An important factor shaping today’s market is the number of homes for sale.
Forget The Snow, Spring Has Sprung In The Housing Market!
Forget The Snow, Spring Has Sprung In The Housing Market! Entering real estate’s traditionally busiest time of year, the housing market is being buoyed by a stronger economy and consumer confidence. Job creation is 30 percent stronger this year compared to a year ago, unemployment is near a 9-year low, and wages and incomes are […]
Lapeer Housing Affordability Is Improving, slightly
“nearly one in five U.S. housing markets was not affordable by historic standards” … Eighteen percent of U.S. housing markets were less affordable than normal in the second quarter of 2016. That’s down slightly from affordability levels a year ago, when 20 percent of markets exceeded their normal affordability levels according to RealtyTrac. Their housing […]
Homes For Sale and Sold / Local Market Update For November 2016
Dec 10, 2016 Oakland County: New listings down 9.9% from November 2015 Closed sales up 13.8% Days on market until sold is 21 days Average sale price is $262,000 up 9.6% Inventory of homes for sale down 36.2% Months supply of inventory is 2.7 months Lapeer County: New listings down 44.3% Closed sales up 14.1% […]
Asking Prices Zoom To Record Highs
“This real estate market is coming in strong, just as we expected”… A robust market is causing sellers to up their asking prices, according to a preliminary analysis of May data from realtor.com®. “The past three months have set new records,” says Jonathan Smoke, realtor.com®’s chief economist. “Prior to that, the highest median list price […]
Pending Sales Soar To Highest Level In Decade
The ability to sign a contract on a home is slightly exceeding expectations this spring even with the affordability stresses and inventory squeezes affecting buyers in a number of markets… Contract signings for home purchases rose for the third consecutive month, with upticks in the South and West regions of the country providing the bulk […]
Sellers Happy But Home Buyers Frustrated
Sellers happy but home buyers are frustrated … The number of home buyers who say now is a good time to buy dipped to an all-time survey low in Fannie Mae’s latest Home Purchase Sentiment Index. Meanwhile, home owners who say now is a good time to sell soared to an all-time survey high. The […]
Don’t Wait! Buy This Winter!
Now that the U.S. has regained its job-creation mojo, as the October employment report showed, the demand for housing is only going to grow. After all, when people have jobs they can break off and form new households—ditching the roommates behind or finally moving out of Mom and Dad’s basement—and that’s what fundamentally drives home […]
Granite Counters, Stainless Steel Appliances or Pole Barns, What Home Feature Rules In Your State?
Diversity is one of the United States’ greatest assets—and that’s true even in home design! Especially in home design, in fact. From coast to coast, the way we like to live varies enormously. Sitting in a covered patio sipping cocktails after a refreshing dip in the pool, Texans may wonder what kind of house their Delaware […]
Lapeer Michigan, Real Estate Market Report, 07/22/2015
Lapeer Michigan, Real Estate Market Report, 07/22/2015 …This report covers the last 45 days. 1) 6 months of available inventory 2) 18 homes sold, up 6% 3) average sales price, $144,000.00 4) average days on market, 32 days 5) 106 homes on the market Search below to compare current homes for sale to yours. 6) […]