Sunday’s Ann Arbor news spotlights the coming boom in foreclosures to Washtenaw County. It was thought that Ann Arbor and the surrounding environs was a relative island amongst the pain in the housing market in SE Michigan. However, every island, no matter how beautiful and idyllic will see some storms and this appears to be… Continue Reading
Well, this could be an interesting year for real estate in Washtenaw County. What initially looked like a split personality in the market, finally resolved itself in March. The first quarter of 2007 is behind us and it is safe to say that the market is getting tougher on sellers. Average List Price Average… Continue Reading
The market is heating up! When it comes to the local market, the media is simply wrong and one-sided. The truth of the matter is that Spring has sprung and buyers and sellers are at it again! Homes are selling–sellers are upsizing, downsizing, and relocating, and buyers are flocking to Well-Priced homes, buying them, and moving… Continue Reading
Now with property type specific stats That’s right! Big House Data has done it again! Not only do they provide the only comprehensive stats package for Washtenaw County, they have now split the data between Condos and Homes! HOmes: Average sales price Here is the chart showing the average sales price of homes in Washtenaw… Continue Reading
Anyone following recent news about Countrywide and other lenders will see a trend. A rising percentage of their sub-prime loans are experiencing delinquent payments. So what do rising rates of delinquency have to do with buyers? In the not too distant future, it is very conceivable that higher credit scores will be necessary for higher… Continue Reading
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