The IRS recently provided additional clarification regarding documentation requirements on the First-Time Homebuyer Credit. From the IRS Web site comes this guidance: The IRS encourages buyers seeking the homebuyer credit to sign the settlement statement when they file their tax return -- even in
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02/22/2010
The South Lyon and Lyon Township market is one of the few in the area where new building is still going on. It may have slowed quite a bit, but it is still going on in several big developments in the township and city. As you can see on the chart below, the trend in Median sale prices in South Ly
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02/22/2010
Commerce Township is one of the two markets in the areas that I track that had a turn around in the trend line of Median Home Prices - turning upward in early January, 2010, and still tracking in that direction as of today. The inventory line for home in the Commerce Township area is still trendi
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02/21/2010
Join me Sunday, February 21, between 1 PM and 4 PM at the first open house for the great little bungalow at 518 Atlantic St in Milford, Michigan. You can walk to downtown Milford from this 1232 Sqw Ft bungalow that was built in 1925 and has allof the Craftsman style woodwork and hardwood floors
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02/20/2010
The real estate market in White Lake, Michigan has been kind of bouncing along the bottom for the last six months, in terms of home values. They had fallen dramatically over the last few years, but seem to have stabilized. Since the beginning of 2010 there have been 36 sales in White Lake of home
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02/19/2010
I've been researching the new, soon to be in affect guidelines for short sales under HAFA, which is a part of HAMP which is of course part of MHA, which HUD hopes will help distressed homeowners. There seems to be quite a diverse set of reactions to they HAFA Program and it's short sale alternat
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02/19/2010
Highland, Michigan is one of the six local Township markets that I track on a weekly basis. Some of those markets have recently had a sort of revival, turning upward in terms of the median value of homes that have sold. Highland median home values had a renaissance of sorts at the end of last yea
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02/18/2010
I get that question a lot, so I want to show you some of the the charts that I keep on my Web sites and invite you to visit them as often as you'd like to keep up on the market. Below is a chart for the Milford Market, both the Township and the Village, that shows a couple of data trends - one fo
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02/18/2010
After a brief uptick in Q3 of 2009, home values in the Brighton area - both city and township - have returned to the downward slide that has been the hallmark of the local market for some time. Inventory in Brighton is still tracking downward, as it is across the local marekt area. Foreclosures a
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02/17/2010
After falling all of last year, median home values finally took a turn for the better in January and are headed back up. The Lyon Twp/South Lyon area continues to also be a hotbed of new-bulld activity in this area. The South Lyon area is still working off an overhang of foreclosed properties, bu
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02/17/2010
