Welcome to The Wickland Group Real Estate Blog!

Our mission is to provide our readers with relevant and interesting information regarding all things real estate. Look for future articles covering tips on buying and selling real estate, home improvement tips, new construction information and ways to maximize your homes value. 

We'll also cover tax related items, home equity questions, real estate investing and even buying vacation properties. We'll cover geographical areas such as the Metro Ann Arbor and the Metro Detroit Suburbs(e.g., Royal Oak, Birmingham, West Bloomfield, Novi, Northville, Plymouth and Canton, Saline, Dexter and Chelsea)

Oct. 24, 2017

Woodward Corners Shopping Center Gets a Celebrity Tenant

Construction is underway at the future site of the Woodward Corners Shopping Center located at 13 Mile road and Woodward Ave. in Royal Oak. Beaumont Health, the owners of the new development, just announced the first two official tenants of the new shopping center.  The first is the Detroit based coffee chain New Order Coffee, and the second is none other than Mark Wahlberg with his family owned burger restaurant, Wahlburgers. Wahlberg is continuing his interest in Metro Detroit after the success of the first Wahlburgers location in Greektown, Detroit.

The redevelopment plan includes six new buildings on the site, including a luxury hotel, upscale grocery store, and multiple restaurants and retail shops in a beautiful open-air setting. The grounds will include open space that will be used as a venue for festivals and fairs. Woodward Corners by Beaumont is expected to open to the public late in 2018.

With all the commercial development and investment in the area look out for a positive impact on local home values!

See what's listed in the area right now! 

Posted in Community News
Oct. 12, 2017

Millionaire to Millennials

Millionaire to Millennials: Buy a Home Now! | MyKCM

In a CNBC article, self-made millionaire David Bach explained that “the single biggest mistake millennials are making” is not purchasing a home because buying real estate is “an escalator to wealth.”

Bach went on to explain:

“If millennials don’t buy a home, their chances of actually having any wealth in this country are little to none. The average homeowner to this day is 38 times wealthier than a renter.”

In his bestselling book, “The Automatic Millionaire,” Bach does the math:

“As a renter, you can easily spend half a million dollars or more on rent over the years ($1,500 a month for 30 years comes to $540,000), and in the end wind up just where you started — owning nothing. Or you can buy a house and spend the same amount paying down a mortgage, and in the end wind up owning your own home free and clear!”

Bach is a self-made millionaire who has written nine consecutive New York Times bestsellers. His book, “The Automatic Millionaire,” spent 31 weeks on the New York Times bestseller list. He is one of the only business authors in history to have four books simultaneously on the New York Times, Wall Street Journal, BusinessWeek and USA Today bestseller lists.

Bottom Line

Simple advice – if you don’t own your own home, it might be smart to start looking. With a strong real estate market in South East Michigan, it's a great time to be a homebuyer, start your search here and see if your dream home is on the market now! From Ann Arbor to Birmingham, The Wickland Group is here to help with all of your Metro Detroit Real Estate Needs!

Oct. 9, 2017

Which Homes Have Increased in Value?

Which Homes Have Increased in Value the Most?

Which Homes Have Increased in Value the Most? | MyKCM

Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 5.6%. CoreLogic, in their most recent Home Price Index Report, revealed that national home prices have increased by 6.7% year-over-year.

CoreLogic broke appreciation down ever further into four price ranges which gives a more detailed view than simply looking at the year-over-year increases of the national median home price.

The chart below shows the four tiers and each one’s growth from July 2016 to July 2017 (the latest data available).

Which Homes Have Increased in Value the Most? | MyKCM

Lower priced homes have appreciated at greater rates than homes at the upper ends of the spectrum, due to demand from first-time home buyers and baby boomers looking to downsize.

Bottom Line

If you are planning on listing your home for sale in today’s market, let’s get together to go over exactly what’s going on in SE Michigan and your price range.

Posted in Real Estate News