For some reason, I've had a sudden surge in business. I've had more calls walk ins, whatever in the last three days than I've gotten in the past three weeks. Being the only agent in the office for the past week may have had a little to do with it, but that doesn't explain it all.
I get asked about mortgages all the time, and I talk to people in mortgage trouble a lot. Here is a good resource on the mortgage process, I would suggest anyone visit that site before you consider buying a home.
About the local michigan market? Well, it's a good time to buy, if your credit is in good shape and you can therefore get a loan. The low end buyers ($120,000-) have especially disappeared, and the sellers at the low end are getting nervous. But theres no guarantee that the new home you buy will hold it's value in the next few years. The high end sellers are holding the line in the Brooklyn area....and not selling their homes as a result.