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  • FHA Closing Gap on Capital Shortfall

    Daily Real Estate News | Monday, December 16, 2013 --> A year ago, the Federal Housing Administration was projected to face a $16.3 billion shortfall, but the shortfall now has fallen to $1.3 billion, a new independent audit shows.  FHA received $1.7 billion in funds from the U.S. Treasury in September to help cover projected ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on December 16, 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
  • 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
  • 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
  • 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
  • October Existing-Home Sales Rise

    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 — ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on November 22, 2011
  • 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
  • Michigan Court of Appeals ruling could halt some foreclosures

    A ruling by the state Court of Appeals could mean relief for thousands of people facing foreclosure in Michigan. The ruling applies to foreclosures started under the Mortgage Electronic Registration System, or MERS. MERS is a nationwide system that was created to aide in the sale of mortgage backed securities. In the ruling, which came down ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on April 27, 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
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