michigan real estate: Rock Bar & Grill | Plymouth, Michigan | Business Profile
- 04/23/10 01:34 AM
Located at 844 Penniman in Plymouth, Michigan, the Rock Bar & Grill is a great place to grab lunch during the day or meet up with friends after work. A unique bar and separate dining area set this establishment apart from others in the area. Quickly gaining a reputation for excellent burgers and chicken tenders, the Rock prepares all of its menu items on site. Soups are not just reheated, they are made in the grill's kitchen. View Larger Map Looking for a unique, downtown Plymouth experience? Want to celebrate a new contract with your coworkers or simply gather with … (1 comments)
michigan real estate: Bad News/Good News For Ann Arbor Area Home Owners
- 11/11/08 01:42 AM
The most recent issue of the Michigan Realtor (MAR) is out and has a great article outlining the Michigan housing market compared to the rest of the country. To sum up the article: Michigan did not rise to the housing value heights that other states have; Housing market recovery will likely follow an economic recovery in Michigan; Michigan housing prices are back to 1999/2000 price points. Team366 and this blog have talked about price being king when it comes to real estate sales. The Big House Data summary for the Fourth Quarter 2007 Inventory Report state: Putting the area on … (0 comments)
michigan real estate: Real Estate Chat and Open House - Weekend Schedule
- 07/12/07 01:35 AM
Team366 is at it again! This week, we are featuring three properties from across the Ann Arbor Area: This Sunday, from 1-3pm, hosted by Mr. Harry Kroth, is 624 Riverstone in Chelsea, Michigan. Check out the YouTube video walk through here and learn more about the property through our vFlyer for this property.
Next up is Mr. Jim Tillman who is hosting 2731 Aurora in Ann Arbor, Michigan on Sunday, from 2 - 4pm. Stop by and chat up Jim, he is a wealth of information when it comes to walking through the home buying process. You can learn more about the home here and … (0 comments)
michigan real estate: Team366 Real Estate Chat and Open House: Ann Arbor
- 06/29/07 07:51 AM
It's the weekend! That means that Team366 will be set up for real estate chats across the area this weekend. This week our focus is on Ann Arbor. Mr. Jim Tillman is hosting 2453 Bunker Hill, Ann Arbor Mr. Eric Pointer is hosting 1560 Kuehnle, Ann Arbor Mr. Todd Waller is hosting 2731 Aurora, Ann Arbor For more information, check out our blog. Presented by: … (1 comments)
michigan real estate: Subprime Mortgage Market Fallout and "Six-inch hooker heels." What?
- 06/27/07 10:00 AM
Anyone else see the quote of the day from Inman News? "Six-inch hooker heels" is how Bill Gross of PIMCO, the world's largest bond fund describes the attractiveness of mortgage-backed securities (MBS) and collateralized debt obligations (CDOs) to the ratings agencies. Actually, the whole article is pretty good. Click here for some of my own views on the subprime market and how it will impact our housing market. … (3 comments)
michigan real estate: Real Estate Chat and Open Houses This Sunday
- 06/23/07 07:38 AM
Three excellent properties will be hosting Real Estate Chats and Open Houses this Sunday, June 24th from 2 - 4 pm. First up, in Ann Arbor, is 1560 Kuehnle, hosted by the man himself, Jim Tillman. Here's a quick review of the property itself. As you head west from Ann Arbor towards Chelsea, make sure and stop in and say "Hi!" to Eric Pointer, as he hosts a chat at 624 Riverstone, Chelsea. For more information on this property, slide over to the Team366 blog. Come a little further into Chelsea, and meet me at 3514 St James Place, Chelsea, in Belser Estates. Again, come … (0 comments)
michigan real estate: May 2007 Housing Stats
- 06/14/07 09:05 AM
What appears to be a regular feature on this blog, is the monthly rolling out of Big House Data's housing stats. Well, let June be no exception! From the BHD Executive Summary: The mantra in this market is: price moves homes. Location, price and condition are the traditional three keys to selling real estate. Sellers have ultimate control over two of the three. When condition and price converge in the mind of the buyer, the property sells. And the stats show that compared to last year's market, 84% of the buyers are still there. [emphasis added by editor] 84%? That means that the number … (1 comments)
michigan real estate: Flippers, Foreclosures and Subprime. Oh My!
- 04/22/07 12:46 AM
Sunday's Ann Arbor news spotlights the coming boom in foreclosures to Washtenaw County. It was thought that Ann Arbor and the surrounding environs was a relative island amongst the pain in the housing market in SE Michigan. However, every island, no matter how beautiful and idyllic will see some storms and this appears to be ours. The first article in Sunday's paper is about prospective speculators/investors snapping up properties at the courthouse steps. If you are considering going after foreclosed properties as an investment, the article does not do enough to stress enough the need for detailed due diligence on any property that … (4 comments)
michigan real estate: Ann Arbor Schools - We Want Your Kids!
- 04/19/07 11:18 PM
The Ann Arbor school district is looking for more kids. Compared to last year, the district is down about 200 kids. This has prompted the school board to look at ways to bump up the revenue stream. By their own estimates, there are 4,000 kids in Ann Arbor that attend charter or private schools as opposed to the Ann Arbor school system. This translates into $37.5 Million in new dollars that could come into the district. While the income stream has been estimated, the district appears to be fuzzy on how much this could cost them in actually educating and teaching these … (1 comments)
michigan real estate: Washtenaw County Housing Statistics - March 2007
- 04/14/07 09:55 AM
Well, this could be an interesting year for real estate in Washtenaw County. What initially looked like a split personality in the market, finally resolved itself in March. The first quarter of 2007 is behind us and it is safe to say that the market is getting tougher on sellers. Average List Price
Average Sales Price
I don't think much needs to be said about these two charts in conjunction with each other. From the Big House Data Executive Summary: "The split personality has also resolved itself in the average list prices and sales prices. While list prices jumped in February, March realized a … (0 comments)
michigan real estate: Subprime, Wallstreet, Bonds...Oh My!
- 04/11/07 01:56 PM
A sad, yet interesting phenomenon has been happening with greater frequency in the realm of real estate. That's the talk of and acceptance of short sales as a way to sell a home. Short sales, in the "Cliff Notes" version, are the way for sellers to negotiate directly with a bank or note holder the difference in sales price and amount owed on the loan. In other words, a short sale is when a seller realizes that they cannot continue to make payments, cannot get out of the house what they owe in the current market, yet negotiate with the holder of … (4 comments)
michigan real estate: Let's Make Something Happen!
- 04/10/07 03:43 AM
The market is heating up! When it comes to the local market, the media is simply wrong and one-sided. The truth of the matter is that Spring has sprung and buyers and sellers are at it again! Homes are selling--sellers are upsizing, downsizing, and relocating, and buyers are flocking to Well-Priced homes, buying them, and moving in. Yesterday I wrote an offer on a Well-Priced home in a golf course community and two other agents were doing the same. Believe it or not, multiple offers are still common and Well-Priced homes are selling fast. The truth is that active inventory/sold properties, time-on-the-market, employment forcast, and many … (2 comments)
michigan real estate: The Pathway Paved with Good Intentions Goes Where Again?
- 04/07/07 02:08 AM
iPods. Fun technology that allows folks to wander around with their music and video collection at the ready. Great marketing by Apple, slick design and boom, a piece of technology that many can't live without in their daily routines. A few years ago, Duke University experimented with giving their incoming freshmen an iPod for the purposes of education. Made some kind of bleeding edge sense: students could download the profs curriculum, maybe some of the class seminars and likely some video. A public university thinking outside the box...kudos. Now, pardon the rage, but why are Michigan legislators even thinking about giving every Michigan … (5 comments)
michigan real estate: T-Minus 4 Weeks: Principle Residence Tax Exemption
- 04/03/07 07:05 AM
So Lansing, in all of its infinite wisdom, decides to blow out the proposal on halting the pop-up tax for eighteen months. Well, we still have a small thing called the Principal Residence Tax Exemption that could greatly affect your tax bill. The link will take you to a pdf put out by the State of Michigan explaining the different scenarios for the Principal Residence Exemption. If you are currently under contract to purchase a home, and the sellers have already moved out, or been moved out for some time, check the priniciple residence status or homestead status of the property. If … (6 comments)
michigan real estate: Outlook 2007 for Washtenaw County
- 03/28/07 03:21 AM
Last week I had the opportunity to sit in on a luncheon with University of Michigan Economist George Fulton and Google Adword's Grady Burnett. Both speakers were to the point, witty and frank about the current issues facing the Ann Arbor region. George Fulton's speech can be seen here. 20 years he has been doing this analysis for the Ann Arbor News and every year he has delivered an insightful, frank, yet witty speech. Remarkable, considering economic numbers are usually the key to curing insomnia! Now, what would have put this video presentation over the top, for me at least, would have … (1 comments)
michigan real estate: Say "Buh,Bye" to The Pop-Up Tax....Temporarily
- 03/20/07 10:25 AM
Well, call me shocked! I didn't think the folks from my former life would catch on that quickly. I am pleased to point out that the Michigan Legislation has found it in themselves to address the heinous, nearly uncovered, downside to Proposal A from 1994. Any property purchased from March 1st, 2007 to September 30th, 2008, the proposal states, will be exempt from the pop-up tax for 18 months. For those just bumping into the fray, Prop A capped homeowner's property tax until a transfer of property occured, i.e. a property sold. When the property sold, the taxable value is uncapped and … (3 comments)
michigan real estate: Thinking of Buying a Home Next Year?
- 03/19/07 10:08 AM
HERE'S MORE INCENTIVE Ok, so I had to dust off the RSS feed aggregator...I can't believe I missed this article! According to a March 13th, 2007 Detroit News article the folks in Lansing do recognize a problem with Proposal A in a declining market! What the article highlights is a proposal to suspend the "pop-up" tax that typically occurs in Michigan when a property transfers ownership. The proposal is to delay the pop-up by 18 months While I am happy to hear my former colleagues in Lansing are addressing the issue, do you think they might want to speed up that legislation? Really, how does … (0 comments)
michigan real estate: February Housing Statistics
- 03/17/07 06:38 AM
Now with property type specific stats That's right! Big House Data has done it again! Not only do they provide the only comprehensive stats package for Washtenaw County, they have now split the data between Condos and Homes! Homes: Average sales price Here is the chart showing the average sales price of homes in Washtenaw County. Not only does it look like the slope on a hill in Colorado, the 12 month moving average trendline is following suit. [see the full post at SE Michigan Real Estate] … (1 comments)
michigan real estate: Shameless Self-Promotion
- 03/14/07 11:38 AM
Why I Enjoy My Business Via email from a regular to SE Michigan Real Estate: "Yes, your blog was most helpful, especially the statistics. I still go back now and then just because I find it so interesting. If we had been less informed, we'd probably still be looking. We made a low bid on our dream house (a high bid for us) -- and it was accepted! Without your blog we never would have thought it possible." - David A. David, thank you! If this is Black-Tie Service via blogging, can you imagine what your real estate transaction would look like?! Experience Real Estate Simplified with Black-Tie … (1 comments)
michigan real estate: Happy Blogiversary!
- 03/02/07 10:46 AM
FYI for A/R readers out there - The "other" blog is one year old today. >>From SE Michigan Real Estate<< Holy Smokes! Twelve months of blistering opinion, fascinating facts, graphical graphs and news. For all of this blog's kind readers: Thank you for stopping by! >>For the A/R readers, thank you for your support, comments and general good-naturedness.<< … (1 comments)
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