Michigan Real Estate Report

A new month reveals that the market continues to improve. Pending sales were up and there continues to be a significant number of sales with multiple offers. It is the best time in the last six years for sellers to test the market: values are up over last year and many sellers will be surprised at how far up the market has moved.

Home Prices Tick up in Michigan

No surprise to "The Pearson Group"   .... The up tick has been happening for months now in certain price points and locations.  Now may be the best time for seller's who have been waiting for a brighter market to make their move.

 

 

 

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Thinking of Buying a Home in Florida?

Florida real estate market starting to turn around

 Inventories are down, lending has loosened 
By Adam McDowell, National Post February 28, 2012

"Realtors are trying to recruit potential buyers with the message that anyone thinking of buying a home in Florida ought to look now, because the bargains won't last forever."

Is Housing more Affordable?

I found this to be a good read since we have been telling folks for the past couple of years that they are far better off to buy now than to pay rent. After reading this article, I still believe that is true......for most people

Trends in Housing Affordability

POSTED BY TRACEY VELT ON FEB 27, 2012

Real Estate Market - Signs of Improvement

 

December Market Update from Real Estate One

December showed a bounceback in buyer activity from a slight slowdown in September through the first half of November. Pending sales were up along with showing and website activity.

Remodeling Cost vs. Value Report

Homeowners weighing their options to fix up an existing home or make home improvements to a home recently purchased, may find the Cost vs. Value Reports to be a valuable resource.

Michigan Monthly Real Estate Market Update

Max Broock Realtors
Kay Pearson

Kay Pearson

248-860-0366

Michigan Market Update

So far this year we have had a classic economic struggle of Good vs. Evil.

The Good Side

* Values are stable to rising (even Case-Shiller shows metro Detroit values are up!)

* We are creating jobs in Michigan

* Consumer Confidence moved up a bit

* Strong pent up buyer and seller demand

* Record low combination of prices and interest rates

 

The Evil Side

* Lack of saleable home inventories

* Larger percentage of homes with little to no equity

* Slow job growth

House Values Continue to Decline

CoreLogic September Home Price Index Shows Second Consecutive Month-Over-Month and Year-Over-Year Decline

Real Estate Industry and Trade Media

November 07, 2011, Santa Ana, Calif. –

––Prices Are 4.1 Percent Lower Than a Year Ago––

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