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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...
Fannie Mae/Freddie Mac to Limit Loan Purchases
Mortgage Giants to Limit Loan Purchases to 'Qualified Mortgages' Daily Real Estate News | Tuesday, May 07, 2013 --> Mortgage giants Fannie Mae and Freddie Mac will begin next year to purchase only loans that meet new “qualified mortgage” Read More...
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...
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...
Economists Revise Housing Figures Amid Optimism
Daily Real Estate News | Thursday, March 14, 2013 --> Several economists have recently revised their predictions on housing values to reflect a stronger-than-expected real estate rebound, and some have even doubled their original forecasts over the rise Read More...
Foreclosure Filings Fall 25% in February
Daily Real Estate News | Thursday, March 14, 2013 --> RealtyTrac counted a total of 154,281 U.S. properties with foreclosure filings — default notices, scheduled auctions, or bank repossessions — last month. The number is up 2 percent from 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...
Are Banks Easing Up on Mortgage Standards?
Daily Real Estate News | Tuesday, March 05, 2013 --> A very tight mortgage lending environment “promises improvements this year as the drivers of tough credit standards reverse,” according to Moody’s Analytics ResiLandscape Report. Still, 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...
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...
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...
First-time Home Buyers Face Greater Competition
Daily Real Estate News | Friday, January 11, 2013 --> First-time home buyers are playing a larger role in the housing market, but they’re finding big changes. Thirty-nine percent of home sales nationwide were from first-time home buyers during the Read More...
Housing Called ‘Hottest Trade of 2012’
Daily Real Estate News | Wednesday, January 02, 2013 --> Record low mortgage rates and rising consumer confidence has been helping to give the housing market a lift and helped it become the hottest trade in 2012, CNBC reports. For example, stock shares 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...
Five Reasons Home Prices Have Been Rising
By Nick Timiraos Agence France-Presse/Getty Images One reason? Falling inventories of homes for sale. Home prices rose by 0.1% in September from the prior month and by 3.6% from one year ago, the largest such gain in six years, according to a report released Read More...
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