Real Estate Market Update January 2010 Greater Lansing Michigan

The Greater Lansing Real Estate Market has seen a substantial decrease in inventory of residential listings over the past few months, which is good news for homeowners. Here's a real estate market update for your information:



Thanks for watching, search homes or obtain additional information on my website

Mike Bowler Sr. ePRO, CRB, GRI, SRES
Coldwell Banker Hubbell Briarwood
One of 25 Most Connected Professionals in Real Estate
Inman News Top 50 Most Influential Online
1020 S Creyts Rd. Lansing, MI 48917
517-492-3400
mike@mikebowler.com
Website for Consumers

American Recovery & Reinvestment Act, NAR

In the February 17 video podcast, 2009 NAR President Charles McMillan, NAR's Chief Lobbyist Jerry Giovaniello and NAR's Chief Economist Lawrence Yun discuss the housing provisions in the new economic stimulus law and their impact on the housing market and the overall economy
Hope you enjoy. Search Homes at MikeBowler.com

more about "American Recovery & Reinvestment Act,...", posted with vodpod
First time home buyers in the greater Lansing real estate market have a wonderful opportunity to take advantage of the new tax break, low interest rates, and plenty of great homes to choose from.
Visit: my site for searching homes.

Inventory of New Homes at Low, Could Be Good News for Other Sellers

I received this post today from The Mortgage Guys, in Lansing Michigan. They keep me posted on a daily basis of the current financial market conditions, interest rates and to either lock in the rates or float. This is good service for home buyers and sellers in the greater Lansing area to have access to search homes on my site and get solid financial information from my contacts in our concierge department. Thanks Don for another great update.

In August, home builders broke ground on the fewest number of homes since January 1991.

It was the 16th straight month in which Housing Starts declined.

But, although the press labels these statistics indicative of a recession, home sellers nationwide quietly applaud them.

With fewer new homes coming on the market, home sellers are finding that there's less competition for buyers, helping them to command higher prices for their homes.

It's Supply and Demand in its most basic form.

But that's not all that home buyers have to worry about. The most recent Existing Home Sales report showed an increase in sales nationwide, plus a reduction in the number of single-family homes for sale.

Again, Supply and Demand. Good for sellers, bad for buyers.

However, we should keep in mind that real estate is local. What we see in national and regional trends are not as important as what's happening in your town, your neighborhood, and your street. But, if we learn one thing from the chart above, it's this: builders are rational.

If homes won't sell, builders will stop building them. And, sooner or later, the market -- and home prices -- will catch up.

(Image courtesy: The Wall Street Journal)

"Expect the Best" Mike

Are You Puzzled About the Real Estate Market in Greater Lansing?

If You're thinking of selling your home in the current real estate market, it's important to have a real estate professional that has a positive attitude, has experienced tough times (Early 80's), knows your market, Internet technology, real estate law, negotiation skills and someone who is ready to go to work for you.

Your home's value depends on many factors, including its style and size, amenities, condition and, of course, location, location, location. In addition, the value of your real estate investment can be affected by market conditions: interest rates, supply and demand and the overall strength of the economy.

My Home Sellers Kit is packed with information to assist you in your decision making process. You can also order your FREE Internet Marketing Seller Presentation here to discover the various syndicated websites your property will be exposed to when marketing your home with me. Not only will your listing get serious advertising on my website and on the websites of all of my network partners . . . I will also push it out all over the web, to the busiest real estate marketplaces online.

My goal is to provide you with the latest real estate marketing systems, technology and a high level of customer satisfaction to get you happily moved into your new home or to sell your existing home. In modern markets, having a technological edge can make a dramatic impact. I have that edge, and I am looking forward to using it to your advantage.

“Expect the Best” Mike

Mike Bowler Sr. ePRO, CRB, GRI, SRES

Coldwell Banker Hubbell Briarwood

1020 S. Creyts Road, Lansing, MI 48917

Phone: 517-492-3400 Fax: 888-832-6203

email: Mike@MikeBowler.com

Website for Clients: MikeBowler.com

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Lansing Real Estate, Stars, Science, & Grilled Cheese

The Greater Lansing area is a great place to live, work, and visit, there are also great things to do here for all ages. Abrams Planetarium offer a variety of planetarium shows if your interested in the stars and planets. Sharon and I took our grandson there recently and thought it was wonderful. I highly recommend it. Another great place is Impression 5, to bring a group of children of all ages. There are workshops, tours and a variety of educational displays.
I provide a list of various community sites, in addition to other important links for the Lansing area on my website.

Now, before we get back to real estate, I thought you may find this interesting. Grilled Cheese Sandwich Restaurants are starting to pop up, Akron Ohio just opened one. I hope we get one in Lansing soon, everybody loves grilled cheese sandwiches.
The real estate market has shown some improvements over the past month and will gradually improve as the weather changes. With 0 degree temperatures on Sunday, not many buyers were out looking at open houses, however the ones who were, are serious buyers. Interest rates are below 6%, pricing is great, there is plenty to pick from. There has never been a better time to buy a home.
Bookmark my site for all your real estate needs and I also invite you to subscribe to my blogs.
"Expect the Best" Mike

Greater Lansing Tips & Tools For Real Estate

I am beginning to see more activity in sales around the Lansing area compared to last year at this time. It appears that the buyers are getting off the fence, realizing that when interest rates are below 6% it’s time to make their move. The National Association of Realtors has launched a new website reaching out to consumers with the facts about home ownership and the value of real estate as a long-term investment. I encourage you to visit it.
If you’re a potentially ready, willing and able buyer thinking of owning a home and realize that at the end of the year as a renter you only have receipts, you may want to try out this Buying vs. Renting work sheet. It's a nice tool to compare owning a home vs. renting.
The greater Lansing area still has a nice selection of inventory and highly motivated sellers, who may even be willing to take you out of that lease your tied into. We're seeing some creative things going on right now that may disappear as inventory stabilizes back to normal levels.
You are always encouraged and welcome to bookmark my website for the tools and articles on buying and selling real estate.
"Expect the Best" Mike