Why are home prices still rising? It is a simple answer. There are more purchasers in the market right now than there are available homes for them to buy. This is an example of the theory of “supply and demand” which is defined as:

“the amount of a commodity, product, or service available and the desire of buyers for it, considered as factors regulating its price.”

When demand exceeds supply, prices go up. This is currently happening in the residential real estate market.

Here are the numbers for supply and demand as compared to last year for the last three months (March numbers are not yet available):

House Prices: Simply a Matter of Supply & Demand | MyKCM

In each of the last three months, demand (buyer traffic) has increased as compared to last year while supply (number of available listings) has decreased. If this situation persists, home values will continue to increase.

Winter is a Great time to List your Home

Homes Currently for Sale at Lost Lake Woods Club

  Visit our site often to view the latest homes for sale at Lost Lake Woods Club.  The Pearson Group Listings are featured with a link to more photos and details of each listing.  There is a link at the very bottom of the article to all other broker listings available at Lost Lake Woods Club.  Click "read more" and share with friends and family who want to latest news about what's currently for sale.

Merry Christmas from Clarkston Michigan

Yes, buying a home can be intimidating or maybe downright scary!  Allow us to help maneuaver you through the maze towards home ownership.

While residents of Florida are most concerned about being prepared, safe, and possibly evacuating their homes, Our Florida Board of Realtors is already sending out several articles of advice for the many homeowners who's homes may be damaged by Hurricane Irma

Lost Lake Woods Club Real Estate Update August 2017

This "Recasting a Mortgage" is a great option for those buyers who are concerned about selling their current home not knowing if they can secure the next one.  Recasting is offered by our in-house Mortgage Company and our Mortgage Team will be happy to discuss the best financial options available. 

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