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real estate: 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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real estate: Around the Corner from Burns Park - 02/04/08 08:58 AM
You have to head north toward the University of Michigan campus to walk to shopping and restaurants near Burns Park. There are plenty of cool places to in which to browse and eat. And one of those was recently profiled on The Food Network. While I don't think it's an everyday meal, it is a greasy treat with lots of attitude. Blimpy Burger is a campus institution that you have to experience at least once, and maybe you'll even get hooked. It's about a 5-10 minute walk from Burns Park. Check it out sometime when you're in the mood for a … (1 comments)
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real estate: 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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real estate: 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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real estate: Burns Park Players present BEAUTY AND THE BEAST Live Onstage - 01/28/08 11:41 AM
Fridays February 8 & 15 at 7:30 PM and Saturdays 9 & 16 at 4:30 PM -- The Burns Park Players will present the family fun musical Disney's "Beauty and the Beast" at the Tappan Middle School. Tickets are available at "Morgan & York" on Packard just south of Stadium Blvd. Seats are reserved.
When I first tell people about the Burns Park Players, they tend to have a skeptical response. How can a bunch of busy professionals with little theatrical training from one elementary school area mount an elaborate stage musical, and make it worth watching? Let alone charge admission? Truth … (0 comments)
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real estate: Welcome to the Burns Park Blog - 01/22/08 11:12 PM
Greetings from my new Burns Park Blog. As an active Burns Park resident, I know how much we treasure our homes and the neighborhood. To share that passion, I have created a forum where residents (long-time, new and aspiring) can share information about events, activities, news, restoration, renovation, selling, buying, and anything else that makes Burns Park a great place to live and play. I'm the neighborhood expert and Realtor, and I want to collect and share information that will be helpful and informative for you. I will keep you up-to-date on market trends, houses for sale, and recent sales. If you have something to say or a question to ask, please join … (3 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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