Well, Taco Tuesday has nothing to do with Globalism or States’ Rights. It does, however, give you a few ideas for dinner tonight. On the other hand, where do you stand? Do you believe government should come from a Global Authority, or do you believe government should come from the capital building in your state?

That’s an issue we will face now and in years to come. Will your home value become greater or lower with government rules coming from 6,000 miles away? Our Founding Fathers fought and almost came to blows over local government vs. centralized government. We’ve been having these political battles for 250 years. What’s next?

This week we’ve seen some of the same drama we observed last week.

Market Watch
New Listing (1106) A healthy number which has been climbing.
Coming Soon (189)
Back On Market (185)
Price Increase (93)
Price Decrease (1189) Clearly reflective of a market with more choices.
Pending (894) Not so great here, what’s happening, this is typically our strongest season!?!
Withdrawn (129)
Leased (0)
Closed (783) Very low. Mid-month Malaise!
Expired (115)

Ok, what we are seeing above is a market with growing supply and shrinking demand. How long will this take to completely unfold with out a discount from long-term rates?

As we move now to Total Active Single Family Residential Properties, there is much to observe!

We have increased from 4,591 in January to 4,960 in February to 5,039 in March to 5,669 in April to 7,335 at the end of May, and now 7,557 as we move deeper into June. Last year at this same time, we had about 5,440 Active Listings. This is a dramatic change in a short time. Has the “Black Swan” finally caught up to this market? When will we declare this to be a Buyers’ Market?

Dee and I are here to assist, guide, and educate you on the trends, the neighborhoods, and when it might be best for you to dip your toes into this market. Please reach out to TheCryerTeam@Kentwood.com