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You are here: Home / Archives for Market Reports

Fall 2019 Market Update for Oakland County Michigan

October 28, 2019 by mshinedling Leave a Comment

“How’s the market?” It’s a hot topic of conversation everywhere I go! Here’s the scoop for Oakland County, Michigan. Sales prices are up 3.2% over last year. The number of homes currently on the market is up by 8%. And the average number of days on the market has increased Continue Reading

September 2019 Market Update: How Likely is a Recession in 2020?

October 8, 2019 by mshinedling Leave a Comment

How likely is a recession in 2020? This is the question of the hour. It's on everyone's mind. Fed chairman Jerome Powell recently stated he does not expect a recession in the near future.  Continue Reading

Homebuyers Shouldn’t Worry About 2008 All Over Again

April 2, 2019 by mshinedling Leave a Comment

Last week, realtor.com released a survey of active home shoppers (those who plan to purchase their next home in 1 year or less). The survey asked their opinion on an impending recession and its possible impact on the housing market. Two major takeaways Continue Reading

Data Says April is the Best Month to List Your Home for Sale

March 28, 2019 by mshinedling Leave a Comment

The spring housing market is off to the races! The inventory of homes for sale is increasing, buyers are out in force, and interest rates have remained low, piquing the interest of buyers and sellers previously on the fence about making a Continue Reading

How Does the Supply of Homes for Sale Impact Buyer Demand?

October 5, 2018 by mshinedling Leave a Comment

The price of any item is determined by the supply of that item, as well as the market’s demand for it. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and Continue Reading

2 Factors to Watch in Today’s Real Estate Market Whether Buying or Selling

October 2, 2018 by mshinedling Leave a Comment

When it comes to buying or selling a home there are many factors you should consider. Where you want to live, why you want to buy or sell, and who will help you along your journey are just some of those factors. When it comes to today’s real estate market, though, the top Continue Reading

Buying a Home is Cheaper than Renting in 38 States!

August 5, 2018 by mshinedling Leave a Comment

Some Highlights: According to a study by GOBankingRates, it is cheaper to buy a home than rent in 38 states across the country. In six states the difference between buying & renting would account for less than a $50 monthly difference, leaving the choice up Continue Reading

The Real Reason Home Prices are Increasing

December 8, 2017 by mshinedling Leave a Comment

There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this is untrue), to those who are concerned that prices are again approaching boom Continue Reading

Thinking of Selling your Home? Competition is Coming

July 9, 2017 by mshinedling Leave a Comment

The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Continue Reading

Mortgage Interest Rates Reverse Course in 2017

June 15, 2017 by mshinedling Leave a Comment

To start the year, housing experts all agreed on one thing: 2017 was going to be the year we would see mortgage interest rates begin to rise. After years of historically low rates, and an improving economy, the question wasn’t if they would increase but instead how much they Continue Reading

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