Inbound Vs. Outbound Housing Searches: the Secret Weapon of #GrandRapidsMI
Want to know why Grand Rapids, MI, #realestate is making such major headlines? It's a clever metric when you consider that there are more people looking for homes IN Grand Rapids from OUTSIDE the city. That typically means the housing in the city may be affordable and even more appealing, to some degree, that buyers are drawn to them like moths to flame.
Just how much more prospective buyers will be loving the GR real estate? Statistics show that for every 110 potential house hunters outside the city, there are only 100 house hunters IN the city looking for a new place either in another town, or even in another state.
Statistically, that means there's an appeal we're seeing in GR's real estate! To contrast that, we can take a look at another well-known Michigan city — Detroit — and notice that the metric shows 71 persons hunting for homes in the city whereas 100 Detroit residents want to pack their bags and look elsewhere.
Apparently, Grand Rapids is doing SOMETHING right.
We’re not simply talking about a trickle type growth in the Grand Rapids, MI, real estate market. Try national — at least that’s what Trulia states, a national real estate research firm, crunching the numbers in preparation for analysis of the 2016 housing market, and here’s the major scoop: …