Macomb Living Now

Home sales in southeast Michigan continue to rise. Hopefully a sign that the market is bottoming out.     Tighter inventory, rise in median price create ‘happy medium’ Sunday, June 28, 2009 By Dave Jones, Macomb Daily Special Writer A housing market that’s seen home values plummet and foreclosure...

MSHDA expands down-payment assistance programs for first time Home Buyers (http://www.mirealtors.com/content/060909.htm#s2) The Michigan State Housing Development Authority has significantly expanded its down-payment assistance program that, when combined with the new federal tax credit, would pr...

3 months ago in this blog I wrote about buyers who were trying to time the market and buyers who were nervously sitting on the sidelines because they were afraid the market hadn't bottomed out yet (See I'm Not Buying a House Until the Market Bottoms Out!). In that posting I specifically cautioned...

While this is a national average and not specific to southeast Michigan, any good news with regards to the real estate market in general is welcome.  Locally, once again in April the volume of homes sold increased, however the average sales price decreased. The story hasn't changed much since I b...

2 Years ago when I decided to move my license from my previous Broker, I did a lot of research because I wanted to find not only the right fit for me, but also for my career.  All my research kept pointing to Keller Williams being that company.  It was a great decision at the time, and continues ...

Some additional information with regards to the $8000 First Time Home Buyers tax credit and how buyers can use it at closing to fund their down payment. First-time Homeowners to get Tax Credits Via FHA Loans HOLDEN LEWIS / bankrate.com This year, some first-time home buyers will charge their down...

Great news for First Time Home Buyers today. HUD has made an announcement that sweetens the deal with regards to the $8000 First Time Home Buyers tax credit.  The credit can now be utilized at closing towards the buyers down payment, significantly reducing the amount of out-of-pocket costs to the...

One of the common myth's being floated about the marketplace these days is that money and credit for purchasing a home has dried up.  Not only is it not true, but there are some very affordable home loans available to buyers. You can still qualify for FHA Financing with as little as 3.5% down and...

...Volume of Homes Sold continues to increase ...Average sales price continues to decline ...Local housing market is still being flooded with foreclosures ...Prices won't recover until the rate of foreclosures drastically declines...the foreclosure rate won't decline until the job market improves...

The last 2 sections of this article really caught my attention.  I have talked to a couple buyers in recent months who purchased homes via a short sale. They were both extremely frustrated by the process.  I asked them if their real estate agent had sat them down at the beginning of the process a...