Archive for the 'Market Updates' Category
Metro Detroit Home Sales UP for the 4th Consecutive Month
1 Comment Published May 6th, 2008 in Beverly Hills MI Real Estate, Birmingham MI Real Estate, Bloomfield Hills MI Real Estate, Buyer Information, Market Updates, Metro Detroit, Royal Oak MI Real Estate, Seller Information, Troy MI Real Estate, Uncategorized.Yes, that headline is correct. Sales are up over last year for the fourth month in a row, according to our MLS, Realcomp II. We’ve told you, we are seeing a lot of activity, and we are busier than ever. Spring has sprung! Here is Realcomp’s report
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Yesterday I tried to […]
Observations: Oakland County Housing Market Spring 2008
3 Comments Published May 1st, 2008 in Beverly Hills MI Real Estate, Birmingham MI Real Estate, Bloomfield Hills MI Real Estate, Buyer Information, Market Updates, Metro Detroit, Royal Oak MI Real Estate, Seller Information, Troy MI Real Estate.Dmitry and I have had our busiest Spring in real estate in years in 2008. We are working with more clients than ever before. Last week we had a couple of closings and we asked the other Realtors and mortgage brokers if they were seeing what we are seeing: a lot more buying activity in […]
March 2008 Oakland County Property Statistics
0 Comments Published April 18th, 2008 in Market Updates, Metro Detroit.This just in from MCAR, our board of Realtors.
Sales figures for March cooled off a little from the previous two months. In February, for example, sales in Oakland County were up seven percent year-to-year. For March, sales dipped four percent. One likely culprit: the fourth snowiest March since 1880. And home buyers that may have […]
I Am Not Whining About Being Too Busy Selling Homes…
3 Comments Published March 12th, 2008 in Birmingham MI Real Estate, Bloomfield Hills MI Real Estate, Buyer Information, Dmitry and Maureen, Market Updates, Metro Detroit, Seller Information.Sure, the Southeast Michigan real estate market has hit a rough patch. There are lots of homes on the market longer than the owners want them to be. But right now, Dmitry and I barely have time to eat dinner together. We are both running in different directions taking care of clients’ needs.
In the last […]
Home Sales UP in February
0 Comments Published March 12th, 2008 in Birmingham MI Real Estate, Bloomfield Hills MI Real Estate, Market Updates.Don’t take my word for it, take the Free Press’s.
Sales of homes and condos in metro Detroit rose 12.8% in February compared with a year ago, according to figures released Tuesday by Realcomp.
There were 3,591 home and condo sales in the metro area in February compared with 3,184 in the same month in 2007. Realcomp […]
Eastern European Investors Interested In Metro Detroit Real Estate
3 Comments Published March 10th, 2008 in Market Updates, Metro Detroit.When I first landed in the Former Soviet Union in 1992, the average wage was probably about $20 a month and investment was a new concept. Early “business men” were thought of as thugs, and the notion of capitalism was still very foreign. In fact, as a Peace Corps Business Advisor, I was […]
How is the Market?
1 Comment Published January 25th, 2008 in Beverly Hills MI Real Estate, Birmingham MI Real Estate, Bloomfield Hills MI Real Estate, Buyer Information, Market Updates, Metro Detroit, Royal Oak MI Real Estate, Troy MI Real Estate.Or, “how bad is the market?” Yep, we get asked that all the time.
First, let me say that we are busy. Our business has been very steady since we started selling homes in 2001. We’ve always looked at this as a business, not a hobby or something to fill our idol time now that […]
Oakland County Home Sale Statistics-Third Quarter 2007
0 Comments Published October 12th, 2007 in Beverly Hills MI Real Estate, Birmingham MI Real Estate, Bloomfield Hills MI Real Estate, Market Updates, Metro Detroit, Royal Oak MI Real Estate, Troy MI Real Estate.Housing market figures for Oakland County in September reflect a decrease in sales activity compared to September 2006: sales and sales volume were down eight percent and 18 percent, respectively.
Among the municipalities experiencing positive sales activity in the year-to-year comparison (with a minimum of 15 sales) were:
Commerce Township, which […]
This is not a buyer’s market!
15 Comments Published October 4th, 2007 in Beverly Hills MI Real Estate, Birmingham MI Real Estate, Bloomfield Hills MI Real Estate, Luxury Homes, Market Updates, Metro Detroit, Royal Oak MI Real Estate, Troy MI Real Estate.I can take this discussion in two directions.
First, I checked the sales in the MLS this morning, just like I do every morning (and again periodically through the day). In the past few days 11 houses have rented in Birmingham and Beverly Hills and 6 were sold. I would call that a […]
Oakland County Home Sales Hold Steady in August
0 Comments Published September 11th, 2007 in Beverly Hills MI Real Estate, Birmingham MI Real Estate, Bloomfield Hills MI Real Estate, Buyer Information, Market Updates, Metro Detroit, Royal Oak MI Real Estate, Seller Information, Troy MI Real Estate.Last week the Detroit New’s new Real Estate reporter, Nathan Hurst, and I had a chance to talk on the phone. Nathan has been here a couple of months now, and is excited about his new position covering the Metro Detroit real estate beat. He comes here from Boston and Nathan admitted that […]
Another Type of Real Estate Market Correction
13 Comments Published September 9th, 2007 in Market Updates, Metro Detroit, Real Estate Opinion.Consumers might not notice this readily, but a different kind of correction is taking place in the Southeast Michigan real estate market: agents are quitting the business.
The exodus in the mortgage industry began some time ago, maybe more than a year. With refi business falling off and purchases at a lower rate, mortgage […]
Forbes Magazine Says Metro Detroit Homes Are Affordable
0 Comments Published September 3rd, 2007 in Beverly Hills MI Real Estate, Birmingham MI Real Estate, Bloomfield Hills MI Real Estate, Buyer Information, Market Updates, Metro Detroit, Royal Oak MI Real Estate, Seller Information, Troy MI Real Estate.Metro Detroit ranks 3rd in terms of the nation’s most affordable housing markets, according to Forbes magazine. They report these stats:
Median home price: $154,600
Median household income: $63,052
Recent affordable home sales: 87.4%
They explained that it would take just over two years of gross income to purchase a home in a market like Metro Detroit, though many […]




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