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Excited to see what 2025 has in store! 2024 was a year of market highs and shifting trends. Home values soared to
record-breaking levels, but the year also highlighted the contrast between optimistic housing forecasts and economic realities.
Last year, we had the privilege of helping over 20 executive families buy and sell, along with several investors, closing the year ranked among the top 700 agents out of 17,000 in Oakland County—and holding strong in the top 5% statewide in Michigan.
Go Lions! They may not have clinched the championship, but what a season—our boys made us proud!
As always, this newsletter is packed with the latest real estate insights, market updates, buying and selling tips, and community highlights. I hope you find it valuable and enjoyable!
“The bad news is time flies. The good news is you’re the pilot.”
~ Michael Altshuler
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JANUARY 2025 LUXURY MARKET REPORTS
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Welcome to 2025: In this review, we will break down the key events, trends, and insights from 2024, concluding with an outlook for the North American luxury real estate market
in 2025.
The luxury real estate market in 2024 was marked by a series of transformative trends, with key developments shaping the high-end housing sector throughout the year.
After a challenging 2023 characterized by limited transactions and stagnation, the luxury market made a remarkable resurgence. The year saw a notable recovery, driven by factors such as economic stabilization, a rise in inventory levels, and the return of affluent buyers with renewed confidence.
Luxury Market Report 2024 In Review
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NEW HIGHER LOAN LIMITS FOR HOMEBUYERS IN 2025
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The Federal Housing Finance Agency (FHFA) recently announced that it will raise loan limits for mortgages backed by Fannie Mae and Freddie Mac, giving some homebuyers greater purchasing power. Starting in 2025, the maximum conforming loan limit for single-unit properties will increase to $806,500 – a 5.2 % increase from the current limit of $766,550...
Click Here To Read The Full Article
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TIPS FOR SUCCESSFULLY REFINANCING
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Mortgage rates dropped to just above 6% in late September, drawing homebuyers from the sidelines and fueling the biggest refinancing boom in recent years. Although rates have since jumped up, they remain lower than the peak levels of October 2023, when they almost hit 8%.
“Proper Rate closed about 10 times more refinancing deals this past fall than we closed throughout 2023,” said Kyle Gillespie, SVP of mortgage lending at Proper Rate, @properties Christie’s International Real Estate’s affiliated mortgage lender.
CLICK HERE TO READ FULL ARTICLE
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THE ULTIMATE LUXURY VALENTINE'S GETAWAY
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JUMBY BAY ANTIGUA
Jumby Bay, a private island off the coast of Antigua. Created in partnership with VistaJet, the all-inclusive two-night experience features a whole host of extras such as a private sunset cruise, dedicated butler service, couples’ spa treatments, portraits by a professional photographer and more. Of course, transport is taken care of courtesy of VistaJet’s signature silver and red fleet.
Price on request: oetkercollection.com
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1736 HIDDEN RAVINES DRIVE BIRMINGHAM, MI 48009
Built in 1984 the elegant ranch home "Country French" in private enclave in heart of City of Birmingham. 1st floor Primary suite includes walk-in closet, spa bath, views of serene garden and woods. Approx. 4000 sq ft. of living space. 3 bedrooms, 3 full baths...
CLICK HERE FOR FULL LISTING DETAILS
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17325 PONCHARTRAIN BLVD
DETROIT, MI 48203
The most ESTEEMED estate on the entire golf course. EXQUISITE historic estate located in the heart of Palmer Park, situated directly on the DGC course with an unprecedented view. This home was originally designed and built by Jozsef Galamb, a Hungarian engineer, best known for his crucial role in designing and developing Ford's Model T and Model M, who utilized his expertise and innovative mind to create the most coveted residence in all of Detroit...
CLICK HERE FOR FULL LISTING DETAILS
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2100 S OCEAN BLVD, 602 S PALM BEACH, FL 33480
Exceptional development opportunity in the heart of Emmet County! This property is a developer's paradise, offering immense potential for residential development. Currently zoned for up to 144 units with convenient access to sewer and water hookups, this land represents a lucrative investment opportunity....
CLICK HERE FOR FULL LISTING DETAILS
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11691 E TURQUOISE AVE
SCOTTSDALE, AZ 85259
Experience pride of ownership in this captivating custom home, situated on an expansive corner lot in the prestigious Stonegate community. From the moment you step inside, you'll be enchanted by a beautifully designed interior bathed in natural light, featuring plush carpeting, recessed lighting, soothing tones, and built-in surround sound ...
CLICK HERE FOR FULL LISTING DETAIL
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2025 HELP ME WIN ROAD TO ROLEX!!
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IT'S A NEW YEAR TO HELP ME WIN THE ROAD TO ROLEX COMPETITION
Although I was super close last year I didn't win -
I believe this is my year to win the prestigious Christie's Elite Road To Rolex Contest but I need your help!!
Your referrals and business are crucial in helping me achieve this milestone.
If you know anyone looking to buy or sell a home, please send them my way.
Thank you for your continued support and trust in me!
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With 9 offices across the State of Michigan now, as well as a robust International network of highly vetted referral partners, remember I can assist you wherever your real estate needs may take you.
Contact Me First!
Candice Rich, CNE®, CLHMS®
Global Luxury & Relocation Advisor
O: 248.724.6124
C: 313.218.5300
[email protected]
Candicerich.com
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"The ache for home lives in all of us, the safe place where we can go as we are and not be questioned."
Maya Angelou
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