Found 2 blog entries tagged as Michigan real estate market analysis.

As the housing market in southeast Michigan steps into 2025, a mix of promising opportunities and persistent challenges shapes the region’s real estate landscape. From rising home values to fluctuating mortgage rates, the interplay of supply and demand continues to define this dynamic market, presenting a diverse range of prospects for buyers, sellers, and investors.

Modest Price Growth Driven by Demand

Home prices in southeast Michigan are projected to rise between 3% and 5% in 2025, according to Dan Elsea, president of Brokerage Services at Real Estate One Family of Cos. While the increase is more tempered compared to previous years, affordability challenges persist, largely driven by limited housing inventory and sustained buyer demand.

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Michigan’s economy in 2025 stands at a crossroads. Following a year of economic turbulence and slow growth, the state faces both opportunities and obstacles that demand deliberate, strategic action. While projections point to steady growth this year, a closer look reveals significant challenges in employment, housing, and population retention. At the same time, legislative reforms hold the potential to unlock the state’s untapped potential, setting a foundation for future prosperity.

Economic Growth: A Mixed Outlook

In 2024, Michigan’s economy grew at a slower pace compared to the national average, with real gross domestic product (GDP) expanding by 2.2%. This fell short of the 2.7% growth seen across the country, underscoring the state’s…

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