One year ago Michael Perna made eight predictions regarding what would be seen in the 2022 real estate and financial markets. Six of them turned out to be right on the money, one started out on the right foot before taking a turn, and one - well he was completely off. Now Mike is back with eleven more predictions for 2023! Will he keep up his winning streak or will 2023 throw us all a curveball? For that answer, only time will tell.

2022 brought a lot of change to the markets with real estate cooling off significantly in comparison to the previous year and many stock values taking a hit. 2023 is also shaping up to hold quite a bit of change in store - some for the better, some not so much. Read on for our top predictions of the year.

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In December of 2021, Michael Perna released a video giving his predictions on what we would see take place in the real estate and financial markets of 2022, but how close was he after all was said and done? In this article we’ll take a look back at 8 predictions versus what the actual outcome was.

Rent Prices
Prediction: Rent costs will continue to rise in 2022.
Actual: True. Rent costs increased dramatically across Metro Detroit and the United States as a whole throughout 2022 before beginning to slightly decrease in Q4 in some areas. 

There are several factors that can cause rent prices to increase with the largest contributors to increasing rent prices seen in 2022 being skyrocketing home values, high inflation and low inventory…

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January 2023 is just around the corner and we couldn’t be more excited for another year of awesome happenings taking place around Metro Detroit! We’re starting the year off strong with some excellent events that are both family friendly and fun for adults. Let’s dive in! 

Van Gogh in America 

If you haven’t yet made your way to the Detroit Institute of Arts, January is your last chance to attend Van Gogh in America! This exhibit celebrates the 100th anniversary of the DIA's status of becoming the first public museum in the United States to purchase a painting by Vincent van Gogh, his Self-Portrait painted in 1887. With 74 authentic Van Gogh works from around the world, the DIA is the exclusive venue where you can visit to see this…

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Concerts and stand up comedy shows are getting off to a bit of a slow start for 2023, but there are still some big names (and one legendary name!) coming to town this January. Whether you’re a fan of funk, hip-hop, rock or looking for a night of laughs, get out and visit one of our wonderful venues to start the year out strong!

CONCERTS

Elvis The Concert of Kings

MotorCity Casino Hotel 
January 12

Click here for tickets and info 

     

Loud Luxury

Royal Oak Music Theatre
January 13

Click here for tickets and info 

Bone Thugs-N-Harmony

MotorCity Casino Hotel 
January 14

Click here for tickets and info 

 

George Clinton and Parliament Funkadelic

Music Hall Center for the Performing Arts
January 20

Click here…

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2022 is almost in the books (can you believe it?!?) and Metro Detroit is going out in style with some of the top events in Michigan to celebrate New Year’s Eve! With excellent choices for both adults and more family friendly events, you’re sure to find the perfect way to kick off 2023 in style!

EVENTS FOR ADULTS

Detroit NYE Bar Crawl 
Exodus Rooftop December 31, 2022
529 Monroe Street Detroit, MI 48226
December 31, 2022

If you’re looking to party and dance the night away you can’t go wrong with the annual Detroit New Year’s Eve Bar Crawl! Check in is at Exodus Rooftop beginning at 6 p.m. and the fun runs straight through the night until 2 a.m. Ticket prices range from $30 to $40 and provide free access to six of Detroit’s hottest bars…

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So you’re thinking about buying a home. Awesome! You’ve visited your favorite realtor’s website, picked out some beautiful homes in your favorite cities, you’ve thought of everything and are ready to start scheduling some showings! Right? Before you do, double check that you’re prepared for this journey and arm yourself with the knowledge that will protect your family both during and after the purchase of your new home.

Private Mortgage Insurance

We touched on this in 10 Things You MUST Know Before Buying a Home Part 1, but believe it’s an important enough part of the process to dive into deeper detail here. If you don’t put at least 20% down when purchasing a home with a conventional mortgage, the bank is going to require that you get…

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Novi, Michigan is one of our favorite cities in Metro Detroit to live, work, play and to eat! With so many amazing restaurants in Novi, it should come as no surprise that they hold their own for some of the top local spots in the brunch category. Whether you’re looking for a classic meal like steak & eggs, or something a little different, you’re sure to find the best of Novi in our list below.

Picasso Deli

Picasso Deli is a local family owned and operated business who got their start when owners Jerry & Nihad opened their first Deli in Ann Arbor over 30 years ago. Today their sons have taken over the family business with 16 different locations here in southeast Michigan, including the Novi location situated on the south side of Grand River…

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If you have yet to visit the various fairs and festivals in Novi, Michigan, you’re going to want to move these to the top of your calendar! The city itself hosts some excellent events throughout the year, as well as the Suburban Collection Showplace being home to a wide variety of expos that are fun for all ages. Read on for our top suggestions!

The Novi Home & Garden Show 
January / April / October
SUBURBAN COLLECTION SHOWPLACE
46100 GRAND RIVER AVE, NOVI, MI 48374

One of the most popular events held at the Suburban Collection Showplace is The Novi Home & Garden Show. It’s so popular in fact that it’s held three separate times throughout the year, being in January, April and again in October. As a one-stop destination for home improvement…

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Moving into December 2022 we continue to see shifts taking place in the Real Estate Market and Financial Markets, but are the latest updates pointing towards disaster or are we finally starting to see a silver lining as 2023 approaches?

JOBS REPORT

Despite the looming recession and recent layoffs, the latest Jobs Report added 261,000 jobs this October, yet again beating the estimated amount of 205,000. While the actual number exceeded expectations, it is safe to say that we’re likely finished seeing months of 400k up to as many as 700k jobs added. The unemployment ticked up from 3.6% to 3.7%, however the recent big tech layoffs were not included in these numbers, so it will be interesting to see how that data reflects in the findings of the…

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Metro Detroit has come alive with numerous events throughout the area featuring some amazing Christmas light displays sure to warm your heart and stir your Christmas spirit. Whether you’re searching for a drive-through tour of lights, or a stroll under the stars, holiday shopping, or more, Metro Detroit does not disappoint.

For directions, tickets and additional information on each event be sure to reference the interactive map at the end of this article.

Honorable Mentions

The House with a Bazillion Lights

Our first honorable mention is located in a residential neighborhood of Livonia and has become a local favorite affectionately known as The House with a Bazillion Lights. For the first few years after purchasing the home in 1996, the…

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