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Fresh off the Real Simple Syndication (RSS) feed, I find this Q&A from Inman News regarding Appraised versus Market Value. Used to be a simpler time, as a seller, when you could justify your price by flashing the appraised value and getting that value or something awfully close. Those were the days when buyers seemed… Continue Reading
This is an interesting market in Southeastern Michigan. We are seeing a decrease in the number of closings and the volume of closings, but the average sales price is only down by about 1.5% compared to the same time last year. While that is a decrease in the average sales price, it is not nearly… Continue Reading
Steaming hot off the Excel proggy on the laptop, here are the latest monthly numbers on the Washtenaw County housing market. Numbers graciously provided by the Ann Arbor Area Board of Realtors (AAABOR). Please note these numbers include both homes and condos. After the Jump, Graphs! Continue Reading
The National Association of Home Builders (NAHB) recently held their semiannual spring construction forecast conference in Washington, D.C. As alluded to in the title of the conference, the purpose was to discuss the future of the home building industry. RealEstateJournal.com, an offshoot of The Wall Street Journal, has an article covering the Home Builders’ findings.… Continue Reading
The average cost of selling without a Realtor in 2005 was $31,800. $31,800! We've all seen the signs driving around town. The brokers have their signs in yards advertising homes for sale and individual, unrepresented sellers have their signs; typically red and white with, hopefully, legible phone numbers. The motivation for selling a home by… Continue Reading
