Richard's Blog

There seems to be a little life left in the Macomb County real estate market.  No doubt the unseasonably warm weather the first few week helped.  Let's see what the numbers show in Macomb County during the month of January, 2007.  There were 6389 homes for sale as of the 31st of January, a 4% in...

Let's look at the state of real estate in the Village of Armada.  There were 21 homes for sale as of December 31st.  Sales in the village were zero, zip, and nada.  There have been an average of 1.33 sales/month over the past 6 months.21    Homes for sale  0    Homes sold in December1.33 Homes s...

Let's look at the state of real estate in Macomb County through the end of December 2006.  There were 6143 homes for sale as of the 31st of December, a 8% reduction of 533 listings.  There were 421 happy sellers who had their homes sell during the month, an increase of 28 sales or 7%.  There hav...

  Courtesy of Flickr.comIf you follow Southeastern Michigan real estate, you've probably heard that it's a buyer's market.  What is a buyer's market?   Simply put, a buyer's market occurs when there's a whole lot of sellers and comparatively few buyers.  We can use a tool called Months of Supply ...

Let's look at the state of real estate in the Village of Armada.  There were 24 homes for sale as of November 30th.  Two sellers were pleased to have their homes sold during the month.  There have been an average of 1.5 sales/month over the past 6 months.24  Homes for sale  2  Homes sold in Novem...

  Location: 23742 Hollweg, Armada, MIStunning 4 bedroom home in quaint Village of Armada. Recently updates include new kitchen w/maple cabinets and granite counters, new 22×20 great room w/ cedar ceiling, new hardwood and carpet, new siding, tons of cultured stone inside and out, newer windows an...

Photo courtesy of Ian Muttoo, some rights reserved. As reported by the Romeo Observer here, the State of Michigan has set the inflation rate multiplier for 2007 to 1.037.  This means that in a real estate market that has seen double digit declines, and most people's property tax will go up nearly...

I was responding to a post by Oakland county Realtor Maureen Fansis here about MiRealSource's settlement with the FTC, when my comment started looking like a post.  So I moved it here.Just a minor clarification, MiRealSource never challenged the FTC.  That was widely misreported by the media.  Af...

I am new to the blogoshere, but no stranger to real estate. I have started a blog at RickMarcum.com, but plan to put industry related posts here.