As I have promised, here's the latest price change on one of the area listings in Battle Creek, Michigan. I have been monitoring these homes during the month of February, and have seen a drastic downward trend on several homes that were listed in the $3,000 K to $5,000 K arena. This week the homes are trending downward in the $5,000 K to $10,000 range, and a notable trend downward is now entering the $20,000 K range.
Redfin Article: Housing Supply Is Piling Up As Home Sellers Enter the Market But Buyers Stay on Sidelines
There are five months of for-sale supply on the market nationwide, up from 4.4 months a year earlier and the most since early 2019. Inventory is piling up because more sellers are listing their homes while fewer buyers are wading into the market.
New listings rose 7.4% year over year during the four weeks ending February 9, hitting their highest level for any comparable time period since 2022. Just after this time in 2022, mortgage rates started rising quickly, encouraging many homeowners to stay put to hold onto low rates. Now, that lock-in effect is starting to ease. Pending home sales, meanwhile, fell 6%, similar to the declines we’ve seen since the start of the year. The typical home that sold in that period took 57 days to go under contract–the longest span since March 2020, when the onset of the pandemic nearly ground the housing market to a halt. Sales are slow mostly because housing costs are high, with the median monthly housing payment sitting just $46 below its all-time high. Home-sale prices are up 4.3% year over year, and the weekly average mortgage rate is 6.89%, down slightly from a week earlier but still more than double the average pre-pandemic and early-pandemic rates.
- Redfin
Updates on the Latest Battle Creek Michigan Home Price Drops 2025
More about this property
Listed by Zachary Charles Edward Callender Brokered by Berkshire Hathaway HomeServices Michigan Real Estate - Battle Creek
Property details Now available is this beautiful 1970's Harper Creek ranch! This well-maintained property offers 3 bedrooms, 1.5 bathrooms, an attached two car garage, and a large yard. You will also find a natural fireplace in the living room, a spacious covered patio, and main floor and basement laundry hookups. Some other great features are a brand-new furnace in 2023, a newer roof, and a full house Generac generator. Call or text Zachary Callender for a private tour!
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Article: Finance·Real estate
Housing markets with a lot of federal workers have been thrown into disarray by Trump’s RTO order and layoff fears
Return-to-office mandates and potential layoffs are upending housing markets as employees deal with job insecurity and commute times.
The Trump administration’s return-to-office mandate and layoffs are disrupting housing markets with big federal footprints, as workers search for closer commutes and struggle with job insecurity.
Trump has said that if federal employees opt to stay remote, they will be dismissed. In addition, Elon Musk’s DOGE is targeting agencies for steep budget and personnel cuts.
Listen to the article: - FORTUNE.com
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