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Demand for Foreclosures Is Softening, Fannie Says
Demand for REOs Is Softening, Fannie Says Daily Real Estate News | Monday, March 03, 2014 --> Fannie Mae’s sales of REOs fell 14 percent during the fourth quarter compared to the previous quarter, as the mortgage giant notes weakened demand for Read More...
Luxury Home Sales on the Rise
Luxury Returns to Housing Daily Real Estate News | Monday, January 27, 2014 --> Following the recent recession, interest in large and expensive homes dropped dramatically as home buyers showed preferences for smaller, more affordable homes. But house Read More...
4 Keys Identified for a Full Housing Recovery
Daily Real Estate News | Friday, January 17, 2014 --> In order to have a fully recovered housing market and economic recovery, economists point to the need for four positive indicators: 1. A healthy job market with low stable unemployment; 2. Mortgage Read More...
2013 Traverse City area Real Estate Statistics - Market Improving
Happy 2014 from Traverse City. The 2013 Traverse City / Grand Traverse area real estate market statistics are in for our local MLS/ 5 County area and the market has improved in every category as you can see by the attached document. If you or anyone you Read More...
NAHB Says Housing Will Strengthen in 2014
Daily Real Estate News | Monday, October 07, 2013 --> Despite many headwinds, the housing recovery is expected to pick up in the next year. “The cards are in play for a decent and fairly strong recovery in 2014 and particularly in 2015,” says Read More...
Michigan's Foreclosure Rate drops 55%
8 States With Biggest Foreclosures Drops Daily Real Estate News | Tuesday, September 17, 2013 --> The number of home owners entering the foreclosure process dropped below pre-recession levels in August, according to RealtyTrac. In some states, the declines Read More...
Condo Boom? Market Shows Signs of a Revival
Daily Real Estate News | Monday, September 09, 2013 --> The condo sector has experienced lackluster growth in sales and development the last few years, but it may finally be seeing a turnaround in markets across the country. Condo sales are showing signs Read More...
Traverse City Real Estate Market Statistics
Weekly Market Statistics 05/13/2013 thru 05/19/2013 303 New Listings 107Sold Listings 290 Pending Sales By Classification 80 Residential $19,000 to $1,075,000 Median $156,200 Mean $213,681 22 Vacant Land $12,000 to $440,000 Median $79,000 Mean $97,527 Read More...
Traverse City Real Estate Is Red Hot
April 15, 2013 Numbers don't lie, and the statistics and stories alike point to a new real estate boom in Traverse City. The residential real estate rebound is a classic case of supply and demand, with supply of homes in Traverse City down 41 percent Read More...
Freddie Mac: Housing Still Has Ways to Go
Daily Real Estate News | Friday, February 15, 2013 --> The housing market is in recovery mode, but overall activity still remains near historic lows, according to Freddie Mac’s U.S. Economic and Housing Market Outlook for February. "Across Read More...
6 Reasons Why This Winter Is a Great Time to Sell
Daily Real Estate News | Wednesday, January 23, 2013 --> Forget the myth that winter is a bad time to sell real estate. While sales usually inch lower in the cooler months, some real estate pros are saying this winter in particular may be a great time Read More...
Traverse City Real Estate Market Report
Weekly Market Statistics 11/26/2012 thru 12/02 /2012 119 New Listings 97 Sold Listings 256 Pending Sales By Classification 74 Residential $18,000 to $1,235,000 Median $142,750 Mean $174,953 20 Vacant Land $5,300 to $401,000 Median $36,500 Mean $63,652 Read More...
Traverse City area Real Estate Market Report
Weekly Market Statistics 10/22/2012 thru 10/28 /2012 124 New Listings 77 Sold Listings 274 Pending Sales By Classification 62 Residential $23,122 to $1,200,000 Median $114,450 Mean $176,846 12 Vacant Land $15,000 to $165,000 Median $34,750 Mean $60,300 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...
Home Prices Rise at Accelerated Levels
Daily Real Estate News | Wednesday, October 03, 2012 --> Home prices rose in August by their largest amount since July 2006, CoreLogic reports in its August Home Price Index, which includes distressed sales. Home prices increased 4.6 percent year-over-year Read More...