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  • What’s Really Driving the Rise in Home Prices?

    Daily Real Estate News | Tuesday, November 27, 2012 -->The Wall Street Journal recently cited five significant factors behind the rise in home prices, as numerous markets see significant year-over-year gains. The big price drives are: 1. The rise in housing affordability - which is drawing more buyers out into the market who are looking ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on November 27, 2012
  • Traverse City area Real Estate Market Report

    Weekly Market Statistics 10/22/2012 thru 10/28/2012 124 New Listings 77 Sold Listings 274 Pending Sales By Classification 62 Residential $23,122 to $1,200,000 Median $114,450 Mean $176,846 12 Vacant Land $15,000 to $165,000 Median $34,750 Mean $60,300 3 Commercial $550 ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on October 29, 2012
  • 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
  • Fannie to Tighten Loan Criteria for Condos, Refis

    Daily Real Estate News | Wednesday, October 03, 2012 -->Starting on Oct. 20, Fannie Mae will be tightening some of its underwriting standards for condo buyers and home owners wanting to refinance. The changes have some in the industry concerned, Realty Times reports. The new guidelines are aimed at reducing Fannie Mae’s risk as well as ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on October 3, 2012
  • Home Prices Rise at Accelerated Levels

    Daily Real Estate News | Wednesday, October 03, 2012 -->Home prices rose in August by their largest amount since July 2006, CoreLogic reports in its August Home Price Index, which includes distressed sales. Home prices increased 4.6 percent year-over-year in August. This marks the sixth consecutive increase in home prices on month-over-month and ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on October 3, 2012
  • Will the Presidential Election Affect Real Estate?

    Daily Real Estate News | Wednesday, September 05, 2012 -->The next president of the United States -- whether Democratic incumbent Barack Obama or Republican challenger Mitt Romney -- could have a big influence over the recovery taking shape in the real estate market, according to political pundits. “The next president, whoever it turns out ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on September 6, 2012
  • What Can Hurt a Home’s Appraisal

    Daily Real Estate News | Monday, August 27, 2012 -->Owners can take steps to avoid having their home appraised at a lower value than the asking price. “Taking the time to understand the areas that can positively influence your appraisal can help ward off the chances that your home will be appraised at a lower value than the asking ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on August 28, 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
  • Mortgage Closing Costs on the Decline

    Daily Real Estate News | Tuesday, August 07, 2012 -->Closing costs have dropped by 7 percent over the last year, according to an annual survey on closing costs conducted by Bankrate.com. Closing costs average $3,754 nationwide. Title insurance and other third-party fees also saw a drop in the last year, falling 12 percent, and origination fees ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on August 8, 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
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