miOaklandCounty.com

Two of our posts were honored by Larry Cragun to be considered for his Magnificent 7.
We appreciate your nomination, Lar! Thanks.
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Written by Maureen FrancisSKBK Sotheby’s International Realty, 248.430.4450
Visit WebsiteSearch for homes in Oakland County_____________________________________________________________

I don’t know if it was naivete or wishful thinking. Yesterday I had a call from a consumer who was looking for homes for her mother. She had found something she thought was suitable and she wanted to see it that night. I had never met her before, so part of my […]

In today’s overflowing real estate market, home sellers need a psychological edge to ease the home selling process. They need to move on with their lives. They need to find a magic marketing tool that will set their home apart from competing houses for sale on the block. That magic marketing tool is home […]

I doubt that there has EVER been a better time to make an investment in Michigan real estate. Opportunities abound, and smart investors will be rewarded.
Not long ago, I heard about an out of state “investor” who made his first real estate investment in Michigan. He was sold a high end home in […]

The Federal Reserve Board met today and reduced the Federal Funds rate by ½ % but what does that mean for mortgage rates? The Federal Funds Rate is the rate of interest that banks are charged for short term loans and has a direct impact on the Prime Rate. Many variable […]

Right out of college I worked as a commercial loan officer for First of America Bank in Kalamazoo. Every loan decision in every area of the bank was made manually, by a human being or a committee of human beings if it were large.
One spring, the residential mortgage department was buried in applications […]

Last week the Detroit New’s new Real Estate reporter, Nathan Hurst, and I had a chance to talk on the phone. Nathan has been here a couple of months now, and is excited about his new position covering the Metro Detroit real estate beat. He comes here from Boston and Nathan admitted that […]

Consumers might not notice this readily, but a different kind of correction is taking place in the Southeast Michigan real estate market: agents are quitting the business.
The exodus in the mortgage industry began some time ago, maybe more than a year. With refi business falling off and purchases at a lower rate, mortgage […]

Today I am excited to introduce a new contributor to miOaklandCounty.com, Marianne Sweet of Home Sweet Home Staging, LLC. We are seeing more and more clients use the services of a professional stager, and other clients who haven’t even heard of staging. Marianne has graciously agreed to share some her knowledge and wisdom […]

Metro Detroit ranks 3rd in terms of the nation’s most affordable housing markets, according to Forbes magazine.  They report these stats:
Median home price: $154,600
Median household income: $63,052
Recent affordable home sales: 87.4%
They explained that it would take just over two years of gross income to purchase a home in a market like Metro Detroit, though many […]