Ann Arbor is the 6th largest city in the state of Michigan and home to the University of Michigan. The University of Michigan and it’s health system is the largest employer with around 30,000 total employees with nearly 12,000 in the medical center alone. High tech firms are also becoming important in Ann Arbor with large operations for Google and smaller firms such as Duo Security.
Popular neighborhoods such as Burns Park allow residents to live only steps from downtown. A vast system of public transportation makes commuting downtown and to campus possible from nearly any area of the city. Downtown features a year-round farmer’s market in the Kerrytown neighborhood. Dining downtown varies from traditional steakhouses, farm to table establishments and global cuisine.
Neighborhoods in Ann Arbor include:
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February 22nd, 2020
The Overlooked Financial Advantages of Homeownership
The Overlooked Financial Advantages of Homeownership There are many clear financial benefits to owning a home: increasing equity, building net worth, growing appreciation, and more. If you’re a renter, it’s never too early to make a plan for how homeownership can propel you toward a stronger future. Here’s a dive into three often-overlooked financial advantages of homeownership and how preparing for them now can steer you in the direction of greater stability, savings, and predictability. 1. You Won’t Always Have a Monthly Housing Payment According to a recent article by the National Association of Realtors (NAR): “If you’ve been a lifelong renter, this may sound like a foreign concept, but believe it or not, one day you won’t have a monthly housing payment. Unlike renting, you will eventually pay off your mortgage and your monthly payments will…
February 21st, 2020
The #1 Misconception in the Homebuying Process
The #1 Misconception in the Homebuying Process After over a year of moderating home prices, it appears home value appreciation is about to reaccelerate, which brings about the biggest misconception in home buying. Skylar Olsen, Director of Economic Research at Zillow, explained in a recent article: “A year ago, a combination of a government shutdown, stock market slump and mortgage rate spike caused a long-anticipated inventory rise. That supposed boom turned out to be a short-lived mirage as buyers came back into the market and more than erased the inventory gains. As a natural reaction, the recent slowdown in home values looks like it’s set to reverse back.” CoreLogic, in their January 2020 Market Pulse Report, agrees with Olsen, projecting home value appreciation…