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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...
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...
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...
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...
New Michigan Principal Residence Exemption Law Passed
Yesterday, Governor Snyder signed into law the revised Principal Residence Exemption statute. The revised statute changes the filing deadline for the Principal Residence Exemption Affidavit from May 1 to June 1 and adds a new second filing date of November Read More...
2011-12 Cost vs. Value: Big-Bang Remodeling Projects
Find out which remodeling projects will provide the biggest bang for your buck this year, according to Remodeling magazine. March 2012 | By Erica Christoffer --> Optimizing the use of space in a home will not only attract buyers but also give sellers Read More...
Grand Traverse Regional Homes Sales Jump in February
March 22, 2012 Regional home sales jump in February 141 existing homes were sold last month in five-county area By Bill O'Brien bobrien@record-eagle.com The Record Eagle Thu Mar 22, 2012, 07:14 AM EDT TRAVERSE CITY — Local home sales continued Read More...
2011 Traverse City Real Estate Statistics
Despite the gloom and doom we all hear daily from the news media Traverse City area real estate is moving in a positive direction. A year to year comparison from 2010 to 2011 shows that our local area ( mostly Grand Traverse, Leelanau, Benzie, Antrim, Read More...