With more than three decades guiding clients and fellow professionals through the complexities of real estate, I’ve seen firsthand how shifts in the market can shape both opportunity and uncertainty. Recently, there are clear indicators that housing affordability is emerging as a defining issue—especially with midterm elections on the horizon. We’re observing new home prices declining, while existing home prices remain elevated—largely a result of homeowners locked into lower mortgage rates from previous years. Rising interest rates are making homeownership less attainable for many, signaling a market correction rather than a dramatic downturn. For those navigating Michigan’s evolving landscape or watching broader national trends, understanding these subtle shifts is essential to making informed decisions. Staying attuned to these changes is part of my commitment to providing exceptional service and insight, whether you’re buying, selling, or investing.
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