Call to Action for Homeowners... We Need More Homes for Sale

Today's News Headlines coupled with a continuously changing real estate market,  is once again, creating a slowing in the market.

THE 3.8% TAX BEGINS JANUARY 1, 2013

There have been several emails sent out over the past few months that provided inaccurate information about the upcoming 3.8% Health Care Capital Gain Tax.  Although many people may not be affected, many will.  The National Association of Realtors has provided us with a brochure that may answer many questions you may have regarding the upcoming 3.8% Tax.

MICHIGAN MONTHLY MARKET UPDATE – SEPTEMBER 2012

Just when we thought the market was going to take a pause, it picked up at an even faster pace. September brought us the highest median and average prices in the past four years (past two years for NW Michigan), as well as the lowest For Sale home inventories and highest number of sales, all indicators of strengthening buyer demand. So, is this sustainable or just a temporary release of pent up demand? The answer is both; demand is growing both short and long term.

MICHIGAN MONTHLY MARKET UPDATE – AUGUST 2012

July pending sales jumped up from June’s pace, proving once again that our recovery is moving in the right direction but not in a straight line. Some months are moving up quickly, others just a bit, but so far, always up! The overall Months Supply of Inventory (MSI) for Southeast Michigan hit a five-year low at 4.6 months and NW Michigan was also at a five-year low of 9.1 months.

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