Limited housing inventory will continue  to plague the real estate market well into 2022. Buyers faced with few suitable choices will need to make creative offers in multiple offer situations. Banking sources indicate that the Ukraine war will have little effect on mortgage rates.

Market  View – March 1, 2022
• 360 currently listed homes for sale in the five county greater Lansing area.
• 226  homes have accepted offers. Awaiting inspections and/or appraisal.
• 400 homes are listed as Pending. Have completed inspections and will soon close.
• 799 homes have closed since January 1, 2022.
• 7455 homes have closed in the past 12 months.

Mortgage interest rates
30 year fixed – 3.89% ($4.71 per $1000)
15 year fixed – 3.14% ($6.99 per $1000)