Traverse City Area Real Estate

Daily Real Estate News | Friday, February 03, 2012 -->Mortgage rates once again inched lower this week, lowering the cost of borrowing and increasing housing affordability. "Most mortgage rates eased to all-time record lows this week as fourth quarter growth in the economy fell short of market projections,” Frank Nothaft, Freddie ...

Despite the gloom and doom we all hear daily from the news media Traverse City area real estate is moving in a positive direction. A year to year comparison from 2010 to 2011 shows that our local area ( mostly Grand Traverse, Leelanau, Benzie, Antrim, Kalkaska counties) is showing increases in average sales price with less inventory on the ...

Daily Real Estate News | Friday, January 20, 2012 -->Existing-home sales continued on an uptrend in December, rising for three consecutive months and remaining above where they were a year ago, according to the National Association of REALTORS®. The latest monthly data shows total existing-home salesrose 5.0 percent to a seasonally adjusted ...

Daily Real Estate News | Friday, December 30, 2011 --> The “government, the mortgage industry, and forces of nature all shook the housing market in 2011,” according to a recent Time magazine article, which highlights the key issues that had the greatest impact on the real estate market this year--and what’s expected to ...

11/16/2011 The Michigan Supreme Court has reversed an appeals court ruling that had sent shockwaves throughout the Michigan real estate industry for the last few months. The Michigan Supreme Court said Wednesday that it is legal for Mortgage Electronic Registration Systems to foreclose by advertisement when a loan is defaulted. ...

Daily Real Estate News | Friday, December 02, 2011 --> Averages on fixed-mortgage rates continued to hover near historic lows for the week, while adjustable-rate mortgages inched down slightly to reach new record lows, Freddie Mac reports in its weekly mortgage market survey. "Mortgage rates were little changed this past week, with ...

Daily Real Estate News | Monday, November 21, 2011 --> Existing-home sales improved in October while the number of homes on the market continued to decline, according to the National Association of REALTORS®. Total existing-home sales — completed transactions that include single-family, townhomes, condominiums and co-ops — ...

Daily Real Estate News | Friday, November 11, 2011 --> For the second time this year, the 30-year fixed-rate mortgage dropped below 4 percent and continues to hover around record lows, Freddie Mac reported in its weekly mortgage market survey. Yet overall, "fixed mortgage rates were little changed this week amid a mix of economic ...

Daily Real Estate News | Monday, October 31, 2011 --> Which cities are home buyers targeting the most? Realtor.com recently released its search rankings of 146 metros during the month of September. The following are the 12 most-searched markets last month, including their median list prices. 1. Chicago: $199,000 2. Detroit: ...

Daily Real Estate News | Wednesday, October 26, 2011 --> Rising rents are forcing renters to outspend home owners on housing costs, according to a new study. Since 2005, home owners’ housing expenses have climbed from 31.9 percent of their household budget to 33.2 percent. On the other hand, in that same time period, ...