Signs for homes for sale are popping up next to the spring blooms in Bay County. In the last year, there were record numbers of homes sold in the local market.
According to local real estate experts, several factors are likely to have contributed to the housing boom. Regardless of what’s behind the record-setting sales, or the subsequent rise in home values, sellers are smiling.
The value of homes increased by 10% over the past year, according to City Assessor Wade Slivik, adding that there are fewer homes available for sale than are being bought.
Since the last decade, it has slowly increased. However, a year ago, Slivik was unsure that this would continue due to a global pandemic. Currently, Slivik says he is quite pleased with what has happened after daily analysis of the data. Home sales in Bay City reached a record 571 last year.
When looking for mortgage lenders in Bay City, Michigan, PierPoint Mortgage is the ideal contact to make. The mortgage brokers at our firm in Bay City, Michigan have been in the mortgage business for over 50 years. We can explain the various benefits of each loan type to you. As your partner in homeownership, we are committed to making your dreams come true.
Furthermore, we offer reverse mortgages so that a home’s equity can be converted into cash. Payments can be made in a variety of ways, including lump sum cash payments, monthly payments, and equity lines.