Metro Detroit

NEWSLETTER: MAY 2025

May 16, 2025

AT ANY RATE

BECAUSE YOU NEED A PLACE TO LIVE

As we roll through 2025, mortgage rates seem to have stabilized.

Over the past 12 months or so, they have bounced between 6% and 7%, which remains below the historical average.

Projections from Fannie Mae, NAR, Wells Fargo and others indicate they will likely stay in the lower end of that range for the rest of the year.

People are slowly coming around to that realization.

Which is why real estate is still real estating; people need homes, and they are letting go of the idea that rates will return to a place that previously had never been seen.

So buyers are moving forward with the hope that perhaps the new normal for rates will be offset by prices leveling off, and the competition for homes being downgraded from insane to… less insane.

Which is kinda what’s happening.

Competition is still there, but it isn’t ridiculous.

Inventory isn’t great, but it’s better – and we expect more homes to hit the market in the coming weeks.

The first rush to the market in late Jan/early Feb has passed, and now the next rush is approaching, as people who want to get full value for their landscaping wait for everything to be in bloom.

We are almost there.

So if you’re looking for resale or a new-ish home, now would be a good time to fine-tune your search.

Of course, if you’re looking to build, any time is a good time to build – so let’s connect and discuss your search!

Pictured above: a highly “rated” kitchen by Pzarka Custom Homes.

CURRENT LISTINGS

OUR NEW CONSTRUCTION COLLECTION

WHISPERING RIDGE ESTATES | COMMERCE TWP.

Lot #11 has been dug, and the footings are in – but there is still time to personalize this open-concept colonial, that will feature 4 bed/2.5 bath and 2,670 sqft. We expect the price to be around $675,000.

This is one of only two lots left in Whispering Ridge Estates, so if you’re interested in this beautiful, architecturally diverse neighborhood, now is the time to act – let’s chat about it.

Located near Benstein & Glengary in Commerce, Whispering Ridge Estates is in one of the few sections of the township that doesn’t require navigating 2-lane roads while winding around every lake in Oakland County, resulting in commute times that range from 30 min to the Donner Party. Yay! Connect with us for the details!

UPTOWN VILLAGE | MILFORD

Located on the north side of Downtown Milford in Uptown Village, these well-appointed 2-3 bed/2.5-3.5 bath townhomes are a short walk to one of Metro Detroit’s most coveted historical downtowns, with rows of shops and restaurants that are steeped in the authenticity that comes with nearly two centuries of cultivation.

Only a small offering of these townhomes will be built, so act soon; connect with us (if you’re already working with us), or reach out to Julie directly for the details.

16442 SLEEPY HOLLOW | FENTON

Located in the desirable Pinnacle Shores neighborhood in Fenton, 16442 Sleepy Hollow Drive offers a sprawling ranch plan from our friends at Pzarka Custom Homes.

The open concept layout offers high-quality craftsmanship and thoughtful design, on a premium homesite.

With 3 bed/2.5 bath and 2,255 sqft, this home includes a 3-car garage and a daylight basement; it is priced at $629,800.

This home is now pending, but back-up offers are being accepted; connect with us (if you’re already working with us), or reach out to Tina Piezarka directly for the details.

OUR NOT NEW (BUT NEW TO YOU) COLLECTION

All of our current re-sale listings are under contract – YAY!

FRIENDS WITH BENEFITS

One of the benefits of being a friend of The Experts®, is that when you have a new construction listing that is ready to set the world on fire, we’re over here playing with matches. Which we probably shouldn’t do in a timber-framed house, but details.

GRAMERCY RIDGE | WEST BLOOMFIELD

Our friend Carol Gitlin and the crew at Hunter Pasteur Homes are down to their final five units at Gramercy Ridge.

Featuring luxury condos on the border of West Bloomfield and Farmington Hills, these well appointed 1.5-story plans offer main-level primary suites, attached garages, and an abundance of high-end finishes.

Priced from the upper $600s, all are ready for immediate occupancy.

Connect with Carol directly for the details, or if you’re already working with us, reach out!

SAXTON TOWN LOFTS | PLYMOUTH

If you’re in the market for luxury living in Downtown Plymouth, the team at Saxton Town Lofts has options worth your consideration.

Their 2,749 sqft loft plan offers 3 bedrooms, 3.1 bathrooms, open floor-plans, high ceilings, and wood flooring; prices range from $1.37M to $1.45M.

If a single-family home is the focus of your search, they currently have a 2,450 sqft home near Maple & Fairground, offering 3 bed/2.5 bath and an impressive array of included features; it is priced at $949K.

All are within walking distance of desirable Downtown Plymouth.

Connect with Megan Hansen directly for the details, or if you’re already working with us, reach out!

IN OTHER RESIDENTIAL CONSTRUCTION NEWS…

MAY 2025 NEIGHBORHOOD UPDATES

Michaelangelo Construction recently acquired Woodlot Village Square in Shelby Township, from The Vanguard Real Estate Group; 57 luxury townhomes near 22 Mile  &  Schoenherr Roads. The 2-bed/2-bath plans will feature 1,650 sqft and 1-car garages. Pricing is still TBD.

Monarch Estates by Lombardo Homes (pictured above) is down to it’s final lot. Located near Platt and Textile Roads, within the coveted Ann Arbor School District, this is your last chance to own a new home in this popular new neighborhood, with prices still starting in the mid-$500 range.

Robertson Brothers Homes is offering up to $40K in incentives, on two completed units in the popular Pullman Parc development. Located just east of downtown, in the architecturally lauded Lafayette Parkneighborhood, both available units are priced at $419,132.

MIDDLEPOINTE | SOUTHFIELD

A multi-use development in the heart of Southfield will receive a $131.8 million incentive from the state’s Transformational Brownfield Plan.

The long vacant parcel, on the west side of Evergreen (north of Civic Center Drive), will offer a mix of residential and commercial, spread across three new buildings.

The City of Southfield has long yearned for a more walkable area within the “City Center” district, and the hope is that projects like this (which add potential pedestrians who remain in the area beyond 5pm, as well as additional commercial space), will continue the push in that direction.

You can read more via The Oakland Press here.

BUILDERS: DON’T JUST LIST YOUR HOMES…

GET THEM IN FRONT OF THE RIGHT BUYERS!

Our website caters exclusively to new-home-specific buyers, so in addition to the usual audiences found on the MLS, Zillow, etc., we also bring you local buyers searching specifically for new homes, by creating original, organic content, and pairing it with a social media strategy that guides prospects directly to your listing; and we do it for less than what resale agents charge.

If you’re already working with a client and they have a house to sell, we can help with that as well – using our knowledge of the construction process, to help prevent any issues with timing, etc., when we list their home.

Get in touch to find out how we can sell your homes (and your client’s home), and save everyone money in the process.

Also… if you like what you’ve seen in our May 2025 newsletter, connect with us to find out how your homes can be featured in future newsletters!

AGENTS: BECOME AN EXPERT…

WE ARE THE HOME FOR NEW HOME SPECIALISTS!

Join us. We are growing our national network of New Home Experts® agents across the United States and beyond.

If you are a builders sales rep looking for something different, or an agent/broker with a masterful level of experience selling or building new construction homes in your local market, we want to talk.

Set your business apart from competitors by focusing on this lucrative real estate sector; one that most other agents are either afraid of, intimidated by, or both.

Interested? Let’s chat about the life of an “expert” and if it’s the right path for your career.

CLIENTS: WE LOVED WORKING WITH YOU!

…AND WE WOULD LOVE TO HELP YOUR FAMILY AND FRIENDS AS WELL.

(at least, the ones who are like you)

Our clients mean the world to us, and watching their dreams turn into reality is what keeps us going. We appreciate all of you, and would love the opportunity to help your friends, family, and co-workers as well.

If anyone you refer to us builds, buys, or lists a home with a New Home Experts agent from now until the end of 2025, we will send you a $100 Amazon gift card to show our appreciation.

Call, email, or just send them our way – we’ll take it from there.

And of course, if YOU decide to build, buy, or list with us again, the same offer applies to you.

CONTACT US

Questions about your new home search? Call or email us today – we look forward to hearing from you! Not ready for that kind of commitment? Check out our new-home-specific-search and email us incognito. Use a name like Anita Bath. We’ll never know it’s you…