Mike Heath

Realtor

Gaylord

700 W. Main Street

Gaylord, MI49735

›› Tim White › 405 NW Westwood Rd, Alden, MI 49612 › Blog › National Real Estate News

Main: 989-732-6777 Office: 989-619-0400
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Viewing Posts tagged National Real Estate 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

Big interest savings on jumbo loans

Fortune/CNN's Allan Sloan reports great news on a real GDP stimulus policy enactment.  The federal government has raised the ceiling on loan amounts that "conform", i.e., loans that lenders can sell to Fannie Mae and Freddie Mac.  This allows buyers purchasing homes with loan balances greater than $500,000 to save thousands of dollars annually on interest expense.  This effect should ...
Posted by Mike Heath @ 7:50 AM on 04/30/2008
Tags: Financing Good Busines News Market Pressure National Real Estate News

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 National Real Estate News. 3 Posts Found.
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