Grand Rapids Area Real Estate Report with Steve Volkers

Grand Rapids Area Real Estate Report w/ Steve Volkers - August 2023

16 min · 10 aug 2023
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Beschrijving

Are you waiting for interest rates to drop before making a move in the real estate market? The August market data report from Steve has some eye-opening insights. Discover if that waiting game could actually be costing you money in the long run. Plus, dive into the impact of the ongoing inventory shortage on prices and the potential benefits of renting out your current home. Don't miss out on these valuable tips and trends! Watch the video on YouTube [https://youtu.be/eQ1ZwCLnfpY?si=o6j0vwq8CGtyUUd2] Get the data book [https://www.stevevolkersgroup.com/market-data.php]

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aflevering Grand Rapids Area Real Estate Report w/ Steve Volkers - July 2023 artwork

Grand Rapids Area Real Estate Report w/ Steve Volkers - July 2023

In his latest video, Steve shares insights on the current state of the real estate market. Are we seeing the beginning of the "new normal"? While prices remain stable, sales and transactions have decreased by 17-20% compared to previous years. He looks at who’s currently moving… first-time homebuyers, first-time sellers, and second-time buyers.  There is a high demand for homes priced between $250,000 and $350,000, but there is a scarcity of available properties, causing buyer fatigue and a growing interest in renting. Sellers looking to upgrade face challenges due to limited inventory and rising prices in areas like Rockford and Forest Hills. Without an increase in available properties, the market may continue to experience declining sales and a rise in rental market activity.  Watch the video on YouTube [https://youtu.be/H_n-5l5TcDs?si=O9edZaMTL0sKcqVO] Get the data book [https://www.stevevolkersgroup.com/market-data.php]

13 jul 202318 min