Mar 22
Happy Easter, Ann Arbor and Saline.
Who would have thought?
I’m usually in Florida for Easter Sunday, so not only was I home but a White Easter.
Mar 21
In the 50’s, the average price of a home was $8450.00. Gas was 18 cents per gallon, a new Chevy Corvette was $3631.00, a 17” black and white TV was $179.95, and a 1 carat diamond ring was $399.00. The average income was $5010.00.
I remember when my parents built their home in 1961. It costs $18,000.00 and their interest rate was 8 1/2%. I can hear my dad, saying, “I don’t know how you will be able to afford a house someday, with interest rates so high”.
My husband and I bought our first home in
$68,000. for it on a 5 year land contract for 11%, we were thrilled as interest rates were up over 18%.
We had just moved here so it was quite alarming.
The point is: the economy is cyclical. It changes. We need to be thinking long-term and not short-term. Soon we will be back to multiple offers, probably with higher interest rates. That market will be different. There is no quick fix for the problems we are facing, it is prime time to buy if you are going to be here from 3–5 years and need a home or condo.
Downturns can be good. Yes, I said GOOD!
History is our greatest friend, because we know others have set the path before us, and we can look at our history and know that in the future, we will be back in a sellers market. Those who don’t look at history are doomed to repeat the past. We will be smarter, and wiser.
There are currently 152 homes on the market in Ann Arbor between $100,000.00 and $200,000.00. That is amazing. Take a look.
Call us when you ready 734–821–0757 or email: info at MissyCaulk.com
Mar 21
The Saline Chamber ”BBR” breakfast scheduled for next Tuesday, March 25th at Brecon Village. This month’s breakfast is sponsored by Stonebridge Golf Course. Call 734–429–4494 for reservations. The Chamber is taking early reservations now (prior to public promotion) from members for “Saline Salutes” on April 18th at the Saline High School Auditorium. Cost just $20. This year’s Guest Emcee is Lucy Ann Lance, formally of WAAM. The Chamber is still looking for sponsors if you would like to help out.
Our friends at The Polo Fields Golf & Country Club are having a “Taste of Wine & Art Festival on Friday, April 4th from 6:00 p.m. - 9:00 p.m. $5.00 for members of the Chamber of Commerce in Saline, Plymouth, and Ann Arbor. $10.00 for others. It’s “an evening of fine art and fine wine showcasing local artists. Details call Diana Kuenzli at (734) 998-1555
We’re already signing up golfers for our Annual Golf Outing on June 3rd at Stonebridge.
The Saline Youth Council made a presentation to us this week for a Teen Job Fair
that they are having on April 12th at the Saline Rec Center from 10:00 a.m. - 1:00 p.m.
If you are interested in hiring summer help, it would be a great source to connect with
with some terrific Saline area kids. Call us if you are interested in having a presence
there or if you would like more information.
If you are looking to make a move to Saline, MI, you can begin your home search here.
Mar 20
Two new technology firms are coming to Ann Arbor. The Michigan Economy Development Counsel and Ann Arbor Spark have been instrumental in the planning.
MyBuys Inc from Redwood, CA which is a personalized product recommendation for online retailers is expected to create 606 jobs.
Sakti3 is a start-up company, that will develop batteries that can withstand the demands of automotive use. Electic cars becoming more and more in demand it is so important to critical to have batteries that can withstand the use of use in our cars.
For more information you can read the entire story on new jobs coming to Ann Arbor.
All together it will bring about 836 jobs to the Ann Arbor Area.
Yea, great news and let’s absorb some of that housing inventory.
Mar 19
To those of us who live in
Most of foreclosed homes in
In the 90’s many homeowners were quick to refinance their homes, assuming the market would continue to rise at the historical 8% in
As a Realtor when I visited homes and the homeowner told me they had an appraisal that was higher than what I determined the market value for selling to be, the homeowners were dismayed. Traditionally refinance appraisals are always high, as the banks would anticipate the homeowner was staying in their home and not selling. There is a difference in a refinance appraisal and a 90 sale appraisal.
So many, many homeowners refinance, pulled money out to buy a car, take vacations and pay off credit cards. Then the bubble burst and not only did homes stop appreciating but they declined in value. I am currently seeing home prices down to the 1998 prices in many of the areas in
If you area buyer this is a good time to take advantage of the market conditions in Ann Arbor and Washtenaw County.
Here is a cute video, I found on YouTube by Dave Girtsman that was linked to on Twitter.
Help is on the way……….
Legislation that allows the Michigan State Housing Development Authority (MSHDA) to create a loan program to assist homeowners facing adjustments in their interest rate passed both chambers and is awaiting the Governor’s signature.
The legislation would allow MSHDA to implement the “Save the Dream” refinancing program, which would be available through lenders and remain an option for individuals. The new program would aid those in danger of losing their homes by refinancing for more affordable payments. Every home spared from foreclosure not only helps the individual, but has a positive economic “domino effect” on communities, cities and the entire state.
If you need to contact a lender to find out about refinancing under the MSHDA program, give me call at 734–824–0757 or email me missy at missycaulk.com
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