A visitor from another planet who just looked at the real estate charts and statistics for West Bloomfield Michigan might conclude that this must be a poor area with a badly distressed economy. I suppose that last part might be partially true, but West Bloomfield is anything but a poor area. It i
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03/31/2011
Real Estate in Highland, Michigan has been hammered by the recession and now appears to be going into a second swoon - a double dip. Both Median sold home prices and the Inventory level are back on their way down, after a brief run-up in the 4th quarter of last year. The huge spike in new invento
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03/31/2011
An article by Clara Hill in today's Realty Times release uses statistics released by the National Association of Home Builders to quite confidently discuss events that took place in February. According to her article, sales of newly-built homes declined by a staggering 16.9 percent in February; a
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03/30/2011
According to a recent National Association of REALTORS® (NAR) article, in January, first-time home buyers made up 29 percent of the market, the lowest since NAR began tracking first-time buyers on a monthly basis in 2008. First-time buyers normally make up 40 percent to 45 percent of all purchase
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03/28/2011
"Optimism doesn't mean everything is going to be great. It means that we can respond to everything with greatness." (Elimelech Goldberg) from the blog - http://jackswinningwords.blogspot.com Perhaps this saying that Jack featured today on his Jack's Winning Words blog should be today's words to
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03/28/2011
Inquiring minds want to know - Which market has the higher percentage of distressed home sales West Bloomfield or White Lake, Michigan? How does the cost per square foot for a home sold in Brighton, Michigan compare to that in Milford, Michigan? If I know my SEV in Highland, Michigan, what's the
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03/27/2011
What s the average cost per Sq Ft for a home in Brighton, Michigan so far in 2011? How does that compare to 2010? What's sold so far in 2011 in the Green Oak and Hartland markets right next to Brighton? What's sold in Brighton so far this year? How does the cost per Sq Ft in Brighton, Michigan co
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03/27/2011
Do you know the average cost per Sq Ft is of a home so far this year in the Milford, Michigan market? What's the average SEV multiplier for homes that have sold in the Milford Michigan market? How does that compare to Highland, MIchigan or Commerce, Michigan or Brighton, MIchigan? What percentage
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03/27/2011
I'm in the midst (three months in) of yet another short sale involving the worst bank in America to deal with in that sort of situation and they have proven again why they are still the undisputed champions of short sale misery. Yesterday I got a request to have my buyer (at least I'm on the good
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03/24/2011
Build Starts Down Again - According to figures from the U.S. Commerce Department, housing starts declined 22.5 percent from January. Builders said the decline is due to concerns over interest rates, energy costs, and tightened lending standards. At the same time, the Commerce Department reported
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03/21/2011
