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  • Traverse City Real Estate Market Statistics

    Weekly Market Statistics05/13/2013 thru 05/19/2013303 New Listings107Sold Listings290 Pending Sales By Classification80 Residential $19,000 to $1,075,000 Median $156,200 Mean $213,68122 Vacant Land $12,000 to $440,000 Median $79,000 Mean $97,52705 Commercial $225 (Lease) to $285,000Sales by Location14 Antrim County11 Benzie County61 Grand Traverse ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on May 21, 2013
  • Fannie Mae/Freddie Mac to Limit Loan Purchases

    Mortgage Giants to Limit Loan Purchases to 'Qualified Mortgages'Daily Real Estate News | Tuesday, May 07, 2013 -->Mortgage giants Fannie Mae and Freddie Mac will begin next year to purchase only loans that meet new “qualified mortgage” requirements, the Federal Housing Finance Agency announced Monday. In January, the Consumer ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on May 7, 2013
  • Traverse City Real Estate Is Red Hot

    April 15, 2013 Numbers don't lie, and the statistics and stories alike point to a new real estate boom in Traverse City. The residential real estate rebound is a classic case of supply and demand, with supply of homes in Traverse City down 41 percent in February 2013 compared to a year ago. The backlog of unsold homes we heard about during ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on April 15, 2013
  • Foreclosure Filings Fall 25% in February

    Daily Real Estate News | Thursday, March 14, 2013 -->RealtyTrac counted a total of 154,281 U.S. properties with foreclosure filings — default notices, scheduled auctions, or bank repossessions — last month. The number is up 2 percent from January, but is down a full 25 percent from February 2012. The number of American homes ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on March 14, 2013
  • Fannie, Freddie Footprint to Shrink With New Company

    Daily Real Estate News | Tuesday, March 05, 2013 -->The Federal Housing Finance Agency (FHFA) announced Monday that mortgage giants Fannie Mae and Freddie Mac will create a new joint company for securitizing home loans. The move is viewed as a step toward shrinking the government’s role in the mortgage market. The ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on March 5, 2013
  • Are Banks Easing Up on Mortgage Standards?

    Daily Real Estate News | Tuesday, March 05, 2013 -->A very tight mortgage lending environment “promises improvements this year as the drivers of tough credit standards reverse,” according to Moody’s Analytics ResiLandscape Report. Still, lending will remain tight by historical standards, the report notes. Tight ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on March 5, 2013
  • Freddie Mac: Housing Still Has Ways to Go

    Daily Real Estate News | Friday, February 15, 2013 -->The housing market is in recovery mode, but overall activity still remains near historic lows, according to Freddie Mac’s U.S. Economic and Housing Market Outlook for February. "Across the nation, most local housing markets have room for sustainable growth, particularly in ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on February 18, 2013
  • Exterior Projects Provide Biggest Return on Investment

    Daily Real Estate News | Tuesday, January 29, 2013 -->Home owners looking for the most return on their investment when it comes to remodeling should consider exterior replacement projects. According to the 2013 Remodeling Cost vs. Value Report, REALTORS® rated exterior projects among the most valuable home improvement ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on January 29, 2013
  • 6 Reasons Why This Winter Is a Great Time to Sell

    Daily Real Estate News | Wednesday, January 23, 2013 -->Forget the myth that winter is a bad time to sell real estate. While sales usually inch lower in the cooler months, some real estate pros are saying this winter in particular may be a great time to sell a home. Here’s why: 1. Mortgage rates are near record-breaking lows. ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on January 23, 2013
  • Housing Called ‘Hottest Trade of 2012’

    Daily Real Estate News | Wednesday, January 02, 2013 -->Record low mortgage rates and rising consumer confidence has been helping to give the housing market a lift and helped it become the hottest trade in 2012, CNBC reports. For example, stock shares of Pulte Homes and Lennar doubled or nearly doubled and helped the iShares U.S. Home ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on January 2, 2013
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