Jonathan Arnold, Branch Manager of Grand Rapids mortgage lender, Inlanta, has written the definitive guide to help prospective homeowners find their dream homes and win their bids in the most competitive real estate market in West Michigan history.
“It’s unbelievable. Even though the warm spell was followed by a cold snap, the real estate market isn’t waiting for March 21st to celebrate spring. We’re having our own March madness, and it’s not on the court,” Arnold said.
The region’s real estate market, ranked No. 4 in a recent survey of the nation’s hottest housing markets by Trulia.com, saw 13,593 single family homes exchange hands last year, a 3.7 percent increase over 2015. But the “hot” market also means a serious shortage of inventory that has would-be home-buyers scrambling to outbid the competition. Right now, the Grand Rapids Real Estate Association estimates that there is only 1.3 months of inventory and that there are fewer than 1,353 homes on the market year-to-date in Kent County.
If you’re ramping up to celebrate spring with a home-hunting fling, you’ll want expert help to get the jump on the competition. Follow this link to read and download his guide.