The Tourist and Lifestyle Investor On The Housing Market

Intuitively, we might think an increasing population will lead to real estate rates to rise. More people means a higher demand for places to live, suggesting the value of homes should increase. While this certainly can happen, it isn't always necessarily the case. Population growth isn't the only factor at play. A dynamic cocktail of interest rates, the economy, government policies, and other unpredictable factors all work together to influence housing prices.

Regardless of whether Northern Michigan real estate rates skyrocket or stay the same, with an influx of tourists and lifestyle vacations, it might be a good time to invest in a rental property and its many benefits. While…

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