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What’s Happening in Your Local Housing Market?

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Key Takeaways:

  • Today’s market conditions are unique, and there are plenty of ways to win
  • Let’s explore the steps you can take to pave your path to homeownership
  • Our team is ready to help you achieve your goals, so contact us today!

Amid high inflation, increasing mortgage rates, and limited housing inventory, the headlines make it seem like there’s no good news in the real estate market. But when you listen closely to expert economists and look at your local market, you’ll learn that there’s plenty of opportunity. Let’s take a closer look to understand the complete picture of what’s really going on in the housing market.

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322 E. Liberty #2, Downtown Ann Arbor Condo at Loft 322

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322 E. Liberty Condo Building in Downtown Ann Arbor at Lot 322

New Listing! Enjoy everything downtown Ann Arbor has to offer from this stylish condo at Loft 322. 322 E. Liberty features:

  • 995 square feet of living space with 2 bedrooms and 2 full baths.
  • The private terrace faces north and has fantastic views of E. Liberty St.
  • True loft feel with stained concrete floors, high ceilings with exposed duct work, and brick walls.
  • The building offers an updated exercise room, secure entry, elevator, storage lockers, and a heated secure garage with a deeded parking space.
  • Walk to restaurants, shops, entertainment, the University of Michigan, art fair, festivals, and more!
  • More photos and features
  • Listed for $535,000

To request more information or a private showing for 322 E. Liberty #2, contact the Ann Arbor Real Estate specialists with The Bouma Group today at 734-761-3060 or info@bouma.com. View photos and amenities for the Loft 322 condo building here!

Top 5 Tips for Home Buying in Today’s Market

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Key Takeaways:

  • There are plenty of strategies to successfully buy in today’s market.
  • Lean in on the expertise of your local real estate—we’ve seen it all!
  • Our team is ready to help you achieve your goals, so contact us today.

Whether you’re shopping for your first home or relocating to a new area, purchasing a home in today’s real estate market can be daunting. However, the good news is that today’s housing market can actually be helpful if you’re a prospective home buyer who knows how to play the game well. When it comes to making a winning offer on your dream home, you must know certain particulars of the home buying process to be successful.

So, let’s look at the top five home buying tips that will help to play the real estate game more effectively and pave your path to home ownership.

1. Determine and know your budget

Woman looking over finances to buy a home

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3 Graphs Showing Why Today’s Housing Market Isn’t Like 2008

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Is it a Shift or a Bubble?

3 Graphs Showing Why Today’s Housing Market Isn’t Like 2008 | MyKCM

With all the headlines and talk in the media about the shift in the housing market, you might be thinking this is a housing bubble. It’s only natural for those thoughts to creep in that make you think it could be a repeat of what took place in 2008. But the good news is, there’s concrete data to show why today’s housing market is nothing like it was then.

There’s Still a Shortage of Homes on the Market Today, Not a Surplus

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5628 Overbrook Drive, Ann Arbor Home in Tanglewood Subdivision

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5628 Overbook Drive, Ann Arbor MI 48105

New Listing! Great northside Ann Arbor location in the desirable Tanglewood Subdivision for this spacious contemporary style home. 5628 Overbrook Drive offers:

  • 2,223 square feet, with an additional 374 of finished space in the lower level, 3 bedrooms, and 3.1 baths.
  • Situated on a beautifully landscaped .87 acre lot.
  • Soaring vaulted great room has a wall of windows and shares a double-sided fireplace with the large kitchen.
  • Primary suite features a vaulted ceiling, walk-in closet, and ensuite bath, and opens to a private balcony viewing the yard.
  • More photos and features
  • Listed for $624,900

To request your private showing for 5628 Overbrook Drive, contact the Ann Arbor Real Estate specialists with The Bouma Group at 734-761-3060 or info@bouma.com. View photos and amenities for the Tanglewood Subdivision here

111 N. Ashley St. #809, Downtown Ann Arbor Condo at Ashley Terrace

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111 N. Ashley #809

New Listing! Spectacular views of downtown Ann Arbor from this architect-designed corner unit condo at Ashley Terrace. 111 N. Ashley #809 features:

  • 1078 square feet of living space with 2 bedrooms and 2 full baths.
  • Open floor plan showcases the incredible views from the multiple windows in the living and dining rooms and kitchen.
  • Woodmode built-ins in the living room and guest room, plus beautiful oak hardwood flooring throughout most of the unit.
  • Heated garage parking with additional storage.
  • More photos and features
  • Listed for $640,000

For a private showing for 111 N. Ashley #809 or more information, contact the Ann Arbor Condo specialists with The Bouma Group at 734-761-3060 or info@bouma.com. View photos and amenities for the Ashley Terrace condo building here!

1575 Long Meadow Trail, Ann Arbor Condo at Weatherstone

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1575 Long Meadow Trail, Ann Arbor MI 48108

Just Listed! Move right into this second-level Weatherstone Condo with serene views of the pond. 1575 Long Meadow Trail offers:

  • 1212 square feet of living space with 2 bedrooms and 2 full baths.
  • Neutral decor throughout.
  • Flex space can easily be used as a home office, formal dining room, or guest quarters.
  • Large primary suite has a private full bath and double closets.
  • More photos and features
  • Listed for $249,900

To request a private showing for 1575 Long Meadow Trail or more information, contact the Ann Arbor Condo specialists with The Bouma Group, Realtors today at 734-761-3060 or info@bouma.com. View photos and amenities for the Weatherstone Condo community here!

564 Kellogg St. #A, Ann Arbor MI Condo for Sale at The Crossings

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564 Kellogg St. #A, Ann Arbor MI 48105

Just Listed! Move right into this townhouse-style condo with a terrific location close to the University of Michigan medical complex, downtown Ann Arbor, and the Argo Park Livery. 564 Kellogg St. #A offers:

  • 800 square feet of living space with 2 bedrooms and 1 full bath.
  • New carpet and paint throughout.
  • Hardwood flooring on the first level.
  • Includes carport and plenty of guest parking.
  • In-unit laundry with stackable washer and dryer.
  • New furnace and water heater.
  • More photos and features
  • Listed for $250,000

For a private showing for 564 Kellogg St. #A or more information, contact the Ann Arbor Condo specialists with The Bouma Group at 734-761-3060 or info@bouma.com. View photos and amenities for The Crossings of Ann Arbor here!

How to Stay Ahead of the Real Estate Market

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Key Takeaways:

  • Knowing your property’s real-time value is more important than ever
  • Build a relationship with your local real estate team to maximize your money
  • This is a great time to plan for the future of your home, so contact us today!

From volatile national market trends impacting local housing markets to unforeseen structural problems, a property’s value fluctuation can be tricky to gauge accurately. However, the good news for current and would-be homeowners curious about a property’s actual value in today’s market is that information is more accessible than ever. So let’s look at some of the easiest, most straightforward options for knowing a property’s actual value and why it’s so important!

Know the accurate value of your property

Stacked gold coins and plant growing on the top and wooden home model

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2854 S. Knightsbridge Circle, Ann Arbor Condo for Sale at Northside Glen

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2854 S. Knightsbridge Circle, Ann Arbor MI 48105

SOLD! 2854 S. Knightsbridge Circle is a second-floor end unit in the desirable Northside Glen condo complex on the north side of Ann Arbor. Features include:

  • 1094 square feet of living space with 2 bedrooms and 2 baths.
  • Galley-style kitchen has a breakfast bar with seating opening it to the dining space and living room.
  • Large owner’s suite offers double closets and a private bath.
  • In-unit laundry room.
  • 1-car, detached garage plus plenty of guest parking.
  • More photos and features
  • Listed for $269,000

To request a private showing for 2854 S. Knightsbridge Circle or for more information, contact the Ann Arbor Condo specialists with The Bouma Group today at 734-761-3060 or info@bouma.com. View photos and amenities for Northside Glen condo community here!

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