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Mar 31st 2011

Mortgage Industry Trend Update - March 2011

 Posted By: Real Estate In:   Mortgage Information
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March 2011

Investors and cash-only buyers seeking bargains in the nation's extensive inventory of distressed properties helped increase sales of existing homes in January to an eight-month high. Prices continue to fall, however. Case-Shiller data released in late February showed a 3.9% drop in home prices during the fourth quarter-and a 4.1% annual decline. San Diego and Washington, D.C., were the only major metropolitan areas to see a year-over-year price improvement. Thanks to new construction codes in several key states, starts rose 14.6% in January. An 80% jump in multifamily construction starts offse...


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Mar 03rd 2011

Appealing your Property Tax Assessment

 Posted By: Real Estate In:   Mortgage Information
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Appealing your Property Tax Assessment

 

Homeowners should take a good look at their property tax assessment.  Just as it's important to make sure your credit report is right, it's a good idea to make sure your property tax assessment is accurate.  

As a start, one important item to check is the status of the Principal Residence Exemption as stated on the annual Notice of Change sent by the Assessor.  If the Principal Residence Exemption is missed the tax dollars that could be saved are likely to be more than any adjustment obtained from the Board of Review. 

If you believe your tax assessment is in error, you can appeal to your local Board of Review, and if necessary, the Michigan Ta...


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Aug 13th 2010

Grand Rapids Michigan - America’s Most Stable Real Estate Markets

 Posted By: Real Estate In:   Mortgage Information
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Grand Rapids Michigan - America’s Most Stable Real Estate Markets. 

www.cnbc.com 

The Most Stable Real Estate Markets After a year of modest stabilization, the housing market is looking shaky again. For homebuyers and investors alike, there's concern about a double dip. That's bad for the real estate sector and the economy as a whole. Nevertheless, in some markets around America, prices have been stable over the past year.

1. Grand Rapids, Michigan Average absolute monthly change: 0.10% Largest monthly change: -0.26% Smallest monthly change: 0.00% Over the past 12 months Zillow home value index (high): $117,000 Zillow home value index (low): $116,100

Grand Rapids Michigan - America’s Mo...


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