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More Metro Detroit homebuyers are canceling deals
More Metro Detroit homebuyers are canceling deals

Axios

time09-04-2025

  • Business
  • Axios

More Metro Detroit homebuyers are canceling deals

Roughly 17% of pending home sales in Metro Detroit fell through in January, up from 14% a year earlier, according to Redfin data. The big picture: More deals are being canceled nationally, Redfin reports. Around 14% of pending U.S. home sales fell through in January, the highest share for this time of year since at least 2017. Context: Homebuyers are backing out of deals for several reasons, including the shock of still-steep prices and mortgage rates, plus economic and political uncertainty, Redfin researchers say. With inventory on the rise nationally, some buyers are also pivoting because they think a better house has (or might) come along. Zoom in: Royal Oak-based Realtor Danny Dedic tells Axios that, as a rule, he typically plans for 10% of contracts to fall through due to run-of-the-mill financing problems, buyers' cold feet or unforeseen circumstances. The jump to 17% this January is not overly concerning, he says, pointing out that January is generally a bad month for home sales. Dedic is advising his clients to put their houses up for sale ASAP because the market should be fairly robust this spring and summer. In January, the rate was as high as 7.26%. Between the lines: Declining mortgage rates usually give homebuyers more purchasing power. Harnessing that power, however, will be difficult amid the tumult.

Adnan Dedic Announces Inclusion in the Top 500 Real Estate Agents in the US
Adnan Dedic Announces Inclusion in the Top 500 Real Estate Agents in the US

Yahoo

time19-02-2025

  • Business
  • Yahoo

Adnan Dedic Announces Inclusion in the Top 500 Real Estate Agents in the US

SARASOTA, FL / / February 19, 2025 / Adnan Dedic has joined the ranks of the top 500 real estate agents in the United States, putting him in the top 1% of the nation. Significant sales have defined his career, including selling the most expensive home in Fort Myers and listing the most expensive home in Sarasota. Dedic credits his success to his upbringing as a first-generation immigrant, his dedication to hard work, resilience, and a vision for providing clients with their dream homes. Dedic's Background and Pursuits in Real Estate Dedic's family arrived in the United States as refugees from Bosnia. Watching his parents work hard to create a stable life for him inspired him to pursue his success. He saw the real estate market as an opportunity to challenge himself. "It's an industry where success isn't handed to you - you have to earn it through hard work, perseverance, and constant growth," Dedic asserts. The real estate industry proved to be challenging to break into. To stay ahead of the competition and stand out in his field, Dedic focused on continuous learning, skill growth, and building genuine relationships with his clients. "Real estate is not just about buying and selling homes - it's about changing lives, and I take that responsibility personally," Dedic claims. Dedic additionally drew on inspiration from his background and the challenges his family has overcome. He states, "What kept me going was remembering why I started: to build a better life for my family and to prove that no matter where you come from, success is possible with hard work, resilience, and vision." Dedic's Career Accomplishments and Accolades Since starting his real estate career, Dedic has made breakthrough sales. His career highlights include selling the most expensive home in Fort Myers, FL, and listing the most expensive home in Sarasota, FL. Dedic's accomplishments in real estate have been recognized through various awards and honors. For his contributions to his community, he was recognized as one of Sarasota's "35 Under 35." He has also been featured in Forbes magazine and named the Top Entrepreneur of the Year by Buzz Prize Expo. Dedic's listing in the top 500 real estate agents in the nation is noted as a significant career milestone, which Dedic states will serve as inspiration for further pursuits in this field, stating, "Each success fuels my passion to continue raising the bar, serving my clients, and inspiring others to achieve their dreams." Dedic's Future Pursuits in Real Estate and Other Industries Dedic seeks to continue expanding his brand and influence beyond real estate in the coming years. He hopes to operate in various industries where he can make a difference. Dedic also aspires to continue growing his real estate business, aiming to establish himself as a go-to resource for high-net-worth individuals and those looking to make transformative investments in their futures. His ultimate goal is to build a legacy beyond successful transactions, in which he can offer guidance, inspiration, and opportunities for others to achieve their dreams, as he has done. "Ultimately, my vision is to leave behind a legacy of empowerment and possibility - one where others see my journey and are inspired to create their own, knowing that with dedication, determination, and the right mindset, anything is achievable," Dedic states. About Adnan Dedic Adnan Dedic is a real estate entrepreneur based out of southwest Florida. Affiliated with the world-renowned real estate company Compass, he made $71,500,000+ in sales in 2023 and has sold over $200 million within the last 3 years. Adnan FL SOURCE: Adnan Dedic View the original press release on ACCESS Newswire

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