Many clients ask where the Ann Arbor real estate market is headed.  The US market is very different from our local Washtenaw real estate market.  Well, my crystal ball is on Holiday mode, but I do want to share some economic indicators that I read often and were presented last week, below:

·  Commentary and housing overview: Residential Investment: Moving Sideways

·  Treasury Uncaps Fannie and Freddie: TREASURY ISSUES UPDATE ON STATUS OF SUPPORT FOR HOUSING PROGRAMS

·  From Bloomberg: U.S. Commercial Real Estate Index Falls 1.5%

·  Existing Home Sales up Sharply in November

·  New Home Sales Decrease Sharply in November

·  November PCE and Saving Rate

An excellent econmic synopsis is the blog I subscribe to is www.CalculatedRiskblog.com.

We are here to help you relocate from and to Ann Arbor, Saline, Dexter, Chelsea, Milan, Ypsilanti.  Let us consult with you. If you want to look for Foreclousre deals please go to http://kathytoth.com/foreclosure_deals.

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Ann Arbor Short Sales are not going away.  See the report tracking approximately 65 percent of outstanding U.S. mortgages, the Office of the Comptroller of the Currency (OCC) and Office of Thrift Supervision (OTS) said lenders under their jurisdiction completed 30,766 short sales and 118,603 foreclosure sales during the third quarter.

The full report details the break down of loans of sub prime, prime, arms, etc.  The bottom line is defaults are not going away. Delinquencies at the end of the third quarter increased to 3.6 percent of prime mortgages, up almost 20 percent from the previous quarter and more than double a year ago.  The lenghty report is http://www.occ.treas.gov/ftp/release/2009-163a.pdf.  If you are facing eminent missed loan payments or are late on payments, talk to us about your otpions.  Timing of your response is essential to the solutions you may have.  Call your Ann Arbor Real Estate Experts confidentially at  734-426-6669, or visit www.AnnArborShort Sale.com.  There are 362 short sales RES Map View-Multiple Prop in Ann Arbor Schools with average list price of $414,000.  To find the best deal for you, call us 734-669-0337

Find out what your Ann Arbor Area Home is Worth

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Kathy Toth & Team: Ann Arbor Area Real Estate Experts

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Foreclosure recordings are lower in Washtenaw County. An updated table of monthly Sheriff Deeds recorded is presented below from 2002 to now.

What I am concerned about is the shadow inventory or delay in foreclosures that may surface in the new year. Search for all Ann Arbor Area Real Estate Foreclosures.

There are 29 non private owned homes for sale in Ann Arbor Schools right now. Click to see RES – Medium View. Many home which are on the market are privatly owned but have gone to sherrif’s sale and are being sold during the redemption time frame. Many of these may not be sold and may end up with evictions: see below.

These non private Ann Arbor owned homes range in price from $1,900,000 to $36,000.

To find all Ann Arbor Area Real Estate, click here.

Find out what your Ann Arbor Area Home is Worth

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Your Home Sold Guaranteed

Kathy Toth & Team: Ann Arbor Area Real Estate Experts

www.KathyToth.com Ann Arbor Market Center Keller Williams Realty

Huron Farms 7168 Ulrich, Dexter SHORT SALE, SOLD –  Huron Farms Subdivision

HURON FARMS DEXTER REAL ESTATE SHORT SALE.THIS PERFECTLY APPOINTED, LIGHT FILLED DEXTER REAL ESTATE HOME IS WORTH WAITING FOR.ENJOY THE BEST OF BOTH WORLDS WITH NEIGHBORS AND FANTASIC SPACE BACKING UP TO THE HURON RIVER AND STATE LAND, HARDWOOD FLOORS, A GLORIOUS KITCHEN WITH MAPLE CABINETS AND STAINLESS APPLIANCES, EATING SPACE. ENJOY A FORMAL DINING ROOM & STUDY W/FRENCH DOORS. LOVELY MASTER W/SEPERATE TUB. THE FINISHED WALKOUT IS FULL OF NATURAL LIGHT AND RECESSED LIGHTING. THERE IS A ROOM PLUMBED & READY FOR 3RD BATH. BRICK FRONT ADDS TO THE RICHNESS OF THIS GORGEOUS HOME IN DEXTER REAL ESTATE! HURON FARMS CONDO DUES ARE CURRENTLY $225; SEE HURON FARMS MASTER DEED AND AMMENDMENTS

Hi Kathy & Team,

We would like to thank you for all the work you have done with selling our home in Dexter. We know it’s been a long and complex process and we want to thank you for believing and keeping focus on the job – I’m confident that it made the difference!

We will definitely recommend Kathy Toth & Team to anyone who is considering selling or buying a home.

Thanks again for all your efforts – you made this a positive experience in a not so positive situation.

Med venlig hilsen / Best regards

Jan H Sennov

Related Links
See Extra Photos for 7168 Ulrich
Visit our website for an in-depth property detail page
Looking for more Listings in Dexter, Michigan?
Please visit our website for a complimentary MLS search

Additional DEXTER REAL ESTATE Listings

Huron Farms: 7506 Lake St, Dexter Schools: Dexter Real Estate: SHORT SALE

HURON FARMS DESIGNER FLAIR IN DEXTER REAL ESTATE. LARGER LOT IN DEXTER REAL ESTATE. ON QUIET CUL DE SAC NEAR NEIGHBORHOOD PARK, SHOPS, SCHOOLS. BRICK PAVER PATIO, CLASSIC FLOOR PLAN, PARTIALLY FINISHED BASEMENT.SHORTSALE SUBJECT TO BANK APPROVAL.    The community of Huron Farms has an excellent active homeowners association with its own website.  You can click here to view Huron Farms master document and Huron Farms amendments showing the plans for the layout of the whole community. Annual fees are currently $220.

Related Links
See Extra Photos for 7506 Lake St, Dexter Schools
Visit our website for an in-depth property detail page
Looking for more Listings in Dexter, Michigan?
Please visit our website for a complimentary MLS search

Additional DEXTER REAL ESTATE Listings

FORECLOSURE  754 Taylor Rd., Chelsea, Bank Owned

ANN ARBOR REAL ESTATE CLASIC RANCH.  EXTRA LONG LOT FOR FOOTBALL PARTIES. STORAGE SHED FOR EXTRA STORAGE.

Related Links
Visit our website for an in-depth property detail page
Looking for more Listings in Ann Arbor, Michigan?
Please visit our website for a complimentary MLS search

Additional ANN ARBOR AREA REAL ESTATE Listings

Well an old friend Beverly Sikorski, said you can never have too much education.  So we went to another class on Short Sales to make sure we can do the very best for our Ann Arbor Real Estate clients, based on changing needs of Sellers and Seller lender requirements. I took a video of instructor Jacob.

We have many posts on Short Sales and we closed on another one on Friday.  Actually the buyers lending was not complete, so funding will be on Monday for 3701 Meadow View.  I originally met with these folks on Jan 1, 2009.  Yes, the holiday.  They said they were in foreclosure and I did not want to waste time.  Well months later and several offers, we closed.

If you think a short sale is one of your options to explore, visit www.AnnArborShort Sale.com.  Call any time to explore all your Ann Arbor Real Estate options. See Ann Arbor Area Short Sale Buyer Video Below.

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Kathy Toth & Team: Ann Arbor Area Real Estate Experts

www.KathyToth.com

Keller Williams Realty