Most people want to know what is going to happen in the Ann Arbor Real Estate market and how it is going to impact their value.  A good place to start is with the national perspective. NAR's chief economist Lawrence Yun expects the median home price to go up nationally 2 to 3 percent this year. He does not think foreclosure sales will topple the housing market in 2010. Mark Zandi, chief economist at Moody's Economy.com, thinks the housing crash is nearly over. He thinks we're close to the bottom, but that we won't see price growth in 2010 or 2011. Zandi sees foreclosures (list of Washtenaw County foreclosure deals)rising in 2010 and then declining in 2011.  If you wait, interest rates could be higher. The home-sale market is localized. According to research company MDA DataQuick, San Francisco Bay Area home sales fell 1.2 percent, but the median home price was up 22 percent in April from a year ago. Las Vegas-area home sales fell 0.2 percent, but the median sale price was down 0.7 percent from April 2009. George Fulton, Univeristy of Michigan Economic Guru posts forecasts on this site. They say, "We expect the unemployment rate to sit in the high 13s for the rest of this year, before gravitating to 12.9 percent by the end of 2011."  Therein lies the key to our success - local jobs. So, let's look at sales activity in our immediate neighborhoods to get a complete picture.  Detailed Ann Arbor Area Real Estate reports: Ann Arbor Real Estate Statistics: Trend Prices Per Square Feet Chelsea Real Estate Statistics: Trend Prices Per Square Feet Dexter Real Estate Statistics: Trend Prices Per Square Feet Saline Real Estate Statistics: Trend Prices Per Square Feet Confidently guiding you through the Ann Arbor Real Estate Maze, Kathy Toth and Team of Keller Willams 734-426-6669