Recession optimism

Recession Possible-Home Shoppers, Real Estate Experts Are Optimistic

Thomas Gilliam Blog , Farmington Hills , recession , Uncategorized Leave a Comment

Most experts predict that following a seven-year period of economic growth the US economy is headed towards a recession (most likely sometime in 2020). But while The Great Recession devastated the housing market, house shoppers remain optimistic about how the market will handle a potential recession in the coming years. Expect A Recession But Remain Optimistic According to a recent survey from Realtor.com, nearly 70 percent of home shoppers said they expect a recession to hit the US economy sometime in the next three years (by 2022). But despite the fact that most believe a downturn is looming, many remain …

Farmington Hills Michigan Fall Real Estate Market

Farmington Hills Michigan Fall Real Estate Market

Seasonal Changes Fall historically is an active time of year in the Farmington Hills Michigan Fall Real Estate Market. Home buyers look to finalize their home purchase prior to the winter months, the busy holidays, and end of year (for tax benefits). Mortgage rates are also at historic lows, making home purchases more affordable. This fall, some areas are faced with a shortage of inventory. This can be due to fewer foreclosures listed for sale, sellers waiting for values to increase, or owners incorrectly thinking that real estate is not selling. Whatever the cause, it is leading to less inventory …