Real Estate Market Update

Thinking about selling your home but not sure if the timing is right? The real estate market in Oakland and Macomb County is still strong, and homeowners who list now are in a great position to get top dollar. Here’s why you should consider selling sooner rather than later. 1. Buyers Are Eager & Inventory […]

In 2025, homebuyers in Oakland and Macomb Counties, Michigan, are facing significant challenges due to rising interest rates. The average rate on a 30-year fixed mortgage has surpassed 7% for the first time since mid-2024, reaching 7.04% this week. WSJ This increase has made home-buying less affordable, as higher rates lead to increased monthly mortgage […]

On January 20, 2025, President Donald Trump issued an executive order implementing a regulatory freeze across federal agencies, aiming to reduce housing costs by cutting regulations and expanding housing supply. HousingWire Implications for the Housing Market: Regulatory Uncertainty: The freeze introduces uncertainty regarding the future of housing policies and mortgage lending, as it halts progress […]

As of January 2025, the real estate markets in Oakland and Macomb Counties, Michigan, exhibit distinct trends influenced by factors such as inventory levels, buyer demand, and pricing dynamics. Oakland County: Home Prices: In November 2024, the median sale price in Oakland County was $347,000, marking a 7.4% increase compared to the same period in […]