November 13, 2025 | Real Estate Market Update for Northville, Novi, South Lyon, Plymouth and Metro Detroit | Insights by Jeff Duneske, Northville Realtor®

Today’s update covers major shifts in mortgage policy, FSBO trends and the luxury sector. As a top real estate agent in Northville, Novi and South Lyon, and one of the best realtors in Metro Detroit, my goal is to help you understand how these changes affect your plans, whether you’re preparing to buy, sell or rightsize.

FHFA Evaluates Portable and Assumable Mortgages

BAM and HousingWire report that FHFA Director Bill Pulte has confirmed that Fannie Mae and Freddie Mac are actively evaluating both assumable and portable mortgage structures.

With today’s 30 year rate at 6.29 percent and millions of homeowners holding rates closer to 3 percent, affordability conversations are reaching a new level.

Why this matters for Northville, Novi and South Lyon homeowners

• The FHFA is studying ways to implement portable and assumable mortgage models.

• Assumable mortgages exist for FHA, VA and USDA loans, with limited use for some ARMs.

• Conventional assumptions remain rare and expensive, costing lenders nearly $10,000 per file.

• Portable mortgages would allow a borrower to transfer their low rate loan to a new property.

• Structural hurdles remain since U.S. mortgages attach to the property, not the borrower.

If implemented, this could reshape mobility for local homeowners across Northville, Novi, South Lyon and Plymouth. As a top Metro Detroit realtor, I’m watching this carefully because it impacts move up plans, downsizing timelines and how buyers navigate affordability.

FSBO Sales Drop to a Record Low — Big Implications for Local Sellers

NAR’s 2025 report shows FSBO activity at its lowest point on record — just 5 percent of all home sales.
Meanwhile, 91 percent of sellers hired a real estate professional.

Why this matters in your local cities

• Northville, Novi and South Lyon consistently show one of the lowest FSBO shares in the country.

• FSBO homes sold for a median of $360,000 versus $425,000 with an agent.

• Forty percent of FSBO sellers did not market the home at all.

• Only 29 percent said they would attempt FSBO again.

This highlights the value of partnering with a top realtor in Novi, a leading Northville Realtor, and a trusted South Lyon Realtor who can deliver strong pricing strategy, market exposure and negotiation results.

Luxury Market Supported by Cash Rich Buyers

Realtor.com reports the U.S. luxury market is valued around two hundred eighty nine billion dollars and expected to exceed three hundred thirty eight billion dollars by 2030.

Key drivers shaping luxury interest

• Cash buyers are stabilizing the market by sidestepping financing hurdles.

• Luxury condos represent more than half of all high end transactions.

• The eighty four trillion dollar generational wealth transfer is creating new luxury buyers.

• Inventory remains tight due to the lock in effect.

Locally, I’m seeing strong luxury demand in Northville Hills, Walnut Creek, Novi and South Lyon, especially for homes with updated layouts, modern technology and clean design.
As one of the top realtors in Metro Detroit specializing in golf course and luxury communities, this trend is active in real-time.

What This Means for Buyers and Sellers in Northville, Novi, South Lyon and Plymouth

Across every segment, mortgage policy, FSBO behavior and luxury demand, one theme is clear:

Expert guidance is more valuable than ever.

Whether you’re planning to sell, rightsize or move into Northville, Novi, South Lyon or Plymouth, working with a top real estate agent gives you clarity and confidence in a shifting market.

I’m here anytime you want to talk strategy or explore your best options.

Explore Homes for Sale Across Metro Detroit

🏡 Northville Homes for Sale
🏡 Novi Homes for Sale
🏡 South Lyon Homes for Sale
🏡 Plymouth Homes for Sale

These searches connect you to the latest insights and listings curated by Jeff Duneske Real Estate, your top Metro Detroit realtor.

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Jeff Duneske, Northville Realtor – Keller Williams Advantage
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