Community News

June 10, 2018

Michigan Outpaces the National Average for Property Value Growth

Nationwide, home prices increased 6.9% year over year comparing April 2017 to April 2018, according to the most recent CoreLogic report. This includes a substantial jump of 1.2% from March 2018 to April 2018. Although nationally the growth rate was 6.9%, various geographic areas demonstrated vastly different ...

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June 3, 2018

Breaking: Birmingham Reduces Property Taxes

At the May 24 meeting last month, the city commission voted for a property tax deduction for the 2018-2019. The budget appropriations resolution was approved, adopting the city of Birmingham’s budget and establishing the total number of mills for ad valorem property taxes for the fiscal year beginning July 1 ...

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March 19, 2018

Troy Michigan Residential Real Estate Market Report for March 2018

If you have been considering selling your home in Troy, residential real estate statistics are indicating that now is the right time. Over the past year, the median home value increase was $11,000 in the state of Michigan. In the City of Troy specifically, the median property value growth ...

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March 15, 2018

How do Oakland County Residential Real Estate Market Statistics Compare to National Numbers?

Nationally home prices grew 6.2% in 2017, which is the largest annual growth since 2013. Not only does this equate to $15,000 equity bump for 2017, but it also suggests that the economy will experience an extra $50B in consumption over the next few years. Of course, this ...

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March 14, 2018

Birmingham Michigan Market Report For March 2018

Over the past year, from February 2017 through February 2018, the city of Birmingham experienced a massive drop in new listings. With just 854 new listings in annualized in February 2018, compared to 1137 one year prior, the city now has approximately 25% fewer new listings actively coming to the ...

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March 13, 2018

Old Woodward Construction to begin in Downtown Birmingham on March 26

The city of Birmingham will begin the $7 million construction project on Old Woodward on March 26. The project’s scope includes replacing sewers, water mains, roadways, traffic lights, and design elements such as planters, trees, and benches. The construction is centered on intersection of Maple Road and Old Woodward, the ...

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Feb. 24, 2018

Architectural Tour of Heritage Hill Neighborhood in Grand Rapids

I spent the chilly morning today exploring the neighborhood of Heritage Hill in Grand Rapids. This gorgeous neighborhood is one of the largest urban historic districts in the country and boasts numerous 19th century homes still standing today. A unique feature of the area is that there are so many ...

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