Homebuyers looking for a new spot to lay their head at night in Metro Detroit are competing for one of the limited number of houses for sale. But added to the mix: investors, who are also vying to buy homes from the same historically low pot. Their inverse goal: a spot for others to lay their heads…
With too few listings to go around, metro Detroit real estate agents struggle to find elbow room
With too few listings to go around, metro Detroit real estate agents struggle to find elbow room
Karen Dybis
Cydni Elledge for Crain s Detroit Business
Dino Ricci at a property in Grosse Pointe. Ricci said he advertises the 25 years he has in real estate so clients know he has the experience to work in this current market.
FOCUS: REAL ESTATE
A hot residential real estate market is having a cooling effect on some agents, who are putting their licenses and marketing efforts on hold as the industry faces a dearth of new listings and a glut of competition for the limited homes available for sale.