In today's (May 3o, 2011) RealtyTimes news feed Jim Crawford has an interesting article entitled "Is Your Real Estate Blog in Violation of State Law?" Jim focuses mainly upon state laws concerning the right to advertise a property. Many bloggers, especially here in AR use this forum to advertise
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05/30/2011
According to a recent report by Zillow's Chief Economist Dr. Stan Humphries, first quarter Real Estate Market Reports, median home values, as measured by the Zillow Home Value Index, fell 3 percent during the first three months of the year. This decline was large enough to cause Zillow to push ba
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05/23/2011
Things "feel" like they're getting better in the local real estate markets to I cover. Iet's take a look at the charts to see if the data is tracking the same way. Milford appears to be on a solid upward trace, really since about mid-April. I can't get too excited about this "trend", since only t
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05/21/2011
"The way I see it, if you want the rainbow, you gotta put up with the rain." (Dolly Parton) from the Jack's Winning Words blog. I guess Dolly would make a great Realtor®, since we are certainly putting up with a lot of rain, maybe even what might be characterized as a prolonged thunderstorm
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05/17/2011
I've wondered where all of the people who seem to be leaving the Oakland County Michigan area went. Well now there's an answer, or at least Forbes claims to know where the rich people who are leaving are ending up. Click on the link below to see - http://www.forbes.com/2010/06/04/migration-movin
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05/16/2011
I know that this is only an anecdotal observation, but May seems to be off to a very slow start this year, so far as home sales go. That could well be attributed to the terrible (and at times cold) rainy weather that we've had. It certainly hasn't been all that good for open houses so far this mo
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05/16/2011
I've been really busy lately with listing s and buyers, and that's a good thing. Unfortunately I find that I've also had to spend a good deal of time with the buyers explaining and apologizing for the practices that we are hitting in real estate these days, mainly because they tend to want to loo
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05/14/2011
The month of April 2011 was perhaps a tuning point in the process of recovery in the Southeastern Michigan real estate market. The results for April, 2011, in six local markets that I have been tracking for over a year are shown below, along with up-to-date Altos Research charts of the median sal
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05/07/2011
There were 17 homes that sold for more than $20,000 in Milford, Michigan in April, 2011. Of those 35% were distressed sales – either foreclosures or short sales. The Average Sale Price was $368,556 and the Median Sale Price was $240,000. Those figures (the Average was greatly influenced by one sa
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05/02/2011
With a tip of the hat to Bill Gasset, who reported under the same headline for the Milford, Massachusetts market. There were 17 homes that sold for more than $20,000 in Milford, Michigan in April, 2011. Of those 35% were distressed sales – either foreclosures or short sales. You can see that late
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05/02/2011
