As we move into the latter half of the year, questions about what’s to come are top of mind for buyers and sellers. Near record-low mortgage rates coupled with rising home price appreciation kicked off a robust housing market in the first half of 2021, but what does the forecast tell us about what’s on the horizon?

The lack of Homes for Sale continues to impact the Real Estate market, even in Northeast Michigan. 
2021 may result in the lowest amount of homes ever in the history of the club due merely to the lack of homes available to interested buyers.  
the Pearson Group sends "New Listing" alerts to over 20 prospective purchasers.  There are several licensed real estate agents and Realtors who work and play at our club who may have addtional buyers.....all            just waiting for the next property to hit the market.



   

Clarkston Ranch home in beautiful Independence Township. Features 3 bedrooms, fenced yard, and  well maintained, Close to shopping, schools, expressways and recreational activity.
Click this link to View the Listing Details and Photos
Click this link to View the 360 Image Tour

As we enter the middle of 2021, many are wondering if we’ll see big changes in the housing market during the second half of this year. Here’s a look at what some experts have to say about key factors that will drive the industry and the economy forward in the months to come.

Today’s housing market is full of unprecedented opportunities. High buyer demand paired with record-low housing inventory is creating the ultimate sellers’ market, which means it’s a fantastic time to sell your house. However, that doesn’t mean sellers are guaranteed success no matter what. There are still some key things to know so you can avoid costly mistakes and win big when you make a move.

One of the biggest questions in real estate today is, “When will sellers return to the housing market?” An ongoing shortage of home supply has created a hyper-competitive environment for hopeful buyers, leading to the ultimate sellers’ market. However, as the economy continues to improve and more people get vaccinated, more sellers may finally be in sight.

 Beautiful 40 acre setting with 3 Ponds! Ranch home features 3 bedrooms, 1.5 baths, immaculately kept.

 As you walk the grounds, you'll come across trails leading through the woods, ponds, and an orchard of pear and apple trees.

Click "Read More" below for all the Details, Photos, and a 360 Virtual Tour 

Clarkston Schools - Colonial with Over 2400 sqft of living space, a full basement, and 3.5 Car Heated Garage.  Features 4 Spacious Bedrooms plus an office, large first floor laundry, and a fenced yard. 
The home is an ideal location in Springfield Township with easy commutes to Dixie Highway, I-75 or the Downtown. 

Click this Link to view Listing Details and Photos of 8425 Clarridge 
Click this Link to View the 360 Image Tour of 8425 Clarridge

Real Estate Sales in Lost Lake Woods Club are projected to be lower this year due to the lack of inventory.  There continues to be a backlog of prospective buyers and new members who wish to purchase homes.  Many of these buyers are prospective new members, some who are seeking year round retirement homes and others who are seeking their second home for vacationing and weekend getaways.  Clink this link to view the 1st Quarter Real Estate Report for Lost Lake Woods Club

In a sellers’ market, some homeowners might be tempted to try to sell their house on their own (known as For Sale By Owner, or FSBO) instead of working with a trusted real estate professional. When the inventory of homes for sale is as low as it is today, buyers are eager to snatch up virtually any house that comes to market. This makes it even more tempting to FSBO. As a result, some sellers think selling their house will be a breeze and see today’s market as an opportunity to FSBO. Let’s unpack why that’s a big mistake and may actually cost you more in the long run.