Everybody knows that Home values have fallen in the last two years in the Metro Detroit area. The early retirements and buyouts at Ford Motor, GM, Chrysler have taken the toll on the number of homebuyers available. The simple truth is that we have too much supply and too little demand. Out of the 11 houses I showed last weekend 8 were vacant.

If you don't have to sell don't put it on the market.

Depending on who you talk to the amount it has dropped varies from 10 to 20%. I even heard one Realtor at a seminar yesterday say that home values were dropping about 1% a month. That may be a little off base. At some point they will level off.

It's a great time to buy. If you are looking for homes in Southeastern Michigan it is a great time to start searching before the normal upswing in sales in May and June.