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Real Estate Market Report Metro Detroit
Live Trends from the MLS Daily
Real Estate is changing by the minute. So I’ve designed your market report based on live information from the Multiple Listing Service. The report updates as soon as a new listing becomes available or a home is posted sold. So, as you can see the information could change by the minute. You can access the info NOW OR schedule a report with new information sent to your email inbox. All you have to do is sign up!
Recession to Recovery – We’ve Got It Covered!
Protect Your Real Estate Investment 💰
I don’t know about you, I feel better if I’m basing my decisions on facts. I was selling real estate before and after the “Crash of 08”, and this is my 3rd Recession helping families continue their dream of moving. I know the importance of research and statics….it’s like looking into my Crystal Ball. I’m researching and providing links, trends, graphs and more. We’ll look at the recession numbers and a plan to recovery. I will keep you updated via my Blog Post, Simplifying Real Estate, Facebook and better yet subscribe to my Weekly Newsletter- Sign up below 👇👇👇
You can visit our Blog Post for updated articles – CLICK HERE
This recession is not like “Crash of 08”. If you want to keep up with Real Estate News, Market Forecast, Stats and Recession to Recovery….then sign up to keep up to date!
Pam Sawyer
Web Developer | Facebook Marketing Certified | Lead Agent
Cell: 248-343-2459
E-Mail: Click Here
Address: 45609 Village Blvd. Shelby Twp.
Testimonials – We’re Ready to Work for You!
Mrs. G Condo
Homes sales rebounding is great news exspecially now that were in the middle of the pandemic. There may be many life changes going on right now for you and your family. Moving may be the 1st step. With a worldwide health crisis that drove a pause in the economy this year, the housing market was greatly impacted. Many have been eagerly awaiting some bright signs of a recovery. Based on the latest Existing Home Sales Report from the National Association of Realtors (NAR), June hit a much-anticipated record-setting rebound to ignite that spark.
According to Nation Association of Realtors (NAR), home sales jumped 20.7% from May to a seasonally-adjusted annual rate of 4.72 million in June:
“Existing-home sales rebounded at a record pace in June, showing strong signs of a market turnaround. After three straight months of sales declines caused by the ongoing pandemic. Each of the four major regions achieved month-over-month growth.”
This significant rebound is a major boost for the housing market and the U.S. economy. According to Lawrence Yun, Chief Economist for NAR, the momentum has the potential to continue on, too:
“The sales recovery is strong. Buyers were eager to purchase homes and properties that they had been eyeing during the shutdowb, This revitalization looks to be sustainable for many months ahead. This sustainabilty only if mortgage rates remain low and job gains continue.”
Mortgage Rates
With mortgage rates hitting an all-time low, dropping below 3% for the first time last week, potential homebuyers are poised to continue taking advantage of this historic opportunity to buy. This fierce competition among buyers is contributing to home price increases as well, as more buyers are finding themselves in bidding wars in this environment. The report also notes:
“The median existing-home price for all housing types in June was $295,300, up 3.5% from June 2019 ($285,400). As prices rose in every region. June’s national price increase marks 100 straight months of year-over-year gains.”
The graph below shows home price increases by region, powered by low interest rates, pent-up demand, and a decline in inventory on the market:
Yun also indicates:
“Home prices rose during the lockdown. It could rise even further due to heavy buyer competition and a significant shortage of supply.”
Know the Market Your In
Access you hyperlocation data with our 3 year live trends by City-Carousel. You can select your price range to find out if the average sale price is going up. We also have Month Supply on Market. This way you know if the Market is Hot, tipping in the Buyers Favor or Flat.
Bottom Line
Buyers returning to the market is a great sign for the economy. We know housing will lead the way toward a recovery. If you’re ready to buy a home this year, let’s connect to make sure you have the best possible guide with you each step of the way.
If you have any questions contact us: Messenger in the bottom right bubble
, Email or contact my Cell @ 248-343-2459. One thing history has shown us, this will NOT define us. Stay safe!
Help me Find my Perfect Dream Home!
Tell me what you’re looking for in your new Dream Home…I can help you find the newest and best homes on the market.
Need Help with the Right Mortgage?
See how you can save Thousands.
Have Questions?
Let us know what we can do to help you work your way through the Buying & Selling Puzzle.
Website Development, Production, and Content by Pam Sawyer @ Team Tag It Sold © 2017 All Rights Reserved
Mrs. G.... / Macomb
Robert & Linda W. – Dunhill
Real Estate Is a Driving Force in the Economy
As the economy recovers from this year’s health crisis, the housing market is playing a leading role in the turnaround. It’s safe to say that what we call “home” is taking on a new meaning. This is causing many of us to consider buying or selling sooner rather than later. Housing, therefore, has thrived in an otherwise down year.
Today’s high buyer demand combined with low housing inventory means we’re seeing home prices appreciate at an above-average pace. This demand is being driven by those who want to take advantage of historically low mortgage rates. According to Freddie Mac:
“The record low mortgage rate environment is providing tangible support to the economy at a critical time, as housing continues to propel growth.”
These factors are driving a positive impact on the economy as a whole. According to the National Association of Realtors (NAR); the real estate industry provided $3.7 billion dollars of economic impact to the country last year. To break it down, in 2019, the average newly constructed home contributed just over $88,000 per build to local economies. Across the country, real estate clearly makes a significant impact (See map below):
In addition, last week, the Bureau of Economic Analysis announced the U.S. Gross Domestic Product increased at an annual rate of 33.1% in the 3rd quarter of this year, after decreasing by 31.4% in the second quarter. There’s no doubt the growing economy is being fueled in part by the soaring housing market. Experts forecast this housing growth to carry into 2021, continuing to make a big impact on the economy next year as well.
Bottom Line
The American Dream of homeownership has continued to thrive in the midst of this year’s economic downturn, and “home” has taken on a new meaning for many of us during this time. Best of all, the housing market is making a significant impact as the economy recovers.
First and Foremost, Safety First!
As we move forward trying to navigate our way through our new surroundings. Putting your dream of a new a home on HOLD shouldn’t be one of them. Now more than ever knowledge will be your power. Know the Market You’re In and your Negotiation Power.
In Closing
If you have any questions contact us: Chatbot, in the bottom right. Contact me by Email or my Cell @ 248-343-2459. With all the doom and gloom of the virus, one thing history has shown us, this will NOT define us. Stay safe! Please share your thoughts below or what future article you would like to see. Your opinion is important to us…. this site is for you ❣
Help me Find my Perfect Dream Home!
Tell me what you’re looking for in your new Dream Home…I can help you find the newest and best homes on the market.
See how you can save Thousands.
Have Questions?
Let us know what we can do to help you work your way through the Buying & Selling Puzzle.
Website Development, Production, and Content by Pam Sawyer @ Team Tag It Sold © 2017 All Rights Reserved
Mr. and Mrs. Wenner / Dunhill Dr.
Ted & Mel C. – Burns
Real Estate Is a Driving Force in the Economy
As the economy recovers from this year’s health crisis, the housing market is playing a leading role in the turnaround. It’s safe to say that what we call “home” is taking on a new meaning. This is causing many of us to consider buying or selling sooner rather than later. Housing, therefore, has thrived in an otherwise down year.
Today’s high buyer demand combined with low housing inventory means we’re seeing home prices appreciate at an above-average pace. This demand is being driven by those who want to take advantage of historically low mortgage rates. According to Freddie Mac:
“The record low mortgage rate environment is providing tangible support to the economy at a critical time, as housing continues to propel growth.”
These factors are driving a positive impact on the economy as a whole. According to the National Association of Realtors (NAR); the real estate industry provided $3.7 billion dollars of economic impact to the country last year. To break it down, in 2019, the average newly constructed home contributed just over $88,000 per build to local economies. Across the country, real estate clearly makes a significant impact (See map below):
Bottom Line
The American Dream of homeownership has continued to thrive in the midst of this year’s economic downturn, and “home” has taken on a new meaning for many of us during this time. Best of all, the housing market is making a significant impact as the economy recovers.
First and Foremost, Safety First!
As we move forward trying to navigate our way through our new surroundings. Putting your dream of a new a home on HOLD shouldn’t be one of them. Now more than ever knowledge will be your power. Know the Market You’re In and your Negotiation Power.
In Closing
If you have any questions contact us: Chatbot, in the bottom right. Contact me by Email or my Cell @ 248-343-2459. With all the doom and gloom of the virus, one thing history has shown us, this will NOT define us. Stay safe! Please share your thoughts below or what future article you would like to see. Your opinion is important to us…. this site is for you ❣
Help me Find my Perfect Dream Home!
Tell me what you’re looking for in your new Dream Home…I can help you find the newest and best homes on the market.
See how you can save Thousands.
Have Questions?
Let us know what we can do to help you work your way through the Buying & Selling Puzzle.
Website Development, Production, and Content by Pam Sawyer @ Team Tag It Sold © 2017 All Rights Reserved
TEd & Mel C. Burns
Rob & Angie – Oceola Twp
Real Estate Is a Driving Force in the Economy
As the economy recovers from this year’s health crisis, the housing market is playing a leading role in the turnaround. It’s safe to say that what we call “home” is taking on a new meaning. This is causing many of us to consider buying or selling sooner rather than later. Housing, therefore, has thrived in an otherwise down year.
Today’s high buyer demand combined with low housing inventory means we’re seeing home prices appreciate at an above-average pace. This demand is being driven by those who want to take advantage of historically low mortgage rates. According to Freddie Mac:
“The record low mortgage rate environment is providing tangible support to the economy at a critical time, as housing continues to propel growth.”
These factors are driving a positive impact on the economy as a whole. According to the National Association of Realtors (NAR); the real estate industry provided $3.7 billion dollars of economic impact to the country last year. To break it down, in 2019, the average newly constructed home contributed just over $88,000 per build to local economies. Across the country, real estate clearly makes a significant impact (See map below):
Bottom Line
The American Dream of homeownership has continued to thrive in the midst of this year’s economic downturn, and “home” has taken on a new meaning for many of us during this time. Best of all, the housing market is making a significant impact as the economy recovers.
First and Foremost, Safety First!
As we move forward trying to navigate our way through our new surroundings. Putting your dream of a new a home on HOLD shouldn’t be one of them. Now more than ever knowledge will be your power. Know the Market You’re In and your Negotiation Power.
In Closing
If you have any questions contact us: Chatbot, in the bottom right. Contact me by Email or my Cell @ 248-343-2459. With all the doom and gloom of the virus, one thing history has shown us, this will NOT define us. Stay safe! Please share your thoughts below or what future article you would like to see. Your opinion is important to us…. this site is for you ❣
Help me Find my Perfect Dream Home!
Tell me what you’re looking for in your new Dream Home…I can help you find the newest and best homes on the market.
See how you can save Thousands.
Have Questions?
Let us know what we can do to help you work your way through the Buying & Selling Puzzle.
Website Development, Production, and Content by Pam Sawyer @ Team Tag It Sold © 2017 All Rights Reserved
Rob and Angie Oceola Twp
Sue and Mark S.
Real Estate Is a Driving Force in the Economy
As the economy recovers from this year’s health crisis, the housing market is playing a leading role in the turnaround. It’s safe to say that what we call “home” is taking on a new meaning. This is causing many of us to consider buying or selling sooner rather than later. Housing, therefore, has thrived in an otherwise down year.
Today’s high buyer demand combined with low housing inventory means we’re seeing home prices appreciate at an above-average pace. This demand is being driven by those who want to take advantage of historically low mortgage rates. According to Freddie Mac:
“The record low mortgage rate environment is providing tangible support to the economy at a critical time, as housing continues to propel growth.”
These factors are driving a positive impact on the economy as a whole. According to the National Association of Realtors (NAR); the real estate industry provided $3.7 billion dollars of economic impact to the country last year. To break it down, in 2019, the average newly constructed home contributed just over $88,000 per build to local economies. Across the country, real estate clearly makes a significant impact (See map below):
Bottom Line
The American Dream of homeownership has continued to thrive in the midst of this year’s economic downturn, and “home” has taken on a new meaning for many of us during this time. Best of all, the housing market is making a significant impact as the economy recovers.
First and Foremost, Safety First!
As we move forward trying to navigate our way through our new surroundings. Putting your dream of a new a home on HOLD shouldn’t be one of them. Now more than ever knowledge will be your power. Know the Market You’re In and your Negotiation Power.
In Closing
If you have any questions contact us: Chatbot, in the bottom right. Contact me by Email or my Cell @ 248-343-2459. With all the doom and gloom of the virus, one thing history has shown us, this will NOT define us. Stay safe! Please share your thoughts below or what future article you would like to see. Your opinion is important to us…. this site is for you ❣
Help me Find my Perfect Dream Home!
Tell me what you’re looking for in your new Dream Home…I can help you find the newest and best homes on the market.
See how you can save Thousands.
Have Questions?
Let us know what we can do to help you work your way through the Buying & Selling Puzzle.
Website Development, Production, and Content by Pam Sawyer @ Team Tag It Sold © 2017 All Rights Reserved
Mark and Sue S.
Kevin & Kathy K.
Real Estate Is a Driving Force in the Economy
As the economy recovers from this year’s health crisis, the housing market is playing a leading role in the turnaround. It’s safe to say that what we call “home” is taking on a new meaning. This is causing many of us to consider buying or selling sooner rather than later. Housing, therefore, has thrived in an otherwise down year.
Today’s high buyer demand combined with low housing inventory means we’re seeing home prices appreciate at an above-average pace. This demand is being driven by those who want to take advantage of historically low mortgage rates. According to Freddie Mac:
“The record low mortgage rate environment is providing tangible support to the economy at a critical time, as housing continues to propel growth.”
These factors are driving a positive impact on the economy as a whole. According to the National Association of Realtors (NAR); the real estate industry provided $3.7 billion dollars of economic impact to the country last year. To break it down, in 2019, the average newly constructed home contributed just over $88,000 per build to local economies. Across the country, real estate clearly makes a significant impact (See map below):
Bottom Line
The American Dream of homeownership has continued to thrive in the midst of this year’s economic downturn, and “home” has taken on a new meaning for many of us during this time. Best of all, the housing market is making a significant impact as the economy recovers.
First and Foremost, Safety First!
As we move forward trying to navigate our way through our new surroundings. Putting your dream of a new a home on HOLD shouldn’t be one of them. Now more than ever knowledge will be your power. Know the Market You’re In and your Negotiation Power.
In Closing
If you have any questions contact us: Chatbot, in the bottom right. Contact me by Email or my Cell @ 248-343-2459. With all the doom and gloom of the virus, one thing history has shown us, this will NOT define us. Stay safe! Please share your thoughts below or what future article you would like to see. Your opinion is important to us…. this site is for you ❣
Help me Find my Perfect Dream Home!
Tell me what you’re looking for in your new Dream Home…I can help you find the newest and best homes on the market.
See how you can save Thousands.
Have Questions?
Let us know what we can do to help you work your way through the Buying & Selling Puzzle.
Website Development, Production, and Content by Pam Sawyer @ Team Tag It Sold © 2017 All Rights Reserved
Mr. and Mrs. K..... / Softwater Woods
Mr. & Mrs. B. – Nickelby & St. Andrews
Real Estate Is a Driving Force in the Economy
As the economy recovers from this year’s health crisis, the housing market is playing a leading role in the turnaround. It’s safe to say that what we call “home” is taking on a new meaning. This is causing many of us to consider buying or selling sooner rather than later. Housing, therefore, has thrived in an otherwise down year.
Today’s high buyer demand combined with low housing inventory means we’re seeing home prices appreciate at an above-average pace. This demand is being driven by those who want to take advantage of historically low mortgage rates. According to Freddie Mac:
“The record low mortgage rate environment is providing tangible support to the economy at a critical time, as housing continues to propel growth.”
These factors are driving a positive impact on the economy as a whole. According to the National Association of Realtors (NAR); the real estate industry provided $3.7 billion dollars of economic impact to the country last year. To break it down, in 2019, the average newly constructed home contributed just over $88,000 per build to local economies. Across the country, real estate clearly makes a significant impact (See map below):
Bottom Line
The American Dream of homeownership has continued to thrive in the midst of this year’s economic downturn, and “home” has taken on a new meaning for many of us during this time. Best of all, the housing market is making a significant impact as the economy recovers.
First and Foremost, Safety First!
As we move forward trying to navigate our way through our new surroundings. Putting your dream of a new a home on HOLD shouldn’t be one of them. Now more than ever knowledge will be your power. Know the Market You’re In and your Negotiation Power.
In Closing
If you have any questions contact us: Chatbot, in the bottom right. Contact me by Email or my Cell @ 248-343-2459. With all the doom and gloom of the virus, one thing history has shown us, this will NOT define us. Stay safe! Please share your thoughts below or what future article you would like to see. Your opinion is important to us…. this site is for you ❣
Help me Find my Perfect Dream Home!
Tell me what you’re looking for in your new Dream Home…I can help you find the newest and best homes on the market.
See how you can save Thousands.
Have Questions?
Let us know what we can do to help you work your way through the Buying & Selling Puzzle.
Website Development, Production, and Content by Pam Sawyer @ Team Tag It Sold © 2017 All Rights Reserved
Mr. and Mrs. B. Nickelby and St. Andrews
Gordie W. Former Editor Macomb Daily
Real Estate Is a Driving Force in the Economy
As the economy recovers from this year’s health crisis, the housing market is playing a leading role in the turnaround. It’s safe to say that what we call “home” is taking on a new meaning. This is causing many of us to consider buying or selling sooner rather than later. Housing, therefore, has thrived in an otherwise down year.
Today’s high buyer demand combined with low housing inventory means we’re seeing home prices appreciate at an above-average pace. This demand is being driven by those who want to take advantage of historically low mortgage rates. According to Freddie Mac:
“The record low mortgage rate environment is providing tangible support to the economy at a critical time, as housing continues to propel growth.”
These factors are driving a positive impact on the economy as a whole. According to the National Association of Realtors (NAR); the real estate industry provided $3.7 billion dollars of economic impact to the country last year. To break it down, in 2019, the average newly constructed home contributed just over $88,000 per build to local economies. Across the country, real estate clearly makes a significant impact (See map below):
Bottom Line
The American Dream of homeownership has continued to thrive in the midst of this year’s economic downturn, and “home” has taken on a new meaning for many of us during this time. Best of all, the housing market is making a significant impact as the economy recovers.
First and Foremost, Safety First!
As we move forward trying to navigate our way through our new surroundings. Putting your dream of a new a home on HOLD shouldn’t be one of them. Now more than ever knowledge will be your power. Know the Market You’re In and your Negotiation Power.
In Closing
If you have any questions contact us: Chatbot, in the bottom right. Contact me by Email or my Cell @ 248-343-2459. With all the doom and gloom of the virus, one thing history has shown us, this will NOT define us. Stay safe! Please share your thoughts below or what future article you would like to see. Your opinion is important to us…. this site is for you ❣
Help me Find my Perfect Dream Home!
Tell me what you’re looking for in your new Dream Home…I can help you find the newest and best homes on the market.
See how you can save Thousands.
Have Questions?
Let us know what we can do to help you work your way through the Buying & Selling Puzzle.
Website Development, Production, and Content by Pam Sawyer @ Team Tag It Sold © 2017 All Rights Reserved
Gordie W.
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