Will the Housing Bubble BURST in 2022?

There has been talk of a bubble burst or real estate crash in 2022 for some time now, however most people may not realize that it takes multiple things to happen in order to flip the real estate market upside down. 

The Real Estate Market has been extremely strong these past 2 years, with home values soaring like never before. So how did we get where we are today? And what will happen in 2022?

First, when COVID hit the Fed dropped interest rates in order to make it more affordable for businesses to build and expand, and in turn stimulate the economy. In doing so, mortgage rates also fell to an all-time low. This brought a surge of buyers to the market trying to capitalize on these rates.

At the same time that buyers were flooding…

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Most Walkable Suburbs Near Detroit

Detroit is well known as a busy industrial area, so many people are pleasantly surprised to hear the city has several highly walkable suburbs. Whether someone is considering moving to Detroit or just visiting, knowing ahead of time when they're less likely to need a vehicle when leaving their Detroit home is essential. The following most walkable suburbs are near Detroit, Michigan, and here's what residents will find in each community.

Clawson

Clawson Amenities

• Large city park and a second, smaller park
• Clawson Stadium
• Community center with robust programs

Clawson is a beautiful neighborhood and suburb of Detroit located just west of I-75. It has a population of over 12,000 residents and sits in the Southern corner of…

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Fun Facts & Trivia About Detroit, MI

Detroit is famous for many iconic images, from Ford Motor Company to Eminem. However, there's more to this city than its measurements in miles and being home to international motor vehicle companies. Residents can easily walk from their Detroit homes straight into historic areas. Some long-time residents don't know all of the bits of history covered in this unique guide about the lesser-known side of the Motor City. Read on to discover some fun facts about Detroit, Michigan.

Detroit Was the Final Stop in the Underground Railroad

The Underground Railroad played a significant part in helping to free slaves from the south between 1800 to 1865. This secret network of aid allowed slaves to receive financial, spiritual, and material aid from various…

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Moving to Northville, MI: Moving & Relocation Guide

Living in Northville, MI

Located within Oakland and Wayne Counties, the Northville community is one of the most beloved Metro Detroit suburbs. The city has a distinctly suburban feel with plenty of green space to enjoy the sun and fresh air.

The city encompasses many area parks and even local museums that feature art and the area's history. Plus, residents have many choices if they are interested in higher education. For food lovers, Northville has a variety of restaurants to choose from and offers nightlife options for anyone looking for a fun night in the town. For shopping opportunities, there are many retailers within Downtown Northville and the surrounding area.

This is NOT your typical guide to Northville. In addition to helpful…

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30 Best Events in Metro Detroit for August 2021

We live in a beautiful state, and it doesn’t get any better than getting out with the family to enjoy summertime in Michigan!

If you're like me, you're always looking for fun things to do with the family or a great date night activity. Every month I'll do a video with 5 great events in Metro Detroit!

SUBSCRIBE to be notified monthly when a new video drops! At the end of this description, click our blog to see an ADDITIONAL 5 events (most kid-friendly) for each county — 30 ideas total!

Here is our list of the TOP 5 things to do in Metro Detroit for August 2021! These family-friendly events are great for all ages and cover Oakland, Livingston, Macomb, Wayne, and Washtenaw counties. We also threw in some other great happenings in each county during…

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Metro Detroit Real Estate Market Update - May 2022!

Heading into May 2022 we are continuing to see some influencing changes taking place in both the real estate and financial markets. But will those changes be enough to cause the housing market to go up in smoke?

In this video I will update you on the latest changes happening with inflation, interest rates, and of course how they will impact the current and future real estate market.

INFLATION

Inflation continues to be the topic on most people's minds, and it continues to rise, for now. We’re now at a 8.5% inflation rate, being the highest seen in the past 41 years. This is being felt by Americans across the nation, whether at the gas pump, buying groceries, car shopping, and pretty much everywhere else you can name. However, this is…

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Increase Your Home's Value: 4 Easy Strategies for ROI on Your Home

When it comes time to sell your home, you likely want it to go for the highest possible price. On Local4News, Michael Perna spoke about easy ways to increase your home's value. Read below for steps that could increase your home's value by two to five percent.

Declutter to Make the Home Seem Larger and Welcoming

The first step in helping to maximize your home's value is to declutter. A good start is going through all the closets and organizing or removing 30 to 50 percent of the items. A half-full closet looks much bigger and will allow buyers to imagine their own clothes in the space. Decluttering is also an important piece of your own moving process.

Removing clutter from the rest of the home should come next. Doing so throughout the home…

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The Perna Team Accolades

Sadie Callegari Featured on WXYZ-TV

Sadie Callegari Discusses Time Management While Balancing Work & Family Life

A big THANK YOU to WXYZ-TV Channel 7 for featuring our very own Sadie Callegari on how the pandemic has affected working mothers and how to help overcome those obstacles. 

In her years as a Real Estate agent and now Director of Coaching & Training, Sadie has mastered the use of her calendar for effective time management, which has been a tremendous help with balancing personal and family time as well.

As a working mom herself, she advises staff and other working moms to "give yourself a bit of grace". Give 100% while you're working, but do the same thing for your family while at home - "Put your phone to the side, be 100…

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How to Evaluate the Right Offer for Your Home

Here are the things that sellers (and buyers) should be paying attention to.

Today I’m coming to you with a couple of tips about how to evaluate an offer when you’re selling in this market and how to make a winning offer if you’re buying. I’ll talk about important factors in multiple-offer situations, including price, contingencies, and occupancy.

Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch the full message, or use these timestamps to browse specific topics at your leisure:

0:25 — Why contingency dates and time frames are so important in this market

1:02 — How financing details play a role in determining the strength of an offer

1:55 — Pay special…

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May 2021 Market Update: The Numbers Are In!

The real estate market is still on fire with 51% of homes closed in May of 2021 selling ABOVE asking price!

This is the first time we have seen the closed sales above the asking price go above the 50% mark. Additionally, the average time on the market has dropped to a record low of just 17 Days across the board.

In Metro Detroit, we saw average sales prices increase to $262,500, up to $10,500 from the April 2021 average of $252,000. This is an incredible jump. On a national level over the past 12 months, we have seen the average sales price increase 13.2%, with the increase in Metro Detroit just a bit higher at 14%.

The number of sales we are seeing month over month is holding steady with just a slight increase of 100 homes between…

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