Things in Commerce Township, Michigan seem to have turned around a bit, in terms of median home values with a spike upward in median homes values starting in mid January and continuing through today. It's about time that some markets turned up! The inventory in Commerce like elsewhere in the loca
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02/17/2010
Home values in White Lake, Michigan continue to bounce along the bottom in this market and have turned up in February. Perhaps that is a sign of the bottom for this area and a start back towards a more "normal" market. Let's all hope so. The inventory in the White Lake market continues to fall an
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02/17/2010
After a short winter thaw in value declines at the end of last year median home prices in the market in Highland, Michigan turned down again in January and are still dropping: The inventory also continues to drop in Highland. There is certainly some indication in this area that banks are holding
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02/17/2010
Here's an updated and dynamic look at the market in the Milford, MIchigan area: As you can see we are still on downslope of the big hill on the roller coaster that is the real estate market lately. Home values continue to slide and the median sold price index continues down with them. The invento
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02/17/2010
This morning I posted a blopg entitled "How's the market?" It wasn't a masterpiece, but it was something original that I took the time to write and post and had hoped to get some reaction to and comments upon. Less than 5 minutes after I had posted it and while it was still on the first page of t
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02/15/2010
We talked about "the Discussion" last week, so let's discuss "the Question" this week. Do you ever get that question - "How's the real estate market?" I get it all the time. How do you respond? Do you try to paint a rosy picture or maybe swing too far the other way and descend into gloom and doo
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02/14/2010
Usually when an offer is presented to the sellers they have four possible responses - accept the offer, modify the offer and send it back as a counter-offer, reject the offer or just let the offer expire (if it has an expiration date indicated on it). Locally we also use a response vehicle called
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02/13/2010
In your love life you may not want to have "the discussion"...the "it's not you, it's me" discussion that leads to the big breakup. It's never pleasant, never something that you look forward to, but sometimes it's something that you just need to have in order to move on. The same is sometime tr
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02/12/2010
Fannie Mae recently announced a sales incentive to encourage the sale of their REO properties. Local Michigan Bank Flagstar Bank issues the following guidelines for how the program will work. This new incentive would apply to properties with purchase agreements signed on or after January28, 2010,
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02/12/2010
Today's post is totally off the topic of real estate, but then none of us is completely one-dimensional. With all of the hoopla and news coverage about the Toyota recalls what has been lost in the noise is that all cars are somewhere in the process of shifting over to drive-by-wire systems in maj
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02/11/2010
