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  • Traverse City Real Estate Market YTD Stats

    The Traverse City area real estate market continues to rebound well and continues to be in great demand , especially the under 250,000 price points....the lower the price point the more demand which is driving inventory down and prices up. Great news if you are a seller, not so great news if you're the buyer. Single family home listings ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on September 9, 2014
  • Foreclosures Fall to 5-Year Lows

    Daily Real Estate News | Monday, November 25, 2013 --> National foreclosure pre-sale inventory is at its lowest point since 2008, Lender Processing Services reports.  The inventory—which reflects the number of loans that are in some stage of foreclosure—represents 2.54 percent of all mortgaged homes in LPS' ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on November 25, 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
  • 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
  • Real Estate Prices Are Going Back Up

    Illustration by Ian Michael Rousey By Jed Kolko Jul 8, 2012 6:30 PM ETHouse prices, after falling for more than five years, are rising again. All the major sales-priceindexes show that there have been modest national increases in recent months, even after adjusting for seasonal patterns. When foreclosures and distressed sales are ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on August 17, 2012
  • Home Ownership - Still HIGHLY Important to Americans

    REALTORS® rallied for the American dream of home ownership. But the nation’s voters are just as committed to the cause, according to a national survey released in May by the Woodrow Wilson International Center for Scholars.July 2012--> Visitors to the nation’s capital saw a sea of blue gathered near the Washington Monument May 17 ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on July 23, 2012
  • Political Deadlock Prompting Sales Deadlines

    Wealthy home owners are reportedly contacting their real estate agents with an urgent request: They must sell their home within the next five months, CNBC reports. Why are they suddenly in such a rush to sell? Wealthy home owners—those with million-plus home values—are seeing Jan. 1 as a deadline to sell their home in case Congress ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on July 23, 2012
  • Traverse City area Home Sales Surge in May

    June 23, 2012 Sales surge continues in May236 homes were sold in the five-county area last monthBy Bill O'Brienbobrien@record-eagle.comThe Record EagleSun Jun 24, 2012, 10:06 AM EDTTRAVERSE CITY — Housing sales continued a spring-time surge in May across the 5-county region. Existing home sales totaled 236 last month in Grand Traverse, ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on June 25, 2012
  • New Michigan Principal Residence Exemption Law Passed

    Yesterday, Governor Snyder signed into law the revised Principal Residence Exemption statute. The revised statute changes the filing deadline for the Principal Residence Exemption Affidavit from May 1 to June 1 and adds a new second filing date of November 1. The law will also allow lenders who foreclose on property to retain the principal ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on May 2, 2012
  • Grand Traverse Regional Homes Sales Jump in February

    March 22, 2012 Regional home sales jump in February141 existing homes were sold last month in five-county areaBy Bill O'Brienbobrien@record-eagle.comThe Record EagleThu Mar 22, 2012, 07:14 AM EDTTRAVERSE CITY — Local home sales continued a fast start in 2012, and jumped more than 16 percent in February. Sales figures from the Traverse ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on March 22, 2012
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