This month includes topics such as: How does your home compare to others on the market? And, why buy a home now?
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This month includes topics such as: How does your home compare to others on the market? And, why buy a home now?
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.
Click here to read complete report and view sales data charts:
As you can see from Dan Elsea’s report on our market, its a great time to be a buyer and capitalize on the low rates combined with lower home prices. However sellers and buyers should both be aware that home prices are starting to slowly rise. Lack of quality inventory combined with a huge demand is slowly but surly bringing the market back up! I’m looking forward to helping all of my clients and future clients navigate through the real estate trends in 2012.
The link below contains a great article about Detroit from the Wall Street Journal on Tuesday. It came out of a conversation with a WSJ reporter about foreclosures issues in which he got excited about the strong activity in metro Detroit!
The good news is that through actions from the Federal Reserve interest rates are at all time lows, presenting an opportunity for many homeowners to receive a self funded bailout by dramatically reducing the interest rate on their mortgage. Nobody knows how low rates will go but there is certainty that rates are at historic lows and they will not last forever. Saving money today makes a lot of sense in these difficult and uncertain times.
Max Broock company news: over the last five years we have emerged as the only broker in the state with a fully integrated real estate transaction experience for our clients (combining Brokerage, Mortgage, Title, Home Insurance and Home Services). We are always on the cutting edge of new trends!
Click on the link below to read a positive article about the July 2011 Housing Market!