oakland county home buyers for sale

Good News For Oakland County Home Buyers: Home Inventory Increasing

Thomas Gilliam Blog , home buyers , Oakland County Leave a Comment

What a start to the beginning of the home buying and home selling season in Oakland County, Michigan, all being great news for home values and home sellers currently listing their homes, most homes across the Oakland County, Michigan are up 7% and even more since March of 2017.  According to the most recent Home Price Index Report from CoreLogic, home prices nationwide increased by 7% from March 2017 to March 2018. According to an April 2017 article from the National Association of Realtors, the median home price in March 2017 was $236,400. This means the average homeowner has gained nearly $17,000 in wealth from …

Oakland County Quick Home Buying Decision Time Sign

Oakland County Quick Home Buying Decision Time

Thomas Gilliam Blog , home buyers , Oakland County Michigan , quick home decision Leave a Comment

Most homebuyers in Oakland County Michigan and across the country are not usually open to make a quick home buying decision and view it as a recipe for disaster or a bad decision. In fact Oakland County homebuyers love to look at the many options, different layouts and areas in which to purchase a new home. To make a quick home buying decision many buyers feel pushed into a corner or feel their Realtor is pressuring them to make rash decisions, but in Oakland County Michigan this is not the case at all. Home buyers know that homes are moving …

Buyer Competition Heats Up Nieghborhood

Buyer Competition Heats Up This Spring

Thomas Gilliam Blog , competition , home buying , inventory , spring 2018 buyers Leave a Comment

From all accounts, this spring’s 2018 housing market is going to be a busy one. High buyer demand has carried over from last year and so have inventory concerns in many markets. In other words, anyone hoping to find and buy a house this spring should be prepared for buyer competition from other interested buyers. What does that mean? Well, in short, it means moving quickly and saving up some extra money to sweeten the pot, if necessary. In fact, according to a recent survey, home buyers say they are checking online listings every day and 40 percent say they’re …

New Homes On The Way In Oakland County underway

New Homes On The Way In Oakland County

Thomas Gilliam Blog , new construction , new homes , Oakland County Leave a Comment

It is clear in Oakland County, Michigan inventory is scarce and the need for new homes could be the cure. We have seen the inventory of homes for sale in Oakland County, Michigan drop 28.7 percent from 5,575 on the market to 3,976 in the last few months. The numbers show that inventories are fading, but prices are increasing with many areas are now above their pre “Great Recession” (2007) prices, but the issue still is inventory for many home buyers and with home sellers wondering if they will find something to purchase. New Homes Underway On the brighter side, …

Income Has Risen But Will It Lead To Home Sales?

Income Has Risen But Will It Lead To Home Sales?

Thomas Gilliam Blog , buyer market , income increase , seller market , tax plan Leave a Comment

In this early spring market across the county especially here in Oakland County Michigan inventory seems to be a major issue in home sales and in the housing market in general. It seems that with the new tax law will add more income to home buyers and sellers, but as of yet shown in the housing market. It seems there is still uncertainty with home buyers and home sellers along with rising interest rates that is plaguing or areas and others. As a Realtor for the last 17 years I really haven’t experienced anything quite like what is going on …

expand the search suburbs

Buyers Expand The Search For Affordable Homes

Thomas Gilliam Blog , home buyers , house hunting , inventory , oakland county , suburbs Leave a Comment

Frustration for today’s home buyers could not be more higher with home prices increasing and record low inventory to choose from in all of Oakland County and the metro Detroit area as a whole. The number of buyers that have expanded their search to find affordable homes outside the normal suburbs have increased substantially in the new quarter of 2018. Although the average buyer would find a new home close to work and family, this has become daunting and unattainable for many. Home buyers have had to expand the search for affordable homes to the suburbs and beyond in attempts …

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 …