Are Older Generations Really Not Selling Their Homes?

Are Older Generations Really Not Selling Their Homes? Many studies suggest one of the main reasons for the inventory shortage in today’s market of homes for sale is that older generations have chosen to “age in place” over moving. The 2019 Home Buyers & Sellers Generational Trend Report by NAR clarifies this point! NAR’s findings … Continued

Starting the Search for Your Dream Home? Here Are 5 Tips!

Starting the Search for Your Dream Home? Here Are 5 Tips! In today’s real estate market, low inventory dominates the conversation in many areas of the country. It can often be frustrating to be a first-time homebuyer if you aren’t prepared. In a realtor.com article entitled, “How to Find Your Dream Home—Without Losing Your Mind,” the author highlights some … Continued

Understanding Pocket Listings In Bloomfield HIlls

You may have heard (but more likely haven’t) the term “pocket listing.” Either way, a pocket listing, though not all that common, is one more tool you and your agent have in your toolbox for selling or buying a house. While pocket listings in Bloomfield HIlls are more common for higher-end homes, they can work … Continued

4 Tips for Making a Competitive Offer

4 Tips for Making a Competitive Offer So, you’ve been searching for that perfect house to call ‘home,’ and you’ve finally found it! The price is right, and in such a competitive market, you want to make sure you make a good offer so that you can guarantee that your dream of making this house … Continued

A Lack of Inventory Continues to Impact the Housing Market

A Lack of Inventory Continues to Impact the Housing Market The housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up and distressed sales (foreclosures and short sales) have fallen to their lowest point in years. The market will continue … Continued

The Pros And Cons of Dual Agency In Bloomfield HIlls

Dual agency is an option in some states that sellers and buyers can enter into with their real estate agent(s). While this can streamline transactions, you absolutely must be aware of everything it entails, especially because one party can wind up getting the short end of the stick. So here are the pros and cons of … Continued

A Tale of Two Markets

A Tale of Two Markets [INFOGRAPHIC] Some Highlights: An emerging trend for some time now has been the difference between available inventory and demand in the premium and luxury markets and that in the starter and trade-up markets and what those differences are doing to prices! Inventory continues to rise in the luxury and premium … Continued

Mainstream Concerns about an Economic Slowdown Revisited

Mainstream Concerns about an Economic Slowdown Revisited Recently, we reported that many believe a recession could happen within the next two years. We explained that 70% of economists and market analysts surveyed last year believe that a recession will occur in 2019 or 2020 and that 42% of consumers currently looking to purchase a home … Continued

The Benefits of a 20% Down Payment

The Benefits of a 20% Down Payment If you are in the market to buy a home this year, you may be confused about how much money you need to come up with for your down payment. Many people you talk to will tell you that you need to save 20% or you won’t be … Continued