Everybody wants to know.
No one really knows.
When we will "hit the bottom" of the market in Ann Arbor.
Here is the list of price reductions in the Ann Arbor Area for the week of 3-21-09 through 3-28-09
Single Family Homes price reductions
The only sure fired way to tell if the market has bottomed out is when it is on it's way up. Then you look back and with 20/20 Vision say, "Yes, that was it".
With interest rates low, home prices low we are in a perfect storm.
Storms don't last, either will the low interest rates and eventually prices will stabilize and then start to appreciate again.
First time home-buyers don't forget about the $8000.00 tax credit if you are going to purchase this year.
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Search Ypsilanti houses for Sale.
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Missy Caulk & Team can be reached at 734-216-2822 or email: Missy@MissyCaulk.com
Our TEAM of 6 buyer associates are available to help you relocate to Ann Arbor, Saline, Dexter, Chelsea, Milan, Ypsilanti Township, Clinton, Manchester, Whitmore Lake, or throughout Washtenaw County, MI.
Thinking of selling your home?
Search the Ann Arbor Area MLS.
Missy Caulk & Team can be reached at 734-926-9797 or email: Missy@MissyCaulk.com
Our Team of 6 agents are available to help you relocate to Ann Arbor, Saline, Dexter, Chelsea, Milan, Ypsilanti Township, Clinton, Manchester, Whitmore Lake, or throughout Washtenaw County, MI.
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Stay strong, stay faithful, stay honest, stay loving, stay true to who you are, most importantly stay true to who God is as you'll be who you are, and you'll be happy, you'll be you, you'll be free. -Jamie Caulk
Hi Missy, great answers to that question! I agree it is the perfect storm for buying.
Fence sitters and watchers will know when the market hits bottom when they see it in the rear view mirror! And for most people, if they are buying for themselves to live in for the long term, at this point it doesn't really matter if we are at the bottom of the market, we are close enough.
Missy, when you hit bottom you will feel it and hear a definite THUD...
Hi Missy...As REALTORS, we will know when we hear our buyers say, "I should have................".
That may be on the horizon. I'm optimistic as usual.
Kate
Hi Missy. Good stuff.
Like the post. Simple.
I need to do more posts like this...
Keep rocking!
Ken
Missy--You mean you don't have a crystal ball and know the exact date and time when the market bottoms out so you can email all of your buyers? Would that be wonderful? I agree that now is pretty much the perfect time for a good buyer deal! :)
Feels like the bottom has been reached in my area. We are seeing multiple bids now on properly priced properties. I am encouraging my clients to go above list price in these situations. One of my clients lost the bid even though he went over list (there were 4 offers).