Welcome to Traverse City Area Real Estate Sign in | Help

Traverse City Real Estate Blog

Traverse City Real Estate Blog, Traverse City real estate information, Traverse City area events and information, real estate market information

Archives

Browse by Tags

All Tags » Announcements » Finances   (RSS)
Mortgage Delinquencies Fall to 2007 Lows
Daily Real Estate News | Tuesday, May 07, 2013 --> Delinquencies on home loans dropped in March to 0.84 percent of the nation's 50.2 million mortgages -- the first month since 2007 that delinquencies were below the 1 percent mark, Lender Processing Read More...
Fannie, Freddie Footprint to Shrink With New Company
Daily Real Estate News | Tuesday, March 05, 2013 --> The Federal Housing Finance Agency (FHFA) announced Monday that mortgage giants Fannie Mae and Freddie Mac will create a new joint company for securitizing home loans. The move is viewed as a step toward Read More...
First Ever " Net Zero" Housing coming to Traverse City
Affordable, First-Ever "Net Zero" Housing Coming February 1, 2013 By Lynn Geiger An affordable housing project on a long-vacant lot near the corner of Woodmere Ave. and Eighth Street in Traverse City is ramping up for a spring groundbreaking. Read More...
Exterior Projects Provide Biggest Return on Investment
Daily Real Estate News | Tuesday, January 29, 2013 --> Home owners looking for the most return on their investment when it comes to remodeling should consider exterior replacement projects. According to the 2013 Remodeling Cost vs. Value Report , REALTORS® Read More...
County, GT Band Trade Proposals on Taxes
By Tom Carr It’s a roll of the dice whether or not the Federal Bureau of Indian Affairs will approve the removal of 170 acres of local tribal land from the tax rolls. But if the Grand Traverse Band of Ottawa & Chippewa Indians’ proposal Read More...
FHA Sells Off Mortgages, Giving Lifeline to Some
Daily Real Estate News | Wednesday, December 12, 2012 --> Distressed home owners may be getting a second chance to avoid foreclosure. The U.S. Department of Housing and Urban Development is selling thousands of seriously delinquent mortgages insured by Read More...
Traverse City area Real Estate Market continues to Improve
As Many people already know the Traverse City area real estate market certainly took hits over the past few years like anywhere but luckily not nearly as hard as many areas. Our local market has been recovering for almost 2 years now with inventories Read More...
Real Estate Prices Are Going Back Up
Illustration by Ian Michael Rousey By Jed Kolko Jul 8, 2012 6:30 PM ET House prices , after falling for more than five years, are rising again. All the major sales-price indexes show that there have been modest national increases in recent months, even Read More...
Mortgage Closing Costs on the Decline
Daily Real Estate News | Tuesday, August 07, 2012 --> Closing costs have dropped by 7 percent over the last year, according to an annual survey on closing costs conducted by Bankrate.com. Closing costs average $3,754 nationwide. Title insurance and other Read More...
3.8% Investment Tax - Effective January 2013
Applies to: ! Individuals with adjusted gross income (AGI) above $200,000 Couples filing a joint return with more than $250,000 AGI Types of Income: Interest, dividends, rents (less expenses), capital gains (less capital losses) Formula: " e new Read More...
Home Ownership - Still HIGHLY Important to Americans
REALTORS® rallied for the American dream of home ownership. But the nation’s voters are just as committed to the cause, according to a national survey released in May by the Woodrow Wilson International Center for Scholars. July 2012 --> Visitors Read More...
Political Deadlock Prompting Sales Deadlines
Wealthy home owners are reportedly contacting their real estate agents with an urgent request: They must sell their home within the next five months, CNBC reports. Why are they suddenly in such a rush to sell? Wealthy home owners—those with million-plus Read More...
Massachusetts Man Pays Off Mortgage in Pennies
Daily Real Estate News | Monday, July 09, 2012 --> A sweet final pay-off of a home mortgage for a Milford, Mass., man left bank officials counting thousands upon thousands of pennies. Thomas Daigle delivered more than 62,000 pennies to make his final Read More...
Traverse City area Home Sales Surge in May
June 23, 2012 Sales surge continues in May 236 homes were sold in the five-county area last month By Bill O'Brien bobrien@record-eagle.com The Record Eagle Sun Jun 24, 2012, 10:06 AM EDT TRAVERSE CITY — Housing sales continued a spring-time Read More...
Time to snag a lakefront bargain home in Up North Michigan
TRAVERSE CITY -- Home sales and prices are on the rise in parts of northwestern Michigan as baby boomers scoop up second homes and cottages sometimes years before they plan to retire to get today's discounted prices on lakefront property. Realtors Read More...