by Susanne Novak | Mar 8, 2021 | Buyer Tips, Trends
Last Friday, two of my clients signed contracts on new construction homes. One was lucky and got the last market home in their preferred MI subdivision. The other couple missed out on an inventory home they really liked. It was snatched up by another buyer the morning...
by Susanne Novak | Feb 22, 2021 | Market Updates
In January, home sales increased by 10.4% while new listings declined by 9.1%. Are we facing a future with absolutely no inventory for sale? This chart shows how the inventory has dropped over the past 10 years. In January, the number of home sales surpassed active...
by Susanne Novak | Feb 15, 2021 | Buyer Tips, Neighborhoods
Commercial real estate was somewhat depressed due to the pandemic. Residential construction on the other hand has been booming. We saw a 27% increase in single and multi-family construction in 2020 over the previous year. That’s the most activity since 2010. New...
by Susanne Novak | Feb 8, 2021 | Buyer Tips, Trends
The inventory of homes for sale has dropped by 47.3% in January as compared to a year ago. However, demand for housing has never been higher. My newest listing had 50 showings in 3 days. And more buyers scheduled to see the house yesterday. You are probably wondering...
by Susanne Novak | Feb 1, 2021 | Seller Tips
In today’s hot sellers’ market, you may be tempted to cut out the Realtor and try “For Sale by Owner” (FSBO). For most homeowners this is a mistake. You will likely lose money, experience high levels of stress, elevate your blood pressure, grow lots...
