Comments on: Ann Arbor Homes Inventory Report – Q4 2008 http://toddwaller.com/2009/01/ann-arbor-homes-inventory-report-q4-2008/ solid, but still questioning Mon, 16 Apr 2012 01:21:07 +0000 hourly 1 By: Todd http://toddwaller.com/2009/01/ann-arbor-homes-inventory-report-q4-2008/comment-page-1/#comment-451 Todd Sat, 07 Feb 2009 23:52:55 +0000 http://blog.team366.net/?p=1303#comment-451 Richard, Thanks for the comment. Frankly, we're seeing the lower prices impacting the housing market more than anything else. Ann Arbor is an island in the SE Michigan housing market due to the University of Michigan; the U of M creates a background level of housing turnover that automatically keeps prices higher than surrounding communities. Fed money to the mortgage securities market: Supposedly it was to have made the mortgage markets more liquid. Trouble with that statement is that I have yet to have a buyer denied the ability to finance their home purchase. If the markets were that illiquid, then I would have had issues getting buyers closed. No, the folks that are qualified, have the credit history and the income can still get financed, heck, they always could. Richard,
Thanks for the comment. Frankly, we’re seeing the lower prices impacting the housing market more than anything else. Ann Arbor is an island in the SE Michigan housing market due to the University of Michigan; the U of M creates a background level of housing turnover that automatically keeps prices higher than surrounding communities.

Fed money to the mortgage securities market: Supposedly it was to have made the mortgage markets more liquid. Trouble with that statement is that I have yet to have a buyer denied the ability to finance their home purchase. If the markets were that illiquid, then I would have had issues getting buyers closed. No, the folks that are qualified, have the credit history and the income can still get financed, heck, they always could.

]]> By: Richard Stabile http://toddwaller.com/2009/01/ann-arbor-homes-inventory-report-q4-2008/comment-page-1/#comment-450 Richard Stabile Sat, 07 Feb 2009 22:47:04 +0000 http://blog.team366.net/?p=1303#comment-450 Is Ann Arbor seeing a change due to the lower interest rates and lower prices. I have found areas of the country that have drop in price significantly have pick up in volume. In the lower ranges, it seems that the market is not over listed in Ann Arbor. What do you think will be the affect of all the fed's money coming into mortgage securities? Is Ann Arbor seeing a change due to the lower interest rates and lower prices. I have found areas of the country that have drop in price significantly have pick up in volume. In the lower ranges, it seems that the market is not over listed in Ann Arbor. What do you think will be the affect of all the fed’s money coming into mortgage securities?

]]>