho, Nevada, and Arizona.

For this study, 55% or more (of either inbound or outbound) got you a "High" rating, and "Balanced" if the difference between in- and out-bound was negligible.

You can see the full report at: https://www.unitedvanlines.com/contact-united/news/movers-study-2018

Thursday, January 03, 2019

What The Heck Is Radon??

Very simply, radon is an odorless, colorless gas that is the second leading cause of lung cancer.  Unless you test for it, you don't know if your home is safe.

January is Radon Awareness Month, and in Livingston County, most municipalities (Cities, Villages and Townships) are offering free radon testing kits.  These are 7 day samples, and they are easy to use.

If your radon levels are above EPA recommended values, there are ways to mitigate your exposure.  Call your local government office to see if they have free kits.  If none are available, call the Livingston County Health Department at 517-546-9851. 

You can also download the EPA's 'Citizen's Guide to Radon' by this link.