Weir Manuel

Real Estate Update | September 2019

Posted by Matthew Hillier on September 20, 2019 in  Real Estate Update
The warm-weather housing market might be coming to a close in just a few short weeks, but don’t worry — if you’re looking to enter the market there’s still a good chance to find a buyer/seller before the end of the year. In fact, you could be coming in at exactly the right time because Michigan has some interesting new hot spots.Located in Wayne County is Michigan’s hottest housing market, Livonia! Not only that, but Livonia’s 48154 zip code is the sixth hottest in... read more
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Real Estate Update | August 2019

Posted by Matthew Hillier on August 16, 2019 in  Real Estate Update
As the school year gets underway, Michigan’s housing market is expected to continue along the same trends that its been experiencing — more money coming in over listing prices and plenty of people buying.Part of Michigan’s dormant housing market can be attributed to the lack of new construction permits, which is continuing a slowdown that started back in January 2019. This past June, a total of only 330 single-family home permits were issued in the areas of Macomb, Oakland, St. Clair, and Wayne co... read more
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Real Estate Update | July 2019

Posted by Matthew Hillier on July 16, 2019 in  Real Estate Update
As a result of months of low inventory, home prices continue to escalate throughout Michigan’s housing market — however, real estate professionals are starting to see signs of progress as available inventory begins to grow.Grosse Pointe made up for its unusual decline in closed sales with a 42 unit jump to 92 closed sales in May. Available listings continue to rise — up 12% from the prior month and 21% from a year ago. Additionally, prices have been leveling off and the average sale price is about... read more
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Real Estate Update | June 2019

Posted by Matthew Hillier on June 21, 2019 in  Real Estate Update
Real Estate professionals and economists are sounding more upbeat toward the housing market and Realtor.com® has revised its 2019 housing market forecast, reflecting optimism for a much stronger market as we head into the summer months.Lower mortgage rates are mostly behind this optimistic shift in attitude, with projected rates averaging 4.5% by the end of the year—nearly a percentage point lower than originally forecasted. The lower mortgage rates are increasing buyers’ purchasing power, however, ... read more
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Real Estate Update | May 2019

Posted by Matthew Hillier on May 16, 2019 in  Real Estate Update
Spring is typically the most active season in real estate, however, other than some “unexpected hot spots” as noted by Realtor Magazine, the housing market here across Michigan has been good but relatively stagnant.It's no secret that West Michigan’s housing market is hot. Realtor.com’s housing market forecast for 2019 shows that out of the 100 largest metro areas in the U.S., the Grand Rapids metro area is projected to have the biggest percentage increase – 8.2% &n... read more
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