Southeastern Michigan real estate
By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
Do I think Metro Detroit home prices have bottomed out? No I don't. I think there will be a continuation of foreclosures that will be hitting the Detroit real estate market. I don't see that slowing down in the near future at all. What I am seeing is that many of the home buyers are people either moving in from out of state, investors, or first time home buyers. So what do I suggest you to do? Do you sit on the sidelines and wait for the bottom or the lowest prices? Well first of all .... how will you know the bottom has been reached. Do you have a "expert in your pocket" None of the "experts" have been able to call it so far. And I don't think anybody can call the bottom until it has happened and then it will be too late. My thoughts are: 1) we have tremendous rates. A full p...
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