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Home Michigan Real Estate Update from North Oak...

Michigan Real Estate Update from North Oakland County

Real Estate Report from ......
Dear Kay,

We hope that 2012 is off to a good start for you.

Our real estate reports are sent out to keep you informed about Real Estate in Clarkston, North Oakland County communities, and beyond.

Contact us at any time for specific questions regarding your homes' value, investment opportunities, and general real estate advise.

Meet us in Michigan!
In This Issue
Homes Sold in Clarkston
Buy vs. Rent Calculator
Absorption Rate Reports
Market Update
Dan Elsea, President of Real Estate One, Brokerage Services - Monthly Market Update sent to his team of Realtors.
Dan's December Market Update
Homes Sold in Clarkston
4th Quarter Report
clarkston house

This report includes Clarkston Homes Sold in the 4th Quarter of 2011. Note the Sold Prices vs the List Price. Homes priced right sold faster and closer to List Price. We noticed an increase in first time home buyers who recognize that buying vs. renting can create monthly savings. While the prices for homes and mortgages remain affordable for buyers, the lower inventories also means.......

NOW is the right time if you are considering selling.
Rent vs. Buy
Foreclosure, Deed in Lieu, Bankruptcy , and Short Sales caused many people to rent homes while they repair their credit scores to an acceptable score that will qualify them for a mortgage.

It has been just the past couple of years that rental rates have sky rocketed while home affordability is now in reach for anybody who has the credit score and employment to qualify.

Rent vs Buy Calculator
Absorption Rates
Supply and Demand
house inventory
Many price ranges in North Oakland County are seeing their lowest supply of homes since 2005. Due to increased consumer confidence and historical low interest rates, real estate sales are on the rise. We had several home buyers up against multiple offers in the last quarter of 2011. See the various township reports below.

3-5 Months Supply or Less = Seller's Market
6 Months Supply = Balanced Market
6+ Months Supply = Buyer's Market
Absorption Rate Reports
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Meet us in Michigan or Visit us in Florida
michiganflorida
Kay Pearson or Robin Cutler
Max Broock - Real Estate One
31 S. Main Street Clarkston, MI 48346

Kay Pearson - Keyes Real Estate
4417 NE Ocean Bouldevard
Jensen Beach, FL 34957
If your home is currently listed with another real estate broker or if you have an exclusive buyer agency agreement with another real estate broker, please disregard this as it is never our intent to solicit the offerings of other real estate brokers and real estate professionals.
Posted Thursday Jan 19