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Margo Borkin

Persistent Perserverance, Consistent Results

248-419-3160
Cell: 248-318-4776
Fax: 248-419-0930
margo@movewithmargo.com
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Here’s to a Wonderful 2021!

Here's to a Wonderful 2021! | Simplifying The Market

Here's to a Wonderful 2021! | Simplifying The Market


Source: KMC

Posted in: Holidays, Time-sensitive, Uncategorized Tagged: Real Estate

Thank You, Essential Workers

Thank You, Essential Workers | Simplifying The Market

Thank You, Essential Workers | Simplifying The MarketTo all essential workers on this Labor Day, thank you.


Source: KMC

Posted in: Holidays, Time-sensitive, Uncategorized Tagged: Real Estate

We Remember & Honor Those Who Gave All

We Remember & Honor Those Who Gave All | Simplifying The Market

We Remember & Honor Those Who Gave All | Simplifying The Market

We remember, today and always.


Source: KMC

Posted in: Time-sensitive, Uncategorized Tagged: Real Estate

The #1 Reason It Is Difficult to Find Your Dream Home

The #1 Reason It Is Difficult to Find Your Dream Home | Simplifying The Market

The headlines in real estate today all revolve around one major point: there is a shortage of homes available for sale. Price appreciation is accelerating again because there is a shortage of homes available for sale. First-time buyers are taking longer to purchase a home because there is a shortage of homes available for sale in the lower price points. Boomers are staying in their current homes longer because there is a shortage of homes available for sale to which they would move. In certain markets, affordability is becoming more challenging because there is a shortage of homes available for sale.

What’s the major reason for this lack of housing inventory?

The issue was examined in a recent article by the National Home Builders Association (NAHB). In the article, Robert Dietz, Chief Economist for NAHB, explained:

“Home building in the 2010s was a story of the Long Recovery. After the Great Recession, the number of home builders declined significantly, and housing production was unable to meet buyer demand…Years of population and household formation growth, combined with relatively reduced levels of home building, have left the market with a critical supply shortage.”

Here are the single-family home construction starts by decade for the last six decades:The #1 Reason It Is Difficult to Find Your Dream Home | Simplifying The MarketObviously, there’s a current shortage of homes for sale because not enough houses were built over the last ten years. To add to the challenge, the U.S. population expanded by more than 20 million people during the 2010s.

Below is a graph showing the number of starts per every million in population. The last decade shows that starts per population were less than half the average of the previous five decades.The #1 Reason It Is Difficult to Find Your Dream Home | Simplifying The Market

There’s good news coming!

The NAHB article explains that there is light at the end of the tunnel.

How confident home builders are in the housing market is a great indicator of how much building is about to get started. The NAHB/Wells Fargo Housing Market Index (HMI) gauges builder perceptions of current single-family home sales and sales expectations for the next six months as “good,” “fair,” or “poor.” The survey also asks builders to rate traffic of prospective buyers as “high to very high,” “average,” or “low to very low.” Scores for each component are then used to calculate a seasonally adjusted index where any number over 50 indicates that more builders view conditions as “good” than “poor.”

Here are the HMI readings going back to 2008:The #1 Reason It Is Difficult to Find Your Dream Home | Simplifying The MarketThe 2019 confidence reading of 76 was the highest since 1999. The January 2020 index came in one point lower at 75. These readings indicate we should see an increase in new residential construction in 2020. Just last week, NAHB Chairman Greg Ugalde stated:

“Low interest rates and a healthy labor market combined with a need for additional inventory are setting the stage for further home building gains in 2020.”

The increase in housing starts has already begun. According to the January report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, single‐family housing starts were up 11.2% and attained the highest level in thirteen years.

Bottom Line

Whether you’re a first-time buyer or a seller thinking of moving up or down, 2020 could be your year with more new construction homes coming to market.


Source: KMC

Posted in: First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, New Construction, Uncategorized Tagged: Real Estate

Here’s to a Wonderful 2020!

Here’s to a Wonderful 2020! | Simplifying The market

Here’s to a Wonderful 2020! | Simplifying The market

We hope 2020 is a great year for you, both personally and professionally!


Source: KMC

Posted in: Uncategorized Tagged: Real Estate

Thank You for Your Support

Thank You for Your Support | Simplifying The Market

Thank You for Your Support | Simplifying The Market


Source: KMC

Posted in: Uncategorized Tagged: Real Estate

Happy Independence Day!

Happy Independence Day! | Simplifying The Market

Happy Independence Day! | Simplifying The Market

Wishing you & yours a safe & Happy 4th of July!


Source: KMC

Posted in: Uncategorized Tagged: Real Estate

Here’s to a Wonderful 2019!

Here’s to a Wonderful 2019! | Simplifying The Market

Here’s to a Wonderful 2019! | Simplifying The Market

We hope 2019 is a great year for you, both personally and professionally!


Source: KMC

Posted in: Uncategorized Tagged: Real Estate

Here’s to a Wonderful 2018!

Here’s to a Wonderful 2018! | Simplifying The Market

Here’s to a Wonderful 2018! | Simplifying The Market

We hope 2018 is a great year for you, both personally and professionally!


Source: KMC

Posted in: Uncategorized Tagged: Real Estate

Thank You for All Your Support

Thank You for All Your Support | Simplifying The Market

Thank You for All Your Support | Simplifying The Market


Source: KMC

Posted in: Uncategorized Tagged: Real Estate

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Get to Know Me!

Margo Borkin Realtor About Margo Client Reviews Margo vs. The Market Resume

Be sure to follow me on FACEBOOK for all the latest in Metro Detroit Real Estate

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Margo Borkin Real Estate

10 hours ago

Margo Borkin Real Estate

You’d think with more time at home I’d be motivated to stay on top of housework. If only it were that easy, huh? ⁣
⁣
The good news is there’s no need for any of us to be in a constant cleaning frenzy. Here's what Good Housekeeping recommends be done weekly:⁣
⁣
• Change sheets⁣
• Dust surfaces and furniture⁣
• Vacuum and mop floors⁣
ª Wash towels⁣
ª Clean bathrooms⁣
• Toss expired food⁣
⁣
Owning a home is a lot of work but totally worth it! If you’re looking to buy and need a realtor you can trust like a friend, send me a message. I’d love to connect.
... See MoreSee Less

You’d think with more time at home I’d be motivated to stay on top of housework. If only it were that easy, huh? ⁣
⁣
The good news is there’s no need for any of us to be in a constant cleaning frenzy. Heres what Good Housekeeping recommends be done weekly:⁣
⁣
• Change sheets⁣
• Dust surfaces and furniture⁣
• Vacuum and mop floors⁣
ª Wash towels⁣
ª Clean bathrooms⁣
• Toss expired food⁣
⁣
Owning a home is a lot of work but totally worth it! If you’re looking to buy and need a realtor you can trust like a friend, send me a message. I’d love to connect.
View on Facebook
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Margo Borkin Real Estate

2 weeks ago

Margo Borkin Real Estate

Just sold in #Greenpointe #westbloomfield

Looking to make a move in 2021? You know what to do #movewithmargo
... See MoreSee Less

Just sold in #Greenpointe #WestBloomfield 

Looking to make a move in 2021? You know what to do #movewithmargo
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Margo Borkin Real Estate

2 weeks ago

Margo Borkin Real Estate

HAPPY NEW YEAR!
I know you’re anxious to give 2020 one final heave-ho way back into last year. (Seriously, me too.) But before zooming into 2021, let’s not miss the chance to reflect on the extraordinary year we’ve just lived through. Pretty sure we’ll never see another one like it!⁣
⁣
(This is where we pause and reflect). ⁣
⁣
Now that that's done, it’s time to stare down 2021 and get serious about making it the BEST year ever! What’s on your mind as you think about the year ahead? ⁣
⁣
• A goal to set or settle?⁣
• A habit to nix or nurture?⁣
• A hobby to ignore or explore?⁣
• A relationship to mend or end?⁣
• A skill to meet or master?⁣
• A house BUY or SELL? (I can help with that!)⁣
⁣
Whatever you aspire to this year, go for it! There’s no time like NOW to take hold of your dreams.
... See MoreSee Less

HAPPY NEW YEAR!
I know you’re anxious to give 2020 one final heave-ho way back into last year. (Seriously, me too.) But before zooming into 2021, let’s not miss the chance to reflect on the extraordinary year we’ve just lived through. Pretty sure we’ll never see another one like it!⁣
⁣
(This is where we pause and reflect). ⁣
⁣
Now that thats done, it’s time to stare down 2021 and get serious about making it the BEST year ever! What’s on your mind as you think about the year ahead? ⁣
⁣
• A goal to set or settle?⁣
• A habit to nix or nurture?⁣
• A hobby to ignore or explore?⁣
• A relationship to mend or end?⁣
• A skill to meet or master?⁣
• A house BUY or SELL? (I can help with that!)⁣
⁣
Whatever you aspire to this year, go for it! There’s no time like NOW to take hold of your dreams.
View on Facebook
·Share

Share on FacebookShare on TwitterShare on Linked InShare by Email

View Comments
  • Likes: 2
  • Shares: 0
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