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...
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...
List Today, Gone Tomorrow: Hot Market Makes Sales Exciting
EXIT Northern Shores Realty 6 years ago

You've heard it time and time again this spring. The housing market is absolutely thriving, rates are still historically low, and there is a bevy of wonderful homes available all across Northern Michigan. Still, you're not sure if that's all talk or if it's really that easy to move your home in this day and age. 

Our agents are turning houses in as little as 24 hours from their official listing. With an experienced, professional agent on your side, the process of selling your home is so much...
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...
Is Spring The Best Time To Buy A House?
EXIT Northern Shores Realty 7 years ago

It's a long-held belief that spring is the best time to enter the housing market. But why? There's a lot more to it than you might expect. We take a look to see if more houses are sold in the spring and try to determine just why that is. 

Nationally, the time to buy a home is spring, typically viewed as starting in March and ending in May or early June. The convenient answer is that it's simply because the weather is better, homes are unburied from beneath the snow, and it's more pleasant to...
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