Tag: michigan real estate

U.S. Homeownership Rate Rises to Highest Point in 8 Years

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U.S. Homeownership Rate Rises to Highest Point in 8 Years For nearly two months, most of us have been following strict stay-at-home orders from our state and local governments. It is a whole new way of life that has put our daily lives on pause. On the other hand, many of us have also found … Continued

How to Test-Drive a Neighborhood While Sheltering in Place

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How to Test-Drive a Neighborhood While Sheltering in Place Some Highlights Staying at home doesn’t mean your search for a new place needs to come to a standstill. Check out these tips on how to explore other Michigan neighborhoods virtually in the homebuying process. You may find a spot that better suits your needs without ever leaving … Continued

Why the Housing Market Is a Powerful Economic Driver

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Why the Housing Market Is a Powerful Economic Driver With businesses starting to slowly open back up again in some parts of the country, it’s important to understand how housing can have a major impact on the recovery of the U.S. economy. As we’ve mentioned before, buying a home is a driving financial force in this process. … Continued

Buying a Home Right Now: Easy? No. Smart? Yes.

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Buying a Home Right Now: Easy? No. Smart? Yes. Through all the volatility in the economy right now, some have put their search for a Metro Detroit Michigan home on hold, yet others have not. According to ShowingTime, the real estate industry’s leading showing management technology provider, buyers have started to reappear over the last several … Continued

Rise to the Top of the Pool by Selling Your House Today

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Rise to the Top of the Pool by Selling Your House Today With the release of the latest Economic Pulse Flash Survey from the National Association of Realtors (NAR), results show that people selling their houses today are holding strong on price. According to the most recent data, 74% of real estate agents noted that sellers are not dropping listing prices … Continued

What Impact Might COVID-19 Have on Home Values?

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What Impact Might COVID-19 Have on Home Values? A big challenge facing the housing industry is determining what impact the current pandemic may have on Metro Detroit Michigan home values. Some buyers are hoping for major price reductions because the health crisis is straining the economy. The price of any item, however, is determined by … Continued

Today’s Expert Insight on the Housing Market

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Today’s Expert Insight on the Housing Market Some Highlights According to Lawrence Yun, Chief Economist at NAR, home prices are forecasted to rise. Results from the Existing Home Sales Report note that home sales declined in March due to the coronavirus, but prices are still strong. Let’s connect so you can better understand your Metro Detroit Michigan home’s value today.

Uncertainty Abounds in the Search for Economic Recovery Timetable

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Uncertainty Abounds in the Search for Economic Recovery Timetable Earlier this week, we discussed how most projections from financial institutions are calling for a quick V-shaped recovery from this economic downturn, and there’s research on previous post-pandemic recoveries to support that expectation. In addition, we noted how there are some in the business community who believe we … Continued

Keys to Selling Your House Virtually

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Keys to Selling Your House Virtually In a recent survey by realtor.com, people thinking about selling their homes indicated they’re generally willing to allow their agent and some potential buyers inside if done under the right conditions. They’re less comfortable, however, hosting an open house. This is understandable, given the health concerns associated with social contact these … Continued

The Pain of Unemployment: It Will Be Deep, But Not for Long

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The Pain of Unemployment: It Will Be Deep, But Not for Long There are two crises in this country right now: a health crisis that has forced everyone into their homes and a financial crisis caused by our inability to move around as we normally would. Over 20 million people in the U.S. became instantly … Continued
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