Birmingham Market Overview ~ May 2022
Check out what homes sold recently in the local Birmingham, Michigan real estate market in this local overview of April 2022 residential home/condo sales.
Spring is officially here, and the trifecta of fast-rising housing prices, increasing mortgage rates, and record-low inventory of homes for sale is likely to present a challenging spring real estate market for those looking to purchase a new home.
Across the country, consumers are feeling the bite of inflation and surging mortgage interest rates. Monthly payments have increased significantly compared to this time last year, and as housing affordability declines, an increasing number of would-be homebuyers are turning to the rental market, only to face similar challenges as rental prices skyrocket and vacancy rates remain at near-record low.
For more information on listing your home (or buying) in the current market, rely on Amy and Tiffany to navigate your real estate sales and purchases from “luxury estates to leases”! We have the experience to assist you at any price point. Be assured you are making the best choices when buying and selling with us. Give Amy Zimmer & Tiffany Glime at The Agency Hall & Hunter a call to start your home buying or selling today and move with confidence!
📱 Amy 248.469.6430
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