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  • 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
  • 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
  • Traverse City in Top 5 Small Towns to Visit

    5 Midwestern Small Towns to Visit Now Posted by Kristine Hansen on August 16, 2013 at 11:34:07 AM EDT | Post a Comment Native Midwesterners often joke about "the six weeks of summer," but the season of warmth actually stretches much longer than this, and one thing is for certain: towns in the Heartland celebrate ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on August 20, 2013
  • Despite Rising Mortgage Rates, Housing Remains a Positive Contributor

    July 22, 2013Economy Poised for a Stronger Second Half of 2013Despite Rising Mortgage Rates, Housing Remains a Positive ContributorPete Bakel202-752-2034WASHINGTON, DC – The ongoing housing recovery coupled with improvement in both consumer confidence and the labor market are expected to boost economic growth in the second half of the year, ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on July 24, 2013
  • Downsizing Trend Reverses, Americans Want Big Homes Again

    Daily Real Estate News | Tuesday, June 04, 2013 --> For the past three years, the average size of new homes has been on the rise. The median new-home size in 2012 reached a record high at 2,306 square feet, according to newly released data from the Census Bureau. That is an 8 percent increase from 2009.  During the Great ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on June 4, 2013
  • Traverse City Real Estate Market Statistics

    Weekly Market Statistics05/13/2013 thru 05/19/2013303 New Listings107Sold Listings290 Pending Sales By Classification80 Residential $19,000 to $1,075,000 Median $156,200 Mean $213,68122 Vacant Land $12,000 to $440,000 Median $79,000 Mean $97,52705 Commercial $225 (Lease) to $285,000Sales by Location14 Antrim County11 Benzie County61 Grand Traverse ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on May 21, 2013
  • Traverse City Neighborhoods Get Local, Vocal

    By Beth Milligan When contentious issues come before the Traverse City Commission – be they granny flats, street repairs or urban beekeeping – commissioners often rely on public input to guide their approach in shaping new city policy. But in recent years, some voices have become particularly influential in the local political ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on April 23, 2013
  • 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
  • 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 January, but is down a full 25 percent from February 2012. The number of American homes ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on March 14, 2013
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