Real Estate Market

Lapeer MI / Low Inventory Causes Home Prices To Maintain Fast Growth

piggy bank shaped like a house

As Lapeer has developed over the years, many neighborhoods are now blended together. If you are looking for a city living style, the Lapeer community has everything to offer and more. Today, we would like to talk about Low Inventory Causes Home Prices To Maintain Fast Growth. The National Association of Realtors (NAR) released their latest Quarterly Metro…

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Lake Orion MI, Homes Sold and For Sale Report For April 2017

homes

Homes Sold and For Sale Report For April 2017. May 5, 2017 Lake Orion (48359,48360,48362) had 76 homes sold at an average sale price of $287,000.00 that’s up 3.8% from last year at this time. Days on market continue to decrease, 19 days on average. Total new listings were at 99 properties. This Market Has…

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Pending Home Sales Jump To 10 Year High

home sales jump

Pending Home Sales Jump To 10 Year High Pending home sales posted a strong rebound in February, soaring to the highest level in nearly a year and the second highest level in more than a decade, the National Association of REALTORS® reported Wednesday. All major regions saw an uptick in sales contracts last month. NAR’s…

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Here Come 59 Million Buyers!

million buyers

Here Come 59 Million Buyers! One in four U.S. adults say they are considering buying a home this year, which extrapolates to a whopping 59 million people, according to a recent survey by Bankrate.com. Minorities are expected to be big buyers this year. More than two in five black survey respondents said they were considering…

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Lapeer MI, Homes Sold and For Sale Report For April 2017

homes

Lapeer MI, Homes Sold and For Sale Report For April 2017 May 19, 2017 Lapeer (48446) had 14 homes sold at an average sale price of $177,000.00 that’s up 16.2% from last year at this time. Days on market continue to decrease, 38 days on average. Total new listings were at 38 properties. This information…

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More Housing Markets Move Into “Buy” Zone

markets

The U.S. housing market is moving deeper into “buy territory,” which indicates that the majority of housing markets remain a sound investment, according to a newly released national index by Florida Atlantic University and Florida International University. “Housing prices, in general, continue to slow and when considered in light of the recent trends in the…

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Lapeer Housing Affordability Is Improving, slightly

lapeer, affordability

“nearly one in five U.S. housing markets was not affordable by historic standards” … Eighteen percent of U.S. housing markets were less affordable than normal in the second quarter of 2016. That’s down slightly from affordability levels a year ago, when 20 percent of markets exceeded their normal affordability levels according to RealtyTrac. Their housing…

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Home Sales At Highest Pace In 9 Years

team success listing

“this spring’s sustained period of ultra-low mortgage rates has certainly been a worthy incentive to buy a home, but the primary driver”… All major U.S. regions except the Midwest saw an uptick in existing-home sales last month, the National Association of REALTORS® reported Wednesday. As tight inventories continue to plague many markets, the median sales…

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