Another Correction in the Michigan Real Estate Market - Sep 09 10:34 PM
Consumers might not notice this readily, but a different kind of correction is taking place in the Southeast Michigan real estate market: agents are quitting the business.
The exodus in the mortgage industry began some time ago, maybe more than a year. With refi business falling off and purchases at a lower rate, mortgage pros were finding it hard to pay the bills. In recent months, we’ve seen large offices shut down and major players announcing ...
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Michigan Market... The Good and The Bad - Aug 20 08:31 PM
So here's the good news. In July, the sale of single family homes increased 8.6% over the same period last year according to the Grand Rapids Association of Realtors statistics (http://www.grar.com/). According to the National Association of Realtors, "a forward-looking indicator based on pending sales of existing homes suggests the market may stabilize in the months ahead." (GRAR bulletin) It truly is a great time to buy, especially if you are looking at a home purchase as ...
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Is Santa Bringing Home Buyers to Michigan This Christmas? - Dec 23 05:29 PM
Overheard in my office more than once in the last two weeks, “Ever since the elections, it’s been like a Spring market.” The elections they are referring to are our Michigan gubernatorial elections in which the incumbent, Jennifer “She Can’t Run For President Because She Was Born in Canada” Granholm, easily defeated her Republican challenger, Dick “George Bush’s Amway Rep” Devos. We had an idea of how Dick could occupy his time for the next few ...
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Ann Arbor, Washtenaw County July 2007 Market Reports - Aug 14 05:00 PM
Wow, for 2 straight months now, the amount of homes listed in Washtenaw County, including Ann Arbor, MI has declined. That is great news. The Pfizer homes that are listed are selling first. Why? As I have posted for months now, they had the benefit of a "loss on sale" clause. So those sellers could price their homes the lowest in the subdivision and those homes are selling the fastest.
Case in point, I closed on ...
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Ann Arbor Michigan and Washtenaw County June Market Data - Jul 19 04:49 PM
Ann Arbor and all of Washtenaw County continues to feel the effects of the Pfizer move to Conn. These homes are so undervalued that buyers are snapping them up quickly. For instance, I have a transaction closing in August that the sellers paid 525,000 for last year and we are closing at 425,000. That is a great opportunity for my buyers and many other home buyers in Washtenaw County.
The effects of this will take years to overcome and ...
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University of Michigan RSQE Predicts No Recession in U.S. - Nov 18 07:44 PM
Research Seminar in Quantitative Economics
Big word, any clue what it means?
Research Seminar in Quantitative Economics RSQE, is part of the University of Michigan and has been predicting economic forecasts since 1952. They provide economic forecasts in the United States, 7 times a year.
They currently finished their annual conference in Ann Arbor, being held at the Rackham Amphitheater. Saul Hymans is the Director of RSQE and is a widely known economist and emeritus Professor at U.M. in ...
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All of Washtenaw County Housing Reports for 2nd Quarter - Jul 27 05:28 PM
Washtenaw County which includes Ann Arbor, Saline, Dexter, Chelsea, Milan, Manchester, Ypsilanti, and Ypsilanti Township is experiencing 17 months of inventory. The 17 months is determined by the number of houses sold and the number of active listings on the market and how long it will take those houses to sell.
The homes moving the fastest are those homes priced between 100,000 and 199,000. There is only 11 months of inventory for those homes, which bids well ...
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Washtenaw County 1st Quarter Market Reports including Ann Arbor - Apr 08 04:48 PM
1st
Quarter Marketing Reports
Homes are selling in Ann Arbor and Washtenaw County,
but they absolutely
MUST be priced right.
When I say, "priced right", I am not referring to market value. I am
talking below market value. Buyers want a deal, a bargin. The average
sale price throughout Washtenaw County is down to $205,400. When
I started my journey in Real Estate the average sale price
was $269,900. This is down 11% compared ...
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Has the Market Turned? - Mar 25 09:00 PM
After months and months of negative press about the Real Estate Market have we finally turned the corner in the Petoskey Real Estate market? The question has long been when will the market hit bottom, with the answer always being no one will know for sure until the market starts to go up. I believe I have found statistics to prove that we may be on our way back up. In the Petoskey real estate market from January 1, ...
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Flyers with the sign a MUST! - Oct 01 06:51 PM
I am shopping around right now looking for a house and at times on the weekends I will drive from street to street in my desired area where I am searching and if there is not a flyer box with the sign, I will not stop and or call the number on that sign. The house becomes invisible to me bottom line!
Now, that may sound lazy but, I am being honest with you. Along with ...
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2008 Oakland County Assessed Property Values Tumble - Jan 24 07:14 PM
Updated January 25, 2008According to Andrew Sawmiller in the January 23, 2008 edition of The Spinal Column weekly for the Lakes Area of western Oakland County "Lakes Area" assessed property values decreased by an average of single digits in 2008. According to the article, "only two communities in Oakland County did not have a decrease in property value...." (Look under Archives January 23, 2008 for the entire article after the week of January 21 - 26, ...
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2008 Market Outlook in Real Estate - Mar 15 10:49 AM
2007 gave us the mortgage mess that we have all been hearing about it seems forever. Now the markets are predicting that the mortgage mess is almost finished with a majority of the ARM mortgages maturing this spring. With the credit crunch from this fall out mortgages have made it more difficult for buyers in the regard they will need either more money down or a higher credit score to off set higher interest rates. Loans such ...
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Grand Rapids, MI Marketplace 2007 Year in Review - Jan 02 01:45 PM
Market trends show that the West Michigan marketplace was very similar to the 2006 stats. However, last year did see a big increase in short sales and foreclosures in the marketplace. Here's the information and best guess estimates from our local MLS board (Grand Rapids Association of Realtors).Information is deemed reliable, but not guaranteed. The percentages speak for themselves.... Now is the time to buy some truly great deals in Grand Rapids and the surrounding areas ...
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Macomb County MI home sales - a comparison between 2006 and 2007 - Jan 07 10:21 AM
One of the areas that I have been following is how 2007 shaped up in our realestate market in comparison to 2006. I have been pleasantly surprised by what I have discovered in compiling thesenumbers for you. Macomb County actually fared very well in the housing market, andthe number of homes sold during 2007 closely rivaled the sales of 2006. The averagetotal days on market lowered for 2007, showing me once again the home owners in ourarea ...
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How To Avoid Paying Too Much for Your Next Home! - Oct 23 08:25 PM
Buying a home is one of the most exciting moments in life. It can also be one of the scariest. The question in every buyer's mind is: "How Do I make Sure that I'm not paying too much for this house?" In today's market, this is a valid concern.
I was doing some research on line today. Today it's not unusual to see homes which had been reduced tens of thousands of dollars...I'm talking between $20,000 ~ $30,000 and ...
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Kent County Foreclosure Stats 10/22/2007 - 11/22/2007 - Nov 22 10:32 PM
Statistical Breakdown of Kent County Single Family Residenial Foreclosures
October 22, 2007 to November 22, 2007.
Current:
Current Listing As of 10/22/07: 686
Listing Price
Average: $ 89,099.00Low: $ 11,900.00High: $ 759,000.00 Days On Market
Average: 71Low: 1High: 461Square Footage ANSI
Average: 1,365 Sq FtLow: N/A High: 5,601 Sq FtPending:
Listings Pending Between 8/20/07 and 9/20/07: 149
Listing Price
Average: $ 86,295.00Low: $ 9,900.00High: $315,000.00Days On Market
Average: 67Low: ...
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Detroit Michigan area foreclosures decrease 16 percent in March 2008 - Apr 15 06:55 AM
Great news from the great city of Detroit. According to the foreclosure rate in the metro Detroit Michigan area has decreased 16% in March of 2008. Foreclosure statistics continue to improve in the Metro Detroit area.Working with a REALTOR®, buyers are now able to better afford a well priced home. To search for a property in foreclosure in southeast Michigan click here.To read the entire foreclosure article click here.Feel free to contact me with any questions! ...
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Sales Drop 2% March 2008, price right and sell! - Apr 10 05:53 PM
According to the Grand Rapids Association of Realtors sales for the month of March 2008 fell 2%. We all know that the number of buyers is off....we have to have been out of the country or in jail not to have know about the housing sales slump.We are seeing fewer buyers....SO? Do you want to sell? You have to market your home to the buyers that are there.One of the issues that many sellers and buyers are ...
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Market Conditon Traverse City! - Jan 30 12:12 PM
I read an artical today that summed up the conditon of the Traverse City Real Estate Market! It said that there is an old real estate investment axiom that a "Good Deal" is reached over price or terms, rarely both. We have both!!!Has it happend? Real Estate Heaven For Buyers! I think it is here,and if you wait, it will pass you buy. The Traverse City Real Estate Market has reached that perfect buyer-friendly balence where both ...
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Business Networking - Jul 15 09:54 PM
There is definately an art to business networking. Networking with other business professionals in a group setting around a table, an expo, an event, or any format takes a little stepping outside of your box or comfort zone. Talking with new people in fields not pertaining to your own takes a little more than an event with all real estate minded people ie. Mortgage, Realtors, Title Insurance, Appraisers, etc. I myself do a fair share of business ...
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Michigan Will Come Back - Sep 02 01:48 PM
I sell homes as a lawyer and RE/MAX agent in Southeast Michigan. Southeast Michigan has been experiencing a buyers marked for some time and, recently, things have gotten worse due to the number of bank owned homes that have been placed on the market by foreclosing lenders. I recently returned from a family vacation in Harbor Springs, Michigan. One of the most beautiful places on earth. When I was in Harbor Springs, I looked across Little ...
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Macomb County homes sold in November 2007 - Dec 04 04:49 AM
Who says spring and summer are the best times of the year to sell your home in Macomb County?Obviously, the people who owned the homes and condos that sold in November feel otherwise!In Macomb County Michigan homes are selling and a total of 623 owners have sold their home during the month of November. A total of 492 residential homes and 131 condos sold during this period.If you would like specific information regarding the homes that ...
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January Market Update for Condo's in Ann Arbor and Washtenaw County - Feb 20 07:18 PM
The condo market in Ann Arbor continues to have a large amount of inventory. Usually being in the college town of The University of Michigan our condo's have sold well. The list price was up by .5%, but the sales were down by 8.5% from January 2007. In March the residents assigned to the University of Michigan will get their "match letters" and they tend to be big condo buyers. Why? They are too busy to do ...
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A Great Example Of Why A Home Seller Should Not List With The Highest Bidding Realtor - Feb 02 02:43 PM
I am a RE/MAX Associate Broker/Attorney selling homes in the North Woodward Area of Oakland County in Southeast Michigan. Unfortunatley, our market has been declining over the last several years. Approximately nine months ago, I had a listing appointment with a couple in Troy, Michigan who needed to sell their home due to a relocation. I provided them with the then current comparable sales and listing data which they found disappointing as most sellers do in a declining market. ...
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THE SIGN IN THE FRONT YARD! - Jul 15 10:30 PM
OK REALTORS... Real Estate Agents... Real Estate Consultants... Real Estate Professionals, whatever suits you - I wanted to post a blog on how you market your houses listed! All Realtors and All Real Estate companies do it different obviously... but, I live in a growing area surrounded by other growing areas with homes going up for sale left and right - and in Michigan that means left, right, east, west, north, and south - Houses have ...
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HOW DO YOU GET THE MAJORITY OF YOUR BIZ? - Jul 12 06:36 PM
HOW DO YOU GET THE MAJORITY OF YOUR BIZ? Do you get it from networking? How about marketing in the yellow pages or on the internet? Referrals? Well, whatever way you find that you are getting the majority of your business... are you following up on that? Let me know what drives in the calls...what get's you the replies. What is getting you the listing or the application signed? I personally get the majority of my business from ...
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Saginaw Michigan Real Estate Market Stats - Aug 24 08:39 AM
Ray Spitler, GRI, e-Pro (989)737-8042Keller Williams Realty- Saginaw, Midland, Bay City MichiganWebsite: http://MBShomes.com Information Center Automated Updates **If you know anyone who is considering buying or selling real estate, your referral is the greatest compliment I can receive. Thank you! ...
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Oakland County Residential Home Sales Increase Slightly - Jan 08 07:59 PM
Preliminary numbers for residential homes sold in Oakland County Michigan indicate a slight increase in sales during 2007. According to my search of all residential homes sold by Realtors® (based upon all homes listed and sold by all real estate companies and recorded on Realcomp II Ltd as of January 8, 2008)
During 2007 there were 10328 homes sold as compared to 9991 homes sold during 2006. Median sale prices decreased almost 10 percent in relation to ...
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Buying Foreclosures - Sep 17 08:33 PM
As you hear every day on the News, Foreclosures are an ever increasing portion or the Grand Rapids Real Estate market. Foreclosures in general are a good real estate investment, but in a market flooded with homes and foreclosures, they can become a great real estate investment. When dealing with foreclosures and bank owned properties, there are a couple of things to remember. 1. The bank has no Emotional Attachment to the property. ...
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Market Condition Traverse City - Nov 07 09:12 AM
This is what is happening in the Traverse City Real Estate Market! There are 1518 single family residential homes in Grand Traverse County for sale. There are 489 Condos for sale. Here is the break down as of today November 7, 2007.Single Family Pending = (61 Total Pending) $10,000-$100,000 = 10 Homes$100,000 - $150,000 = 24 Homes$150,000 - $200,000 = 7 Homes$200,000 - $300,000 = 11 Homes$300,000 - UP = 7Condos Family Pending = (28 Total Pending) $10,000 ...
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Grand Haven, Michigan SOLD Market Report 2006-2007 - Jan 04 04:47 PM
Grand Haven, MichiganResidential SOLD Market Statistics Report2006 - 2007 ComparableYear Units Sold Av. List Price Av. Sold Price Av. Market Time % of List Price2007 355 $223,332 $212,905 106 Days 95.33%2006 343 $214,347 $204,591 109 Days 95.45% All information deemed reliable, but not guaranteed. All representations are approximate and individual verification is recommended. Information from Rapattoni CorporationIf you are considering selling or buying a home in the West Michigan Lakeshore areas Call Renee Parker, Coldwell Banker Woodland Schmidt ~ ...
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Newaygo County Waterfront Home Values - Is It A Good Time To Buy or Sell? - Dec 08 09:41 AM
Is it a good time to buy or sell a waterfront home in Newaygo County Michigan?
Based on statistics derived from the Grand Rapids Multiple Listing Service it's a great time to buy a waterfront home!!
The average sale price for waterfront homes in Newaygo County has seen a slight increase from 2006 statistics, on the other hand, the average sale price for waterfront homes in Newaygo County has seen a slight decrease from 2005 statistics.
Average Sale Price 2007 $188,8762006 $187,9562005 ...
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Michigan Mortgage Rates adjustable 3 year and 5 year fixed - Jul 03 01:36 PM
Michigan mortgage rates for 5 year and 3 year fixed adjustable rate home loans Warning, unlike the last couple of weeks, ARM rates are not particularly rewarding compared to a 30 year fixed. 5 Year: I would offer 6.00 %/7.244% apr 3 year: I would offer 5.875%/7.498% apr Assumes 30 year fixed mortgage with a $200k loan amount and a $250k home value, 1% origination fee with a 30 day rate lock. Based on ...
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Michigan Mortgage Rates 30 year fixed 7/3 - Jul 03 01:31 PM
30 year fixed Michigan mortgage rates I would offer 6.25%/6.477% apr Assumes 30 year fixed mortgage with a $200k loan amount and a $250k home value, 1% origination fee with a 30 day rate lock. Based on a rate and term refinance with escrows, and that you meet conforming mortgage guidelines. Rates may vary based on loan size and credit score. To obtain more information and a to receive a quote specific to ...
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Michigan mortgage rates for 0 down, zero down, no down payment loans 7/2/07 - Jul 02 02:34 PM
Four zero down options for Michigan buyers: No points (Options based a full income and asset documentation loan on $200k purchase price no points or origination fee and standard closing costs. Rates and costs and mortgage insurance may vary based upon loan size and credit score. Some options may have an origination fee) First and second piggy back mortgage: (Based on credit score of 700) (Structured as either a 80/20 or 75/25 This is ...
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Michigan mortgage ARM rates 3 and 5 year fixed 7/2/07 - Jul 02 02:10 PM
Michigan mortgage rates for 5 year and 3 year fixed ARMS 5 Year: I would offer 5.875 %/7.119% apr 3 year: I would offer 5.75%/7.373% apr Assumes 30 year fixed mortgage with a $200k loan amount and a $250k home value, 1% origination fee with a 30 day rate lock. Based on a rate and term refinance with escrows, and that you meet conforming mortgage guidelines. Rates may vary based on loan size and ...
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Michigan Mortgage Rates 30 year fixed 7/2/07 - Jul 02 02:08 PM
30 year fixed Michigan mortgage rates I would offer 6.25%/6.477% apr Assumes 30 year fixed mortgage with a $200k loan amount and a $250k home value, 1% origination fee with a 30 day rate lock. Based on a rate and term refinance with escrows, and that you meet conforming mortgage guidelines. Rates may vary based on loan size and credit score. To obtain more information and a to receive a quote specific to ...
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Latest Market Reports through June 2007 - Jul 02 08:01 AM
Here's the latest market reports as reported through the Grand Rapids Association of Realtors (GRAR) board.Information is based January - June 2007 and compares this year with last year. If you have any questions, please feel free to contact me.Single Family and Condo ReportPrice #Sold through June $0 to $ 99,999 1223 $100,000 to $199,999 2428$200,000 to $299,999 525$300,000 to $399,999 167$400,000 to $499,999 53$500,000 and over 77 New Listings Jan ...
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Market UpDate for the week of July 1st - Jul 02 06:52 AM
This week brings us the release of very few economic reports for the markets to digest. There are only three monthly reports scheduled for release that are likely to affect mortgage rates, but one of them is arguably the most influential single piece of data that we see each month. This is a shortened trading week with the markets closed Wednesday and an early bond market close Tuesday in observance of the Independence Day holiday. The ...
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February Posts Increased Home Sales - Mar 12 11:13 PM
Did you see the headlines in the Business section of the Detroit Free Press this morning? Feb. home sales leap 12.8% Citing statistics from Realcomp, our local real estate MLS, 3,591 homes and condos in the Detroit Metro area were sold in February 2008 versus 3,184 in February 2007. President Karen Kage acknowledged with prices being "down as much as 15% in some areas and interest rates stabilizing, buyers are beginning to step forward." On the local ...
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2007 Washtenaw County Housing Market Report - Jan 20 06:25 PM
Year-end information for Washtenaw County home sales is now available. Home sales dropped in number for 2007 when compared to 2006, dropping from 3,345 to 3,062 (or 8%) and condominium sales dropped from 761 in 2006 to 660 (13%) in 2007.Sales volume (total dollar value of all sales) on houses went from $866,132,966 in 2006 to $766,375,165 - an 11.5% drop. In the condominium category, volume dropped from $135,160,039 to $119,784,350 - an 11.3% drop.There was ...
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Foreclosure Boot Camp DVD Training Course now Available on CD - Jan 13 06:36 PM
If you missed, Mark's Foreclosure Boot camp last February, you missed a great learning experience about how to tap the foreclosure market for real estate investment. If you're involved in a foreclosure situation, you also missed an opportunity to learn the ins and outs of the foreclosure experience, and perhaps a way to remedy your own situation. This set of four DVD's presents a six-hour distillation of the "roll-up-your-sleeves-and-get-involved" workshop that peels back the myths and mysteries ...
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December 2007 and Year-End Market Report - Jan 13 10:43 AM
(c) Robert Smith, 2008
Analyzing data released by the RealComp multi-list system to its members, it appears that Livingston County finished 2007 with an small upswing.
While homes (single-family houses and condominiums) on the market were down by almost 7% from the same period in 2006 (419 homes vs. 450), total listings on the market, which includes vacant land, multi-family and commercial listings, were dead even (4698 for 2007 vs. 4695 in 2006).
In December, there was a ...
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michigan mortgage rates 0 down, zero down, no downpayment - Jun 28 01:34 PM
Four zero down options for Michigan buyers: No points (Options based a full income and asset documentation loan on $200k purchase price no points or origination fee and standard closing costs. Rates and costs and mortgage insurance may vary based upon loan size and credit score. Some options may have an origination fee) First and second piggy back mortgage: (Based on credit score of 700) (Structured as either a 80/20 or 75/25 This is ...
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Michigan Mortgage rates 3 year and 5 year fixed arms 6/28 - Jun 28 01:29 PM
Michigan mortgage rates for 5 year and 3 year fixed ARMS 5 Year: I would offer 6.00 %/7.244% apr 3 year: I would offer 5.75%/7.373% apr Assumes 30 year fixed mortgage with a $200k loan amount and a $250k home value, 1% origination fee with a 30 day rate lock. Based on a rate and term refinance with escrows, and that you meet conforming mortgage guidelines. Rates may vary based on loan size and ...
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Michigan Mortgage Rates 30 year fixed 6/28 - Jun 28 01:27 PM
30 year fixed Michigan mortgage rates I would offer 6.375%/6.54% apr Assumes 30 year fixed mortgage with a $200k loan amount and a $250k home value, 1% origination fee with a 30 day rate lock. Based on a rate and term refinance with escrows, and that you meet conforming mortgage guidelines. Rates may vary based on loan size and credit score. To obtain more information and a to receive a quote specific to ...
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michigan mortgage rates 0 down, zero down, no downpayment 6/27 - Jun 27 02:35 PM
Four zero down options for Michigan buyers: No points (Options based a full income and asset documentation loan on $200k purchase price no points or origination fee and standard closing costs. Rates and costs and mortgage insurance may vary based upon loan size and credit score. Some options may have an origination fee) First and second piggy back mortgage: Due to changing market conditions call for quote One loan no PMI (Based ...
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Michigan mortgage rates 30 year fixed 6/27 - Jun 27 02:22 PM
30 year fixed Michigan mortgage rates I would offer 6.375%/6.54% apr Assumes 30 year fixed mortgage with a $200k loan amount and a $250k home value, 1% origination fee with a 30 day rate lock. Based on a rate and term refinance with escrows, and that you meet conforming mortgage guidelines. Rates may vary based on loan size and credit score. To obtain more information and a to receive a quote specific to ...
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Spring real estate market shows improvements over last year in Southeast Michigan - May 07 04:30 PM
Great news just released from Realcomp MLS April 2008 Residential and Condo SALES Summary by Area/CountyApril, 2008 vs. April, 2007 Percent ChangeALL MLS 4,671 vs. 4,064 14.9% UpCity of Detroit 932 vs. 544 71.3% UpLivingston 161 vs. 165 2.4% DownMacomb 650 vs. 494 31.6% UpOakland 1,102 vs. 1,003 9.9% UpSt. Clair Area 102 vs. 118 13.6% DownWayne 1,774 vs. 1,418 25.1% UpApril 2008 Residential and Condo PENDINGS Summary by Area/CountyApril, 2008 April, 2007 Percent ChangeALL MLS 6,822 vs. ...
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GOOD NEWS for Michiganders - May 02 04:02 PM
Governor Granholm recently signed 3 HUGE sigificant pieces of realtor supported legislation. House Bill 4215 ( how do you spell relief?)1. Enables sellers to retain 2 principal resident exemptions for property still on the market after the seller has moved elsewhere in the state. The seller fcan retain an additional exemption for up to three uears on properety previously eexempt as the owner's principal residence if the following circumstances are met:**the property is not occupied**the property is ...
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MI Market Notes - Apr 19 03:00 PM
Quick notes from the MI Broker Summit
Market Trends and Forecast
Lawernce Yun, Ph D Chief Economist
Prices are declining but not as fast as they appreciated. Homes sales are rising bringing down the inventory and stabalizing prices. The market is expected to start correcting now and finish in 2009.
Top 2 reasons for foreclosure:
•1. Loss of jobs (Michigan has loss jobs for 7 straight years)
•2. Home prices declining, people just walking away when the price declines
Now that homes are ...
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Flint Michigan Sells More Repos Than Owner Occupied Homes - Apr 16 07:38 PM
Of the 1101 homes closed on in Genesee County Michigan this year only 460 were owned by civiliians, the rest bank owned foreclosures. I am shocked. In 2005 Foreclosures made up less than 20% of the market and the average sales price was in the high $130's. The average price is now less than $74,000.What scares me is that Flint was one of the first to fall, and many markets are playing catch up on the foreclosures, how many markets ...
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I can help you sell your houses! (Genesee County, MI) - Apr 12 05:15 PM
As most of you already know, and unfortunately are experiencing the real estate market has taken a turn for the worst and investors don't see it turning around anytime soon. Many home owners in the area are knocking off tens of thousands of dollars off their asking price and still not finding a buyer. I have a way to help you sell your home faster and save money doing it.
What can I offer ...
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Flint MI Area Assocation of Realtors Mar. 08 stats are in! - Apr 11 01:50 PM
Average selling price for Mar. 08 $86,867.00, YTD $81,061.34For every 1 home sold, 15 are approx. available in Mar. 08. There are approx. 6692 homes listed in Mar. 08, in Mar. 08 there were 7072. HUD homes are not included in the 08 stats.
These stats are flint the Flint Area Association of Realtors MLS system. These stats do not include the listed HUD homes or recently sold HUD homes.
...
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European Real Estate Investors Take Interest in Metro Detroit - Mar 11 04:53 AM
When I first landed in the Former Soviet Union in 1992, the average wage was probably about $20 a month and investment was a new concept. Early “business men” were thought of as thugs, and the notion of capitalism was still very foreign. In fact, as a Peace Corps Business Advisor, I was there to help capitalism find it’s footing. Fast forward to 2008. I am back in the US with my “Ultimate Souvenir” from 8 ...
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February 2008 Homes Sales up in Southwest Michigan - Mar 10 09:11 PM
A breath of fresh air in the Real Estate Sales market in Southwest Michigan! February results as posted by the Southwest Michigan Association of Realtors reveal that the total volume of sales in the service area rose from $29,357.147 in February of 2007 to $30,275,711 in 2008, for an increase of 3%. The overall Average sale price increased by 9%, from $166,802 to $181,292. Average days on market has risen to 142 days, up from 129. ...
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Michigan Forclosures on the decline - Feb 28 08:50 PM
New news. The foreclosure rate in Michigan has appeared to decline. In a Detroit News article published 02/27/2008, properties entering into foreclosure in Michigan are declining. Now is the time to buy before the market prices increases. I believe that many buyers now the fence and choose not to buy now, will be kicking themselves for not jumping and and buying in March of 2008. The worst could be over.Click here for the full articleContact me to ...
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Fix up Foreclosure properties in Macomb County Michigan - Feb 28 07:53 PM
Now is the time to fix up foreclosures. I can assist you if you would like to fix up foreclosures and sell them! Search for Macomb County Michigan foreclosures, bank owned, REO or HUD properties in Macomb County, Michigan. Be sure to visit FixUpForeclosures.com for a long list of properties available.Now is the time to fix up a foreclosure in Macomb. Choose a house or condo. Financing is available today. There are many opportunities to own ...
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Macomb County Michigan foreclosure houses and condos - Feb 28 07:37 PM
Macomb County Michigan foreclosure, bank owned, HUD, or REO properties in Macomb County, Michigan. Be sure to visit MacombForeclosures.comThere are many opportunities to own an affordable home in Macomb, County Michigan. Now is the time!I can assist you in your foreclosure, HUD or REO home. Financing is available. Why rent to own? I look forward to helping you in Macomb County, Michigan."Lookin' to SAVE? Call DAVE!"David Elya586-286-3283 ...
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January Market Update for Ann Arbor and Washtenaw County - Feb 20 06:56 PM
January 2008 was a good month for closings in Ann Arbor and Washtenaw County. We are up 10% compared to January 2007. Even better news for home sellers is that the number of listings was down 13%. The homes with the best value, perceived by the buyers are still selling and selling first. For home sellers that can't walk into closing with money to help pay off their mortgages and must stay at a certain price it ...
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2007 Charlevoix County Real Estate Market Statistics - Feb 18 05:06 PM
In Charlevoix County, 353 residential sales were reported in 2007, down from 390 sales in 2006, a decline of nearly 10%. The average sales price actually increased, from $256,501 in 2006 to $261,326 in 2007. The median sales price declined approximately 6%, from $155,000 in 2006 to $145,000 in 2007.
Note: Market information courtesy of Emmet Ass'n of Realtors. Charlevoix County real estate sales include single family homes, farms and condominiums.
...
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2007 Emmet County Real Estate Market Statistics - Feb 18 05:00 PM
In Emmet County, 436 residential sales were reported in 2007, down from 496 sales in 2006, a decline of more than 12%. The average sales price declined from $344,021 in 2006 to $320,377 in 2007. The median sales price actually increased, however, from $189,079 in 2006 to $190,000 in 2007.
Note: Market information courtesy of Emmet Ass'n of Realtors. Emmet County real estate sales include single family homes, farms and condominiums.
...
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Lansing Area Real Estate Update, Tips, and Tools - Jan 18 08:02 PM
I am beginning to see more activity in sales around the Lansing area compared to last year at this time. It appears that the buyers are getting off the fence, realizing that when interest rates are below 6% it's time to make their move. The National Association of Realtors has launched a new website reaching out to consumers with the facts about home ownership and the value of real estate as a long-term investment. I encourage you to ...
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Good News in Real Estate, Delhi Township, Holt and Greater Lansing Area - Jan 12 10:39 AM
It's alway nice to pickup some news that gives a positive slant on the future for real estate investing. Here are three recent headlines that certainly attracted my attention. We need to change the perception, don't you think?1. NAR forecasts stable home sales in 2008 2. Stable existing home sales in 2008 and then rise!!!3. The housing "correction" process is well underwayDelhi Township, Holt area has always had plenty to offer with real estate growth and still ...
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Home Buyers: How to Save Time and Stress - Jan 11 05:06 PM
We have all seen the negative media coverage with regards to the real estate market, in the Metro Detroit Area, and throughout the country. And although the current real estate market is in a state of disarray, I am here to tell you that it is nearly impossible to buy a flawless home for less than 50% of its market value. You can find amazing homes that can purchased at a tremendous discount. However, these ...
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Barclay Subdivision, Novi Real Estate, Michigan neighborhood update - Jan 06 06:30 PM
2 homes have sold in the last year with an average price of $550,000after being on the market an average of 140 days.Remember when you price your home right it will not sit on the market as long. So if you have to move call me for the latest market analysis of your Oakland County subdivision.If you want other Novi subdivision updates or city of Novi information go to my website http://www.russravary.com/ You can get buyers tips, sellers ...
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Lansing Housing Market 2007 Update and 2008 forecast - Jan 02 07:19 PM
The stats are in on 2007 vs. 2006 for the greater Lansing real estate market, based on searching residential sold units off the MLXchange for 2007 I found 4248 residential sales with and average sale price of $143,000.00 compared to 2006 having 4933 sales at an average sale price of $153,618.00. Units are down 14% while average sale price is down 7% over one year. So don't believe what you read, it's hogwash, spin, and dirty ...
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Investors - Be Careful Out There! - Jan 02 07:18 PM
This afternoon, I dropped off an executed purchase agreement to an area lender who was working with a buyer. While there, I took a few minutes to compare notes with the loan officer. We talked about the housing market in general, the tightening of requirements by underwriters, and our prospects of what 2008 will hold for the industry.
The talk came around to investors who are having the same problem that many homeowners are experiencing - time ...
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12/27/02 - Michigan Mortgage Situation Improving According To National Association of Realtors ® (NAR) - Dec 27 03:32 PM
"The market in southwest Michigan is still well and good. This has not been a bad market year. We had the best year in MLS history last year and that pace would be hard to match. We currently are on par with the fourth-best year that we have ever had since we started our record keeping in 1978," stated Gary Walter, executive vice president of the Southwestern Michigan Association of Realtors Inc.
After a double-digit decline in ...
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Over 200,000 Foreclosed Homes in Michigan (and Counting) - Dec 15 07:20 PM
Can Michigan Real Estate Get Any Worst? Will It Get Any Better? Livonia, MI -- Michigan home foreclosures are at an all time high with no apparent end in sight. There are over 100,000 homes for sale in Wayne County alone, not to mention Monroe County, Washtenaw County, Livingston County, Oakland County, etc. These homes can be found at http://www.thequickhomefinder.com/. The vast majority of homes for sale in Michigan have been foreclosed by banks and finance companies after ...
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Kent County Single Family Residential Home Stats For the Month of November 2007. - Nov 30 11:09 PM
Kent County Single Family Homes Statistics
November 1, 2007 through November 30, 2007
Current Listing Stats: Total Homes currently Listed: 5787
Average Listing Price:...... $ 191,714
Minimum Listing Price:..... $ 11,900
Maximum Listing Price:.... $ 7,700,000
Average DOM:...............................115
Minimum DOM:.............................. .01
Maimum DOM:...............................945
Average ANSI Square Footage:...... 1610
Minimum ANSI Square Footage:.... N/A
Maximum ANSI Square Footage:..18,000
Pending Listing Stats: Total Homes currently under contract: 485
Average Listing Price:.....$ 148,991
Minimum Listing Price:...$ 9,900
Maximum Listing Price:..$2,650,000
Average Contract Price:...$ 142,356
Minimum Contract Price:...........N/A
Maximum Contract Price:$2,600,000
Average DOM:.......................... 92
Minimum ...
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Livingston County Market Statistics Through October 2007 - Nov 25 04:53 PM
These figures have been reported by out Multi-List System (MLS), RealComp, and are for residential units (homes and condominiums) in Livingston County through October 2007:
Total Listings 2007 2006 Difference Result 7414 7218 + 2.7% More Homes On The Market
Number of Sales 2007 2006 Difference 1462 1689 - 13.4% Fewer Homes Are Selling
Median Sale Price 2007 2006 Difference $200,694 $218,300 - 8.1% And They're Selling For Less
Avg Days on the Market (Time to Sell) 2007 2006 Difference 148.4 137.5 - 7.9% And Taking Longer To Sell
More foreclosures and short sale homes are ...
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Livingston County Market Report - Nov 04 06:19 PM
Here's a market report for Livingston County as of 10/19/07.
SINGLE FAMILY RESIDENCES
TIME PERIOD # OF SALES MEDIAN SALE PRICE
Sept 2007 163 $190,000
Sept 2006 235 $220,000
Aug 2007 171 $185,000
Aug 2006 302 $207,750
2007 YTD 1186 $190,000
2006 2752 $205,000
Research states our market will start to see an improvement by 4th quarter 2008.
To search for all Michigan real estate, visit my website: www.clickthishome.com.
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Grand Rapids, Michigan Market Stats - Nov 03 09:46 PM
Here's the latest market reports as reported through the Grand Rapids Association of Realtors (GRAR) board.Information is based January - October 2007 and compares this year with last year. If you have any questions, please feel free to contact me.Single Family and Condo ReportPrice #Sold through October $0 to $ 99,999 2370 $100,000 to $199,999 4370$200,000 to $299,999 1001$300,000 to $399,999 ...
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Metro Detroit Market Snapshot 8/06 VS 8/07 - Oct 16 07:18 PM
Metro Detroit Market Summary
Year to Date August 2006 vs. August 2007
The chance of selling a home in the next 120 days has actually improved in most markets since last year, more of an indication of fewer homes on the market than more sales, but still a healthy sign. The drastic drop in median home values for the City of Detroit is a reflection of the foreclosure/investor market (we are also trying to verify the MLS numbers to ...
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MSHDA helps with Michigan Loans - Oct 15 07:25 PM
MSHDA, Michigan State Housing Development Authority, is on the way to the rescue Michigan homeowners facing the difficult times of delinequent payments, foreclosures and arms due.New refinance programs will include: ARM Assist Refinance - The purpose of this new program is to assist individuals who currently have an adjustable rate mortgage and would like to obtain a fixed rate loan in order to create housing expense certainty. and Missed Payment Refinance - The purpose of this new program ...
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Do You Realize the 4 Warning Signs of Home Foreclosure? - Oct 11 03:26 PM
Wondering if you're going into foreclosure? Here are some warning signs that can help you act before it's too late. 1) Unorganized finances. You don't know where your checks were, or when you wrote the last one. Bills get lost. You don't have a bill paying area. This screams "HELP!", and can be fixed with some new formed habits. 2) You have been taking money from savings to help out for a while. This could be a ...
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Realtor Survey of New Construction Trends - Oct 07 02:47 PM
Bank of America does a monthly survey of Real estate agents across the country. I've been participating in this survey for almost two years and thought that I'd share some of their most recently collected information.Bank of America has graciously granted me permission to share this data with you through this blog.Summary DataOverall, the traffic index (amount of buyers coming through new construction model offices) hit another new low in September, falling in 30 of 40 ...
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Detroit Metro Area Market Update - Sep 27 03:12 PM
August sales showed some effects of the mortgage market upheaval, dropping about 10% off the pace we have seen for the past six months. The effects of the mortgage market will continue for the balance of the year as the markets stabilize. Our metro area will not be as affected by the reduction in mortgage money as other markets, but we will see some changes. With the average home value in excess of $400,000, California has ...
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Kent County Foreclosure Stats 8/20/07-9/20/07 - Sep 20 09:52 PM
Statistical Breakdown of Kent Count Foreclosure from August 20th, 2007 to September 20th, 2007
Current:
Current Listing As of 9/20/07: 576
Listing Price
Average: $ 96,333.00Low: $ 14,900.00High: $759,000.00 Days On Market
Average: 62Low: 1High: 398Square Footage ANSI
Average: 1523 Sq FtLow: 550 Sq FtHigh: 4447 Sq FtPending:
Listings Pending Between 8/20/07 and 9/20/07: 105
Listing Price
Average: $ 84,404.00Low: $ 12,900.00High: $279,900.00Days On Market
Average: 59Low: 1High: 201Square ...
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Made Myself "THE SOURCE" - Sep 20 03:57 PM
Hello... My name is Keith Stonehouse, VP with Franklin Title Agency and Notable Real Estate Networker and avid referral giver!!! I have worked hard to think outside the box in getting business for my clients. Getting my clients (Realtors and Loan Officers) business through building referral websites, profiles, and hosting networking events & seminars to drum up borrowers and buyers! In doing so I generate an avg. of 2-6 referrals daily for my clients. Honestly, some ...
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A Testimonial to Myspace Business Networking - Sep 17 04:05 PM
Thanks to Myspace... I have just passed my 50th referral for Real Estate and getting Mortgages Approved!! I have put a lot of people into homes and gotten them approved for mortgages through my clients (Realtors and Loan Officers) Thanks again everyone / my friends on Myspace! This is great to see in an otherwise struggling time here in Michigan! : )If you or anyone you know is looking for a home, looking to sell ...
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Livingston County Market Statistics Through August 2007 - Sep 16 06:45 PM
These figures have been reported by out Multi-List System (MLS), RealComp, and are for residential units (homes and condominiums) in Livingston County through August 2007: Total Listings 2007 2006 Difference Result 6201 5897 + 5.2% More Homes On The MarketNumber of Sales 2007 2006 Difference 1166 1343 - 13.2% Fewer Homes Are SellingMedian Sale Price 2007 2006 Difference $203,136 $222,181 - 8.6% And They're Selling For LessAvg Days on the Market (Time to Sell) 2007 2006 Difference 148.9 132.5 + 12.4% And Taking Longer To SellMost consumers have read about ...
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Buyer market continues in Macomb County Michigan - Sep 15 09:23 PM
The buyer market continues in Macomb County Michigan. Now is a great time to buy your first home! If you always wanted a larger home, now may be the best time to improve. Many sellers are willing to assist you in your purchase. They will pay a portion of your closing costs as well.Contact David Elya today. ...
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michigan jumbo mortgage rates 8/29/2007 purchase or refi stated income available - Aug 29 03:51 PM
Michigan jumbo mortgage rates for 5 year and 7 year fixed ARMS Stated income no hit for borrowers with scores over 700!!! I am not currently recommending jumbo fixed rate products in all but a very few cases going to the conforming limit of $417k and taking a second for the difference will give you a lower blended rate. 5 Year ARM: I would offer 6.125%/6.551% apr 7 year ARM: I would offer 6.25%/6.542% apr ...
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Michigan no cost fixed rate mortgage 8/29/2007 - Aug 29 03:49 PM
Michigan no cost mortgage, Michigan no fee mortgage, Michigan no closing cost mortgage Assumes 30 year fixed mortgage with a $200k loan amount, rate and term refinance with escrows, and that you meet conforming mortgage guidelines. Rates may vary based on loan size and credit score. I would offer 6.75%/6.75% apr Remember a no cost loan still has costs the lender, bank or broker, just pays for them out of the ...
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Michigan mortgage rates 30 year fixed 8/29/2007 - Aug 29 03:47 PM
30 year fixed Michigan mortgage rates Take advantage of the recent drop in rates to refinance and lock in your ARM!!! I would offer 6.125%/6.287% apr Assumes 30 year fixed mortgage with a $200k loan amount and a $250k home value, 1% origination fee with a 30 day rate lock. Based on a rate and term refinance with escrows, and that you meet conforming mortgage guidelines. Rates may vary based on loan size and credit ...
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michigan jumbo mortgage rates 5 and 7 year ARM 8/27/2007 Purchase or Refi; stated income optional - Aug 27 03:16 PM
Michigan jumbo mortgage rates for 5 year and 7 year fixed ARMSStated income no hit for borrowers with scores over 700!!!I am not currently recommending jumbo fixed rate products in all but a very few cases going to the conforming limit of $417k and taking a second for the difference will give you a lower blended rate. 5 Year ARM: I would offer 6.125%/6.551% apr 7 year ARM: I would offer 6.25%/6.542% apr Assumes a ...
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michigan mortgage rates NO COST 8/27/2007 LOCK IN YOUR ARM - Aug 27 03:05 PM
Michigan no cost mortgage, Michigan no fee mortgage, Michigan no closing cost mortgage Assumes 30 year fixed mortgage with a $200k loan amount, rate and term refinance with escrows, and that you meet conforming mortgage guidelines. Rates may vary based on loan size and credit score. I would offer 6.75%/6.75% apr Remember a no cost loan still has costs the lender, bank or broker, just pays for them out of the ...
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Michigan mortgage rates 30 year fixed 8/27/2007 Lowest rates in months - Aug 27 03:03 PM
30 year fixed Michigan mortgage rates Take advantage of the recent drop in rates to refinance and lock in your ARM!!! I would offer 6.125%/6.287% apr Assumes 30 year fixed mortgage with a $200k loan amount and a $250k home value, 1% origination fee with a 30 day rate lock. Based on a rate and term refinance with escrows, and that you meet conforming mortgage guidelines. Rates may vary based on loan size and credit ...
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michigan no cost mortgage 8/24/2007 LOCK IN YOUR ARM - Aug 23 03:34 PM
Michigan no cost mortgage, Michigan no fee mortgage, Michigan no closing cost mortgage Assumes 30 year fixed mortgage with a $200k loan amount, rate and term refinance with escrows, and that you meet conforming mortgage guidelines. Rates may vary based on loan size and credit score. I would offer 6.75%/6.75% apr Remember a no cost loan still has costs the lender, bank or broker, just pays for them out of the ...
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Michigan Jumbo mortgage rates 5 and 7 year ARM's 8/24/2007 Stated income available - Aug 23 03:28 PM
Michigan jumbo mortgage rates for 5 year and 7 year fixed ARMSI am not currently recommending jumbo fixed rate products in all but a very few cases going to the conforming limit of $417k and taking a second for the difference will give you a lower blended rate. 5 Year ARM: I would offer 6.125%/6.551% apr 7 year ARM: I would offer 6.25%/6.542% apr Assumes a $650k loan amount and an $813k home value, and ...
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michigan mortgage rates 30 year fixed 8/24/2007 LOCK IN YOUR ARM - Aug 23 03:17 PM
30 year fixed Michigan mortgage rates Take advantage of the recent drop in rates to refinance and lock in your ARM!!! I would offer 6.25%/6.414% apr Assumes 30 year fixed mortgage with a $200k loan amount and a $250k home value, 1% origination fee with a 30 day rate lock. Based on a rate and term refinance with escrows, and that you meet conforming mortgage guidelines. Rates may vary based on loan size and credit ...
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ASKING FOR REFERRALS - Aug 22 10:18 PM
I have been Networking for years now and done very well with it, I actually teach others in doing so and attend 1-2 events daily from morning til night (my girlfriend is not a fan lol) but, I meet a ton of people everyday referring me to local Realtors and Loan Officers. I also work hard to provide and supply leads and referrals to my Loan Officers and Realtors everyday! WHAT DO YOU DO TO GENERATE REFERRALS ...
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A meetup coming: Offering a tour of Inkster Michigan to learn the area and investment opportunites - Aug 21 09:41 PM
Here is the link to the meetup on "Location is Everything" :http://realestate.meetup.com/571/calendar/6089635/ You'll love this. Instead of just showing homes we will explore the area of Inkster/Dearborn Heights and I'll point out some homes from the very cheap( 5,000 up to six figures) This is a way you can learn about an area before investing. We had a meetup recently where I took a group out to do BPO(Broker Price Opinion) and we had a great time. ...
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Michigan no cost mortgage rates, no fee, no lender fee 8/21/2007 LOCK IN A GOOD RATE ON YOUR ARM - Aug 21 04:06 PM
Michigan no cost mortgage, Michigan no fee mortgage, Michigan no closing cost mortgage Assumes 30 year fixed mortgage with a $200k loan amount, rate and term refinance with escrows, and that you meet conforming mortgage guidelines. Rates may vary based on loan size and credit score. I would offer 6.75%/6.75% apr Remember a no cost loan still has costs the lender, bank or broker, just pays for them out of the ...
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Michigan jumbo mortgage rates: 5 year and 7 year ARM's 8/21/2007 - Aug 21 03:59 PM
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