Wow! So much interesting news relating to real estate this week - watch this video to find out how it's impacting the market.✔️ 50 Year low mortgage interest rates✔️ 273,000 New jobs added in the U.S. last month✔️ Stock market volatility✔️ Oil prices lowerExpert guidance is Continue Reading
Winter 2020 Local Market Update for Orion/Oxford, Clarkston and Rochester Hills
What’s happening in our local Orion, Oxford, Clarkston & Rochester real estate market? It’s been a great winter selling season in Michigan. In the Lake Orion & Oxford School districts combined, we currently have 194 homes for sale on market with 92 homes Continue Reading
National Market Update
What’s happening in our National Real Estate market and how does it apply to you? Well, from my perspective, now may be a very good time to buy and here’s why. Hi, I'm Michele Shinedling Broker/Owner at Heritage Real Estate. Great news! The percentage of Continue Reading
Fall 2019 Market Update for Oakland County Michigan
“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?
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
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
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?
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
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!
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