Friday, November 15, 2013
Tuesday, November 5, 2013
Friday, October 11, 2013
You Own the Home, Builders Own What's Under It
You Own the Home, Builders Own What's Under It
I have closed many deals with builders. I work well with them. Do not ever think you cannot work with a Realtor to represent your interests when purchasing a new home. It costs you nothing to work with an agent and I could potentially get you better features and terms. Just an FYI Have a fantastic day !
I have closed many deals with builders. I work well with them. Do not ever think you cannot work with a Realtor to represent your interests when purchasing a new home. It costs you nothing to work with an agent and I could potentially get you better features and terms. Just an FYI Have a fantastic day !
Saturday, October 5, 2013
Thursday, August 29, 2013
Wednesday, July 10, 2013
Tuesday, July 2, 2013
Saturday, June 29, 2013
Thursday, June 27, 2013
Check out my new listing in Waterford
Copy & Paste the link below
http://findingyourwayhome.kwrealty.com/marketinglinks/B56CD932
http://findingyourwayhome.kwrealty.com/marketinglinks/B56CD932
Monday, June 24, 2013
Friday, June 21, 2013
Thursday, June 20, 2013
Wednesday, June 19, 2013
Friday, June 14, 2013
Tuesday, June 11, 2013
Here is some insight into the state of the National Real Estate Market from my Board of Realtors
FRONT PAGE NEWS!
Is another housing bubble developing? According to The Kiplinger Letter, date June 7, 2013,“we don’t see it.”There are huge differences between what’s happening now and the tulipmania of the last decade, and there’s little reason to see danger even in the most torrid of today’s real estate markets.
The current heat is a short-term phenomenon. There’s been a noticeable pickup in demand. The slowly improving economy and better job growth mean more would-be homeowners in the market, while cash-paying investors continue to comb listings for properties to rent for a few years before selling. For both groups, low interest rates are also alluring.
But supply is constrained, with many homes still stuck in the foreclosure process and owners who managed to stay current on mortgage payments but whose homes aren’t worth what they owe on them reluctant to sell at a loss. Plus new-home construction is only slowly recovering…still half the pre-boom level.
The pace of price hikes will ease next year as supply and demand come into better balance. National average in 2014…say 4% or so, roughly half the 8.5% price increase likely to be racked up in this unusual year. Then a gradual return to the historical norm, with average home values rising by about one percentage point more than the inflation rate each year.
Meanwhile, a closer look at the situation today is revealing, price hikes of 15%-22% are extreme. But, consider the starting point. Existing homes in Las Vegas and Phoenix up 22% from early 2012 to early 2013, are still more than 40% below their peaks. In San Francisco, L.A., Atlanta, Detroit and others experiencing strong appreciation (16% or more), prices remain 17%-45% below their highs. Only a few major metro areas are at or close to previous peaks. Denver, for example, s there, but the Mile High City never experienced the extremes of the bubble and bust. San Jose, California, the heart of the Silicon Valley, is 5% off its peak!
Homes, on the whole, remain affordable. Only 13% of median family income is typically being chewed up by mortgage payments. Compare that with 24% in 2006. Interest rates are likely to stay low for some time, edging toward 4% by January, then climbing by o more than a percentage point or so in 2014. So homeownership won’t zoom out of reach. And even when the Federal Reserve decides to put an end to its easy money policy, spurring inflation expectations and higher long-term rates, it’ll do so gradually…a slow adjustment to the housing market rather than a shock. Even more important, only truly creditworthy borrowers are getting loans. The no-documentation, interest-only loans that made it easy for anyone to buy in the 2000s have entirely disappeared, and lenders are keeping a tight rein on credit.
Monday, June 10, 2013
Friday, June 7, 2013
Saturday, June 1, 2013
Tuesday, May 28, 2013
Hi Everyone
Just an update from the world of real estate. Here are the numbers. The median sales price for homes in the metro Detroit area is up 40.4% from 2012. Home sales overall are up by 6.3%. Market inventory is down 21.7% so competition is fierce. The market continues to improve and we have been on solid footing for a while now. We expect this trend to continue going forward as the cost of ownership is still at a historic low. If you have questions or anyone you know is considering buying or selling a home please remember I am here as a resource for you all.
Have a fantastic day !
Friday, May 10, 2013
This Month in Real Estate May 2013
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Keller
Williams Clarkston | 6510 Town Center Dr Ste D | Clarkston | MI | 48346-4822
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