Real Estate news in and around Detroit. 

Capture the Beauty of Your Home for Free This Fall with Professional Photography!

As fall brings vibrant colors and crisp air, it's the perfect time to showcase your home’s unique charm before it’s covered by winter’s snow. Whether you’ve thought about selling your home next month or early next year, we have exciting news! The Perna Team is offering FREE professional photos of your home this fall—with no obligation to list with us.

Why Take Advantage of This Offer?

  • Highlight your home’s best features: Professional photography can capture the stunning fall foliage, natural light, and beauty of your property, making it look its best.
  • No strings attached: This offer is completely obligation-free. You don’t need to list with us—photos…

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Buying a Home Just Got a Lot Harder: Navigating the New Real Estate Landscape

As of August 17, 2024, significant changes have been introduced into the real estate industry, fundamentally altering the way transactions are conducted and affecting both buyers and sellers. These changes have sparked confusion and concern among potential homebuyers, particularly those living in Metro Detroit or considering moving to Metro Detroit. This article aims to demystify these new regulations, explain their implications, and provide insight into how both buyers and sellers can navigate this evolving landscape.

  

Understanding the New Commission Rules

One of the most significant changes revolves around how real estate commissions are handled,…

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As we continue into the 2nd half of 2024, prospective home buyers are keenly observing the evolving housing market trends to determine if affordable home prices are on the horizon. The spring home-buying season, anticipated to be promising, ended up being a thorny challenge for many, with elevated mortgage rates and high home prices stalling sales. However, a silver lining emerged as more resale inventory entered the market, putting some downward pressure on the pace of home price growth. Additionally, the median price for a new home has dipped below that of resale homes, with builders offering incentives to attract buyers. For those living in Metro Detroit or considering moving to Metro Detroit, these trends provide a glimmer of hope. Yet, experts agree…

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If you're living in Michigan or considering moving to Michigan, you're in for a treat with the state's eclectic mix of amusement parks that offer something for everyone. From the giant dinosaur sculptures at Dinosaur Gardens in Ossineke to the Netherlands-themed adventures at Nelis' Dutch Village in Holland, Michigan's amusement parks are as varied and vibrant as the state itself. Whether you're in the mood for the thrilling coasters at Michigan's Adventure in Muskegon or the immersive night walks at Glenlore Trails in Commerce Township, these 10 fun and unique destinations promise unforgettable experiences. So buckle up and get ready to explore the quirkiest, most entertaining spots the Great Lakes State has to offer!

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Embarking on the journey to purchase a home can be both an exhilarating and daunting endeavor. Many prospective homebuyers are plagued by anxiety and frustration due to a lack of clarity on the necessary steps involved. A common mistake made by many is the reliance solely on internet based home-search applications. These platforms often lead to endless scrolling, witnessing ideal homes being swiftly taken off the market, and the painful experience of missed opportunities. The key to success in home buying lies in preparedness. Being well-prepared ensures that when you do find that perfect property, you are ready to swiftly make an offer and proceed to closing. For those planning to secure a home in the near future, understanding the correct sequence…

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Embarking on the journey of finding and purchasing your dream home is an exhilarating experience, especially when it involves the vibrant and diverse neighborhoods of Metro Detroit. Whether you're already enjoying the unique charm of living in Metro Detroit or are contemplating the exciting prospect of moving to Metro Detroit, the path to homeownership here is filled with discovery, opportunity, and the joy of envisioning your future in a community that resonates with your lifestyle. With a landscape as rich and varied as Metro Detroit's, from the historic elegance of its suburbs to the bustling energy of its urban centers, the process of buying a home becomes not just a transaction, but a significant milestone in your life's journey, guided by insightful…

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As the allure of luxury living in Metro Detroit continues to captivate both longtime residents and those considering moving to Metro Detroit, the real estate market within this vibrant region has witnessed unprecedented growth and sophistication. In a year that saw the luxury real estate sector shatter previous records, Metro Detroit emerged as a beacon of opulence, with architectural marvels and estates of unparalleled grandeur. With 810 homes sold above the million-dollar mark—a significant increase from the previous year—it's clear that the appetite for luxury is not just enduring but thriving. This year, the exclusivity bar was raised even higher, with all top 10 sales nestled within the prestigious bounds of Oakland County and surpassing the $4…

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Detroit is the largest city in Michigan, and with a population of over 670,000, it also has the highest number of people. The greater metro Detroit area is home to 4.3 million people, making it the second largest metro area in the United States behind Chicago.

Although synonymous with the automobile industry, Detroit is also regarded as a cultural center and a repository for architecture. Since the 2000s, the city has focused on the restoration of several historic theaters and other venues, improving the region's restaurants, as well as high-rise buildings and riverfront revitalization. In recent years, the populations of Downtown Detroit, Midtown Detroit, and several other great Detroit neighborhoods have experienced growth. Take a look at the…

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2-1 Buydowns

Mortgage buydowns are nothing new, but have recently been making a big comeback with interest rates in 2022 into 2023. You may or may not have heard of them before, but you’ll want to be familiar with the pros and cons of using a mortgage buydown before purchasing your next home.

Jump to a Section:

  • History of 2/1 Mortgage Buydowns
  • What is a 2-1 Buydown and How Does it Save You Money
  • Upfront Cost
  • Not a Permanent Solution
  • Consumer Behavior
  • No Guarantees on Interest Rates

     

History of 2/1 Mortgage Buydowns

With homebuyers searching for ways to lower their mortgage rates, a previously popular home-selling strategy is making a comeback. Known as a temporary buydown and commonly referred to as…

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You wouldn't know it judging by the roar of the crowds with the U of M Wolverines winning a National College Football Championship this year, but Ann Arbor, Michigan was just ranked as the number 3 most peaceful place to live in all of America. This distinction comes from an analysis conducted by the finance website Insider Monkey, which assessed cities nationwide based on their average noise levels and the accessibility of parks to their inhabitants, culminating in a ranking of the 25 Most Peaceful Places to Live in the US. The only two cities to beat Ann Arbor in this ranking were the smaller communities of Fort Collins and Boulder, Colorado. This accolade is not merely a reflection of the city's tranquil ambiance but also its commitment to…

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