Real Estate & Financial Market Update | November 2022
Posted by Michael Perna on
Halloween is just a couple of days away, but the real estate & financial market update isn’t as scary as some portray. Yes, shifts are continuing to take place in both markets, but where does that lead us heading into November 2022? Let’s take a look at what’s happening and how that affects us here in Metro Detroit and beyond.
Gas Prices
We had previously seen a 99 day decline on gas prices moving through the summer into September, but couldn’t quite make it past the 100 day mark. A group of countries including Russia and the OPEC Nations who control 50% of the oil supply decided to ship 2 Million LESS barrels of oil per day to countries that rely on the supply such as Europe and the United States. Why? It’s all about the Benjamins. They feel…
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