I have included below an article about the 1.5 Billion dollars Obama said he was designating from the Troubled Asset Relief Program to fund programs at local housing finance agencies in California, Florida, Nevada, Arizona and Michigan, which have seen home prices decline more than 20 percent from their peaks.  

January market activity continued the eight-month trend of improving over the prior year (January of 09'). The year started out pretty slow last year so we expected (prayed for) an increase, which we got (+25% / 8% volume). It is early, but two trends are appearing: 1) On the positive side, buyer interest (tracked by showing appointments, open house visitors and web activity) remains as strong as in the fall when we had our tax credit induced feeding frenzy and 2) On the concern side, the tax credit impact in the last 60 days has fallen off.

We have included  links below for our readers, one explains the program and the other is to Solley's Appliance, our most convenient and preferred appliance store. Unlike the cash for clunker incentive that was offered for vehicles last year, you do not need to bring in the appliance that you are replacing.

Natalie M. DeLeo

Mortgage Consultant

Mortgage Resources Plus, Inc.

Phone: 248-642-4600

Fax: 248-642-6160

natalie@mrploan.com

Just Listed this Week ~ $50,000 ~ Lake Privileges.

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Conventional financing is usually not an option when flooring is missing, kitchen is gutted, or a furnace is missing.   We have the resources available to us to help you buy these types of homes.

FHA 203K Mortgage

Prices across the state of Michigan continue to decline with a glimpse of hope that can be found in some of the statistics I will share with you today.  The Pearson Group sold more homes in 2009 than any year prior.  Also, the number of homes sold in Clarkston in 2009 were almost identical to the amount of homes that were sold in 2005.  Although there were 446 listings sold in 2009 and 443 sold in 2005, the sales volumes in those years fell from an estimated 135 Million in 2005 to a mere 79 Million this past year. (est, 40% drop in sold volume)