@tegest_tsehai: Monday Market Update | 8.31.26 We were hoping the Fed Chair’s speech at Jackson Hole would give us some clarity on where mortgage rates are headed. Instead, we’re still waiting for answers. Mortgage rates are around 6.75%, Michigan inventory is up 10.25% year over year, and buyer demand has softened. That means buyers have more options, while sellers are competing for a smaller pool of active buyers. With the economy still giving us mixed signals, many people are taking a wait and see approach. The August jobs report this Friday could give us another important clue about what comes next. Thinking about buying or selling in Metro Detroit? Comment MARKET and I’ll send you a link to schedule a time to talk. ______________________________ Tegest Walker Associate Broker @properties Christie’s International Real Estate REMI www.tegestwalker.com 📱 313-889-7440 📧 [email protected] _____________________________ #DetroitRealEstate #MetroDetroitRealEstate #MichiganRealEstate #MortgageRates #RealEstateTok

Tegest | Metro Detroit Realtor

Open In TikTok:

Region: US

Monday 31 August 2026 16:52:53 GMT