I’ve noticed a strong trend right here in Michigan: homeowners are investing more into remodeling, with spending rising 10.1% annually to $637.6M. With higher home prices and interest rates, many are choosing to renovate instead of move, leading to larger-scale projects. Meanwhile, residential construction spending and new housing units under construction have both slowed. After working with buyers and sellers in Oxford, Lapeer, Lake Orion, and surrounding areas for over 35 years, it’s clear to me that understanding these shifts is essential—whether you’re deciding to stay and update your current home or weighing a move. I always strive to keep my clients informed so they can make the best decisions for their families, especially as our local market evolves.
Leave a Reply