From the category archives:

Real Estate

New Construction Pricing Games

March 5, 2008

Price Reduced 5K! Owner Says Sell. Price Slashed 40K!!! Every day I see similar claims made on MLS listing information sheets, property fliers, in newspaper ads and in Home Magazines. You may think they are indicative of good deals but it pays to look more closely. Careful inspection of the details often reveals homes grossly [...]

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Frosty the Billboard

December 16, 2007
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Where Are South Bend’s Luxury Homes?

July 17, 2007

The Midwest is often noted for its affordable housing, as in this recent ranking of metro areas highlights. However don’t jump to the conclusion that all homes here are inexpensive. I recently needed to find what are the more expensive areas of South Bend based on sales price, not just reputation. Because there isn’t a [...]

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Status of the South Bend Area Housing Market: 05/01/07

May 1, 2007

Using data from the Greater South Bend-Mishawaka MLS, here is the April breakdown of sales statistics. Sales are increasing slowly, along with the number of homes listed. Condos continue to be the area’s hot market. About 23% of the listed inventory of condos sold this month, compared to 13% of the listed inventory of single family houses. [...]

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Bankruptcy doesn’t mean homeowners can neglect property

April 4, 2007

Property owners beware: As recently reported in the South Bend Tribune (permalink), according to a recent ruling by Bankruptcy Judge Harry Dees, real estate owners who file for bankruptcy are still responsible for taking care of their property unless the property is foreclosed. Judge Dees ruled in favor of the City of South Bend against [...]

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Status of the South Bend Area Housing Market: 04/01/07

April 1, 2007

March 2007 sales data from the Greater South Bend-Mishawaka MLS is now available. My perception was that there is more activity this month based on the number of showings of our listings and the number of buyers we are working with, but the sales figures are mostly unchanged. There are still about 2,000 houses for [...]

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Oak Hill Condos – South Bend’s Housing Bubble?

March 27, 2007

Homes around South Bend aren’t normally subject to dramatic market swings. Media stories that report a drop in our median home price reflect a change in the type of house being sold and not a drop in the value of individual homes. Well-maintained homes in desirable areas appreciate slowly and steadily. However, even in this [...]

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