Upcoming Events

Wednesday, October 23 @ 12:00pm Christine Allyson: Crystal Clear Consulting
(Johhny's Italian Steakhouse, 33103 Hamilton Ct, Farmington Hills, MI 48334)


Wednesday, October 30 @ 12:00pm Scott Freeman: Farmington Civic Theater
(Johhny's Italian Steakhouse, 33103 Hamilton Ct, Farmington Hills, MI 48334)


Wednesday, November 13 @ 12:00pm Ken Seawell: Sandler Training
(Johhny's Italian Steakhouse, 33103 Hamilton Ct, Farmington Hills, MI 48334)


We had a visit from Dan Elsea this week in our first meeting as the new Xemplar Club. Dan is President of Brokerage Services for the Real Estate One Family of Companies. The company is in its third generation in Michigan, having begun as Elsea Realty in 1929. In 2008 Real Estate One completed over 20,700 transactions in brokerage, mortgage, title and casualty insurance. The company has been a pioneer in real estate technology, helping to create one of the first computerized MLS systems in the country in the 1960’s, and continuing into the new millennium as one of the first brokers to embrace the development of internet lead sources and management.

Dan spoke about the economic conditions in Michigan, and shared his thoughts on the timing of a recovery in the values of Michigan’s real estate. There are indications that the decline in prices will bottom out in the next 12-24 months. Many banks are overwhelmed with foreclosures, and short sales can often take 6 months or more to close. This backlog skews some of the housing statistics we read about in the newspapers. It's also not unusual for the banks to allow homeowners in default to remain in the house for longer periods.
 

Members
The Xemplar Club values your privacy. We will never sell or disclose your email address to third parties.



Joomla Extensions powered by Joobi