First, this is a tax credit, not a cash payment. It's unlike a bailout to a bank, or even Cash for Clunkers where we as citizens wrote checks to take serviceable vehicles off the road. By taking part, buyers are keeping tax dollars out of Treasury hands, and I like that. A small distinction, I know, as the money will be made up somewhere.
Second, it's estimated the median home sale generates ...
September proved to show a long anticipated increase in real estate activity in Northwest Michigan. Buyer activity has been trending upward after a lackluster summer season, and we're driving into the fall with a lot of offers being written and properties being put under contract.
The number of residential sales for September we up 31% over 2008- actually they were the best they've been in the past ...
That's Lake Ann for those of you who don't know Northwest Michigan lingo.Who: Motivated sellers who just improved their price to $118,000What: World's neatest 3 BR bi-level, with fully finished basement and detached garage.Where: 6226 Reynolds Road (just South of 610/Almira Road), close to state land and lake access.When: New price NOW- bring your buyers TODAY.Why: Because you're tired of seeing worn ...
I handle REO (foreclosure) listings for several banks, including Bank of America and local banks, and the number of new listings incoming have dropped off dramatically recently. In conversation with others who handle these properties, and with local banks, this dip was often echoed. It's likely that a foreclosure moratorium in place over the winter has delayed some properties coming ...
The passing of the $4500 "Cash for Clunkers" tax credit out of the House got me thinking. First, let's not fool ourselves into thinking that this is serious efficiency legislation- yes, it puts an incentive on deciding upon a fuel efficient vehicle, and that's certainly more palatable than forcing higher efficiencies and limiting consumer choice. But this is about getting auto sales moving more than ...
This UnReal Deal isn't about a particular property. Rather, it's about what you can get for your money. I was playing around with some numbers the other day, and in doing so found that I'd illustrated to myself some of the reasons it makes sense to consider buying now.
What got me thinking was a conversation with the renter of one of the homes I'm selling, who is looking for a new rental ...
Coldwell Banker Schmidt REALTORS and I got a nice little plug on the 11:00 news last night. TV 7&4 (NBC) contacted me yesterday afternoon about buyer activity and the market. The reporter, Courtney Rehmer, was looking for a local tie in to the NAR figures for September. I spent a solid half hour with her at one of my listings in Beulah.
I'm very proud to have bumped politics and Barack Obama's ...
It's a challenge to get a grasp on what's going on between Washington and New York, and how it is affecting our markets. Still more difficult is the task of predicting and tracking what works. I came across three articles on Inman News today that made it to my del.icio.us list because they improved my understanding of the current situation.
First this article on the Fannie-Freddie ...