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Archive for September, 2012

Winter’s chill is on its way and kids soon will need to wear heavy coats as they walk to school and bus stops.  Unfortunately, many Michigan families cannot afford winter coats that fit their growing children.

Please help me help them!  My company is collecting winter coats for Michigan kids who need them.  Please check your closets for coats your children have outgrown. Let me know and I will pick them up from you.

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This “Baby Boomer” questionnaire, recently posted on Huffington Post, gives us all some concrete questions to ponder as we consider where we might want to live in our retirement.

  1. What can we afford?
  2. Where are our kids/family going to be? Will they visit us if we move there?
  3. Where are our friends? Can we convince our friends to move there with us?
  4. If we get sick are there good medical services nearby?
  5. If one of us died would we want to stay there?
  6. Can we do our favorite activities there — cultural and recreational?
  7. Do we prefer warm weather or cold weather or both?
  8. Is there easy access to some stimulation? A nearby university or an institute of learning and an active athletic community?
  9. Is there an airport nearby?
  10. Will there be opportunities to work or volunteer, if we chose to do that, in the community?

Read the entire Huffington Post article.

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The housing recovery is being fueled by record lows in mortgage rates.

The Associated Press reported this week that the average U.S. rate on the 30-year fixed mortgage touched its record low this week and the rate on 15-year mortgage hit a new record.

Read more: Rate on 30-year mortgage falls to record 3.49 percent

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The strong real estate market enjoyed by the Ann Arbor area this summer promises to continue into fall, according to statistics compiled by the Ann Arbor Board of Realtors.

August sales of residential properties were up 15 percent over August of last year, while 2012 year-to-date sales were up 7.3 percent.

The only lag is in listings. The number of listings is down 7 percent from last year. That has a positive impact on housing prices, with higher demand for lower supply pushing prices UP.

More good news:

  • The average residential sale price in August 2012 was $220,738, up 8.7 percent from the average sale price of last August, which was $203,061.
  • The number of days a property is on the market has dropped to 61 days, compared to 82 days in August of 2011.
  • Residential properties are selling faster, with multiple offers, at higher prices than in recent years.

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