The best way to judge the market it not by looking at the month-to-month sales but the year-to-year sales. In the graphs below you will find the comparison over a four year period. Graph A shows the number of homes sold each year in a given area of Michigan's coast line. Although numbers are great you must also consider the average selling price. Graph B shows the average selling price for homes.
Graph ...
Appraisers say that it is becoming increasingly harder pinpoint what a home is worth. With a flood of inventory hitting the market from rising foreclosures appraisals are coming in low. Roughly 40 percent of all home sales in 2009 were foreclosures or short sales, meaning the property sold for less than the mortgage. Appraisers they are setting home values accord to the reality of the market and some ...
Qualifying for a loan is tough. The best rates are available to those with solid credit and a 20 percent down payment.
The average interest rate for a 30-year mortgage dropped to a record low of 4.71 percent, pushed down by an aggressive government campaign to reduce borrowing costs. The rate, published by Freddie Mac, is the lowest since the mortgage finance company began tracking the data in 1971. ...
The http://www.waterfront-luxuryhomes.com">housing> market will remain under pressure from the surge in home loan defaults, especially as unemployment keeps rising. Lost jobs, lay-offs, and unemployment are the main reason home owners are falling behind on their mortgages. Due to more homes falling into foreclosure and being bumped on the market we have not seen the end to the declining prices. ...
We keep hearing about gradual improvements in the economy and the real estate market. Some analysts think it may take more than 10 years to recapture peak home prices. Others say we are already on the upward climb. It may seem like it will take years to get back to what things once were in the economy but looking at statistic we are moving in a positive direction already. Southwestern ...
If you are selling a home and would like to know what last years sales statistics were in the Holland/Saugatuck area this blog may be helpful to you. The sales statistics are broken down by price range during the past year from June 2008 to June 2009. If you would like to view homes for sale at this time to compare or to purchase click a price range and follow the link to your dream home.During this ...
We just did a study showing year to date sales (Jan. 1 to Nov. 21, 2008) and found the following for our personal sales.
We listed 37 new homes over $600,000 so far this year and only 11 have sold with an average time on market of 352 days.
We also sold 2 of the 3 listings for waterfront lots over $600,000 this year with 194 average days on the market.
In the $500,000 to ...
I am personally going to take what little money I have left in my retirement plan and roll it over into a self-directed real estate IRA and put it in a condo-hotel project in Manuel Antonio, Costa Rica. The self-directed real estate IRA in a condo-hotel project whether in the United States or another country may make sense to some of your sphere of influence while prices on real estate are so ...
The link below will get you to the sites where you can find information and permit applications for high risk erosion and critical dunes information from the MDEQ (Michigan Department of Environmental Quality)
Regulations and permit requirements under Part 323, Shorelands Protection and Mgt. of the Nat. Resource and Env Prot Act 1994 PA 451 as amended (NREPA). Part 353, Sand Dunes ...
Hello All,
We are starting this blog to inform and educate all people that may be dealing with the Michigan DEQ on various matters. Your experience and insight is welcome, as there may be a time when you have a question relating to DEQ issues and can find the answer in one simple place...our blog.