What are the hottest real estate markets in Michigan?
- Rockford. With a population of 6,310, the city of Rockford experienced a 13.9% year-over-year growth rate.
- Auburn Hills.
- East Grand Rapids.
Will there be a drop in house prices in 2022?
It said house prices will have risen 6 per cent by the end of 2022 but that they will fall 5 per cent in 2023 and a further 5 per cent in 2024 as a result of the sudden spike in mortgage rates caused by the government’s fiscal plans.
Is Michigan a buyers or sellers market?
Is it a buyer’s or seller’s market in Michigan? It is currently a seller’s market in Michigan. Demand is high, causing properties to be sold quickly and for above-average prices.