Month: June 2021

SE Michigan News

Mid-Year Market Update


As we approach the halfway point of the year, we take a look at the impact that loosening of Covid restrictions and vaccines being widely available is having on the real estate market.   We also discuss inflation and the Fed’s recent announcement of hold steading on interest rates until 2023 and what that means for buyers and whether to expect more listings coming on the market in the second half of the year. 

 

 

 

 

 

 

 

 

Listen to “Mid-Year Market Update” on Spreaker.

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SE Michigan News

What’s Happening in New Construction


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The shortage of lumber and micro chips along with a shortage in skilled trades means there is plenty to talk about when it comes to the new construction segment of the residential real estate market.  In our discussion with the CEO of the SE Michigan Homebuilders Association, we discuss what is behind the shortage of materials that has driven the cost of lumber up which has home prices up over $12,000-$24,000 on an average home.   Beyond lumber there are other materials in short supply and all this is impacting the number of homes being built and permits being pulled for new homes.   We also talk about what the timeline looks like today for a new construction home to be built and what the future holds for new construction. 

 

 

 

 

 

 

 

Listen to “What’s Happening in New Construction” on Spreaker.

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SE Michigan News

Radon, Mold, Flood Zones and More


We discuss some of the less common but important that buyers should be aware of before buying a home.   Radon is a radioactive gas that can enter a home through foundation cracks drains, sump pumps and since it is odorless you don’t know if it is present unless you test for it.  If detected, it can be remediated but you want to address this before you move in and live in your home We also discuss what you need to know about mold, easements and FEMA flood zones so that you can request any additional tests or information you need  before buying your home. 

 

 

 

 

 

 

 

Listen to “Radon, Mold, Flood Zones and More” on Spreaker.

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