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Derek Oglesby, CFA, MBA  |  313-300-3115  |  derek@derekoglesby.com  |  derekoglesby.com

MARCH 2020


Current Mortgage Rates:

2/27/2020
(30yr Fixed, Mortgage News Daily)
3.29%
 0.18%
1 Month Change
 1.16%
1 Year Change

Days on market higher into winter for Oakland Co.

The median number of days on the market for Oakland County homes jumped to 48 days, higher than one year ago at 39 days. Source: Realcomp II Ltd.
Days on Market, Local Areas 
Median Days on Market for selected areas around Metro Detroit from March 2019 to February 2020. Source: Realcomp II Ltd.
Median Sales Price, Local Areas
Median Sales Price for selected areas around Metro Detroit from March 2019 to February 2020. Source: Realcomp II Ltd.
Price per Square Feet, Local Areas
Median Listing Price per Square Feet for selected areas around Metro Detroit from March 2019 to February 2020. Source: Realcomp II Ltd.
Here is a list of my Top 5 home selling tips that won't cost you a thing! Enjoy...
Recent Housing News
Mortgage rates fall to three-year low amid coronavirus fears
Mortgage rates usually follow the direction of the 10-year Treasury note’s yield, which dropped to the lowest level ever recorded as more cases of COVID-19 emerged outside China..


The biggest gains in Metro Detroit homes values came from inner-ring suburbs
Home values are on the rise this year across Metro Detroit, with the biggest gains seen in many inner-ring suburbs hit hardest by the 2008 recession such as Harper Woods, Center Line and Ecorse..



Metro Detroit homeowners blindsided by unexpected property taxes
While property taxes have been uncapped and reassessed since the 90s, officials say the size of the tax increase now is bigger than ever before...


The Verdict on Detroit—Is it a Good or Bad Market for Investing?

Metro Detroit is in a fairly legendary place in terms of its housing market. Tens of thousands of empty houses sit decomposing in some areas, while other areas are blossoming...


 

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Thinking About Selling Your Home?
"As your local real estate expert, I am more than familiar with the current market conditions, home sales and real estate opportunities. If you, or someone you know, is considering buying, selling or relocating, I'm ready to help! You deserve a neighborhood Realtor who will always have your best interest in mind."
 
Derek Oglesby, CFA, MBA  |  313-300-3115 call/text  |  www.derekoglesby.com
Real Living Metro Real Estate, 1362 West Huron Rd., Waterford, MI 48328

 

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