Fed Cuts Rate Again This will be a big shot in the arm for home sellers and buyers in the greater Lansing real estate market. In addition to today's good news, NAR Says the Economic Stimulus Legislation Will Help Jumpstart Sluggish Housing Market .

Inventory remains high throughout the suburbs of Okemos, Holt, Grand Ledge and Dewitt, which means buyers have plenty to pick from.

An Online mortgage calculators are a good place to start, but as you get closer to being ready to buy, there is no substitute for a written mortgage pre-approval. Just speaking to your lender is an extremely worthwhile venture – this is the only way to really get an in-depth picture of your overall financial picture and to discover exactly what you can reasonably afford to spend on a home (and possibly on renovating).

"Expect the Best" Mike

Well, here's the 4th Quarter results for the greater Lansing real estate market, although it's history now, it does give us some solid facts and figures to measure our upcoming spring market for 2008. Note, that the report breaks down each community so you can get facts and figures on Grand Ledge, Holt, Okemos, Dewitt and all the other areas of Lansing. I have also included the NAR update on homeownership. The reason for this is because there has never been a better time to buy a house then right now. Interest rates are at new lows, there is plenty of properties to pick from, and pricing has came back to reality after the inflated numbers we saw from 2001 to 2005.

Start equipping yourself with the tools necessary to make your best home purchase. In most businesses, knowledge equals power, and real estate is certainly no exception. You can get additiional FREE Reports here. You can also visit my sidebar for more articles on real estate.

"Expect the Best" Mike

Bedroom community living in the greater Lansing real estate market has plenty to offer, in addition to a great variety of homes for sale.

Here are four such areas being highlighted for your home buying research. Downtown Dewitt has plenty to offer the consumer when it comes to businesses. The Downtown Development Authority has made great strides to promote the quality of living in a small community. Grand Ledge  has plenty of wonderful businesses, churches, and community activities. Grand Ledge is a great place to live, and close to Delta Township, which offers great schools, churches, and businesses. Okemos is part of Meridian Township that makes up a vast area, offering a strong sense of community, an active parks and recreation department and great school system.

In the event you are researching communities, you can always visit MikeBowler.com for information on all the communities, buying and selling a home, and much more.

"Expect the Best" Mike

Home Buyers in the greater Lansing real estate market thinking that rates have to drop further before you make a move, I am pleased to share with you, that pricing and rates will cross paths eventually and you could miss opportunities for low rates, low prices and more to pick from.

Coldwell Banker Mortgage Co. Just sent this to me. The average principal and interest payment on a $250,000 loan has dropped by $131.83 per month since August 3, 2007.

The National Association of REALTORS  has launched a new website reaching out to consumers with the facts about homeownership and the value of real estate as a long-term investment.

Here are some additional tips for the first time homeowner. You are always welcome to call me at 517-492-3400 with your questions, visit my website or email: mike@mikebowler.com

"Expect the Best" Mike