Residential real estate market information for Metro Detroit's Northern Suburbs brought to you by Realtors Maureen Francis and Dmitry Koublitsky of SKBK Sotheby's International Realty. Monthly market statistics for home owners in Oakland County. MLS listings available on our web site: Oakland-County-Homes.com.

Sunday, June 26, 2005

The market this month

We've just created new market condition reports for Realtor.com. One of the surprising trends that we have witnessed over the last month or so is renewed activity in the rental home market. Chrysler is bringing 60-80 employees over the next month, and is putting them in rental properties. Some sellers who haven't found the right buyer for their home are happy to have a long term tenant with a solid lease. We've also seen interest in short term rentals as local homeowners are undertaking major renovations on their own homes, and elect to move out during the construction. With interest rates still low, this trend is not what we expected.

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    Copyright 2005-2006 Maureen Francis. All rights reserved.
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