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  • Century 21 Survey -Home Ownership is Key for Returning Troops

    Daily Real Estate News | Monday, December 02, 2013 --> For 75 percent of military families, owning a home is one of the most important things to accomplish upon returning from service, according to a Century 21 survey. Harris Interactive conducted the study of more than 400 responses of military members or spouses. “Home ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on December 2, 2013
  • Foreclosures Fall to 5-Year Lows

    Daily Real Estate News | Monday, November 25, 2013 --> National foreclosure pre-sale inventory is at its lowest point since 2008, Lender Processing Services reports.  The inventory—which reflects the number of loans that are in some stage of foreclosure—represents 2.54 percent of all mortgaged homes in LPS' ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on November 25, 2013
  • Lenders Loosen Down Payment Requirements

    Daily Real Estate News | Monday, November 18, 2013 --> Lenders' tight underwriting standards have been blamed for sidelining many potential home buyers the last few years. But lenders may be showing signs of loosening up a bit.  The average down payment on a 30-year, fixed-rate mortgage fell 2.74 percent from the second ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on November 19, 2013
  • Housing Moves Toward 'Healthy Equilibrium'

    Daily Real Estate News | Thursday, October 17, 2013 --> The housing market is finding its center again, showing signs of greater balance, according to realtor.com’s latest National Housing Trend Report. The analysis finds year-over-year trends revealing strong gains in median list prices and declines in days on the ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on October 17, 2013
  • 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 David Crowe, chief economist for the National Association of Home Builders. ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on October 7, 2013
  • Foreclosure Starts Cut in Half

    Daily Real Estate News | Monday, September 30, 2013 --> Foreclosure starts have fallen to half the level they were a year earlier, according to second quarter data recently released from the Office of the Comptroller of the Currency.  In the second quarter, there were 150,592 foreclosures started—down 50.8 percent from the ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on September 30, 2013
  • Michigan's Foreclosure Rate drops 55%

    8 States With Biggest Foreclosures DropsDaily 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 were even more pronounced. Financial site 24/7 Wall St. reviewed the states with ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on September 17, 2013
  • 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 of strengthening as demand picks up from Baby Boomers and young professionals. ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on September 9, 2013
  • Foreclosures Down 29% From Year Ago

    Daily Real Estate News | Wednesday, July 10, 2013 --> Foreclosures are continuing a steady fall, as home prices rise and the housing market picks up nationwide.  About 1 million homes were in some stage of foreclosure in May, down from 1.4 million in May 2012, a 29 percent decline, according to CoreLogic’s latest ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on August 27, 2013
  • Shadow Inventories Becoming Vanishing Problem

    Daily Real Estate News | Monday, August 26, 2013 --> Shadow inventories posted the largest quarter-over-quarter decline since the housing crisis began, and dropped 23 percent year-over-year, according to Compass Point Research & Trading.  Shadow inventories — homes at risk of default that have yet to hit the market ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on August 27, 2013