September Market Report

September 27, 2013

The Fall starts the seasonal slow down for home sales so we can expect fewer multiple offers. We will still see the vast majority of homes (over 85%) sell within 90 days or less. For Buyers in a bidding war, our rule of thumb has been, “as long as the offer is at or below the peak 2005 value, the overbid is a safe bet.”

 

I have included two charts, Comerica’s local economic trend and the latest Case-Shiller value trend. Both show good news for housing and our local economy.

 

 

The Comerica Michigan Economic Activity Index continues to show strong growth through this summer, surpassing the prior 2007/08 high points. This represents the fuel for sustaining our local housing growth trends.

 

 

Case-Shiller shows Detroit with one of the highest year-over-year value growth rates. Although we are the only major city still below our 2000 value baseline, that is heavily influenced by the decline in values for the city of Detroit (the good news is city values are rising quickly again). The typical Southeast Michigan market is at or above 2000 values.

 

The area around Milford that I tend to focus upon has done a bit better than the regional numbers would indicate, but the trends are similar. Our area is probably back to about 2004 levels for prices, still below the peak but better than the harder hit areas like Detroit, Ypsilanti and Pontiac. Home values are up in this area anywhere from 16 – 20% year-over-year, but remember that they are starting back up from a drop of anywhere from 30 to 40% in value, so it will take more time to recoup the paper losses that occurred. It is important that you get an updated market value for your home if you are thinking about selling. Things are changing too fast to rely on an old number, where the term “old” means 2-3 months ago or longer.


Home Tour in Milford

September 19, 2013

Just a reminder that Home tour is this weekend.    Visit 5 beautiful historic homes located right in the Village and all within walking distance.  Home Tour is Saturday, September 21st and Sunday, September 22nd.  Hours are 11 a.m. to 5 p.m.   Tickets are $15.00 for home tour banner logoAdults and $13.00 for Seniors.

This year we are proud to highlight five beautiful kept historic homes, all located in the Historic District and all within walking distance.  A group of volunteer docents who have an interest in our heritage will guide our guests through the homes and give a glimpse of the history behind each home.

Tickets can be purchased ahead of time at Main Street Art, Acorn Farms and Your Nesting Place or the Museum.  The day of the tour, tickets can be purchased at any of the 5 houses.

In addition to the Home Tour on Saturday and Sunday; there is the Car SHow Plaque GraphicMilford Car Show on Sunday (cars start lining up early and stay all day) on Main Street in Downtown Milford – for more on the Car Show, go to www.milfordcarshow.com ; the annual Tractor Show, also on Sunday out at the Huron Valley State Bank at the corner of GM Road and Milford Road; and The Milford Rotary Club Duck Race, RotaryDuckswith family activities kicking off at 11 Am on Sunday and the ducks hitting the water at 2 PM.

Come on out to Milford this weekend for two days of family fun. For more information on all of these events, go to the Historical Society web site – www.milfordhistory.org .

History will come alive again this weekend a the Log Cabin located in the South Side Park.  Step back in time and explore the life of Milford’s early settlers.  Visit with the woodworker, spinner and chandler as they work.  Watch a traditional meal being prepared over a open fire.  Enjoy traditional music.  Learn a game of long ago, test your skills on stilts or in a hoop and stick race.  Help with the chores, make an old fashion toy or join  in a traditional harvest activity.

Activities a the Log Cabin is a free event and fun for the whole family.  The Log Cabin will be open both Saturday and Sunday from 1 a.m. to 5 p.m.

 

 


MIlford Historical Society Meeting

September 18, 2013

The Sebicycleptember General Membership Meeting of the Milford Historical Society will take place this Thursday, September 19th.  Our Speaker will be Don Wilson and will be speaking on the Evolution of the Bicycle.   Our speaker collected vintage bikes in the past but now only has three vintage bikes (pre 1910) in his collection.  Presently he just collects photos and postcards, which he had done for several years.  Don will be focusing on bicycles from 1800 – 1930.  He will share the most interesting ones with us.  Also we will see pictures on what was the “in” thing to wear for bicycle riders of the time.

Our meeting will begin at 6:30 with a Potluck dinner.  We will meet at the Milford Methodist Church located at 1200 Atlantic St.

Our evening will begin with a scrumptious potluck dinner at 6:30 pm at the MilfordMethodistChurch located at 1200 Atlantic Street.  A brief business meeting will begin at 7:30 pm followed immediately by our program.  Please feel free to invite a guest.  Everyone is welcome and encouraged to attend.  All are welcome.  You do not have to be a member to enjoy this Thursday evening with people who like history.  Bring your own table service and a dish to pass based on the first letter of your last name as shown below.

A – F = Salad      G – O = Deserts    Q – Z = Main Dish

So, come out and see what the Milford Historical Society is all about. Remember that “you don’t have to be a relic to be a member.” Visit us on the web at www.milfordhistory.org.


like me, Like Me, LIKE ME!!!

September 10, 2013

I’m not sure how anyone else feels about this, but I’m getting really tired of what Facebook has morphed into and the entire Like Me, Like Me, Friend Me requests thing. There’s nothing wrong with having a button to allow people to express that they do, in fact, like someone or some business. However, there is something sadly pathetic about people or businesses that have to send out emails to other people, some of who they really don’t even know, asking them to “Like Me” on Facebook or be my Friend.

If I know you or your business, I may “Like you” or it may just be that my feelings about you or your business are not strong enough to push the “Like Me” button.  Ironically the people sending those messages out really don’t care desperatewhether you like them or not; they are just trying to build up Like Me points within Facebook. Sad.

I’ve also got mixed emotions about the Friend Request thing on Facebook. I suppose it does serve a purpose to help one connect with others that you know; however, it too has been abused. I get Friend Requests from people that I barely know or don’t know at all. I always feel a little bad about ignoring those requests from people that I don’t know; but, then I think what difference does it make if I somehow offend someone I’ve never met by refusing their Friend request? Even worse is having to Unfriend someone because of their behavior – perhaps posting offensive stuff to your Wall or adding inappropriate comments to post strings. I imagine that they are sent a notice that they’ve been unfriended or that they will notice that they are no longer able to post to my Wall. Awkward!

Recently a new Facebook-wanna-be app has apparently been added to Yahoo that also has a like me, follow me, be my Friend feature, only with a new twist – it’s aggressive about it. I’ve been getting really annoying emails lately reminding me how many days it’s been since a certain person sent me their Friend Request. It’s not that I don’t like that person, I hardly know them; and, I’m not sure that I want to be listed among their Friends. One reason is that Yahoo would undoubtedly use that Friend information as an indication that I want other stuff emailed to me, which I don’t.

So now we have Internet apps that are getting as aggressive as a bad bill collector about bugging you to do something. I’m sure that I don’t LIKE that. I suppose that all of these sites – Facebook included – will eventually peter out as people move on to other things or get tired of what they’ve become. I imagine that most people didn’t sign up for a Facebook account because they wanted to be constantly tracked and attacked with unrequested and unwanted advertising and Friend or Like requests. Instant Messaging is also experiencing an increase in aggressive, push-based marketing, which at least one can opt out of rather easily; however, there, too, the sender is notified that you opted out. Sorry!

So how much of my personal issues with these things are just indications that I’m becoming an old curmudgeon? I’m not sure. I still believe that the Internet is a great place to find information about just about anything and I use it a lot for that. I’m just not one to excitedly share every detail of my life on public forums like Facebook or Twitter.  They may have served a useful purpose as they were originally envisioned. I’m just not sure about what they seem to be becoming. How about you?

Oh, by the way, if you liked this post; you can sign up to Follow me, which sort of like Friending Me or Liking Me only in blog-speak. I’m generally an up-beat writer.  Just click the Follow button at the bottom and this app will start sending you annoying little emails every time I post something new. If it turns out you don’t like the blog, you can easily un-follow it and I’ll never know. Then there are other buttons at the bottom that allow you to Like this blog post and share it with friends. Wow, how Facebookish of them.


Make two people happy today…

September 2, 2013

“When someone does something good, applaud. You will make two people happy.” (Sam Goldwyn)

I’ve not been posting much to my blogs lately it seems. Perhaps I’ve been too busy or think I have been. In any event I went back and looked at a little page of sayings that I keep on my desktop, many of them from one of my favorite blog sites – Jack’s Winning Words.

I’m not sure that this saying by Sam Goldwyn came from Jack’s blog, but it looks like the kind of saying that he would post.

When you think about it, what Sam said makes a lot of sense. It’s obvious that applauding or complementing someone on having done something good will make them feel happy, People like to be complimented and feel special. Not as obvious, but just as powerful, is the good feeling that you will get about yourself from having helped that other person feel good about themself. Compliments and saying positive things to people about things that they have done can’t help but put you in a positive and upbeat frame of mind. It’s like that old saying says – it’s better to give than to receive.

So find someone to compliment today. Perhaps it is the waitress at a restaurant that you visit or a store clerk or someone else who does something in service to you or to help you. Maybe it’s just a fellow worker, who does some little thing that makes your day better. Say “thank you” or “that was nice of you” or “great job, keep up the good work.” You’ll make two people happy.happy face

By the way, thank you for reading my blog post today. I hope it helps you have a better day.


Calling all Michigan Artists…

August 23, 2013

I support many local groups and all of them are worthy causes run by passionate people. The Village Fine Arts Association is one of those groups. They have an annual art competition that is worth knowing about, especially if you are a Michigan-based artist. Below is their press release about this upcoming event. You’ll see more about it here as it draws closer, but the deadline to enter is coming up, so read about it now.

The Village Fine Arts Association (VFAA) is looking for artists to participate in their 18th annual

VFAA Poster“Views and Visions” all-media art competition and exhibit.  In collaboration with the Huron Valley Council for the Arts (HVCA), this popular show will hang in the HVCA Gallery beginning with the opening night celebration at 6:30 pm on Friday, November 1 through Wednesday, November 27st.   This show is open to all Michigan artists and includes the “Fresh Visions” category for artists under 18 years of age.  Each artist may enter a maximum of 3 pieces and have the opportunity to earn cash awards with a top prize of $400.  Entry deadline is September 21st.

We are pleased to have as this year’s judge Robert Perrish, an award-winning designer, sculptor and painter.  He is a co-founder and active member of the Michigan Plein Air Painters.  He has been highly awarded for his outstanding work which has appeared in national magazines, calendars, books, limited-edition prints as well as in various art galleries.  See his work at www.robertperrish.com.

The prospectus with all entry information is available online at the VFAA website www.milfordvfaa.org or pick up a copy at the HVCA Gallery located at 205 W. Livingston Road in Highland, Main Street Art in Milford, or at Miller’s Artist Supplies on 12 Mile Road in Farmington Hills.

If you have any questions or would like a copy of the prospectus mailed directly to you, please contact the VFAA at their website or call Sue Gollon, VFAA Executive Director at 248-797-3060.


Upcoming events for history lovers…

August 22, 2013

Oak Grove Cemetery Tour

Enjoy a guided tour of Oak Grove Cemetery on Thursday, Aug 22nd and Saturday, Aug 24th Learn about the exceptional women of Milford, their stories and accomplishments spanning 175 years.  Thursday tour begins at 6:30 p.m. and Saturday’s tour will begin at 1 p.m.   Tours are Free.

Haven Hill Festival 2013

The Friends of Haven Hill will be hosting their festival on Saturday, Aug 24th.  the hours are 10 a.m. to 3 p.m.

Food, Music and Fun for all ages

Novi Brass Band Live

1860’s Era Base Ball Exhibition Game – games begins at 1 p.m.

Model A Ford Automobiles

Haven Hill History & Artifact Display

Kids Activities, Run the bases at the Ball Game

 

Milford Historical Society 2013 Schedule of Events

September 12th – General Membership Meting at Milford United Methodist Church on Atlantic St. Pot luck dinner at 6:30 with the meeting starting at 7 PM. Our guest speaker, Don Wilson,  will discuss the Evolution of Bicycles.

September 21st & 22nd – Home Tour – visit five historic Milford homes, as well as the Museum, the Pettibone Creek Powerhouse, the Log Cabin next to the Firehouse and Oak Grove Cemetery. The homes are open from 11 am until 5 pm both days. Click here to see the poster for this event for more information.

September 22 – Tractor Show at the Huron Valley State Bank parking lot

September 22 – Milford Car Show – the largest car show in the area with cars of all types and varieties. Click here to visit the Car Show Web site

October 17th – General Membership Meeting Ghost Hunters

November 16th – Fall Tea at the Mary Jackson House

November 21st – Marshall Postal Museum by Michael Schragg

December 18th – Museum Closes


Moral Relativism…

August 21, 2013

There was an article in this morning’s Oakland press about so-called Moral Relativism – the ability of some people to take the decision that whatever they just did must be morally right, because they just did it. It’s sort of thinking, “I think it right, so it must be right.”

 

I’m not sure that I understand how someone can come to that conclusion or state of mind, which requires a moral compass with no grounding, just spinning in the wind. It does, however, help explain why it is so easy for so many people to blow off traffic signs and fail to stop at Stop signs or yield at Yield signs or to ignore the speed limit. Apparently in their minds it is OK for them to ignore those laws or rules or signs because they have decided that it is OK – moral relativism at work.

 

At the base of this way of thinking is a total lack of any kind of moral foundation for life. It is a very self-centered point of view, because it is based upon only what the person feels is right for them and not within the context of the society in which they have to live.

 

Everyone is self-centered, one cannot not be that way; however, to the extent that one can also be aware of and sensitive to the needs and requirements of others around them, as well as aware of the rules and laws of the society that we must live in; we exist within a society.

 

More egregious transgressions against others, such as robbery or doing bodily harm are thus labeled “anti-social behavior”; and they are more easily identified and avoided by most. It’s the little things (rules and laws) that are the easiest to rationalize away.  I’m in a hurry, so it’s OK for me not to stop at every sign. I need to get somewhere quickly, so it’s OK for me to speed. I pay a lot of things so it’s OK for me to accept the wrong change for a purchase and not return the excess. And so on and so on. After a while our moral borders can get pushed out pretty far – moral relativism.

 

I suspect that the battle against moral relativism is constantly waged in most people’s lives. A key to winning that battle, or at least fighting the good fight, is to have a solid moral foundation to begin with. For most that begins in the home and is reinforced and strengthened in the church and in school. The natural tendency of children to seek acceptance and to strive to understand what is right and thus worthy of parental, clerical or teacher praise is a powerful building block of a good moral compass. Sometimes the fact that parents understand that their children are looking at them and their behavior can also be a great influence on the parents to do the right things.

 

So, parents; reject moral relativism and do the right things in front of your children and in life in general.  If you need help with this, there are many books that have been written by great philosophers about morals and human behavior; but, perhaps the best book to start with is the Bible, one of the greatest books every written to guide one into doing the right thing. Start there and you can’t go wrong.


The next big thing in Milford Michigan…

August 19, 2013

Wow, the summer is going fast. Milford Memories is history and school is about to start. We’ll have one last summer fling over the Labor Day weekend and then it’s back to a more normal pace.

There are lots of smaller events coming up in the area, but the next big thing is the Milford Home Tour weekend. Home Tour is on September 21 & 22 this year. I’ve included the home tour poster below. You can click on the graphic to see the full size view. Home Tour weekend is big because there is so much going on in the Village that weekend.  The Home Tour itself is on both days from 11 Am until 5 pm. As always, there will be 5 of Milford’s wonderful old home to go through. In addition the Museum will be open both days, as will be the Log Cabin next to the firehouse and the Pettibone Creek Powerhouse. There will also be walking tours of Oak Grove Cemetery.  See the Milford Historical Society web site for more details on the houses and the event. I’ve included the event poster below. Click on it to see it full size.

2013 Home Tour Poster

Then, on Sunday the Milford Car Show will take up all of Main Street between Commerce and Huron, with an expected 300 cars of all sorts expected. There are car categories covering everything from old, original antique cars through modern street rods. It’s the largest car show in the area every year.

2013_Car_Show_Graphic

Also on Sunday, there is a Tractor Show out at the Huron Valley State Bank parking lot near the corner of Milford Road and GM Road. Tractors of all sorts show up at that show every year.

Finally, the Rotary Club of Milford will have its annual Duck Race on a tributary of the Huron River in Central Park. Thousands of little, yellow rubber ducky’s will be bobbing furiously towards the finish line. The activities kick off at 11 AM and the race is at 2 PM. The winning duck will pay out $2,000 to the lucky owner.  Get a duck race ticket from any Rotary Club Member and get in the race. Tickets are $5 or a package of six for $25 or a bag of 30 for $100. For more, see their Facebook page.

So mark that weekend in your calendars as another weekend to spend in Milford. There’s lots to do and you can enjoy all of our great restaurants on Saturday and most of them on Sunday. Plan on stopping in for lunch between visits to the Home Tour houses or while you are seeing all of the cars on Sunday.


Real Estate Market Reaching Equilibrium

August 12, 2013

scalesSeveral reports from various industry sources seem to reinforce the notion that the housing market is moving back towards equilibrium from it frantic pace of recovery early this year. The prime indicator is the lack of a big jump in prices between June and July of this year. Prices still went up, but not by double digits as was the case earlier in the year.

I suppose that a would-be home seller might like the rapid recovery to continue a while longer, but it is really a good thing for the market overall that it pause to cool off a bit. The rapid run-up of home prices, combined with an increase in mortgage rates served to lock out many first time buyers.  There was also a bit of” wait for it to go up more” greed going on that kept the inventory low and fueled the value increases. Many of those who waited may find that they will not be any better off and may have missed the very buyers they were hoping for.

One segment of the potential buyer pool  –  those who felt that they had to buy and get in before school starts in September – have already made their selections.  Closing by September 1st pretty much meant that you needed to have a signed deal by August 1st, in order to allow enough time for the mortgage company to get the deal underwritten.

The “prime” selling season is generally in the months of May, June, July, and August; however, the good selling season lasts until Halloween. After Halloween, things slow down quite a bit as people start focusing upon the Thanksgiving and Christmas holidays. After that it’s winter, which is always a slow home sales season.

So we still have some good selling months left in 2013, if you were thinking of selling and we have some more stable months ahead if you are looking to buy. Mortgage rates have stabilized a bit, although they are expected to continue a slow upward creep. More inventory of homes is coming on the market, which is good for buyers, too.  Home builders have also cranked up production, so more brand new homes are available, or will be shortly.