Statistics for Livonia for 2006, 2007 and currently in 2008!
According to the National Association of Home Builders/Wells Fargo Housing Opportunity Index, Detroit-Livonia-Dearborn, Michigan is one of the top 10 most affordable large metro areas. With that being said, the graph below shows the Listing Price Statistics for the years 2006, 2007 and current for 2008. The..(read more)
The National Association of REALTORS® has published the results of its quarterly sales survey and found that the median home price continues to rise in most metropolitan areas. The median is a typical market price – meaning half of all homes sold for more, and half of all homes sold for less.
Lawrence Yun, NAR chief economist, said the data underscores the fact that all..(read more)
Even though the real estate market has slowed down in most parts of the Detroit area, a down market does not have to mean that you cannot sell your home or buy a new one if you are facing a situation such as a job relocation. You just have to re-think the way you play the game!
This article from CNNMoney.com offers advice on how you can still make a smart move in this unpredictable..(read more)
Temporary problems in the mortgage market are expected to free some pent-up demand, but disrupted existing-home sales and distorted prices on sales closed in September, according to the National Association of Realtors®. Even so, prices continued to rise in some area. Because of this and other factors, total existing home sales fell 8% and are 19% below the level that they were in..(read more)
May your Thanksgiving be blessed with the bounty of the season and the love of family and friends!
We’ll be back next week with more of the latest Detroit MI real estate news and information! In the meantime, please feel free to contact me at 248-348-1500 or visit TheMarkerTeam.com.(comment)
Awesome Brick Ranch in Livonia!
Location: Livonia, MI
Excellent curb appear on this broad front brick ranch in popular area of Livonia. Huge 2 1/2..(read more)
With the recent coverage of the devastating fires in California, home fire safety is a most timely topic. Although we may not be at great risk for wildfires here in Michigan, winter is peak season for home fires due to the use of various heating sources. An important part of responsible home ownership is having a plan for keeping you and your family safe in the event of a fire.
This..(read more)
Conditions in the mortgage market are improving for consumers, which should help to release some pent-up demand in early 2008, according to the latest forecast by the National Association of Realtors®.
Lawrence Yun, NAR senior economist, notes that widening credit availability will help turn around home sales. “Conforming loans are abundantly available at historically..(read more)
Did you know that if you are moving because of your job, most moving expenses are tax deductible? This is why it is so important to keep detailed records of all moving expenses, including house-hunting trips.
If you are moving 35 miles or more from your current home, you can deduct your family’s travel expenses, including meals and lodging; the cost of transporting furniture,..(read more)
Thanks to increasingly tightening credit standards and rising interest rates, there has been a lot of buzz about the startling increase in foreclosure rates across America.
Many homeowners think it can or will not happen to them, but what would you do if you were actually faced with the prospect of foreclosure? It is important to know the “lingo” of lenders and understand..(read more)
