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These days knowledge is power and the more information we have (knowledge!) we feel as if we are empowered to make better decisions! This is definitely true in the Real Estate industry!

This is also just the case with this handy tool from the New York Federal Reserve Bank which shows the current state of credit conditions for various types of credit on a county by county basis - in their own words:  “The Federal Reserve Bank of New York has therefore used its expertise and knowledge to provide detailed data on US credit conditions to the public in order to establish a strong body of factual data for use in forming policy decisions and developing mortgage foreclosure mitigation efforts.“

Here in Ann Arbor’s county - Washtenaw, I have attached two screen shots of the tool in action, showing the following data: Mortgage Delinquency Rate 90+ Days* for Washtenaw County for Q1 2009 = ONLY +2.52% and for the Year to Date only +0.74%! Which is better than alot of the press would have you believe. Particularly if you look at neighboring Wayne County where the Mortgage Delinquency Rate for Q1 2009 is +6.88%. Or even in Osceola county in Florida where it is up +16.22%! So despite the negative press about Michigan nationally, it is fairing pretty well!

There are also some charts which are pretty neat - they offer you various options of displaying different Real Estate data - definitely a great way to look at different trends. Click here to check out the tool!

Click here to search Ann Arbor Real Estate using our complimentary Ann Arbor Real Estate MLS Search service. Alternatively please contact Kathy Toth and the team if you need more specific assistance in your Ann Arbor Real Estate needs.

Search all listings in Michigan with pictures and tours...Free! Kathy Toth & Team: Ann Arbor Area Real Estate Experts www.KathyToth.com Keller Williams Realty