Oakland County, MI Real Estate News

Has COVID-19 Made Homebuyers More Eager to Buy?  The coronavirus pandemic doesn’t seem to be scaring off U.S. home buyers.  According to a recent survey done by LendingTree, more than half (53%) of 1006 prospective homebuyers surveyed said they were more likely to buy a home within the next 12 mo... 06/11/2020

The Benefits of a Virtual House Tour When Selling Your Farmington Hills MI Home – Most traditional open houses are on hold, and in-person home showings are limited, as people practice social distancing to help stop the spread of COVID-19.The pandemic has accelerated the demand for remote accessib... 06/02/2020

Before the pandemic hit this year, we were heading toward a busy spring season with strong economic indicators and buyers vying for a limited supply of homes. But with the pandemic sweeping across the country, we are now forced to reassess the year ahead.According to realtor.com’s Chief Economist... 05/15/2020

To say the economic news coming out lately has been disconcerting would be an understatement. Statistics concerning job losses, furloughs, and unemployment figures have pointed to upheaval in the global economy as a result of social distancing measures, which were put in place by governments to c... 05/13/2020

The coronavirus is completely changing the real estate industry, and stay-at-home orders have presented unique challenges for buyers. Not only are they unable to tour properties in person, but, in some areas, they also can’t walk around the neighborhood and get a feel for whether it’s the kind of... 05/10/2020

First-time Homebuyers: Can I Still Buy a House in Oakland County MI During Covid-19? – If you are a first-time homebuyer and were in the market to buy a home in Oakland County prior to the COVID-19 crisis, the situation has more than likely affected your original gameplan.It’s one thing to have n... 05/08/2020

With the COVID-19 pandemic causing uncertainty in the economy and housing market, some Farmington Hills home sellers are asking themselves: “should I sell my home right now or should I wait?”  Some sellers are choosing to wait it out in hopes that the situation will improve in the coming months.N... 04/29/2020

Fannie Mae & Freddie Mac are extending help to millions of homeowners facing financial hardships as a result of COVID-19. Both Fannie Mae and Freddie Mac help stabilize mortgage markets and protect housing during extraordinary periods when stress or turmoil in the broader financial system threate... 04/22/2020

The COVID-19 pandemic has brought much of the country to a screeching halt. But, just because people are stuck at home doesn’t mean your home sale has to come to a screeching halt, too. You can sell your home in the midst of this challenging time—as long as you’re safe.Now more than ever, it’s im... 04/20/2020

Moving Safely During The Coronavirus Outbreak  – Moving can be stressful during the best of times, but when you add a global pandemic to the mix, the task can be even more of a challenge. While social distancing is the course of action to take until told otherwise, moves aren’t always something t... 04/14/2020

The global COVID-19 pandemic has affected life across the globe. Strict social distancing measures, school closures, and, in many locales, a ban on all non-essential businesses have turned people’s lives upside down and thrust us into a surreal existence where we’re spending nearly all of our tim... 04/11/2020

Now more than ever, it’s important for home sellers to be flexible with shifting market dynamics. While some sellers are deciding to pull their homes off the market during the COVID-19 crisis and try to sell at a later date, that may not be an option for everyone.If you are planning to move forwa... 04/07/2020

A recent article from realtor.com outlined key strategies for keeping your home germ-free during the coronavirus pandemic, including: Kill germs before they enter your home. Leave cleaning supplies at your front door and disinfect everything before you bring it into the house. Immediately remove ... 04/05/2020

The coronavirus pandemic is causing uncertainty across the nation—and for many, that includes financial uncertainty.Luckily, there are options for homeowners impacted by the coronavirus. In a recent statement, Mark Calabria, Director of the Federal Housing Finance Agency (which regulates Fannie M... 03/31/2020

It’s a difficult time for everybody, especially those whose health has been affected by the pandemic. It’s difficult for the brave healthcare workers putting their lives at risk trying to heal the sick, and it’s difficult for the men and women spending their days and nights keeping people fed, ke... 03/27/2020

We’ve all become a lot more sensitive to germs and being cautious about what we touch—even in our own homes. Try as you may, it can often feel impossible to keep your home clean and germ-free for long. If you’re someone who flinches at the very thought of bacteria-laden surfaces inhabiting your a... 03/24/2020

How is The Coronavirus Shaking Up the Housing Market?  – Mortgage rates have plummeted since the beginning of the year as a result of market movements in response to the coronavirus. In the most drastic actions since the 2008 financial crisis, the Federal Reserve, a.k.a. the Fed, cut its benchmar... 03/20/2020

As you can imagine, a lot of people looking to buy a new home in the Oakland County Michigan area have brought up putting their search on hold until the Coronovirus has passed, or is at least under control.For some people that’s totally fine to do. If they have no absolute need to buy a house, an... 03/18/2020

Buying a Home in Novi MI with Little or No Money Down in 2020 – For many first-time homebuyers, coming up with the down payment can be one of the biggest hurdles to buying a home in Novi MI. Even in a modest market, a traditional 20% down payment can easily amount to tens of thousands of dollars.... 03/13/2020

This week the median list price for Farmington Hills, MI is $334,900 with the market action index hovering around 46. This is an increase over last month's market action index of 42. Inventory has held steady at or around 93.Market Action Index This answers “How’s the Market?” by comparing rate o... 03/10/2020