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Real Estate Update | April 2020

Posted by Matthew Hillier on April 16, 2020 in  Real Estate Update
Though spring real estate markets across the country are not acting in a typical manner, our real estate professionals at CBWM Family of Companies have been safely doing their part to keep the industry going. Home prices in our area are not expected to drop because of the on-going housing shortage as well as to homes being withdrawn from the market during these times. That said, listings held back from the market today will be pushed into the summer months, resulting in more competition as pent-up demand gradually ... read more
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Real Estate Update | February 2020

Posted by Matthew Hillier on March 06, 2020 in  Real Estate Update
The winter months are rarely popular for Michigan’s real estate market, and with the recent snow, ice, and rain making its impact, the start of the 2020 housing market is off to a cold start. However, that doesn’t mean all real estate activity is slowing down and Michiganders should expect an uptick in activity in just a few short months.We will begin by looking at Lansing’s tri-county region (Clinton, Eaton, Ingham) starting with Clinton County, you’ll notice that the inventory, new pending... read more
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Real Estate Update | January 2020

Posted by Matthew Hillier on January 16, 2020 in  Real Estate Update
The 2020 housing market looks to remain positive as strong economic growth and low mortgage rates contribute to upward movement, while rising demand and short supply will increase competition. Let’s take a closer look at the local real estate market here in the great state of Michigan.The average sales price of homes in mid-Michigan’s Greater Lansing area has risen 7.4% from $168,053 to $180,537 in December 2019. As of last month, the number of available homes for sale is in the Greater Lansing market c... read more
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Real Estate Update | December 2019

Posted by Matthew Hillier on January 08, 2020 in  Real Estate Update
With the New Year just around the corner, the winter housing market around Michigan is showing signs of slowing, which is providing a much-needed break for potential buyers who have been waiting to jump into the market. Due to a strong economy and low unemployment, the seasonal housing dip is more about a rebalancing act of the market than a sign of a downturn. So, let's take a closer look! In Greater Lansing, the housing market looks positive as we head into 2020. Strong economic growth and low mortgage rates cont... read more
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Real Estate Update | November 2019

Posted by Matthew Hillier on November 19, 2019 in  Real Estate Update
Michigan’s cold weather is in full effect, which officially signifies that our housing market will be entering its slower season — though many remain optimistic as sales volume has remained up since September.Looking at Mid-Michigan’s Capitol region, the median sold price has decreased 7% compared to September 2019 when it was $169,950, while last month’s was $157,750. In comparison to October 2018, this year’s median sold price is up 5%. The city with the highest median sold price in ... read more
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