Controversial financial advisor, Jim Cramer, suggests that if your home has depreciated to the point you no longer have an equity position, that you should walk away from the home and its payments. Don’t believe me, here’s the clip! [youtube=http://www.youtube.com/watch?v=FJYcxqjXlkc] While this may make sense from a purely “see a home as a commodity” point… Continue Reading
Let June be no different then the months before! It is time for monthly housing statistics from Big House Data! From the Big House Data Executive Summary: The effect of the Pfizer relocations will be felt for a time in Washtenaw County. Anecdotally, the post-buyout list prices are particularly aggressive. With this aggressive pricing, Pfizer… Continue Reading
What appears to be a regular feature on this blog, is the monthly rolling out of Big House Data’s housing stats. Well, let June be no exception! From the BHD Executive Summary: The mantra in this market is: price moves homes. Location, price and condition are the traditional three keys to selling real estate. Sellers… Continue Reading
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
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