Oakland Counties Low Inventory house

Oakland Counties Low Inventory-Sellers Getting Top Dollar

Thomas Gilliam Blog , Farmington Hills , inventories , low inventory , Oakland County Leave a Comment

In this housing market today and Oakland Counties low inventory in places such as Farmington Hills, Novi, Northville, South Lyon to name a few home buyers are having a difficult time finding the perfect home.Usually the housing market corrects itself with supply and demand, but the prediction for 2018 is more of the same-Low Housing Inventory. Home Buyers in Oakland County Michigan shouldn’t wait or ponder on a decision once they find the perfect home with Oakland Counties low inventory and the prediction to continue for 2018. One of the biggest challenges facing buyers in today’s market is finding a home. …

think about selling flag house

Think About Selling-Americans Believe Time to Buy

Thomas Gilliam Blog , Home Buying and Selling , low inventory , selling , The American Dream Leave a Comment

Think about Selling?-According to the National Associations of Realtors Homeownership and Market Experience (HOME) Survey, most Americans believe that now is the perfect time to become a homeowner. According to the survey, 72% of people believe now is a good time to buy. This could be because of the changing economic situation. 52% of Americans surveyed believe the US economy is improving, and according to a recent Neighborworks survey, 81% of Americans believe owning a home will make them more financially stable. It could also be because homeownership is still such a deeply ingrained part of the American culture. According …

Low Inventory no listings

Low Inventory Means Selling Time

Thomas Gilliam Blog , buying a home , home selling , housing inventory , low inventory Leave a Comment

According to Realtor.com’s recent Housing Shortage Report, the US is experiencing the worst low inventory shortage in two decades. And while this presents a definite challenge for people looking to buy a home, it creates the perfect storm of opportunity for those wanting to sell. According to Realtor.com’s research, the housing shortage can be attributed to the baby boomer generation being unwilling to sell in the current market. In fact: 72% of existing homeowners over the age of 55 feel their current home fits their needs 85% of those baby boomers don’t plan to sell their home in the next 12 …

Farmington Hills Housing Inventory: The Lack Of

Farmington Hills Housing Inventory: The Lack Of

Thomas Gilliam Blog , Farmington Hills , home inventory , low inventory Leave a Comment

As a Realtor for 17 years there I personally have never experienced a time like this for Farmington Hills housing inventory and the lack of it. The last time I checked the statistics there were less than 2 months’ worth of inventory currently in the Farmington Hills housing inventory which play into itself and effects more homes to become listings and available on the market for home buyers. It would seem that the very low Farmington Hills housing inventory prevents current home owners to get their homes on the market as they may find themselves in a situation as most …