Foreclosure in Michigan>Question Details

Mitchell Hall, Real Estate Pro in New York, NY

Is Michigan's real estate market improving?

Asked by Mitchell Hall, New York, NY Thu May 17, 2007

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Most definitely. We are seeing an improvement in the very high end of the market, in particular. This bodes well for the rest of the market, as the wealthy buyers demonstrate a return of confidence in the market. I'm linking to an article that I think might answer the question even better.
3 votes Thank Flag Link Fri May 18, 2007
Maureen Fran…, Real Estate Pro in Birmingham, MI
That is really good to hear Maureen
2 votes Thank Flag Link Wed May 23, 2007
Mitchell Hall, Real Estate Pro in New York, NY
Actually we are number 51 in states from Office of Federal Housing Enterprise Oversight's house price index website.
Web Reference:
1 vote Thank Flag Link Sun Jun 3, 2007
Yikes! I know I'm late in the game responding - but the end of October 2007 Michigan is in the dumpster. Oh Gee, we moved from #1 in foreclosures to #4 last week but check out the economy, the latest tax increases and auto contracts being negotiated - we're in a heap of trouble. I have high hopes for my great state but we have a very long way to go! To prior responders - where were you in May when the bottom began to fall? Jus Curious!
0 votes Thank Flag Link Fri Oct 19, 2007
As usual your answer is "It depends" Michigan is really too broad of a market to give a "correct" answer. The market in Southwest Michigan has been stable (after declining in 2006) but the impact of a new casino will help sellers (and REALTORS) in the Calhoun county area. I would check with a local REALTOR for a more specific answer to your question.
0 votes Thank Flag Link Fri Jul 6, 2007
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