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  • 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
  • Feds Target Bid-Rigging Scams at Foreclosure Auctions

    Federal investigators are cracking down on foreclosure auction scams, where real estate speculators illegally try to fix the bidding process on properties. The cases mostly center in northern and central California, but bid-rigging schemes have also been discovered in Raleigh, N.C., and Mobile, Ala. Federal prosecutors have charged 54 people in ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on June 4, 2013
  • December Existing-Home Sales Show Uptrend

    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 ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on January 20, 2012
  • 12 Housing Markets Seeing the Biggest Turnarounds

    Daily Real Estate News | Monday, September 12, 2011 --> The National Association of Home Builders is debuting a new economic index that highlights metro areas that are seeing the most improvement in their housing markets. The First American Improving Markets Index reveals 12 metro areas that have seen a turnaround for at least six months ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on September 13, 2011
  • Green Mortgages Allow More Options for Upgrades

    Daily Real Estate News | Monday, September 12, 2011 --> With the growth of green building the last decade, green lending has emerged to help finance those often costly “green” upgrades. Dave Porter, with PorterWorks in Stanton, Wash., who provides continuing education courses on green lending to those in the real estate ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on September 13, 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
  • 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
  • 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
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