Weekly Brief – May 17, 2021

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The scorching hot residential market is once again the prevailing topic of the mainstream press. And reports of MLS sales confirm that the market remains scorching hot. There has been an onslaught of news about the market since April 1:

West Michigan Real Estate Boom Predicted to Continue

Michigan Realtors Shocked & Awed By Housing Market

Metro Detroit’s Real Estate Market Surges Until Fall

Residential Properties Fly Off The Market

The scorching market is forcing buyers to get creative. And the hot market is dampening the home buying dreams of millennials.

The rising prices are being independently confirmed nationwide by price index increases.

The bottom line is that the housing market in 2021 is unlike any we have seen before. Hold on for a wild summer.