Lake Michigan Real Estate

Real Estate Market Conditions

Recently I have seen an upswing in buyers looking for homes along the lakeshore in the South Haven Michigan area . Part of this may be the Federal Reserve is pumping trillions of dollars into the financial system. In addition, there are promises of tax cuts and the continued lowering of oil prices and lower interest rates. This is all massive and it could help the real estate market turn around by the later part of this year, in which we could see an abrupt growth in the market.

If you were to listen to the media you get a feeling that the real estate market is all doom and gloom. The fact of the matter is the media never tells the whole story and rarely is quick to point out the area’s that are doing well. Statistics show that the lakeshore area for first and second homes has provided a good return as an investment and still continues to do so!

Real Estate has always been a cyclical business and the market has had downturns and upswings before and it will happen again. Time has shown us what goes down will always go back up. Home values will continue their appreciation value over the years ahead because inflation has always made sure of that for us.

With lower interest rates and price adjustments by sellers, it makes a great time for buyers that have been sitting on the sideline to buy that first or second vacation or investment home.

Dan