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It's an outstanding buyers market!
 
The summer of 2007 may well be remembered as the "Season of the Negative Headlines" for many of us in the real estate industry in Michigan.   Daily we have been bombarded with the words "mortgage meltdown" and "record foreclosures".It saddens me to realize that the media isn't touting as loud and clearly what a wonderful buyers market Michigan is in, especially Macomb County!As we head into the fall of 2007 in Michigan I am excited for my first time home buyers and "moving up" home buyers.  There is a plentiful supply of available homes across our state and Macomb County is even more enriched.   Buyers now have the luxury of home hunting without having to make a hurried decision. 
(Remember the days of multiple offers the first day of a home being listed on the multilist?)
Home buyers in Michigan and Macomb County do have a various array of mortgage products available to them. Yes the sub-prime mortgage is no more.  That does not mean that you cannot purchase a home.  Simply because one segment of the mortgage market is undergoing drastic changes does not mean that tried and true mortgage products are not available.  FHA/VA mortgages are still with us and ... more

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