michigan real estate: Thank You Vegas!
- 01/28/10 01:24 AM
Michigan: the cold, barren January tundra that cools the real estate market after gains in the 4th quarter of last year. Well, the city that most people associate Michigan is of course, Detroit. What was Detroit known for? Crime and homocide in the past. More recently, we have been the poster child for the foreclosure fallout. Well Detroit, someone outdid you. Las Vegas now leads the nation as the city with the most foreclosures. Not something we are envious of. The market in Las Vegas had explosive growth in the height of the market in the lead up to the banking … (3 comments)
michigan real estate: The Obama Bounce?!
- 01/22/09 06:38 AM
Hello... We have made it past the Inauguration Day of the newest edition to the long list of citizens who have been elected to the position of President of the USA. No matter who you voted for in this election, most folks in our industry are carefully watching what we as a country are going to do differently to jumpstart our sluggish economy. On Inauguration Day, we saw the market dip about 300 points... not the effect anyone wanted to see. On Day 1 we saw the market gain what it lost and then some. Day 2, as I am writing, … (5 comments)
michigan real estate: 2nd Day, 1st Week, 2009... What's Your Market Look Like?
- 01/06/09 04:17 AM
Hello... Whew! We made it into 2009. This has been a very unique time to be in our real estate industry. We have weathered the "perfect storm" of foreclosures bringing the median home value down, mortgage companies and banks folding- making lending somewhat non-existant, along with some of the highest unemployment rates most states have seen. NAR also reports that "The Pending Home Sales Index in the Northeast dropped 7.2 percent to 63.2 in November and is 14.6 percent below a year ago. In the Midwest the index fell 6.7 percent to 74.2 and is 10.1 percent below November 2007. The … (6 comments)
michigan real estate: Some Positive News from the Media?! Its about Time
- 12/08/08 02:56 AM
Hello... It seems as though the Thanksgiving hangover may be over and we may be waking up without the headache. Its been a while since I have been able to wake up on a Monday and see some good news. We in Michigan are seeing some news that directly affects us locally. It looks as though the government may be 'very likely' to approve a 'bailout plan' for the troubled auto industry to the tune of $15billion. This at least starts a sense of optimism we haven't seen in Michigan in quite some time. As an added bonus, the government is … (0 comments)
michigan real estate: Black Friday! Losing the Buyer's Market?!
- 11/28/08 11:54 AM
Hello... Well another Thanksgiving being over can only lead to one thing... Black Friday. Traditionally, this is the first Friday of the Holiday shopping season and is called such because its the day that retailers all over run sales, promotions, and a ton of marketing to get you in their store and to sell, sell, sell to get out of the red and into the black. This season is seeing a few different things than the past few years in the housing market. We have inventory making a turn with homes selling. We have historic lows for housing prices. We have … (3 comments)
michigan real estate: Real Estate works on Referrals!
- 11/26/08 03:48 AM
Hello... In thinking of the Thanksgiving Holiday coming tomorrow, I thought of all the real estate agents who will be traveling and meeting with families all over the country. What better time to make sure that your family members that may be selling or buying a home in the next year contact a top-selling agent. I love referrals and send out many for folks moving from MI to warmer climates. I would love to use this blog to get a list together of other top producing agents providing great real estate service around the country. Post a comment and let us … (0 comments)
michigan real estate: The NW Michigan Real Estate Market - Thanksgiving Update
- 11/25/08 01:53 PM
So you watch the news?! If you do, you have been seeing the doom and gloom suggested by the media. It doesn't matter if its CNN, MSNBC, or FOX NEWS... all the same fear on each broadcast. I have found a break from the doom and gloom by paying more attention to my local news. The overall picture is that the sky is falling in MI real estate and now... the American auto industry is going to collapse?! My local news runs lead stories about how much snow we got and how the city is planning for growth and development. This … (2 comments)
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