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11 Fastest-Selling Real Estate Markets
Nationally, the median age of inventory of homes on the market shrank slightly in May from April to 92 days, but still marks a 4.55 percent year-over-year increase. But in some markets homes are selling much faster. For example, the fastest-selling market Read More...
3 Remodeling Mistakes to Avoid
By Melissa Dittmann Tracey, REALTOR ® Magazine Remodeling a kitchen, bathroom, or other room to increase a home’s value can be a good idea, but home owners need to be careful when undergoing a remodeling task to ensure they don’t fall Read More...
Michigan Court of Appeals ruling could halt some foreclosures
A ruling by the state Court of Appeals could mean relief for thousands of people facing foreclosure in Michigan. The ruling applies to foreclosures started under the Mortgage Electronic Registration System, or MERS. MERS is a nationwide system that was Read More...
Traverse City MLS Market Summary 2011 YTD
Statistics for: Class=SF, VL, CM, MF AND Status=ACT'SLD'PND AND Date Range=01/01/2011-04/30/2011 AND Area=1, 2, 3, 4, 5 AND Board=-1; As Of: 4/26/2011 Active Price Range Number of Listings Average Days On Market 0$ - $19,999 1,102 528 $20,000 Read More...
Century 21 realty offices and realtors recognized by regional broker’s council
Area realty offices and realtors made a good showing at a regional industry event recently, with Century 21 Northland and Century 21 Sleeping Bear Realty taking home several honors. The Century 21 Northern Michigan Broker's Council holds an annual Read More...
Mortgage Delinquencies Continue to Decline
Mortgages for single-family homes that are 90 days or more delinquent declined for the third consecutive month in February, Freddie Mac reports. Delinquencies on single-family homes dropped to 3.78 percent in February from 3.82 percent in January. What’s Read More...
February Pending Home Sales Rise
Pending home sales increased in February but with notable regional variations, according to the National Association of REALTORS®. The Pending Home Sales Index , a forward-looking indicator, rose 2.1 percent to 90.8, based on contracts signed in February, Read More...
Bank of America delays foreclosures in 23 States
WASHINGTON -- Bank of America is delaying foreclosures in 23 states as it examines whether it rushed the foreclosure process for thousands of homeowners without reading the documents. The move adds the nation's largest bank to a growing list of mortgage Read More...
National Home Prices are Firming Up
The trend in firming home prices solidified in the second quarter with more metropolitan areas showing increases from a year ago, aided by a surge in home sales driven by the home buyer tax credit, according to the latest survey by the National Association Read More...
MSHDA Help for Hardest Hit Homeowners
Helping Hardest Hit Homeowners The U.S. Department of Treasury approved the Michigan State Housing Development Authority’s (MSHDA) plan to distribute $154.5 million in federal funds that should help more than 17,000 Michigan households avoid foreclosure. Read More...
Mortgage Rates hit an All Time Low 4.69%
Average interest on a 30-year fixed mortgage fell to an all-time low of 4.69 percent this week, down from 4.75 percent a week ago, reports Freddie Mac. Although rates have held below 5 percent since early May, Michael Fratantoni of the Mortgage Bankers Read More...
Number of deliquent mortgages declines
The number of delinquent mortgages declined 8.6 percent in March, says LPS Applied Analytics, which tracks the performance of loans for investors. Totals also declined in February. The biggest decline was in loans more than 30 days past due, which are Read More...
Century 21 Northland Home Sales + 31.79%
For those that read my post a few days ago regarding my personal sales transactions being up 57% in 2009 compared to 2008 in a " down market" as we all constantly here in the media......more great and positive news......my office, Century 21 Read More...
Jon Becker home sales +57%
As all of America knows, per the media, times are horrible, homes sales are down, nothing is selling and everyone is giving homes away ( or close to it) right??? WRONG!!! I am very proud to announce that despite " a down market" I just completed Read More...
Home buyer Tax Credit information
As many of you know the 1st time homebuyer tax credit has not only been extended into 2010 but it has also been expanded to include current home owners as well. Below is a bullet point summary of this great home buyer program. 1ST TIME BUYERS: (does not Read More...