Chat about Macomb County MI real estate & Homes for sale search site

I thoroughly enjoy reading about the real estate market in general, and often find myself nodding along to a point an author makes or wanting to add my 2 cents to the topic.    What I have learned over my 15 years in the real estate industry in the county I live in (Macomb County MI) [...]

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Shadow Inventory.  It’s a murky term, as the word “shadow” usually means something dark following us around.    When we hear it in a way that relates to our local real estate market, for example Macomb County and the Metro Detroit area, it means homes that are sitting vacant on our blocks and in our subdivisions [...]

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I will probably sound like a broken record   (if you are old enough to remember vinyl records):
Once again there is chatter and some serious talk about the government raising FHA down payments to 5%. (Currently the down payment for an FHA mortgage is 3 1/2 percent.)  This is just one of the changes being proposed [...]

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Is it really April already?   I think this winter dragged on so long that the first few days of April kind of sneaked up on me!
This morning I took a peek at the single family residential home sales that happened in the first quarter of this year in Macomb County and realized once again that [...]

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Finally back on track (and with some free time!) to analyze a bit more today the homes sold in Macomb County during the past year. Once again the north west part of the county, Macomb Township, showed me in black and white what I had been seeing with my buyer clients:  Stability.
There were fewer homes [...]

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In Michigan as in other states when a home owner puts their home on the market in most instances they are required to fill out a sellers disclosure form.
This form really isn’t tricky or difficult to fill out. It has basic “yes and no” questions about whether certain items are in [...]

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Last week I received a call from a condo owner in Sterling Heights. She has had her condo on the market off and on a couple of times and would really like to sell it.  Pricing isn’t an issue, she is realistic about the over saturation of condos on the market and can price her [...]

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One of our area multilist associations (Realcomp II Ltd.) has just released the March 2010 housing sales report and I have to say, I’m excited about what I’m seeing.   Most real estate professionals feel that the housing market will truly show signs of a recovery when 3 things happen consistently:    Number of homes on the [...]

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Our Macomb County MI area has been in the midst of this real estate
downturn for several years now, and I thought it would be interesting
to see how this past September home sales compared to the previous
Septembers (2007 and 2008).
While we aren’t seeing home prices stabilizing as of yet, we are
seeing fewer homes come on the [...]

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I think home sellers will find the news much more valuable now than ever
before.  If a home seller has balked at accepting an offer on their home from
a buyer who is using an FHA or VA mortgage they should pause and look
at this chart:

Over 1/2 of homes that sold during the month of June (2009) [...]

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