Three Reinhart employees, Dave Lutton, Marsha Volchoff and Nancy Bowerbank are the featured guests on the Local Lifestyles radio show this Saturday on AM 1290 at 12:00 p.m. The hosts of the weekend show, longtime Reinhart agents Sheila Shulman and Marjorie Bolgos, invited them as experts in their subjects to discuss the changing local real estate scene.
Dave, president of Reinhart, will talk about where Ann Arbor and Washtenaw County stand in the recovery process that has begun in some parts of the country.
Marsha, vice president of operations, will describe how the internet has changed the real estate business, both for customers and brokers.
Nancy, short sale and foreclosure specialist, will discuss positive trends–lenders doing a better job of working with borrowers who are in trouble, and fewer bank-owned properties entering the market–as well as ways people can get help.
Be sure to tune in. If you’ve been longing to hear some good news about real estate, this show is sure to make you feel better.
Ann Arbor has done it again. Forbes has released its list of the most livable cities in the US. Most of them are college towns, which comes as no surprise to those of us who live in one. The criteria were unemployment, crime, income growth, the cost of living, and artistic and cultural opportunities. Ann Arbor follows Pittsburgh, home of over a dozen colleges, Provo, Utah where Weber State is located and Ogden, Utah which has Brigham Young University. For the complete list and more details, read the full article.
As the end of the home-buyer tax credits approached, sales were building to a frenetic pace. By the end of the day on April 30, Reinhart counted 407 sales, a record for the month of April. Although the tax credit had a significant impact, most people say they weren’t motivated to enter the market because of it. If that’s true, the hectic pace may continue, more a function of the pentup demand that has accumulated over the last 3 years of inaction, and of the continuing low interest rates and moderated home prices. There is no consensus on what lies ahead, though one thing is certain. National predictions don’t quite apply to Michigan and Washtenaw County because we’ve been operating in recession conditions for 3 years already. If public opinion plays an important role in recovery, we’re well on our way.
Marsha Volchoff, VP