Michigan Real Estate News

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Eviction Ban Reversal Upsets Lobbyists

Housing lobbyists are upset about President Biden’s decision to revive the eviction ban. The President’s unexpected move to reinstate the federal eviction moratorium is a political loss for the National Association of Realtors and its industry allies who say they were excluded from discussions on the ban with the White House. Despite millions of dollars in contributions, industry trade groups felt the sting of betrayal from progressive lawmakers. The eviction ban fight is making its way through the courts.

 

Musicians Learn to Transpose Their Skills

Across Metro Detroit, many musicians have migrated from the stage to the realty office. They’ve found that real estate requires a lot of people skills, collaboration, being OK with a constantly changing schedule and multi-tasking, not unlike the moxie it takes to play with a band. They also love the flexibility that being a real estate agent allows. Being a musician is far from a 9 to 5 job. It requires long hours, time on the road, and resourcefulness, similar to what it takes to be a successful realtor.

Pandemic Affects Real Estate Trends in 2021

The pandemic continued its influence over real estate trends in 2021. The construction costs soared due to supply chain interruptions and work shortages. Consumers shifted their shopping habits to online and demonstrated less tolerance for retail service disruptions. The discussion of how to increase open public spaces moved to the forefront. City residents migrated to the suburbs because of the opportunity to work from home. Affordable housing became scarce. Rents increased and home inventories plummeted. Industrial and distribution properties continue to look like promising investments, along with single-family rental homes.