Please support our current car raffle:
What could be better than winning 2 Cadillac CTSs?
Answer: helping people with disabilities lead more independent lives.
Tickets are $50 each.
Only 5,000 tickets will be sold.
Winning ticket will be drawn.
September 26, 2009, 2 PM.
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A CENTURY 21 Town & Country property, listed by Margie Duncan in our Birmingham office, was featured on the Today Show today. The property is 2230 Hamata St., Ferndale, MI 48220.
Check it out at the 2:00 minute mark in this video:
Visit msnbc.com for Breaking News, World News, and News about the Economy
Michigan drops out of the top 10 in foreclosures.
According to a recent article from the Associated Press, Michigan’s foreclosure rate dropped to number 11 on RealtyTrac’s list of states with the highest foreclosure rate. The 10,830 properties listed in foreclosure in April was a 12.78 percent drop over March.
Housing Market Bottom?
Are you a buyer waiting for the “right time to buy” ? Well, that would be NOW!
Do not become obsessed with trying to time the bottom of the market so you can get the best deal. In my 38 years as a broker, I have observed that we never really can identify the bottom of a market cycle until we are already on the upswing.
I offer these observances:
There is huge, pent-up demand for housing, we are entering a spring market, interest rates are still very low and sellers “get it” that their asking prices must be very competitive.
Our showing appointments have increased dramatically in the last few weeks and some properties are receiving multiple offers and selling for more than list price. The overall activity in the market has increased with an upbeat attitude.
Once the mortgage/credit/qualifying standards relax a bit (and they will) and more approved buyers enter the marketplace, home prices will rise.
I strongly believe we are on the road to a real estate recovery, and if you have any thoughts a buying a home this year, NOW IS THE TIME!