Michigan Real Estate Musings

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Real Estate Agent - Real Estate One
Posts about things going on in Real Estate in Milford, Michigan; Highland, Michigan; White Lake, Michigan; Commerce Twp, Michigan,; West Bloomfield, Michigan; South Lyon, Michigan; Birghton, Michigan and HArtland, Michigan in Oakland and Livingston Counties of Michigan

ARCHIVED BLOG POSTS

2010 

2010 was a tough year for me in real estate. I closed about as many sides as in past years, but made much less from the efforts involved. Looking back, I only had two deals that were not either foreclosures, short sales or leases; two deals that I might classify as "normal" real estate deals. The...
12/30/2010
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I joke about Detroit being number one of so many bad lists and I've reported the tremendous loss of value that we've experienced locally; however, the latest Case-Shiller Market Report even surprised me. I had no idea we were so bad that the next worst city in the report isn't even in view from o...
12/29/2010
I read in my local paper this morning that, starting in January, 10,000 baby boomers a day will turn 65 and that this will happen every day for the next 19 years. Wow! That's like getting 10,000 new customers a day for the next 19 years. The same article pointed out that the boomer generation, wh...
12/27/2010
I've been publishing and distributing a paper-based newsletter to my SOI for the last seven years. As I prepared the Jan/Feb 2011 Edition (in better times it was a monthly newsletter) I started writing my annual real estate market prediction article and got to thinking about how many times I've o...
12/23/2010
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Source: Forbes, Jenna Goudreau (12/08/2010) - Using data from Moody's Economy.com, Forbes identified the top-10 states where more residents are leaving than arriving. The factors that encourage outbound migration from these states are mostly economic - high employment and high cost of living - al...
12/19/2010
A recent post by John Mulkey here on ActiveRain made the rather blunt point that the home value lost in this recession is NEVER, EVER coming back (see John's post). John explained that it has vanished into thin air and will never be recovered. He opined that, although prices will eventually start...
12/16/2010
"If you are seeking creative ideas, go out walking.  Angels whisper to you when you go for a walk."  (Raymond Inmon) from the Jack's Winning Words blog. I'm not sure whether it is angels whispering or just that a good walk can serve to clear ones mind and allow focus, but I do get some great idea...
12/13/2010
Unless a large number of very expensive homes sell in the next 3 weeks, (which is highly unlikely) one can look at the numbers that I've been collecting and reporting all year long to get a better understanding of the local market. I collect and report weekly sold data for homes in six markets - ...
12/12/2010
I had occasion to go back over the last three years of postings to my first blog (I've only been on Active rain for 2 years) recently and what jumped out at me was the recurring theme at this time of year for the last three years running - "the bottom is near and things are about to get better." ...
12/12/2010
"If we had no winter, the spring would not be so pleasant; if we did not sometimes taste of adversity, prosperity would not be so welcome."  (Anne Bradstreet) - fromthe Jack's Winning Words blog. Boy is the spring after this current real estate winter going to feel good. I can't wait, especially ...
12/10/2010
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Norm Werner

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Posts about things going on in Real Estate in Milford, Michigan; Highland, Michigan; White Lake, Michigan; Commerce Twp, Michigan,; West Bloomfield, Michigan; South Lyon, Michigan; Birghton, Michigan and HArtland, Michigan in Oakland and Livingston Counties of Michigan