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“You’re seeing year over year seller gains drop in Lansing(-7.8%), in Kalamazoo (-7.2%)and in Ann Arbor (-6.1%) at rates that are similar to what we’re seeing nationally,” said Rick Sharga, executive vice president of market intelligence at ATTOM.
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According to the ATTOM report, in the first three months of 2022, profit margins on median-priced single-family home sales across the United States recorded the first quarterly decline since late 2019, and the largest decline in a decade.
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High demand and low supply has led to high home sale prices in 2021 - a trend that is expected to continue for the foreseeable future.
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The pace of home flipping in Michigan’s largest markets is quickening.Home flipping is where someone buys a home, quickly renovates it and tries to sell…
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Analysts expect the nation’s housing industry will slow down in 2019. But Michigan might be spared, at least for a while.Daren Blomquist is with Attom…
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One analyst says Michigan and other parts of the county are turning from seller's to buyer's markets.Daren Blomquist with Attom Data Solutions says…
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Michigan home builders expect demand to drive more home construction in 2018.The Home Builders Association of Michigan predicts a one percent increase in…
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Homes sales in Michigan is becoming a seller’s market.After languishing for years, Michigan’s real estate market is apparently turning in favor of home…
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If the Federal Reserve raises interest rates as expected later this week, one economist says Michigan’s economy could take a hit.The Fed is expected to…
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The house flipping market appears to be cooling off in metro Detroit. But it is heating up in other parts of Michigan.Home flipping is where someone buys…