If you are planning to enter the housing market, either as a buyer or a seller, let’s get together to discuss the changes in mortgage interest rates and inventory and what they could mean for you. If you are looking for a home in Imlay City, let us share a secret with you. When someone becomes […]
Village Of Metamora Homes For Sale | Increase In Inventory, a Bullish Or Bearish Sign For Real Estate?
Village Of Metamora Homes For Sale | Increase In Inventory, a Bullish Or Bearish Sign For Real Estate? If you are looking for a home in the Village of Metamora, let us share a secret with you. When someone becomes a professional real estate agent, they make a commitment to their clients from the moment they […]
Oxford MI Real Estate | How A Lack Of Inventory Impacts The Housing Market
Housing Inventory Crunch Continues, List Your House Today! / Listing Agent
Every winter, families across the country decide if this will be the year that they sell their current houses and move into their dream homes. Mortgage rates hovered around 4% for all of 2017 which forced many buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW! At the same time, however, […]
Home Sales Would Be Higher If …
“13 percent more consumers looking to purchase a home but there are 5 percent fewer homes for sale…“ Homes are selling at the fastest rate since 2007, but sales could be even higher if not for the ongoing lack of inventory in many markets, notes Jonathan Smoke, realtor.com®’s chief economist, in his latest column. Forty percent […]
This Summer, Lake Orion Homes Are Selling Faster
“Continuing this spring’s trend, pent-up demand from buyers who weren’t able to purchase a home”… Homes for sale in June are selling 2 percent more quickly than last year as prices soar to record highs, according to new data on inventory and user activity on realtor.com®. The median age of inventory nationwide for June is […]
Sellers Happy But Home Buyers Frustrated
Home Prices Maintain Strong Growth
Home Prices Maintain Strong Growth Tight inventories of homes for sale helped push home prices higher in the first quarter. The median price of existing single-family homes rose in 87 percent or 154 of 178 of the major metro areas across the U.S. in the first quarter, according to the latest quarterly report by the […]
First-Time Buyers Face A Difficult Spring
First-Time Buyers May Face A Difficult Spring … Millennials may finally be ready to buy this spring, thanks to an improving job market, low mortgage rates, and record apartment rents. But the big question: Will they be able to? This spring, first-time buyers may struggle to find a house. The number of homes in the […]
More Homes Are Coming Soon
More New Homes Are Coming Soon … Builders are beginning work on more single-family homes across the country, which could offer some much-needed inventory relief for many housing markets. Housing starts nationwide are up nearly 31 percent year-over-year. In February, housing starts jumped 5.2 percent alone on a month-over-month basis to a seasonally adjusted annual […]