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Michigan Home Sales Post Double Digit Gain in May
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Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
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Michigan Home Sales Post Double Digit Gain in May
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
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Michigan Home Sales Post Double Digit Gain in May

July 9, 2012 (Shirley Allen)

The spring/summer selling season kicked into high gear in Michigan during May as monthly sales of existing single-family homes and condominiums posted double digit gains following a flat April according to the latest housing data from the Michigan Association of Realtors® (MAR).

An estimated total of 11,516 existing single-family homes and condos were sold in the Great Lakes State in May. That was 13.6 percent higher than the 10,136 homes sold in April and 18.6 percent higher than the 9,713 homes sold in May 2011.

The average sales price for an existing home in Michigan increased by 7.2 percent in May to $111,535, up from $104,058 in April, and was 9.1 percent higher than the median price of $102,249 in May of last year.

Of the 41 boards and counties that provide data for the monthly report, thirty-four reported gains in home sales or were unchanged over the previous year with Sanilac (+76.9%), Southwestern Michigan (+61.2%), Central Michigan (+47.1%), Huron (+46.9%) and Monroe County (+46.9%) reporting the largest increases.

Shiawassee (-61.3%), Detroit (-18.0%), Huron County (-16.7%), and Bay County (-6.0%) posted the largest declines in annual sales.

Oakland County recorded the most sales for the month with an estimated 1,717 home sales, up from 1,448 the previous month, while Greater Wayne County followed with an estimated 1,490 home sales for the month, up from 1,291 in April.

Year-over-year, thirty boards and counties posted an increase in their average prices led by Hillsdale (+68.0%), Lenawee (+39.7%), Sanilac (+35.3%), the Mason-Oceana-Manistee area (+34.2%), and West Michigan Lakeshore (+26.9%).

Clare-Gladwin (-16.2%), Central Michigan (-10.9%), Water wonderland (-10.3%), St. Joseph (-7.8%), and Greater Kalamazoo (-7.8%) posted the largest declines in year-over-year average home prices.

Through the end of May, home sales in Michigan were 10.4 percent higher than they were at the same time last year.

Tags: existing homes, condos, sales, median home prices, Michigan

Source:
MAR

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
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Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
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July 9, 2012 (Shirley Allen)

The spring/summer selling season kicked into high gear in Michigan during May as monthly sales of existing single-family homes and condominiums posted double digit gains following a flat April according to the latest housing data from the Michigan Association of Realtors® (MAR).

An estimated total of 11,516 existing single-family homes and condos were sold in the Great Lakes State in May. That was 13.6 percent higher than the 10,136 homes sold in April and 18.6 percent higher than the 9,713 homes sold in May 2011.

The average sales price for an existing home in Michigan increased by 7.2 percent in May to $111,535, up from $104,058 in April, and was 9.1 percent higher than the median price of $102,249 in May of last year.

Of the 41 boards and counties that provide data for the monthly report, thirty-four reported gains in home sales or were unchanged over the previous year with Sanilac (+76.9%), Southwestern Michigan (+61.2%), Central Michigan (+47.1%), Huron (+46.9%) and Monroe County (+46.9%) reporting the largest increases.

Shiawassee (-61.3%), Detroit (-18.0%), Huron County (-16.7%), and Bay County (-6.0%) posted the largest declines in annual sales.

Oakland County recorded the most sales for the month with an estimated 1,717 home sales, up from 1,448 the previous month, while Greater Wayne County followed with an estimated 1,490 home sales for the month, up from 1,291 in April.

Year-over-year, thirty boards and counties posted an increase in their average prices led by Hillsdale (+68.0%), Lenawee (+39.7%), Sanilac (+35.3%), the Mason-Oceana-Manistee area (+34.2%), and West Michigan Lakeshore (+26.9%).

Clare-Gladwin (-16.2%), Central Michigan (-10.9%), Water wonderland (-10.3%), St. Joseph (-7.8%), and Greater Kalamazoo (-7.8%) posted the largest declines in year-over-year average home prices.

Through the end of May, home sales in Michigan were 10.4 percent higher than they were at the same time last year.

Tags: existing homes, condos, sales, median home prices, Michigan

Source:
MAR

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

July 9, 2012 (Shirley Allen)

The spring/summer selling season kicked into high gear in Michigan during May as monthly sales of existing single-family homes and condominiums posted double digit gains following a flat April according to the latest housing data from the Michigan Association of Realtors® (MAR).

An estimated total of 11,516 existing single-family homes and condos were sold in the Great Lakes State in May. That was 13.6 percent higher than the 10,136 homes sold in April and 18.6 percent higher than the 9,713 homes sold in May 2011.

The average sales price for an existing home in Michigan increased by 7.2 percent in May to $111,535, up from $104,058 in April, and was 9.1 percent higher than the median price of $102,249 in May of last year.

Of the 41 boards and counties that provide data for the monthly report, thirty-four reported gains in home sales or were unchanged over the previous year with Sanilac (+76.9%), Southwestern Michigan (+61.2%), Central Michigan (+47.1%), Huron (+46.9%) and Monroe County (+46.9%) reporting the largest increases.

Shiawassee (-61.3%), Detroit (-18.0%), Huron County (-16.7%), and Bay County (-6.0%) posted the largest declines in annual sales.

Oakland County recorded the most sales for the month with an estimated 1,717 home sales, up from 1,448 the previous month, while Greater Wayne County followed with an estimated 1,490 home sales for the month, up from 1,291 in April.

Year-over-year, thirty boards and counties posted an increase in their average prices led by Hillsdale (+68.0%), Lenawee (+39.7%), Sanilac (+35.3%), the Mason-Oceana-Manistee area (+34.2%), and West Michigan Lakeshore (+26.9%).

Clare-Gladwin (-16.2%), Central Michigan (-10.9%), Water wonderland (-10.3%), St. Joseph (-7.8%), and Greater Kalamazoo (-7.8%) posted the largest declines in year-over-year average home prices.

Through the end of May, home sales in Michigan were 10.4 percent higher than they were at the same time last year.

Tags: existing homes, condos, sales, median home prices, Michigan

Source:
MAR

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS