Gary Richetelli

Commercial Real Estate

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Detroit Housing Market Not Following City’s Lead

The city of Detroit has been in the news a lot lately, but for all the wrong reasons.  The city government recently filed for chapter 9 bankruptcy, which early estimates indicate is the largest municipal bankruptcy in U.S. history.  The debt totals between 18-20 billion dollars, far surpassing the previous largest bankruptcy which was declared […]

Aspire Once in Awhile: Celebrity Homes

When searching for the home of your dreams, it’s usually good advice to stay within your means.  If we learned anything from the housing meltdown of 2007, practicality should be one of the number one tenets of buying a new home. That said, every once in a while it can be fun to get lost […]

Low Mortgage Rates Are a Thing of the Past

Historically low mortgage rates are now a thing of the past.  Hey everyone, Gary Richetelli here, and today I’d like to respond to an article recently published by CNNMoney. Interest rates for mortgages have been steadily rising over the last month, CNN says, and over the last week, the average rate on a 30-year fixed-rate mortgage jumped […]

Think You Know How Mortgages Work?

The housing market is getting hotter, but would you be surprised if you were told that almost one third of potential homeowners didn’t know how to answer basic questions regarding how to choose a lender, financing, and terms.  The study, performed by, asked over 1,000 current and prospective homeowners these questions.  Some of the […]

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