Northville
Real Estate
Metro Detroit Housing Market’s Deep Freeze Begins to Thaw
The local housing market’s deep freeze is beginning to thaw, according to the April RE/MAX of Southeastern Michigan Housing Report. Metro Detroit home sales in April were up year-over-year for […] The post Metro Detroit Housing Market’s Deep Freeze Begins to Thaw appeared first on DBusiness Magazine.
All-cash home sales in Detroit top national average
Data: Redfin; Note: Includes home purchases with no mortgage loan information on the deed. National data calculated from 40 of the most populous U.S. metro areas; Chart: Axios VisualsMore than 40% of Metro Detroit homes bought in February were all-cash purchases, according to Redfin.That's up 3 percentage points from last year.Why it matters: Rich people can adapt to this pricey market more easily than typical buyers needing a loan.What they're saying: Those winning in this economy treat homes like savings accounts, Redfin chief economist Daryl Fairweather says. It's a relatively safe place to store your cash, and you can always borrow against the home if you need to tap into it.Lack of affordability has pushed would-be first-time buyers to the sidelines.
David Giltner Joins Dominion Real Estate as Senior VP of Brokerage, Advisory Services
David Giltner has joined Dominion Real Estate Advisors, a full service commercial real estate firm in Bingham Farms, as senior vice president for brokerage and advisory services. Giltner brings 30 […] The post David Giltner Joins Dominion Real Estate as Senior VP of Brokerage, Advisory Services appeared first on DBusiness Magazine.
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