Fall Market Update for Michigan - 12/20/10 09:16 AM
It is a bit to early to announce a definitive trend but historically the combined October and September sales have been a reasonable indicator of the up coming year (in this case a post tax credit market). Although less than last year, unit sales still showed a reasonable pace (close to 2006 levels), with sales values holding steady since the spring, down about 40% from 05' peak values. It is still a Buyers Market at over 5 months supply, however the number of homes available for sale continues to shrink, helping move us towards stability.
Nationally, both NAR and the Mortgage … (3 comments)

Real Estate Update for Southeastern Michigan - 12/06/10 10:07 AM

… (0 comments)