2023 was a roller coaster of a year for residential real estate.To give some context, let’s look at 2008, the height of what is now known as The Great Recession. In 2008, home prices dropped by a negative 12.7%. In stark contrast home prices increased an average of 13% in 2023.

 

    The problem is that new home building has dropped and we are down across the country by about 5 MM homes. This was starting to become a problem even before the Covid pandemic but the supply chain problems and diffic...

Hello,

This is an urgent message for anyone in the Traverse City, MI area who is renting a house or an Apartment.Did you know that the average net worth of a home-owner is $254,900 yet the average net worth of a renter is only $6,270?! 64% of Americans own their home in 2023 and 36% of Americans are renters paying off somebody else’s mortgage.Did you know that, on average across America, the average home increases in value by 3% every year?I know that it really bothers most renters when they pay...