Found 2 blog entries tagged as Michigan home prices.

Metro Detroit’s housing market is making headlines, and for once, it’s not the usual story of steady-as-she-goes growth. Home prices in the Motor City metro are soaring at one of the fastest rates in the nation. In fact, recent data showed Metro Detroit near the very top of U.S. cities for annual home price appreciation. Detroit even briefly held the #1 spot for fastest-rising prices late last year. This surge has caught the attention of families and industry experts alike. What’s fueling this sudden rise, and what does it mean for local buyers and sellers? Let’s break it down, with the friendly insight of a lifelong Michigander who’s seen a thing or two in this market.

Metro Detroit Home Prices Soar to the Top of the Charts

It might surprise…

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You’ve seen the headlines everywhere: “Recession looming,” “Inflation uncertainty,” and “Mortgage rate volatility.” Conversations at work, at the local coffee shop, or even around the dinner table probably sound similar: “Maybe we should wait until the recession hits before making a real estate move.” It’s understandable. On paper, recessions seem like they should bring falling prices and lower interest rates, creating the perfect conditions to buy or prompting urgency to sell quickly before values decline.

But here's the truth from someone who’s been through multiple market cycles in Metro Detroit: real estate markets rarely behave exactly as expected. Instead of making emotional or speculative decisions based solely on the fear of recession,…

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