The market overall is going through a normalizing process and has been since August 2005. It has only just recently resonated to our area. In our region, the market behaves with the seasons as well as national influences. As such, in the winter there is not as much activity as one would see in the Spring or Summer. Basically, over winter many sellers and buyers go into hybernation mode. And as one sees the first crocus bloom in Spring, so does the local market. But specifically answering your question regarding the amount of house for sale in Michigan City, I would offer these reasons: 1) Foreclosures, 2) ARM mortgages spiking the interest rates which the home owner cannot afford, 3) Pique selling season, 4) Buyers holding out for better deals.
In all, the inventory of homes is not only isolated to Michigan City...it is a phenomenon across the nation.... more
Feel free to call my friend KEN KOSOVEC
His cell is
Works for Re/Max. Just let him know that Aida from Pittsburgh(I'm his son's realtor and friend) referred you to him.
Good luck... more
Consider asking your question again and attach a link, so that the question can be answered accordingly--If you are looking at a RealtyTrac ad--RealtyTrac's information is not always accurate and oftentimes misleading--you could be looking at a lis pendens property--notice of default--some of those properties may not be for sale yet, and some may never be, if the default is satisfied by the owner; or you could be looking at some kind of filing fees-- If you are interested in foreclosures, work with an agent--he/she will have access to reliable information--also don't overlook traditional sales as some may turn out to be a much better bargain than some of the foreclosure properties.... more