Navigating the Shifting Sands of September 2025 Real Estate
As we step into September 2025, the real estate market continues its dynamic dance, influenced by a blend of economic indicators and seasonal shifts. This month, we’re observing a nuanced landscape, with certain sectors showing robust growth while others experience a measured recalibration. Interest rates, while still competitive, have seen minor fluctuations, making it more important than ever for prospective buyers and sellers to stay informed and agile. Inventory levels are showing a slight increase in some desirable areas, offering more choices for buyers, though well-priced properties are still moving quickly.
Key Market Indicators
Michigan
Indicator | July 2025 | September 2025 (Projected) | Trend |
| Median Home Price | $316,950 | $313,317 | ($3,633) |
| Average Interest Rate | 6.72% | 6.7% | (.02%) |
| Days on Market | 42 | 45 | 3 |
| Inventory Levels | 37,353 | 41,100 | 3,747 |
Tennessee
| Indicator | August 2025 | September 2025 (Projected) | Trend |
| Median Home Price | $439,950 | $429,400 | $10,550 |
| Average Interest Rate | 6.95% | 6.825% | (.125%) |
| Days on Market | 60 | 62 | +2 |
| Inventory Levels | 44,968 | 51,759 | 6,791 |
Pre-Qualification and Credit: Your Gateway to Homeownership
Understanding your financial standing is the crucial first step in any real estate journey. Pre-qualification and strong credit are not just formalities; they are powerful tools that can set you apart in a competitive market and ensure a smoother, more confident buying experience.
Pre-Qualification Tips
Gather Your Documents: Be ready with recent pay stubs, W-2s, bank statements, and tax returns. The more organized you are, the faster the process.
Understand Your Debt-to-Income Ratio: Lenders look at this ratio closely. Aim to keep your total monthly debt payments (including your potential new mortgage) manageable compared to your gross monthly income.
Be Honest and Thorough: Provide accurate information. Any discrepancies can delay or even derail your pre-qualification.
Know Your Down Payment Options: Explore different loan programs and down payment requirements. Even a small down payment can be a good start.
Work with a Trusted Lender: A good lender will guide you through the process, explain your options, and help you understand what you can realistically afford.
Download my Pre-Qualification Guide
Credit Tips for Homebuyers
Check Your Credit Report Regularly: Obtain free copies of your credit report from all three major bureaus (Experian, Equifax, TransUnion) and dispute any errors immediately.
Pay Bills on Time, Every Time: Payment history is a significant factor in your credit score. Set up reminders or automatic payments to avoid missing due dates.
Reduce Existing Debt: Lowering your credit card balances and other outstanding debts can significantly improve your credit utilization ratio, which positively impacts your score.
Avoid Opening New Credit Lines: Before and during the home-buying process, refrain from opening new credit cards or taking out new loans, as this can temporarily lower your score.
Maintain Old Accounts: Keeping older, established credit accounts open, even if they have a zero balance, can positively influence the length of your credit history.
Upcoming Event: Pre-Qualification Power-Up!
Are you ready to take the first step towards homeownership but unsure where to start with pre-qualification? Join us for an exclusive event designed to demystify the process and equip you with the knowledge you need!
What: Pre-Qualification Power-Up Event
When: September 6, 2025, at 10:00 AM EDT
Where: Google Meet
During this event, our team of experts will walk you through the pre-qualification process, offer personalized tips, answer your questions, and help you understand what lenders are looking for. Don't miss this opportunity to gain confidence and clarity on your path to buying a home! Pre-register here.