Metro Detroit + Housing market + Covid-19
Hi All,
I hope this note finds you well. I am new to real estate and have recently graduated and began working. I am looking to purchase a property, hopefully a small multiplex (using FHA), in Metro Detroit (Royal Oak, Ferndale, Birmingham, Southfield). I hear the market is volatile and its future is uncertain. Can you please help me better understand the market? Is this a good time to buy or perhaps sit and wait for the market to be more stable? Any and all suggestions, advice, or help is highly appreciated. Thank you for your time.
Best Regards,
Reza