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.
Ann Arbor gets its rather unusual name from it’s founders, both of whom were married to woman named Ann, and the stand of oak trees where it was founded. Ann Arbor consistently ranks high on lists for Best College Towns and Best Towns to Live in America. The city has also been voted as the most educated town in the United States, which a high percentage of residents having professional or graduate degrees.
Ann Arbor is also home to the world’s largest stadium for football, Michigan Stadium, known as The Big House. Seating 107,601 fans the stadium has a streak of 100,000 plus fans that goes back to October 25, 1975! Michigan Stadium has also recently hosted hockey and soccer games as well.
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.
Ann Arbor is a big time sports city there’s always something going on from football, basketball hockey and even gymnastics, the team that won the most recent national title at the University of Michigan. Michigan Stadium, known as The Big House, allows sports fans to watch football in the largest stadium in the United States.
The People of Ann Arbor, MI
Non-native NewbiesForeign-born individuals who just moved to U.S.A significant proportion of people who have moved to the U.S. from Puerto Rico, the U.S. Island Areas, or a foreign country. Wide age range. Some have a high school or college education, and they work in a variety of occupations.
Urban Power FamiliesHigh-income couples with children.Six-figure salaried couples with children who live an upscale life in a metro center. Highly educated professionals working in finance, medical, and high-tech fields.
Power SinglesHigh-income urban singles.Highly educated professionals, many with advanced degrees. They draw a handsome salary and have reasonable living expenses while living a hip, upscale life in an urban center.
College LifeStudents in higher education. These individuals are enrolled in college or graduate school.People in college or graduate school.
Multi-lingual UrbanitesUrban dwellers who speak more than one language.Some have a high school or college education, and they work in a variety of occupations. Moderate to upper-scale earning potential.
Urban Power Families
Sell your home with confidence using one of the top agents in the country.
It’s no secret that Amazon’s presence has the ability to make or break a housing market, so it should come as no surprise that metros surrounding its upcoming HQ2 location are now thriving. If you want to purchase a home in Arlington or Alexandria, Virginia, which are the two...
Read Full Article
Americans are making tough choices to be able to afford housing. More than a third of renters and homeowners have been forced to reduce spending on essential items like food and utilities in the past two years, according to a Freddie Mac report.
Read Full Article
A recent study by Urban Institute shows that only two U.S. cities have successfully closed the gap between Hispanic and non-Hispanic white ownership. In order to analyze the disparity, Urban Institute studied the 100 U.S. cities with the largest number of Hispanic households. Here's...
Read Full Article
May 2nd, 2019
Your Dream Home May Be in Reach
Your Fabulous New Dream Home is Now Available Over the last several years, many “baby boomers” have undergone a metamorphosis. Their children have finally moved out and they can now dream about their own future. For many, a change in lifestyle might necessitate a change in the type of home they live in. That two-story, four-bedroom colonial with three bathrooms no longer fits the bill. Taxes are too high. Utilities are too expensive. Cleaning and repair are too difficult. When they decide to travel to be with friends and family, locking up the house is too time-consuming and worrisome. Instead, a nice ranch home with 2-3 bedrooms and two baths might better fulfill their new needs and lifestyle. The challenge many “boomers” have faced when trying to downsize to the perfect new home has…
May 2nd, 2019
Keeping Housing Affordable
2 Trends Helping Keep Housing Affordable Two positive trends have started to emerge that impact the 2019 Spring Housing Market. Mortgage interest rates for a 30-year fixed rate loan have dropped to new lows, right as reports show that wages have increased at their highest rate in decades! These two factors have helped keep housing affordable despite low supply of houses for sale driving up prices. First American’s Chief Economist, Mark Fleming, explains the impact, “Ongoing supply shortages remain the main driver of the performance gap as the housing market continues to face an inventory impasse – you can’t buy what’s not for sale. However, an unexpected affordability surge, driven primarily by lower-than-anticipated mortgage rates, rising wages and favorable demographics, has boosted housing demand.” Mortgage interest rates had been on the rise for most of 2018…
April 11th, 2019
A Home for Retired Life
What to Consider When Choosing Your Home To Retire In As more and more baby boomers enter retirement age, the question of whether they should sell their homes and move has become a hot topic. In today’s housing market climate, with low available inventory in the starter and trade-up home categories, it makes sense to evaluate your home’s ability to adapt to your needs in retirement. According to the National Association of Exclusive Buyers Agents (NAEBA), there are 7 factors that you should consider when choosing your retirement home. 1. Affordability “It may be easy enough to purchase your home today but think long-term about your monthly costs. Account for property taxes, insurance, HOA fees, utilities – all the things that will be due whether or not you have a mortgage on the property.” Would moving to a complex with homeowner…