Tammy Lehman's (tammylehman) Blog

When is the Fed going to realize that what we really need is a cut in long term interest rates.  A more effective step would be to get 30 Year Fixed to around 5 percent.  Doing this would entice home buyers into the marketplace and also would help refinancing for mortgagors get out of adjustable ...

  The local Chelsea real estate market has seen its downturn for nearly 2 years now, on average prices have dropped 8-20% per year since 2006.  But finally the market is beginning to show a turnaround.  Today there are 202 active homes on the market (202 Residential Homes, 111 Vacant Parcels, 32 ...

Housing statistics for the Ann Arbor Board of Realtors for September 2008 Average list price YTD (thru September 2008) at $232,076 down from $265,385 in September 2007 Average Sales price YTD (thru September 2008) at $220,089 down from $252,724 in September 2007  On a positive note vacant land pr...

HOPE is finally on the way for Homeowners. Hope is a federal program to allow the replacement of up to $300 billion in delinquent mortgages with federally backed FHA financing.  To qualify, mortgagors must have a debt to income ratio of more than 31%. Loans would have had to close prior to Januar...

Yes my homes are selling.  You ask why?  Because I price them right from the start.  It is surprising to hear from so many agents time and time again who say they are struggling to stay in the business.  Surprising because I have had the best 2 years ever, I continue to grow my business time and ...