Negotiations are back on as mortgage rates slightly cool metro Detroit housing market

Econ & Housing

Rising mortgage rates have made for a less frenzied housing market in metro Detroit this summer compared with last year, although a still-tight inventory of available properties is so far keeping things from returning to what real estate agents consider a more ”normal” market.Many sellers are still getting multiple offers and selling above asking price, agents say, yet they are generally having to be more…

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