Real Estate Trends
Real Estate Trends
Home prices have risen nationally three times faster than incomes since the turn of the century making homeownership more of a challenge than years past.
In many large cities, home prices have outpaced income. In Miami, for example, incomes have risen 16 percent, while home prices have increased 58 percent since early 1998. New York's Long Island suburbs have seen just a 14 percent rise in incomes as compared to an 81 percent increase in home prices. Boston home prices have gone up 89 percent, while incomes have increased only 22 percent.
Even with a downturn in the real estate market looming on the horizon, home sales are still headed for another record year.
Record …
In today's competitive market, you need a passionate, local advisor that can help you navigate the home buying and selling process. As a valued client, you'll receive:
• Local market knowledge
• Access to industry-leading real estate tools to determine your homes value or customize your home search
• A proven negotiator who will be with you every step of the way
• A trusted and knowledgeable partner through closing and beyond
Recent Sales
$357,500
3
2.1
Wixom, MI
beds
baths
$182,000
2
2
Waterford Township, MI
beds
baths
$425,000
3
2.1
West Bloomfield, MI
beds
baths
$235,000
3
2.1
Mayfield Township, MI
beds
baths
