Wages, Not Housing, Source of Market Speculation
EXIT Northern Shores Realty 6 years ago

Last week, the Dow fell 665 points in a single day, a number it bested (or worsted) to open this week, with a fall of another 1,1100 points. Experts immediately began looking for the source of what is still being called a 'correction', looking at influences ranging from political uncertainty, interest rate speculation, and a housing market that is seeing its growth slow for the first time in years. 

From out-going Fed Chair Janet Yellen to a number of talking heads, the Dow's downward tumble...
January Housing Trends: Less Competition, Lower Prices
EXIT Northern Shores Realty 6 years ago

We've seen a steady rise in listings, sales, and inquiries as we roll through the holidays. We take a look at why January is the kick-off to a busy winter and spring of home sales. 

There's certainly something to the belief that spring is prime time for housing sales. What's often lost in the shuffle, however, is that January and February can be great times for the right kind of homes and the right kind of buyers. While it might take a brave and motivated buyer to brave the cold weather, ther...
2018 Housing Trends To Watch For
EXIT Northern Shores Realty 6 years ago

It's almost a new year, and there are plenty of exciting things happening in the housing industry. Locally and nationally, what should we all be on the lookout for? We gaze into the crystal ball for a few trends to track in 2018. 

According to real estate site Inman, there are a number of interesting developments to watch for one. One of the most interesting to us is the trend of millennials moving to the suburbs. Metropolitan living is highly desirable, but expensive. With student loans, man...
Always Growing: Strong Housing Market Forecasted
EXIT Northern Shores Realty 6 years ago

We've been keeping our eyes peeled for this quarter's housing numbers. We're very excited to see national trends matching what we're seeing locally in Northern Michigan. Experts around the country confirm the whispered housing bubble isn't about to burst; in fact, there doesn't seem to be any reason to expect one anytime soon! 

As pointed out in The Housing and Mortgage Market Review, there's just a 4% chance that median home prices will drop over the next two years. That's a historically low...
Small Town Charms: Boyne City's Morel Festival
EXIT Northern Shores Realty 6 years ago

If there's anything quite as charming or quite as fun as a small-town festival, we'd love to know what it is! Boyne City takes center stage in Northern Michigan this weekend with the National Morel Festival! 

Yep, we're excited. Just a short drive north of our Elk Rapids office sits the town of Boyne City. Every year, on the weekend after Mother's Day, Boyne City plays host to the National Morel Festival. Now in its 57th year, the event is truly a mark of spring, and a sign that small-town li...
Research Confirms Hot 2017 Market
EXIT Northern Shores Realty 6 years ago

The housing market is always exceptionally fast-paced in the spring, but recent numbers confirm that this year has been one of the best for sellers...ever. 

Granted, some aspects of the study only have data that stretches back to 2010, but the volume, median price and other important factors in the market are proving that 2017 has been impressive. We looked at a couple of those factors in late March, which you can check out here, but things are really starting to find some momentum. 

Accordi...
Two Great Signs for the Housing Market This Spring
EXIT Northern Shores Realty 7 years ago

There are an awful lot of factors that can influence the housing market, but we found two key things that are very encouraging for 2017. With spring the proven time to buy, especially in the Midwest, these two indicators should make everyone excited about April, May, and June right here in Northern Michigan. 

First-time home buyers are in a particularly tough spot when it comes to entering the market, but one indicator of a healthy environment is the continuation of an older policy that looks...
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