Weir Manuel

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
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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
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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
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Each month the National Association of Realtors (NAR) provides an Existing-Home Sales report, which gives us a detailed look at the state of the housing market across the United States. While the Existing-Home Sales report is closely watched by economists and the media, its broad overview is rarely a help to buyers and sellers here in our neck of the woods (Michigan). So, that’s where Coldwell Banker Weir Manuel (CBWM) can help by comparing and contrasting what the NAR repor... read more
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Real Estate Update | August 2018

Posted by Matthew Hillier on November 07, 2018 in  Real Estate Update
With the peak home buying season in full swing, real estate experts say home buyers should brace for a competitive environment as the supply of homes for sale remains low despite healthy price increases. Starting with the city of Detroit, where home prices have risen faster than income growth in the past five years, the combination of low housing supply and increasing demand is driving home values ever higher. Now, homeowners who rode out the bad times during the recession and those that bought at the bottom of the... read more
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