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Showing page 2 of 3 (27 total posts)
  • 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 created to aide in the sale of mortgage backed securities. In the ruling, which came down ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on April 27, 2011
  • 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 RangeNumber of ListingsAverage Days On Market0$ - $19,9991,102528$20,000 to $39,9991,220604$40,000 to $79,9991,225494$80,000 to $99,999620509$100,000 to ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on April 26, 2011
  • 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 sales awards event, which was held this year in February in Houghton Lake. Century 21 ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on April 26, 2011
  • 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 more, delinquencies were lower than the 4.2% rate reported one year ago. Freddie Mac ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on March 28, 2011
  • 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, from 88.9 in January. The index is 8.2 percent below 98.9 recorded in February 2010. The ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on March 28, 2011
  • 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 broad sweeping effects on the mortgage market.. The Dodd-Frank financial overhaul law, which ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on March 24, 2011
  • 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 of REALTORS®. In the second quarter, 100 out of 155 metropolitan statistical areas ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on August 11, 2010
  • 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 Association notes that demand for purchase loans has fallen in six of the past seven weeks and ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on June 27, 2010
  • Century 21 Northland Home Sales + 31.79%

    For those that read my post a few days ago regarding my personal sales transactions being up 57% in 2009 compared to 2008 in a " down market" as we all constantly here in the media......more great and positive news......my office, Century 21 Northland has seen tremendous increases as well. Our listing inventory ( amount of listings ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on January 12, 2010
  • Home buyer Tax Credit information

    As many of you know the 1st time homebuyer tax credit has not only been extended into 2010 but it has also been expanded to include current home owners as well. Below is a bullet point summary of this great home buyer program. 1ST TIME BUYERS: (does not mean you can never have owned a home - if you have not owned a home in the past 3 years you ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on December 14, 2009