News and Stats

News from the State Level

  • Lawrence Yun: A Return to "Normal" Underwriting Standards Would Spur Sales

    Sep 27, 2011 - Mar 27, 2012 - Michigan Association of REALTORS members already know the results of our slow economic recovery - tepid real estate sales. But the reasons for this predicament are many and interrelated, said Lawrence Yun, Chief Economist for NAR, at a...

  • July Housing Statistics Show Signs of Improvement

    Aug 16, 2011 - Feb 16, 2012 - According to the Multiple Listing Service (MLS) reports compiled today by the Michigan Association of REALTORS, 9,314 single-family homes were sold in July, 2011, 12.68% more than the same month of the prior year. At the same time, the...

  • MAR Opposes Recall Efforts

    Aug 2, 2011 - Feb 2, 2012 - In the first six months of 2011, Governor Snyder and the Michigan Legislature set Michigan on a bold new path to attracting jobs and investment. After years of inaction and poor policy choices, their bold leadership is creating a better...

  • Spotlight on Appraisals

    Aug 2, 2011 - Feb 2, 2012 - Last year, MAR members reported nearly half of the appraisals completed for their clients were done by appraisers without local expertise. This month MAR, with the help of Midwest Appraisal Management, begins a timely series, Spotlight on...

  • Mortgage Assistance Relief Services (MARS) Rule: Political Advocacy

    Jul 18, 2011 - Jan 18, 2012 - NAR has made an important step in resolving the confusion caused by the Federal Trade Commission's (FTC) Mortgage Assistance Relief Services Rule (MARS) among real estate professionals who provide assistance to struggling homeowners in...

  • Sales Volume Down, Price up for Michigan Real Estate

    Jun 27, 2011 - Dec 27, 2011 - According to the Multiple Listing Service (MLS) reports compiled today by the Michigan Association of REALTORS, 9,043 single-family homes were sold in May, 2011, 8.98% fewer than the same month of the prior year. At the same time, the...

  • Property Tax Reform Making Headway in the Legislature

    Jun 16, 2011 - Dec 16, 2011 - Legislation has been re-introduced this legislative session to provide much needed property tax relief to Michigan homebuyers. Senate Bill 349, introduced by Senator Dave Hildenbrand (R-Lowell) allows buyers to take advantage of the...

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