The Perna Team Blog - Blog Archive: September, 2015

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24139 Broadmoor Park Blvd, Novi MI

$599,000 | 5 | 5.2 | 5739
Price Point | Bedrooms | Bathrooms | Square Feet
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Property Summary 

24139 Broadmoor Park Boulevard, Novi 48374

You have the opportunity to call this beautiful and pristine 5 bedroom 5.2 bath estate home! Nestled on one of the nicest corner lots in the luxurious Broadmoor Park neighborhood of Novi, this Colonial Contemporary home features gorgeous hardwood floors throughout the entire entry level. The large kitchen features a granite island, plenty of cabinet space, updated fixtures and stainless steel appliances.

The family area has soaring ceilings, gas…

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Wells Fargo Down Payment Assistance LivoniaWells Fargo’s HomeLift Program, NeighborWorks America® and its network member Southwest Solutions is offering down payment assistance grants of $15,000 for eligible homebuyers with annual incomes that do not exceed 120 percent of the local area median income – which is about $81,250 for a family of four in the five Wayne County cities of Detroit, Hamtramck, Highland Park, Livonia or Dearborn.– with income maximums varying depending on family size and type of loan. 

“Making homeownership more affordable will help hard-working families and individuals to achieve homeownership, which will strengthen our neighborhoods,” said Mayor Mike Duggan.  “This innovative public-private partnership will make a significant difference for eligible homebuyers with…

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Livonia FHA loans change

As of Sept. 14, 2015, the Federal Housing Administration (FHA), a part of the U.S. Department of Housing and Urban Development (HUD), will be changing their guidelines thus making it more difficult for people with student loans or less-than-perfect credit to buy a home. The FHA insures mortgages and provides lenders with protection against losses as the result of homeowners defaulting on their mortgage loans, and has insured over 34 million mortgages since its start up in 1934, according to HUD.  

With Livonia leading the number of FHA loans between its surrounding areas such as Northville, Novi, Farmington, and Plymouth, these guideline changes could affect the number of Livonia FHA loans that get approved.

According to the National Association…

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I was doing a bit of market research lately and found some information you might find helpful.

The expert analysts over at Keeping Current Matters have filed their report for the Fall of 2015, and it appears things are looking up in real estate.

Michigan’s appreciation has improved by 7%, over 2% higher than the East North Central region average of 4.51%. This is nothing but good news for Farmington home values as well as surrounding areas.

According to numbers gathered by the Federal Housing Finance Agency (FHFA), home prices have risen in every region since this time last year.

The FHFA report shows that every state is appreciating at a different rate. While some states are experiencing more rapid appreciation than others, there…

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