Weir Manuel

Real Estate Update | January 2019

Posted by Matthew Hillier on January 22, 2019 in  Real Estate Update
You may have heard of the cliché “new year — new me.” That's good and all, however, although you might be hoping to fulfill your New Year’s resolution this doesn't exactly apply to Michigan’s real estate market. Experts forecast the 2019 housing market in East and West Michigan will resemble that of last year’s housing market. "Ole Man Winter" is being blamed for putting “a freeze” on housing sales across Michigan, as sales dropped by 18% in December from the p... read more
| Comments Not Allowed

Real Estate Update | December 2018

Posted by Matthew Hillier on December 18, 2018 in  Real Estate Update
The winter housing market around Michigan is showing several signs of slowing, providing a much-needed break for potential buyers who have been waiting to jump into the market. With a strong economy and low unemployment, the seasonal housing dip is more about a rebalancing act of the market than a sign of a downturn. According to a report published by the Grand Rapids Association of REALTORS® (GRAR), Grand Rapids continues to favor sellers in today’s real estate market, as they are receiving 96% of their ... read more
| Comments Not Allowed

Real Estate Update | November 2018

Posted by Matthew Hillier on November 20, 2018 in  Real Estate Update
Here’s what is happening in the 3rd quarter of Michigan’s real estate market. RealComp's most recent analytics point to the fact that the extended boom in residential real estate sales across Southeast Michigan may be peaking…though many foresee the market will remain in favor of sellers.In the majority of the 18 counties composed of Southeastern Michigan, the number of listings dropped drastically from the previous year. There were 23,832 homes on the market in September, which is 15% less than ... read more
| Comments Not Allowed

Real Estate Update | October 2018

Posted by Matthew Hillier on November 08, 2018 in  Real Estate Update
When it comes to buying or selling a home there are many factors that 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 two factors to consider are what’s happening with interest rates and inventory. The average home loan rates hit 5% recently (a seven-year high). Interest rates impact real estate markets and history shows that interest rates tend ... read more
| Comments Not Allowed

Real Estate Update | September 2018

Posted by Matthew Hillier on November 08, 2018 in  Real Estate Update
Michigan has one of the strongest economies in the United States and the housing market is booming. If you are planning to buy a house, you should put your plan in motion now because you may not be the only one bidding on a property. Detroit is progressively moving upwards when it comes to both population growth and development. Though home values in Detroit are increasing, its real estate market is still considered to be one of the more affordable housing markets across the nation. With a median listing price of $... read more
| Comments Not Allowed
Real Estate Links Our Domains