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Pam Truex
Truly committed to excellence.
Max Broock
275 S. Old Woodward
Birmingham, MI 48009
Dear Homeowners,
The two biggest roadblocks to get our market back on track are the competition from the foreclosures, many at absurdly low prices, and the imbalance of supply to demand. The number of foreclosures in the active listing inventory in counties around the country around the country are extremely high. Until there are virtually no more foreclosures to be sold, they will continue to pollute our markets as buyers set these prices as their expectations of the value for the neighborhoods where they are located. Our realtor community is the only source of resolution to this problem. They assist sellers to focus on getting their homes listed and sold at current market value. These sales will then be “so far back in the rear view mirror,” that they will no longer be in the pool of comparables which the appraisers must use...which often corrupts transactions on the (non-foreclosure) properties.
Pam Truex
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