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
So, with the discussion of Michigan’s Proposal A and its effect on taxes in a declining real estate market, it seems to me that there may be some folks that are looking for assistance in fighting their increase in assessments. If you are caught in the situation where you believe your assessed value has outpaced… Continue Reading
Aha! I found a decent explanation, finally, about Prop A and how it functions in a declining real estate market. As described here, we experienced a 6% drop in our 2007 property assessment. Now I can’t show where the appraiser got their information, but I can now show why some folks’ assessment will jump, wilst… Continue Reading
Holy smokes! Did you get your 2007 assessment yet? I did. Received it last week and boy was I shocked. Maureen Francis over at miOaklandCounty.com has been posting on Proposal A and the pop-up tax and the effects it has had and will have on real estate this year in Michigan. My concern, after seeing… Continue Reading
2007 could be an interesting year Well, the first month of 2007 is in the books and on charts! My favorite provider of area real estate statistics, Big House Data, LLC, had a late Valentine’s Day Gift for its subscribers – January Housing Numbers! As you can see from the chart to the left, there were… Continue Reading
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