With the 2013 Spring Parade of Homes kicking off home buyers and sellers are more active now then they have been in years here in the west Michigan area. The Grand Rapids Association of Realtors recently reporter solid increases in home values for many types of homes. While the 90-day supply of homes is normal, a 60-day supply of homes is "scary". Nationwide the S&P/Case-Shiller Home Price Indices showed the average home prices rise of 8.6% and 9.3% for the 10- and 20-City Composites. To tell us why the housing market for both new and existing homes is so hot in our area and to give us some advice for buyers is Craig Wolffis, Mortgage Manager, for The Bank of Holland.
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Courtesy: Rick Kamel