Mike Heath

Realtor

Gaylord

700 W. Main Street

Gaylord, MI49735

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Viewing Posts tagged Bad Business News. 3 Posts Found.
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Time to re-evaluate your selling price

Comparative selling prices on sales 6+ months ago need to adjust to local market changes over the past three months.  In a 20 city survey, the WSJ reports that housing prices have declined at a annualized basis of 25%.  That doesn't mean the Otsego/Gaylord market has declined that much for our listings, but it should motivate us to use more recent sales data or adjust older comps used to ...
Posted by Mike Heath @ 8:02 AM on 04/30/2008
Tags: Bad Business News Market Pressure National Real Estate News Real Estate Sales

G-P property closing delayed

Sunday's TVC Record Eagle reported that the Glawe purchase of the G-P property, scheduled to close last Thursday was delayed. According to th article, one or more parties was not to complete the neccesary documents in order to close. While a new date was not set, at least Jeff Ratcliffe, executive director of the economic alliance, is shooting for a month-end closing. Ken Glasser predicts ...
Posted by Mike Heath @ 7:38 PM on 03/10/2008
Tags: Bad Business News Commerical Property Gaylord Jobs Local Economy Real Estate Sales

Fed Chairman, "Banks - write down principle"

Bernanke advises banks to get more active with their portfolio prior to foreclosures:Money quote:Bernanke advising banks to consider writing down principal: "Principal reductions that restore some equity for the homeowner may be a relatively more effective means of avoiding delinquency and foreclosure. . ."My perspective Bernanke appears to trying to protect market prices by having banks provide ...
Posted by Mike Heath @ 8:18 AM on 03/07/2008
Tags: Bad Business News Fed Foreclosures Market Pressure National Real Estate News Taxes
Viewing Posts tagged Bad Business News. 3 Posts Found.
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