Are Houses Less Affordable Than they were in Past Decades?

There are many headlines about how housing affordability is declining. The headlines are correct: it’s less affordable to purchase a home today than it was a year ago. However, it’s important to give this trend context. Is it less expensive to buy a house today than it was in 2005? What about 1995? What happens if we go all the way back to 1985? Or even 1975?

Lakefront Ranch on Buckhorn Lake under 200K, with attic storage. Great opportunity to own a lakefront home of your own. Fantastic views of a quiet no wake lake from the comfort of your Great room with wall of windows and doorwall. Vaulted Ceilings, brand new roof, new full bath, & furnace only a few years old. The Library also has been used a a 2nd bedroom. This home has so much potential for year around living as well as a 2nd home to get away and enjoy the water. 


Click read more below to access the listing details, photos, and a virtual walk thru of 9061 Clinton. 

 

5183 Mattawa

 Clarkston Schools with this Quaint Lakefront Charmer for $220,000  -  Electric motors only on Round Lake make this the serene setting for summer or year round enjoyment.
  Great potential and opportunity.

  Hit the "read more" below to view the Listing Details, Photos, and a 3D Tour of 5183 Mattawa, Clarkston Michigan  (Independence Township)

4062 Shrew at Lost Lake Woods Club

Expanded A-Frame boasting character is now for sale at Lost Lake Woods Club. Northeast Michigan's best kept secret with 10,000 acres of private access with 5 lakes, Clubhouse, beach area, hunting, golfing and much more.

Click "read more" below to the left to view listing details, photos, and a 3D Virtual Tour

4063 Elder at Lost Lake Woods Club

Well built Ranch home with partially finished Walk-Out Basement with very high ceilings and a 3 + Garage in Lost Lake Woods Club. 
10,000 Acres, Golf, Equestrian, Shooting Sports, Fishing, Archery...a paradise for outdoor enthusiasts. Membership Information available. 

Click "read more" to the left below to view listing details, photos, and a virtual walk-thru. 

An important factor in today's market is the number of homes for sale. While inventory levels continue to sit near historic lows, there are indications we may have hit the lowest point we'll see. Odeta Kushi, Deputy Chief Economist at First American, recently said of our supply challenges:

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?

Few Homes for Sale at Lost Lake Woods Club

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.

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