Houzz.com pictorial site is searchable site of photos for about any decorating idea or need you have. Its the “pinterest for home ideas. Take a look.
After you read the below article I posted in 2012, jump on forward to this:
… so said Time mag back in July 2011. Click the photo to check their logic.
I wouldn’t have called out the buyers quite so quick, but now I’m bullish on buying. Why now ? Here’s a couple Detroit area articles showing recent price movements.
BTW, nationally, the big increases are right now happening in the areas that took the biggest hits….no surprise in that, to wit: Miami, Detroit, Arizona, LasVegas…etc.
- Home prices rise in Michigan, across U.S. in September over 2011 levels 9/2012
Hot Foreclosure States
States with the largest % of savings based on September 2012 avg. sales price vs. avg. foreclosure sales price.
State Foreclosure Savings Kentucky 50% Massachusetts 48% Michigan 48% Connecticut 45% Illinois 45% Ohio 44%Select State:
Michigan Cities with the highest increase in quarterly average home sales prices based on the last two calendar quarters, updated Nov 2012.
City, State Avg. Home Sales Price Quarterly % Change Lansing, MI $70,417 37.05 % Otsego, MI $125,500 36.02 % Rockwood, MI $157,702 32.01 % Ecorse, MI $15,238 31.90 % Spring Lake, MI $174,808 31.41 % Eaton Rapids, MI $119,000 23.94 % Twin Lake, MI $105,474 21.64 % Milford, MI $255,177 21.16 % South Lyon, MI $237,061 20.25 % Davisburg, MI $237,600 18.72 %
“People trying to do short sales are freaked out about it,” said Elizabeth Weintraub, a real estate agent in Sacramento, Calif. “They’re telling me they’ll do whatever it takes to close by the end of the year.”
….. If the Mortgage Forgiveness Debt Relief Act of 2007 does not get extended by Congress by the end of the year, homeowners will have to start paying income taxes on the portion of their mortgage that is forgiven in a foreclosure, short sale or principal reduction. more