It is folly to pretend to be able to predict any real estate market. A year ago, I got this email from Kiplinger [italics mine] June 10, 2013: Home prices soaring by 20% or more over the past 12 months. Bidding wars. Houses sold just days after the for-sale sign goes...
Our agents work primarily in Washtenaw County as well as some of the suburbs Northwest and West of Detroit which are in Wayne and Oakland Counties. The Ann Arbor market is greatly influenced by the University of Michigan, the three major hospitals, and the High...
Columbus real estate poses opportunities, challenges to millennial home buyers According to a new survey by BMO Harris, the majority of young adults intend to become homeowners sometime within the next five years. The survey sampled adults aged 18 to 34, and debunks...
1.1 million new households were formed during the third quarter of 2016, according to the U.S. Census Bureau. This figure includes households formed in both rented and owner-occupied units. Out of the 1.1 million total households formed, nearly half of them were...
More Americans think that now is a good time to buy a home, according to the Fannie Mae Home Purchase Sentiment Index® (HPSI) from February 2017. The survey of 1,000 consumers reached an all-time high of 88.3%, indicating the strongest consumer confidence in real...
A large portion of Americans remain burdened by rental costs, according to the 2017 State of the Nation’s Housing Report, published by the Joint Center for Housing Studies at Harvard University. The report shows that while homeowners are enjoying the benefit of rising...
The S&P CoreLogic Case-Shiller home price index reached an all-time high during 2017, and prices are still rising in most U.S. metros. As of August, home prices in the U.S. marked a 6.1% annual gain, beating the expectations of economists. The ongoing rise of...
Many of today's renters hope to become home buyers, but the escalating cost of rent is making the transition harder to accomplish. According to a recent article in Money magazine, U.S. apartment rents have jumped 18% over the past five years. Without adjusting for...
Rising home prices, multiple offers and short days-on-market are the norm in many locales, causing special frustration for first-time home buyers! While market conditions can be challenging, home buyers can succeed by following some good advice. Here are tips to help...