Anyone have experience in MI residential real estate market?

Anyone have experience in MI residential real estate market?

Investor · Dayton, OH · Member since 2015 · 7 posts · 1 vote

Is the supply of potential units becoming tight and prices rising? I am a currently an investor and wondering if you have similar experience. Any other experiences/thoughts on MI residential real estate market welcome

Thanks!!!!

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  • Investor · Lansing, MI · Member since 2015 · 94 posts · 4 votes
    10y
    Originally posted by @Mukesh Patel:

    Is the supply of potential units becoming tight and prices rising? I am a currently an investor and wondering if you have similar experience. Any other experiences/thoughts on MI residential real estate market welcome

    Thanks!!!!

    Just sold my lawn care business. Getting back in to REI. I'm in Lansing and Grand Rapids area.

  • Real Estate Agent · Port Huron, MI · Member since 2012 · 295 posts · 82 votes
    10y

    Yes. Inventory is going down which is causing prices to rise. Margins are getting squeezed. I also have a house that didn't get rented in the first month it was available which is very surprising in my area.

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