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Reports show the housing market is improving in Florida and Michigan

By
Real Estate Agent with The Keyes Company

 The latest Case-Shiller Report shows further improvement for both Michigan and Florida.  Case-Shiller is still showing most markets are still finding their bottom, in terms of value.  From what we are hearing from brokers across the country the value bottom was set late last year.  Also most brokers have seen the same shortage of salable inventory, thus rising prices.   As stated by Dan Elsea, President of Brokerage services for Real Estate One, Case-Shiller is 4-8 months behind current market momentum.

In Michigan, Comerica's Economic Index follows a combination of economic factors to project the overall health of the local economy. The index, like home values, has some room to go to get back to pre-recession levels, but it also showing some strong signs of growth.

Have a great weekend.

Bill Gillhespy
16 Sunview Blvd - Fort Myers Beach, FL
Fort Myers Beach Realtor, Fort Myers Beach Agent - Homes & Condos

Morning Kay,  Always good to see posiitive news about our state.  Worth noting that most of the media is also behind the curve.

Apr 14, 2012 12:22 AM
Jeana Cowie
RE/MAX Real Estate Limited - Paramus, NJ
Broker Associate, ABR, CRS, GRI, SRES

Hi Kay, Real estate seems to be improving in the Bergen County, NJ area also. It is great to read news about other areas of the country improving also!

Apr 14, 2012 12:22 AM
Robin Cutler and Kay Pearson, Clarkston, Michigan Real Estate
Real Estate One - Clarkston, MI

Great to hear from other Rain Makers that we can see improvement in several areas.  Buyers and sellers should now think about making their moves.

Apr 14, 2012 12:37 AM
Lester Wilkins
Blue Water Home Loans NMLS# 166527 - Port Huron, MI

Great news!  I am excited about it!!!!  Thanks for sharing!

Apr 14, 2012 12:42 AM