Predictions for 2020's Housing Market

The Michigan real estate market is no exception, 2020 is projected to be a strong year in real estate.  Here are some pros and cons of buying and selling your home in the Michigan real estate market in 2020.

 

Mortgage Rates are on the Rise

Although rates are projected to increase in 2020, they are only projected to slightly rise. This means now more than ever is a great time to buy as they will only continue to rise over the next year or so, and you can still get a great rate!

Rent Prices Increase

Millennials are reaching the point in their life where they are having to make the decision of continuing to rent or becoming a homeowner. As rent prices rise it is becoming increasingly affordable to take on a mortgage. Many renters are finding they are able to take on a mortgage for the same, or at times, a cheaper monthly payment!

Low Inventory on the Market

Low housing inventory will continue into the new year, which will make it a great time for sellers. This trend will result in homes to selling quicker at a higher price. It's more important than ever for buyers to have a real estate agent working for them. Having an agent will get you the quickest access to homes once they're on the market.

Housing Prices on the Rise

As the demand for houses remains higher than the supply, many home prices will rise. Housing will become less affordable which will hurt Millennials and those that are renting the most. It's always best to work with a trusted real estate agent to best determine the listing price for your home. An experienced real estate agent has the knowledge and experience in your market and will be able to guide you to reach top dollar for your home.

The market for 2020 is really at a stage that can work well for both sellers and buyers.  Since rent prices are on the rise and mortgage rates are slowly increasing as well, now is a great time for renters to become homeowners!  with motivated buyers on the market and low inventory now is a great opportunity for sellers to get multiple offers on their home. If you are looking to buy, the first step is to consult an experienced real estate agent and get pre-approved for a mortgage.  Sellers will want to consult with a real estate agent for expert advice on their home value and the current market!

 

July 9, 2020

Mesh Networks for Smart Home Technology

Smart homes and smart home tech are becoming increasingly popular these days. Various smart home devices, sensors and more can add new functions to a home, automating some tasks and even increasing your home’s security. Unfortunately, some homeowners run into problems with smart home devices that have to be on the same home network to interact. Traditional WiFi extenders sometimes create separate but overlapping networks, meaning that devices outside of the range of your wireless router might not work correctly.

There are ways to get around this, however. One option is to set up a mesh network within your home. Unlike traditional WiFi extenders, mesh network extenders create a single wireless network that all your devices can attach to. If you’re considering adding smart home devices and have signal problems within your home, a mesh network setup is definitely worth considering.

 

What Exactly Is a Mesh Network?

With a standard WiFi network, your router or other access point typically serves as a hub for network connectivity and any extenders or other network components connect directly to it. Mesh networks are set up a bit differently, however. In a mesh network, each device connects not only to that central hub but also to each other. This creates a “mesh” of paths throughout the network, allowing signals to route through the network in multiple ways to ensure even coverage. This helps to prevent dead spots or weak signals, eliminating the need for overlapping wireless networks.

 

Do You NEED a Mesh Network?

Mesh networks can be useful, especially if you’re trying to keep smart home devices on the same network so that they can interact with each other. Depending on your home and where your wireless access point is located, though, they may not be entirely necessary. If your router is centrally located, or has a strong enough signal to provide good coverage throughout your home, your smart home devices should be able to communicate even without a mesh network. With that said, mesh networks can be very useful if some parts of your home have weaker signals than others or if you plan on adding devices outside of your home and aren’t sure how well your network will be able to handle it. Even if your network seems adequate for your needs, you may consider a mesh option to create more uniform coverage.

 

Smart Home Devices on the Mesh

There are a wide range of smart home devices that could benefit from being connected to a mesh network. Devices such as cameras and intrusion sensors should stay online and connected, regardless of whether they’re inside or outside the home. Likewise, safety sensors such as smart smoke detectors need to be able to communicate, as do heat sensors and even leak sensors, to ensure that your home is well covered without the need for multiple devices or apps to help them stay connected. Even devices such as smart door locks and a smart thermostat can benefit from being on the same network to make automatic temperature adjustments more intuitive depending on whether the doors are locked or not. The more you’re able to connect your devices to a single network, the more likely you are to come up with innovative ways for your various smart home devices to work together.

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