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May Market Update

Posted on: June 6th, 2015 No Comments

During the May Market Update, Dan shares the good news that business is up and that there is still a good amount of buyer demand left in the market. In addition to market information, Dan sets aside some time to discuss a couple of current issues that we need to be aware of as we go about our business.

Projected Appreciation Over the Next 5 Years

Posted on: March 18th, 2014 No Comments

The Max Broock Family Ranks #3 in MI for the Top Work Place!

Posted on: November 18th, 2013 No Comments

Congratulations Everyone!!!!

 

We now rank #3 in the Michigan Top Work Place rankings among large companies!!!!!

You recall that last year we were #5 so we have moved up two slots – which is not easy to do.

 

A big thank you to those who filled out the surveys, as these provided the data for the rankings.

Most of all, thank you for the role all of you play in making the REO Family of companies a great place to work.

It is the thousands of interactions that our 2,200 sales associates and employees have with each other

that creates an enjoyable and rewarding environment.

 

Please check out this Sunday’s Detroit Free Press which will have a section devoted to Top Work Places.

I believe they will spotlight us as we were one of the top companies.

 

Dan and I are so fortunate and proud to work with all of you.

 

Many thanks,

Dan and Stu

 

Stuart Elsea

President – Financial Services

Real Estate One Family of Companies

 

 

Just when you think the market can’t get any wilder…

Posted on: August 13th, 2013 No Comments

July activity hit near record highs and lows, highs in terms of home sales and lows in terms of low inventories.

Read article here

 

March Case-Shiller Index

Posted on: March 27th, 2013 No Comments
The latest Case-Shiller confirms the trends we have been seeing with values up across the country and specifically in Southeast Michigan. Although Case-Shiller only covers the Detroit area, our data shows the same trends across the state, with SE Michigan showing the strongest gains, followed by the Grand Rapids market and NW Michigan not far behind.
The Detroit area is singled out as one of the fastest growing, but in the latest data, growing at a slightly slower pace.  Remember this is based on sales data from summer/fall of last year. Since last fall the market has only gotten stronger in terms of buyer activity, so I would expect we will get back to one of the top most active markets in ensuing reports. The great news is we are showing multiple months in excess of 10% for an annualized appreciation rate!
Values may not be back to 2005 peaks, but your Sellers will be pleasantly surprised at where they have moved to.

January 2013 Market Update

Posted on: January 14th, 2013 No Comments

image005The market demand remains strong and inventory is predicted to stay lower than the demand so its a great time to list your home.  Click Below to view the entire article from our company President Dan Elsea.

January Market UpdateMB

The housing market seems to be “just enough”

Posted on: October 26th, 2012 No Comments

The best way to describe the current market seems to be “just enough”. Both the economy and market values are rising just enough to bring just enough sellers into the market to satisfy just enough of the buyer demand to keep the market moving and prices rising.

Keep reading here

Housing Market Rev’s up in Detroit

Posted on: October 3rd, 2011 No Comments

The link below contains a great article about Detroit from the Wall Street Journal on Tuesday. It came out of a conversation with a WSJ reporter about foreclosures issues in which he got excited about the strong activity in metro Detroit!

Click Here to Read

The Weekly Market in Review for 7/11/11

Posted on: July 12th, 2011 No Comments

Our economy in the US is driven by consumer spending, which accounts for almost 70% of Gross Domestic Product (GDP). Three driving forces, high unemployment, high commodity costs, and a depressed housing market are currently hampering consumer spending and thus keeping the recession intact.

Click here to read complete report

Michigan…lawsuit against MERS

Posted on: May 3rd, 2011 No Comments

MERS is short for Mortgage Electronic Registration Systems, Inc, which was developed as a means to provide for the faster and lower cost of buying and selling of mortgage debt. The main issue outlined in the link below is the Seller’s ability to provide a title insurance policy when the property has had a MERS foreclosure in its title chain. If bank owned properties are pulled off the market, our listing shortage will be even more significant, so for non-bank sellers, this may suddenly be an even better time to get their homes on the market!!

Click here to read about the lawsuit and how this may affect you

The Weekly Mortgage Market Review for May 2nd 2011

Posted on: May 3rd, 2011 No Comments

Mortgage bond prices rose slightly last week pushing mortgage interest rates lower, but weekly jobless claims higher than expected.

Click Here

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