Michigan Real Estate News and the Country
April 14, 2023
As in most areas of the county the real estate market has been up and down the last few years with values appreciated in most cities. Per Redfin in Michigan home prices have fallen .06% year-over-year in February 2023. The number of homes that sold also fell by 12.6% and the number of homes for ...
Why You Need A True Expert In Today's Housing Market
March 15, 2023
The housing market continues to shift and change, and in a fast-moving landscape like we’re in right now, it’s more important than ever to have a trusted real estate agent on your side. Whether you’re buying your first home or selling once again, it’s mission critical to work with an expert who can guide you ...
Chicago Real Estate Market: Prices, Trends, Forecast 2022-2023
December 14, 2022
December 12, 2022 By Marco SantarelliWe'll discuss the latest trends and projections for the Chicago housing market. Is the Chicago-area housing market vulnerable to a recession? Home prices are expected to decline slightly over the next twelve months but the forecast for the fourth quarter of 2022 is still positive (+4.5%). The forecasts also indicate positive annual ...
How to Prepare Your Home for the Season
December 09, 2022
If you're preparing your home for fall and winter, you're probably looking forward to family gatherings and other holiday fun. However, you may run into seasonal challenges if you also plan on selling your home during this busy time. Distracted buyers, home staging issues, and the end of daylight savings time offer prime examples.Are you preparing ...
Chicago Housing Market: Prices | Trends | Forecasts 2022
September 14, 2022
September 1, 2022 By Marco Santarelli Illinois Housing Market UpdateWe'll discuss the latest trends and projections for the Chicago housing market. Prices are expected to continue to increase through the rest of the year while the number of sales is expected to decrease. As demand remained robust and mortgage rates climbed, Illinois houses sold faster in May 2022 ...
Buying or Selling in the Next 12 Months: What You Need to Know Today
September 08, 2022
There are many different reasons you might be thinking about selling your home. Perhaps you want to downsize (or upsize), perhaps you want to take advantage of the market, or maybe you need to move to another area of the country for your company. Regardless of the reasons, there are many things to consider before you speak with a ...
Michigan Fastest Growing Areas and Trends
August 15, 2022
There are 7 communities in Michigan that have seen a considerable rise in both home prices as well as population. 1: Rockford - This city has seen a 13.9% year-over-year growth rated. The home prices as compared to the same period a year ago are up 15.6%. The average sale price is $370,...
Extremely Delinquent Mortgagors Struggling to Recover
May 13, 2022
Extremely Delinquent Mortgagors Struggling to RecoverThe nation’s delinquency rate in the U.S. in Feb 2022 hit its lowest recorded point since January 1999 according to CoreLogic. In February 2022 it is report that some of 3.2% of all mortgages in the country were in some stage of delinquency. This is defined as being at ...
Extremely Delinquent Mortgagors Struggling to Recover
May 13, 2022
Extremely Delinquent Mortgagors Struggling to RecoverThe nation’s delinquency rate in the U.S. in Feb 2022 hit its lowest recorded point since January 1999 according to CoreLogic. In February 2022 it is report that some of 3.2% of all mortgages in the country were in some stage of delinquency. This is defined as being at ...
7 Things Every Buyer Should Know in This Market
May 09, 2022
The real estate market is on fire right now. More than 80% of Americans ages 18–34 said now was a bad time to buy a home, and the median home-sale price reached a record high of $365,000 in January. That’s a 28% increase from January 2019! The inventory simply hasn’t kept up with buyer demand. ...
Reasons You May Want to Wait to Sell
April 11, 2022
It’s no secret that the Lenawee housing market is going a mile a minute right now. Homes are still selling fast and for over the asking price. Of course, this sounds like an ideal time for someone to sell and take advantage of this market, right? But, where will you move?If you want to sell and take ...
Last Year's Housing Market Was a Wild Ride... Here's What to Expect in 2022
February 14, 2022
Last Year's Housing Market Was a Wild Ride...Here's What to Expect in 2022The US housing market has had a white hot year. Home sales are on track to reach the highest level in 15 years, with an estimated 6 million homes sold in 2021. But whether you benefited from this surge depended a lot on ...
Rent or Buy a Home getting complicated
January 10, 2022
https://www.cnbc.com/2022/01/06/should-you-rent-or-buy-a-home-the-answer-is-getting-more-complicated.html...
Home Prices Are Soaring. Is That the Fed's Problem?
August 12, 2021
Robert S. Kaplan, the president of the Federal Reserve Bank of Dallas, has been nervously eyeing the housing market as he ponders the path ahead for monetary policy. Home prices are rising at a double-digit pace this year. The typical house in and around the city he calls home sold for $306,031 in June of this year, Zillow ...
3 Best Tips For Buyer's Agents In A Seller's Market
May 13, 2021
The real estate game has gone tougher this year with the low inventory and homes selling fast like hotcakes (for about 20-40% above the asking price!). It's no doubt a seller's market this year and agents commonly go through a bidding war given the low supply and the high demand. We have new agents who just ...
Home sales hit 14-year high in 2020, pushing prices to record levels
February 16, 2021
By Anna Bahney, CNN BusinessLast year brought skyrocketing unemployment and a global pandemic that battered the economy, but people were still buying homes. Existing home sales in 2020 rose to the highest level in 14 years as prices climbed to a record high.Home prices rose 9% in 2020 from the year before, with the annual median price of ...
How the holiday season impacts the Real Estate market!
November 25, 2020
The timing of buying and selling homes are linked through several factors. It is common for buyers to work in a quicker time frame than most sellers when finding either the right time to buy or the best time to sell. While the holidays can be known for the joy and cheer that is around, it is also one ...
