Summer 2026 Real Estate Market Update

Summer 2026 Real Estate Market Update

  • Candice Rich
  • August 25, 2026

INSIDE SCOOP WITH CANDICE

The last light of summer is here, and with it, a good moment to look at what's unfolding across our real estate landscape!


What To Expect In The Housing Market In The Second Half of 2026

As we look toward the final stretch of 2026, many of you have asked me whether we are heading toward a housing crash or another massive boom. The short answer? Neither. We are entering a period of stabilization.

Here are the key takeaways you need to know about the current real estate landscape:


  • Prices Are Flattening:National home price appreciation has cooled off significantly. Analysts are watching a market where prices are effectively moving sideways, bringing relief to a multi-year streak of soaring historic highs.


  • Rates Remain Sticky:Borrowing costs are persisting in the mid-to-high 6% range, keeping the "lock-in effect" alive as current homeowners hold onto their lower historical rates.


  • Buyers Gain Leverage:Because affordability remains a hurdle, active buyers have slightly more negotiating power, leading to an increase in selective price reductions in certain oversupplied areas.


How do these macro shifts impact our local neighborhoods here in Michigan? Every zip code behaves a bit differently. If you are curious about what your specific home is worth today or want to chat about strategy, call me!




If you want to dive deeper into the data, read the full comprehensive breakdown on the JP Morgan US Housing Outlook Article Below


Read The Article Here

How Much Equity Will You Keep After Selling Your Home?


The answer depends on more than the final sale price. Your financial outcome is influenced by your home’s value, remaining mortgage balance, selling costs, improvements made over the years, potential capital gains considerations, timing, and your overall goals. 

Before becoming a Realtor, I spent more than three decades as an Accountant owning my own CPA firm.That background shapes the way I approach every real estate decision. Selling a home is not simply a transaction, it's a financial event.  

That is why I believe homeowners deserve more than a traditional market analysis. They deserve a complete Equity Review before making one of their largest financial decisions.


The equity you keep after selling your home depends on the complete financial picture , not only the sale price.


Your final proceeds may be affected by your mortgage balance, selling expenses, improvements made over time, potential tax considerations, and the strategy used to position your home for the market.

Understanding these factors helps homeowners make informed decisions before moving forward.



Read All About It Here In My Blog

Best Tequila Cocktails to Mix This Weekend

THE TOREADOR

The Toreador cocktail is tequila, apricot liqueur, and lime juice, and is among the first tequila cocktails ever printed in the English language, in William J. Tarling’s Cafe Royal Cocktail Book, in 1937. It’s essentially a Margarita with apricot instead of orange, and it’s justifiably overshadowed by its orangey sister because the apricot speaks a little too loudly in a classic Toreador—the boldness of the fruit too brash on the midpalate. But one of the best bars in the world, Jigger & Pony in Singapore, correctly saw that a little yogurt could solve that problem perfectly. After traveling around the world to try the bar’s White Toreador, we took the bar’s recipe and made a few tweaks for home bartenders.

Adapted from Jigger & Pony, Singapore

  • 1.5 oz. blanco tequila
  • 0.5 oz. lime juice
  • 0.5 oz. apricot liqueur
  • 0.5 oz. simple syrup
  • 1 egg white
  • 1 tsp full fat greek yogurt

Add all ingredients to a cocktail shaker and shake briefly without ice to whip the egg Add ice and shake hard for 10 to 12 seconds. Strain up into a cocktail glass. No garnish.



SELECT LUXURY SUBURBAN PROPERTIES

1935 Brookwood Ave

Royal Oak, MI 48073


4 BED | 3.1 BATH

$899,000


Impressive & striking fully custom brand new construction available for immediate occupancy w/ premium finishes tucked at the end of a quiet street immersed in unobstructed tranquility running along pristine golf course frontage w/ year-round panoramic views of Red Run...


CLICK HERE FOR FULL LISTING DETAILS


602 Wellington Circle Rochester Hills, MI 48309


5 BED | 3.2 BATH

$2,200,000


Welcome to this exceptional custom-built luxury home offering over 6,500 square feet of beautifully finished living space. Built in 2014, this impressive residence features 5 bedrooms plus bonus room, 3 full baths, 2 half baths, and a 4-car side-entry garage on a highly desirable corner lot with inground pool and resort-style outdoor space...


CLICK HERE FOR FULL LISTING DETAIL

INTRODUCTIONS I WOULD LOVE

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If someone in your network is relocating to or from the tri-county Metro Detroit area, or wants to invest in our Northern Region or even out of state, I would appreciate the introduction!


Every referral I receive is handled with the utmost care, discretion, and guidance from first conversation well beyond the closing. I never take that trust lightly.

Thank you in advance!

With 12 offices across the State of Michigan, your clients have a trusted local advisor wherever their needs take them in the state.

Contact Me First!


Candice Rich

ABR ® CNE®, CLHMS®, PSA®

Global Luxury & Relocation Advisor


O: 248.724.6124

C: 313.218.5300

[email protected]

Candicerich.com

FacebookInstagramLinkedIn

INSIDE SCOOP WITH CANDICE

The last light of summer is here, and with it, a good moment to look at what's unfolding across our real estate landscape!


What To Expect In The Housing Market In The Second Half of 2026

As we look toward the final stretch of 2026, many of you have asked me whether we are heading toward a housing crash or another massive boom. The short answer? Neither. We are entering a period of stabilization.

Here are the key takeaways you need to know about the current real estate landscape:


  • Prices Are Flattening:National home price appreciation has cooled off significantly. Analysts are watching a market where prices are effectively moving sideways, bringing relief to a multi-year streak of soaring historic highs.


  • Rates Remain Sticky:Borrowing costs are persisting in the mid-to-high 6% range, keeping the "lock-in effect" alive as current homeowners hold onto their lower historical rates.


  • Buyers Gain Leverage:Because affordability remains a hurdle, active buyers have slightly more negotiating power, leading to an increase in selective price reductions in certain oversupplied areas.


How do these macro shifts impact our local neighborhoods here in Michigan? Every zip code behaves a bit differently. If you are curious about what your specific home is worth today or want to chat about strategy, call me!




If you want to dive deeper into the data, read the full comprehensive breakdown on the JP Morgan US Housing Outlook Article Below


Read The Article Here

How Much Equity Will You Keep After Selling Your Home?


The answer depends on more than the final sale price. Your financial outcome is influenced by your home’s value, remaining mortgage balance, selling costs, improvements made over the years, potential capital gains considerations, timing, and your overall goals. 

Before becoming a Realtor, I spent more than three decades as an Accountant owning my own CPA firm.That background shapes the way I approach every real estate decision. Selling a home is not simply a transaction, it's a financial event.  

That is why I believe homeowners deserve more than a traditional market analysis. They deserve a complete Equity Review before making one of their largest financial decisions.


The equity you keep after selling your home depends on the complete financial picture , not only the sale price.


Your final proceeds may be affected by your mortgage balance, selling expenses, improvements made over time, potential tax considerations, and the strategy used to position your home for the market.

Understanding these factors helps homeowners make informed decisions before moving forward.



Read All About It Here In My Blog

Best Tequila Cocktails to Mix This Weekend

THE TOREADOR

The Toreador cocktail is tequila, apricot liqueur, and lime juice, and is among the first tequila cocktails ever printed in the English language, in William J. Tarling’s Cafe Royal Cocktail Book, in 1937. It’s essentially a Margarita with apricot instead of orange, and it’s justifiably overshadowed by its orangey sister because the apricot speaks a little too loudly in a classic Toreador—the boldness of the fruit too brash on the midpalate. But one of the best bars in the world, Jigger & Pony in Singapore, correctly saw that a little yogurt could solve that problem perfectly. After traveling around the world to try the bar’s White Toreador, we took the bar’s recipe and made a few tweaks for home bartenders.

Adapted from Jigger & Pony, Singapore

  • 1.5 oz. blanco tequila
  • 0.5 oz. lime juice
  • 0.5 oz. apricot liqueur
  • 0.5 oz. simple syrup
  • 1 egg white
  • 1 tsp full fat greek yogurt

Add all ingredients to a cocktail shaker and shake briefly without ice to whip the egg Add ice and shake hard for 10 to 12 seconds. Strain up into a cocktail glass. No garnish.



SELECT LUXURY SUBURBAN PROPERTIES

1935 Brookwood Ave

Royal Oak, MI 48073


4 BED | 3.1 BATH

$899,000


Impressive & striking fully custom brand new construction available for immediate occupancy w/ premium finishes tucked at the end of a quiet street immersed in unobstructed tranquility running along pristine golf course frontage w/ year-round panoramic views of Red Run...


CLICK HERE FOR FULL LISTING DETAILS


602 Wellington Circle Rochester Hills, MI 48309


5 BED | 3.2 BATH

$2,200,000


Welcome to this exceptional custom-built luxury home offering over 6,500 square feet of beautifully finished living space. Built in 2014, this impressive residence features 5 bedrooms plus bonus room, 3 full baths, 2 half baths, and a 4-car side-entry garage on a highly desirable corner lot with inground pool and resort-style outdoor space...


CLICK HERE FOR FULL LISTING DETAIL

INTRODUCTIONS I WOULD LOVE

undefined

If someone in your network is relocating to or from the tri-county Metro Detroit area, or wants to invest in our Northern Region or even out of state, I would appreciate the introduction!


Every referral I receive is handled with the utmost care, discretion, and guidance from first conversation well beyond the closing. I never take that trust lightly.

Thank you in advance!

With 12 offices across the State of Michigan, your clients have a trusted local advisor wherever their needs take them in the state.

Contact Me First!


Candice Rich

ABR ® CNE®, CLHMS®, PSA®

Global Luxury & Relocation Advisor


O: 248.724.6124

C: 313.218.5300

[email protected]

Candicerich.com

FacebookInstagramLinkedIn

Work with Candice

EXPERIENCE THE DIFFERENCE A DECADE OF REAL ESTATE | THREE DECADES OF FINANCIAL ADVISING Candice Rich is a skilled negotiator, trusted real estate advisor, and former private practice Accountant known for her strategic approach, market expertise, and dedication to personalized representation.