Short Sale - Distressed Property Help
248-770-4940 |  |  
Edie Veenstra SRES, SFS, CDPE, ABR
Edie Veenstra SRES, SFS, CDPE, ABR
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248-770-4940

Today's National
Mortgage Rate
 Mtg Loan Today+/-Last Wk 
 30yr Fixed:  4.77% 4.85%
 15yr Fixed:  3.99% 4.13%
 30yr FHA:  4.60% 4.73%
 30yr Jumbo:  5.47% 5.51%
 1/1 ARM:  3.43% 3.72%
more mortgage info


Hi and welcome to my website.

Well, the nights are getting cooler and our days are getting shorter.  The last days of Summer are here.  Some things never change.  But when you're talking about the Real Estate market in Michigan, that's change worth talking about.

Let me share some statistics with you.  They're both positive and compelling.  My sources include the National Association of Realtors, RISMedia, Wall Street Journal, Standard & Poors, Fannie Mae and Freddie Mac, and Buffini & Company.

The recession has brought about a sense of gratitude.  72% of home owners say they have a greater appreciation and respect for owning a home than they did before the recession.

In 2011 total foreclosure filings dropped 33%.  Foreclosure activity has decreased for 20 straight months. The 5 States with the highest foreclosure inventory are Florida with 11.9%, New Jersey with 6.4%, Illinois with 5.4%, Nevada with 5.3% and New York with 4.6%. The average price discount for short sale properties is 14%. Average price discount for foreclosure properties is 19%.

As of May there have been 13 consecutive months of existing home sale increases.  Sales of existing homes in early 2012 were at the highest levels since 2007.  Here in the mid-west the median price was $140,700, up 6.4% from a year ago May.

As of June, the average 15-year fixed loan rate fell to 2.97%. Buying a home hasn't been as affordable in 41 years -- since 1971. In May 2012, cash sales made up 28% of all home sales. The average loan size in January of 2012 was $226,000.  And now, 33% of homeowners own their home outright.

If you'd like more details on these and other positive statistics contact me and I'll send my report out to you.  This is very good news for everyone - from those wanting and waiting to sell their home to the buyers waiting for the bottom to come.  We're here and going up so jump in while interest rates on loans are at a 41 yr low.

And by the way, only 21% of Real Estate Agents have a certification for short sales. I have it. I can help you or someone you know whose struggling. Just give me a call. And don't forget...I'm never too busy for your referrals.

Whatever your need, we're here to help you. Give me a call, or send me an email.  I'm here for you.

 

Edie Veenstra, Your Personal Realtor

Remerica United Realty     248.770.4940 cell 

Designations:  CDPE--Certified Distressed Property Expert,SFS--Short Sale Foreclosure Specialist, SRES--Senior Real Estate Specialist, ABR--Accredited Buyer Representative, ePro--Electronic Professional 

Professional Memberships: NAR National Association of Realtors, MAR Michigan Association of Realtors, GMAR Greater Metropolitan Association of Realtors, RPAC Real Estate Professional Action Committee, MLS  Multi-List Services

Remerica United Realty
47720 Grand River Avenue
Novi, MI 48374
248.344-1800 Office  248.770.4940 Cell                                       

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Featured Vacant Land
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View Photo $59,500 WOLVERINE LAKE VLG 0.54 67.08X145.81X90X188.46X126.07 View Details
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View Photo $38,000 WOLVERINE LAKE VLG 0.28 75.70X119X81.71X101.29 View Details
View Photo $38,000 WOLVERINE LAKE VLG 0.27 102.90X101.29X73.36X92.46 View Details

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