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  • 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
  • 3.8% Investment Tax - Effective January 2013

    Applies to: ! Individuals with adjusted gross income (AGI) above $200,000 Couples filing a joint return with more than $250,000 AGITypes of Income: Interest, dividends, rents (less expenses), capital gains(less capital losses)Formula: " e new tax applies to the LESSER of" Investment income amount" Excess of AGI over the ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on August 8, 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
  • Shadow Inventory Drops to 2008 Lows

    Daily Real Estate News | Monday, June 18, 2012 -->Shadow inventory dropped nearly 15 percent year-over-year in April and is at about a four-month supply—reaching its lowest level in nearly three years, real estate data provider CoreLogic reports. Shadow inventory, as defined by CoreLogic, refers to properties that are seriously delinquent ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on June 18, 2012
  • Traverse City area home sales on the rebound

    Local home sales on the reboundBy Bill O'Brien-Traverse City Record-EaglePosted: 05/23/2012 7:14 AMExisting home sales continued to surge in the 5-county area, and sale prices also are starting to rebound. April home sales totaled 206 across Grand Traverse, Leelanau, Benzie, Antrim and Kalkaska counties, according to data ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on May 23, 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 Home Sales up in March

    April 20, 2012Grand Traverse home sales up in MarchTAAR reports highest March figures in at least six yearsBy Bill O'Brienbobrien@record-eagle.comThe Record EagleFri Apr 20, 2012, 07:18 AM EDTTRAVERSE CITY — Mother Nature helped boost home sales in the Grand Traverse region. She didn't close any deals, but March's unseasonably ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on April 20, 2012
  • 2011-12 Cost vs. Value: Big-Bang Remodeling Projects

    Find out which remodeling projects will provide the biggest bang for your buck this year, according to Remodeling magazine.March 2012 | By Erica Christoffer--> Optimizing the use of space in a home will not only attract buyers but also give sellers more bang for their buck, according to Remodeling’s “2011–12 Cost vs. Value ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on March 30, 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
  • 2011 Traverse City Real Estate Statistics

    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 ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on January 24, 2012