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KMBZ>Audio & Video on Demand>>Life As You Own It 4.16.14 Segment 3

Life As You Own It 4.16.14 Segment 3

Apr 16, 2014|

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  1. Life As You Own It 7.24.14 Segment 3

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    Thu, 24 Jul 2014

     

    housing market found at 2:48

    see and an increasing and increasing the age of the first time home buyers . Mom and we're gonna see a difference is those first time homers commend they're gonna be buying. Smaller houses and so I think we will see is that pattern changes were going to continue to see which we've seen because the housing market . A raise in the average age of first time homebuyers and the size of that home their purchasing. Impacted already by the
  2. Life As You Own It 7.24.14 Segment 1

    Audio

    Thu, 24 Jul 2014

     

    back to school found at 4:11

    for yet it like that again it did stuff him on the back to school anywhere leave it where it's summer got a well we'll tell you where to go to get to school supplies and a
  3. Life As You Own It 7.24.14 Segment 2

    Audio

    Thu, 24 Jul 2014

     

    back to school found at 13:22

    we continuing the should stay or go on that deal. Next stop. Back to school all. What does summer ago well whenever we come back from the break we're gonna tell you with a road trip she
  4. Life As You Own It 7.16.14 Segment 2

    Audio

    Fri, 18 Jul 2014

     

    home loan found at 2:45

    paradigm shift here. Obviously for the past 34 decades if you're tracking interest rates on mortgages you'd notice that in general taking -- as at five every contain year. Average window of time decade over decade mortgage rates have typically. Trended lower lower lower so when moving up and home or. Refinancing your whatever has come along -- been -- the benefit at a lower interest rates usually it's is an additional motivate her for people that are looking at moving like -- you know we're. Seven and a quarter and my first home loan for example was eight and a quarter. And when I bought my is my next home I think I got seven or something so it was a huge. Different generate over just a couple of years period of time was when rates dipped down I was able to buy another home. For not a whole lot more money. Even those more expensive house because my interest was so much -- well. That's typically what we've seen. As a trend and people of enjoyed that now that might be changing so if you look at the Adam average rate of the past few years. Interest rates dip down to a record level on the low threes on a thirty year mortgage November 2012. And it took till about
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Automatically Generated Transcript (may not be 100% accurate)

Craig knock out those top five trends from the 2014 builders' show that you're CN. -- not a majority on the resign quick hook on us new remodel home builder whatever you -- rookie designer -- really was confused I'm confused myself are confusing and I'm still in a playoff five of those things in the next time on the anything with trending. The trends are right speedy appliances folks saw a lot of speedy appliances course we're always pressed for time this day and age and the more technology we get. The more people expect to be able to do everything -- five minute so. That includes cook your meals. In bit easier time there's a viking -- and you can get it firm looks like just a small ten grand that's G10 those things in Detroit I'm talking about for that in -- and -- so fifteen fat times faster and conventional ovens so hey. Tanks and he's Nigerian I could make some biscuits it's fifteen -- like in a minute. I'm mustard and right we should start of -- target company so then that we had greater connectivity course there's more and more products coming out to help you to kind of handle all the home -- maybe even away from home so. Between Wi-Fi between remote. This and that lights and heating and cooling and all the ways to control your home. Electronically out from this ray players -- money I mean you can yeah at the cost effectively still I might add that you can. You can watch you can. Handles security your house she could have remote cameras you watch on your iPhone you can control thermostat it's becoming. Smart homes are becoming very affordable to the middle income earners Smart home -- its mark. Shades of -- folks the color -- moving up on the list it's becoming the more popular palace neutral colors you're just talking to our friends there ago grave they say that's -- the number one color for bathrooms in 2014 bathrooms in your hair. That's right and center hair in the bathroom I did find a couple gray -- the other day for the haven't -- here -- so I don't know. Mark your aging your brother China are right Smart fixtures so the term Smart appliances as it was it you know. The couple years ago started coming on -- talk about Smart fixtures. Whether that's Fossett's whether that's. You know lighting etc. so a lot more Smart fixtures are coming along in a high tech homes can't talk relevant with the other one -- The IG was winner was DuPont's Korea and Carrot Top -- embedded wireless phone charges that your phone on the counter you don't have to play -- -- -- -- just. That's you electromagnetic force -- your remark I guarantee you have that. Let's let cool stuff like that there's a kind of cool gadgets -- up for yourself but anyway high tech homes are removed once again in -- cool technology stuff so all right tactics. What's -- Detroit for a thousand bucks Greg what do you guess there's a lot of things to do Detrick for thousand dollars of teaching in jail -- tigers games that's nice meal all. -- on you can also. You also purchased a house can bid with a thousand dollars part of its battle against blight. The city of Detroit is develop the website auctioned off fifteen vacant homes for opening bids of 2000 bucks at the rate of one -- property per day the homes -- part of inventory of 161000. Vacant homes. The city owns all of them the result of tax lien. Foreclosures folks so it might be an opportunity for you to become a landlord now. Make sure you look at the clock is just as you own a home cheap doesn't mean that it may be a good investment is to have someone that's willing to move into the home. So but opportunity. Is -- Hopkins and Detroit thinks that this might be the way to do it and I want to argue with -- OK also crank. Our last minute business when Wall Street becomes a landlord yeah. So in that -- just like the city of Detroit is an acid gonna landlord but they took on 161000 properties a lot of urban court lot of cities with large urban populations have done the same thing. But Wall Street found opportunity as -- the housing market was in shambles it started scoop it up properties re modeling them mini these properties and then turning human. To rentals. Now that can be a good thing because it scooped up the inventory witches is a good thing for the market which in turn. Pushed up prices some but the reality is the investment property in those is we seen the turn in the housing market. It may or may not be good investment for your investment. Dollars so what does have a Wall Street well they put a lot of money into the communities which is good -- hopes its a good thing. They drive up the cost of homes which is a good thing they take a lot of you know properties that are in disrepair off the market and ultimately if you're an investor in the market outside a real estate. It may not be good play for you because these are not performing like they would have thought they are yeah all right. That's an enemy another installment of -- visual on it we hope you join his next weekend hope he had some -- -- tell your friends and family it's clear that area oaks.

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