Tag Archives: market

Embracing Change in Our Current Economy

By Jeremy Burgess | Published: May 14, 2009
Not many of us remember what it was like to have one job for your entire career but your Grandparents do. Your mother and father have more than likely have had several jobs and changed careers multiple times. Our generation is faced with the reality that few jobs or careers will provide any long term [...]
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Identifying Opportunity in Times of “Crisis”

By Jared Pomranky | Published: February 11, 2009
"When written in Chinese, the word 'crisis' is composed of two characters - one represents danger, and the other represents opportunity." Now I'm not fluent in written or spoken Chinese so I have no idea if this is correct or not but it makes a very good point. Throughout Michigan in the past couple of years, even more so in Southeast Michigan, I have heard newspapers, workers, and everyone else state that our economy is in some form of a crisis or another. I'm not arguing the fact that we have significant challenges with our economy and the real estate market right now. What I'm arguing is where our focus should be.
Posted in Metro-Detroit Real Estate, Real Estate Market Analysis | Also tagged , , , , | Leave a comment

The Real Estate Race is On

By Drew Sygit | Published: February 4, 2009
Real estate investors are getting spoiled with all the great deals currently available in the market. Foreclosures and short sales have been driving inventory up, while home buyer demand has been down. How much longer can it last? A recent report from the National Association of Realtors (NAR) showed home prices falling from a year earlier by the biggest margin in over 40 years.
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Timing the Real Estate Market

By Jared Pomranky | Published: January 28, 2009
I hear investors and would be investors talk all the time about timing the market. Now relatively few of them actually say "timing the market" (because most people know that it's very challenging to do) but their description of what they're trying to do is just that. They talk about waiting for the bottom so they can buy at the lowest price possible or they talk about waiting a little longer to get it just a little cheaper. These investors usually describe themselves as "looking" for a good deal or the right time to buy but they are really just suffering from analysis paralysis (spending all their time analyzing deals or the market and never taking action). Let me tell you why trying to time the market or the thinking that you should way to buy at the bottom is flawed.
Posted in Metro-Detroit Real Estate | Also tagged , , , , | 2 Comments