The Housing Bubble Debate

Given how hot the housing market has been, you may have heard talk of a housing bubble in the media. Let’s break this down and analyze what causes a housing bubble. In typical bubble-like conditions, as we saw during the last housing bubble, there is a decline in demand and a large amount of supply. Back in 2007, there were roughly 3.7 million homes for sale and not enough demand to sop up thRead More…

Mortgage Market Update – Inflations and Interest

This Week’s Update from Victor The weather isn’t the only thing warming up today for our ‘Michigan Weather’ at it’s finest; home construction is on the rise while consumer inflation is heating up! March brought some good news for homebuyers struggling with limited inventory. Housing Starts (which measure the beginning of construction on homes) were up almost 20% from February when bad weatheRead More…

Market Update – 1st Quarter 2021 Personal and Financial Health

WOW! What a first quarter in the real estate and mortgage world. Today I would like to update everyone on a personal health issue I had to deal with. Back in quarter 4 of 2020, my father was diagnosed with stage 3 vascular dementia, then Alzheimer’s, and then a brain tumor the size of a golf ball. Most times he does not even know I am his son. This weighed heavily on me in December regarding Read More…

Certified Mortgage Advisor at your Service

VICTOR BALS – CERTIFIED MORTGAGE ADVISOR What does this mean? CMA Certified Mortgage Advisor™ is designed to educate and elevate the level of mortgage professionals knowledge and interpretation of our industry. This program encompasses 30 years of Barry Habib’s mortgage market and economics experience into a fast-paced and exciting designation for today’s Loan Officers. NATIONAL ASRead More…