Higher Demand or Lower Supply = Rising Prices
It’s a basic economic principle that when supply increases, prices come down. And, when supply decreases, demand can rise and prices will rise with demand. (a good resource is Basic Economics, by Thomas Sowell)
As Banks take over more and more properties in Mid-Michigan they will seek to sell [...]
If you spend any time listening to the various news outlets, it is very easy to become less than positive about Michigan; the slowing economy, declining home values, rising unemployment, etc. I want to share with you in Paul Harvey’s famous words, “the rest of the story.”
One of the keys to having perspective today is by [...]
We seldom talk about Builders and Realtors offering home trades. In markets like this one however, the technique is making a comeback in order to move real estate. In a real estate market where properties are selling in under 60 days and at list price or higher, builder trades are not valuable to most people because [...]
