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jay pekala: Ann Arbor Makes Another Top 10 List - 03/10/08 02:37 PM
Foot experts at the American Podiatric Medical Association have chosen the best and worst walking cities in America. Their rankings were posted on March 7, 2008. Ann Arbor made the list!
One of the best benefits of Burns Park and the Old West Side (and a big reason for their popularity) is the proximity to downtown and campus. Residents can walk to restaurants and entertainment without having to search for parking. Now the news will be more widely known with this recent announcement. I think it's great to note that Ann Arbor (with 114,000 people) has the second smallest population, behind Cambridge's 101,000. The … (0 comments)
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jay pekala: Is The Spring Market Here Yet? - 03/07/08 03:56 PM
I've seen some increased Open House activity in the Ann Arbor area over the last few weeks, and I've added some listings to my inventory with more to follow. It feels like spring is here.
What's the buzz right now? The most recent report I heard is that Ann Arbor will level out this year and even have a 2% appreciation overall. I can see that in some popular areas like the Old West Side or my neighborhood Burns Park, but will we see an increase in surrounding areas? With the condo market down so much right now over last year, I … (2 comments)
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jay pekala: Proposed High-Rise at South University and Forest - 03/05/08 06:39 PM
Developers Dan Ketelaar and Ron Hughes propose to build a 22-story high rise and a connect 15-story tower at the corner of S. Univeristy and Forest. The site is a large portion of the block where Village Corner, the Bagel bakery, Park Plaza Apartments, Student Bike Shop, Cahmpion's Convenience Mart and two rental houses now stand. The building would be apartments, primarily students with retail space on the ground level.
There will be a working session of the Planning Commission on Tuesday, March 11th at 7 PM in the 4th floor conference room of City Hall. The public may attend, and no … (0 comments)
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jay pekala: January Housing Statistics from the Ann Arbor Board of Realtors - 02/12/08 01:21 PM
February 12, 2008
Ann Arbor Area Board of REALTORS®
According to Lawrence Yun, the National Association of REALTORS®, sales activity is expected to remain soft through the first half of the year despite a generational low in mortgage interest rates. "Household formation was only half of what it should have been last year given the demographics of a growing population and sustained job growth, so there clearly is a pent-up demand from buyers who are on the sidelines," he said. NAR believes that increasing the loan limits for Fannie Mae and Freddie Mac (Economic Stimulus) will bolster the severely stressed housing finance market … (0 comments)
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jay pekala: Kudos to the Fed today - 01/30/08 04:08 PM
With the Federal Reserve cutting the prime interest by a half percent to 3.0%, the real estate stands to benefit soon with lower mortgage rates. This second cut in two weeks is a serious push to stimulate the retail sector. I'm optimistic we'll see a reflection of the lowered rate in the next couple weeks in the mortgage industry. In my experience it is January and February that typically has the lowest mortgage rates. It's a great time for buyers to take advantage of the lower rates to increase their buying power. Who knows how long this could last? Usually by spring the … (0 comments)
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jay pekala: Two NEW Listings in Burns Park - 01/28/08 02:43 PM
2034 Norway just came on the market last Friday. Asking price $575,000. It's 2,200 square feet, 3 bedrooms with 2.5 tiled baths. This Ives Woods charmer was built in 1924 with all the classic detail that makes Burns Park houses unique. French doors, Pewabic tile, leaded windows, plaster walls & ceilings, natural woodwork, and hardwood floors. Formal living room with fireplace, formal dining room, study that opens to a screened porch, kitchen with birch cabinets & breakfast nook. The 85' x 200' lot is over a third of an acre with a 2-car garage and mature trees.
Also new on the market … (0 comments)
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JAY PEKALA, Burns Park/Ann Arbor Expert
Ann Arbor,
MI
More about me…
Edward Surovell Realtors
Address: 3260 Washtenaw Ave., Ann Arbor, MI, 48104
Cell Phone: (734) 646-6369
Email Me
Everything related to the Burns Park neighborhood and nearby area: news, activities, homes for sale, sales history, market trends, and more. Guests are welcome to post information on upcoming events, ask questions about the area, suggest topics for discussion, anything for the benefit of the community.
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