Great News About the Market!!2/14/2012
Another Great Sign!4/29/2011
Daily Real Estate News | April 25, 2011 |
Analysts Say Housing Is on the Way Up
Analysts at both Standard&Poor's and Barclays Capital agree that the uptick in home resales last month is a favorable sign of things to come. Because pending home sales an indicator of future activity were up in February, S&P believes transaction volume will rise for April.
Barclays, meanwhile, says March's 3.7 percent gain in existing-home sales merely reinforces its position that the housing market actually hit bottom in late 2010.
Source: Monday Morning Cup of Coffee, Housing Wire, Jon Prior (04/25/11)
February Home Sales Rise!4/1/2011
February Pending Home Sales Rise
Home prices are coming up!11/23/2010
October Home Sales in Michigan saw stabilization of units sold and ongoing price fluctuations
For the third consecutive month in 2010, units sold topped 10,000 while overall, Michigans statewide average sale prices showed improvement from October 2009 to October 2010, with an increase of 3.49 percent. According to the Michigan Association of REALTORS® latest report, the average YTD home sale price in 2010 is $106,620, an 8.5 percent increase over 2009s average sale price of $98,187, but still down from the summer months, 2010 when average sales price hit levels about $111,000.
Some markets, despite a decline in number of sales, have shown stabilization along with an increase in average selling price of 20 percent or more. Hillsdale County boasted a 34.09 percent increase in average selling price, while Battle Creek, Central Michigan, and Traverse Area Associations were all above 20 percent for the month of October.
Monthly housing statistics for MAR are reported by participating Michigan REALTOR® local boards and associations.
For more information on housing statistics, as well as specific market statistics, visit this link:
View October Housing Statistics
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