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Green Mortgages Allow More Options for Upgrades
Daily Real Estate News | Monday, September 12, 2011 --> With the growth of green building the last decade, green lending has emerged to help finance those often costly “green” upgrades. Dave Porter, with PorterWorks in Stanton, Wash., who Read More...
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...
What Is a 'Safe' Mortgage?
Later this month, the Federal Deposit Insurance Corp. will consider new rules that define what a safe or “qualified” residential mortgage is as part of the Dodd-Frank financial overhaul law. Experts say the classification will likely have Read More...
FSBOs Vanish, Sellers Turn to Real Estate Pros
For-sale-by-owners are rare nowadays. In fact, the number of FSBOs dropped to record lows over the past year. Unrepresented sellers make up just 11 percent of the market, down from 13 percent in 2009, according to the 2010 National Association of REALTORS® 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...
Short Sales Tips for Sellers
If you're thinking of selling your home, and you expect that the total amount you owe on your mortgage will be greater than the selling price of your home, you may be facing a short sale. A short sale is one where the net proceeds from the sale won't 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...