Real Estate Market Update

Provide Real Estate Market Updates for Oakland and Macom Counties Michigan.

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Buyer's Agent How Property Taxes Change After Purchase in Michigan In Michigan, when you buy a home that has been owned by the previous owner for many years, your property taxes are likely to increase significantly—often referred to as “property tax sticker shock.” Here’s why that happens and what it could mean for you: 1. Capping and Uncapping: The Tax Mechanics Michigan uses a system […]
Buyer's Agent 🏡 6 Key Steps to a Successful Home Sale Use the link below to watch a video to learn how to “Dress Your House for Success” password: Joseph018 Dress your house for Success Pre-Sale Preparation Declutter, clean, and complete minor repairs Stage the home for maximum appeal Pricing Strategy Review a Comparative Market Analysis (CMA) Set a competitive, market-driven price Marketing the Property Professional […]
Buyer's Agent A House Lifespan   Average Lifespan of Residential Home Components (New Construction) Based on U.S. construction data, NAHB research, and building material studies. Lifespans assume proper installation and maintenance. Overall House Structure Component Average Lifespan Well-built new construction home             70–100+ years High-quality masonry/concrete homes    100–150+ years Manufactured/modular homes          […]
Buyer's Agent August 2025 Newsletter    
Home Improvements 🏡 Probate Real Estate Guide By Joseph White, Realtor® SRS, ABR Century 21 Professionals | Serving Oakland & Macomb Counties📞 586-230-7996 | 📧 myrealtorworld@gmail.com What Is Probate? Probate is the legal process of settling a deceased person’s estate. If the person owned real estate in their name alone, the property must go through probate before it can be sold or […]
Buyer's Agent Bridge Loans in Michigan: Bridging the Gap in Real Estate In Michigan’s real estate market, bridge loans serve as a valuable short-term financing option designed to help homeowners and investors navigate transitions between property ownership. Essentially, they “bridge the gap” when you need to purchase a new home before you’ve sold your current one.   How they work: Utilizing Current Home’s Equity: Bridge loans use the equity built up […]
Buyer's Agent June Market Report: More Choices and Less Competition Grant Brissey June 27, 2025 3 Minute Read With the selling season well underway, some optimistic expectations for 2025 are giving way to a reality that looks very similar to 2024. Though qualified buyers are seeing more conditions shift to their advantage. Amid geopolitical conflict, erratic tariff policy, and slowing job growth, mortgage rates hover a […]
Buyer's Agent Here’s a snapshot of the current residential real estate market in Oakland and Macomb Counties (May 2025): 📍 Oakland County Median sold price: ~$359K–376K • up ~4–5% YoY redfin.com+2rocket.com+2thepernateam.com+2 Average days on market: 15–22 days, up from ~13–18 days last year redfin.com+1thepernateam.com+1 Market conditions: Still a seller’s market — almost half of homes sold above asking, majority under 30 days houzeo.com+4rocket.com+4rocket.com+4 🔍 Interpretation: Homes are selling relatively quickly with rising prices and […]
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Real Estate Agent Should You put your home into a Trust? ✅ 5 Key Benefits of Putting Your Home in a Trust Avoids ProbateYour heirs can receive the home quicker and without the delays and costs of probate court. Maintains PrivacyUnlike wills, trusts aren’t public record—keeping your property and plans confidential. Provides Clear InstructionsA trust can lay out exactly how and when the home should be […]
Buyer's Agent Top ten reasons to live in Sterling Heights, MI 🥇 1. Safety and Low Crime Rates 93% of residents feel safe during the day. 🥈 2. Quality Public Services 77% satisfaction with overall city services. Top-rated services: Trash collection, snow removal, public libraries, and emergency services. City Bond Rating: City’s AAA bond rating—it signals financial stability and quality services. 🌳 3. Parks and Recreation […]
Buyer's Agent First-Time Homebuyer Update 🏡 First-Time Homebuyer Update – May 29, 2025 Navigating the housing market as a first-time buyer can be challenging, but recent developments offer promising opportunities: 📉 Mortgage Rates: A Slight Uptick As of May 22, 2025, the average 30-year fixed mortgage rate stands at 6.89%, a modest increase from the previous week’s 6.86% . While […]
Buyer's Agent April 2025 Market Update: Single-Family Homes in Oakland & Macomb Counties By Joseph White, REALTOR® – Century 21 Professionals If you’re buying or selling a home in Oakland or Macomb County, the market continues to move fast. Here’s a quick breakdown of what’s happening in the single-family residential market as of April 2025: 📍 Oakland County Highlights Median Sold Price: $355,258 (+4.5% YoY) Price per Sq […]
Buyer's Agent Cone Zone – Sterling Heights, MI Major Road Construction                                                   Start                                             Finish  17 Mile Road Mound Road […]
Real Estate Agent Commercial Metro Market Reports Q3 2024 The National Association of REALTORS® (NAR) released its Q3 2024 Commercial Real Estate Market Insights, highlighting key trends across various sectors: 🏢 Office Sector Vacancy Rates: Remained at a record-high 13.8% in Q2 2024, though the pace of increase has slowed. Net Absorption: Improved to -42 million square feet, indicating a slight uptick in demand. […]
Buyer's Agent Luxury Market update – Oakland and Macomb Counties, Michigan 🏡 Oakland County Luxury Neighborhoods 1. Bloomfield Hills Market Snapshot: As of March 2025, the median home sold price was $607,619, reflecting a 1.6% decrease from the previous year. Property Highlights: Homes often feature expansive estates with custom architecture, manicured landscapes, and proximity to elite schools and country clubs. Notable Listings: Properties range from historic […]
Buyer's Agent Offering a Home Warranty as a Seller – Pros and Cons. ✅ Pros of Offering a Home Warranty as a Seller 1. Boosts Buyer Confidence Makes the home feel like a safer bet, especially if it’s older or has aging systems. Reduces concerns over “what if something breaks after I move in?” 2. Differentiates Your Listing It can be a subtle advantage that sets your property […]
Buyer's Agent What Homebuyer’s Like and Dislike about Troy, MI. 🏡 What Homebuyers Like About Troy 1. Top-Tier Schools = Long-Term Value Troy School District is a huge draw. Even if buyers don’t have kids, homes in good school districts tend to hold value better. 2. Safe, Stable Neighborhoods Great for families, retirees, and anyone wanting peace of mind. Low crime, quiet streets, and well-kept […]
Buyer's Agent Sterling Heights – Likes and Dislikes Sterling Heights, Michigan, is a diverse and thriving suburban city, and its residents have strong opinions about what they like and dislike about living there. Here’s a breakdown: What Residents Like About Sterling Heights: Safe and Family-Friendly: Consistently ranked as one of the safest cities in Michigan. Low crime rates make it an attractive place […]
Real Estate Market Update Is a Airbnb for you? How to Start an Airbnb in Oakland or Macomb County: A Guide to Short-Term Rentals The short-term rental market in Oakland and Macomb County is growing, offering property owners an opportunity to generate extra income. Whether you’re considering renting out a spare room or turning an entire property into an Airbnb, understanding the local laws, […]
Real Estate Market Update As of February 2025: The rental market in Sterling Heights, MI As of February 2025, the rental market in Sterling Heights, Michigan, presents the following trends:   FREE Guide: Should You Rent or Buy? Average Rent Prices: Overall Median Rent: Approximately $1,247 per month, reflecting a 1.4% decrease from the previous month and a 2.6% increase year-over-year. apartmentlist.com Studio Apartments: Average rent is $900 per month, […]
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