2016 Year End/January 2017 Housing Report
2016 was a great year for single family home sales in Southeast Michigan. Many factors including location, price range and condition affect the value of individual properties, but in general the number of...
How Much Does It Cost to Sell a House? Here’s a Reality Check
Show me the money! Admit it, that’s what you’re thinking when you consider selling your house. In fact, chances are good you’ve mentally spent much of the proceeds already—on a new house you’re...
Year-End Market Report
While there is fluctuation by area and price range, overall, values are up. Median sale price was up 12 percent and mean sale price per square foot was up 10 percent over November 2015. With interest rates...
The Fed Finally Acts: Yup, Mortgage Rates Will Be Going Up
After months of anticipation, the Federal Reserve announced it will be raising its key interest rate for the first time this year and just the second time since the housing bubble burst. That...
November, 2016 Real Estate Update: Detroit’s Comeback
Over the past few years, all the talk about and focus on Detroit has been exciting. Everyone is cheering for our city and so many want to participate in Detroit’s comeback. We are still in the early stages...
Postelection Prescription: Stay Calm and Keep Buying Homes
Regardless of exactly how much the economy grows next year, we are now in the midst of two massive demographic waves that will power above-average demand for homes for at least the next 10 years. And neither...
October, 2016 Real Estate Market Update
The 2008 recession took most by surprise. In hindsight, understanding the phases that make up a typical real estate market cycle should give us insight to where our market will move in the future. In his...
6 Home-Selling Myths You Need to Stop Believing Immediately
When you get ready to sell your home, you might very well have a false sense of security. After all, you got through the hard part of buying. Now all you have to do is call a Realtor, put your home on the...