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  • 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 in home prices. For example, economists at Bank of America revised their home price ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on March 14, 2013
  • 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 shrinking the government’s role in the mortgage market. The ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on March 5, 2013
  • 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, lending will remain tight by historical standards, the report notes. Tight ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on March 5, 2013
  • 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 the nation, most local housing markets have room for sustainable growth, particularly in ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on February 18, 2013
  • 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 Monday by Lender Processing Services. Compared with one year ago, prices ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on November 27, 2012
  • What’s Really Driving the Rise in Home Prices?

    Daily Real Estate News | Tuesday, November 27, 2012 -->The Wall Street Journal recently cited five significant factors behind the rise in home prices, as numerous markets see significant year-over-year gains. The big price drives are: 1. The rise in housing affordability - which is drawing more buyers out into the market who are looking ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on November 27, 2012
  • 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 3 Commercial $550 ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on October 29, 2012
  • 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 down and values up slightly in 2011 .....2012 is showing even stronger gains.  The ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on October 16, 2012
  • Fannie to Tighten Loan Criteria for Condos, Refis

    Daily Real Estate News | Wednesday, October 03, 2012 -->Starting on Oct. 20, Fannie Mae will be tightening some of its underwriting standards for condo buyers and home owners wanting to refinance. The changes have some in the industry concerned, Realty Times reports. The new guidelines are aimed at reducing Fannie Mae’s risk as well as ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on October 3, 2012
  • 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 in August. This marks the sixth consecutive increase in home prices on month-over-month and ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on October 3, 2012
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