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  • Foreclosure Inventory Plunges 33%

    Daily Real Estate News | Thursday, March 12, 2015 --> Foreclosures are quickly drying up in many markets. Foreclosure inventory dropped 33.2 percent, while completed foreclosures fell 22.5 percent in January year-over-year, according to CoreLogic’s January 2015 National Foreclosure Report.Read more: Repeat Foreclosures Jumped in ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on March 12, 2015
  • Pending Home Sales Surge to 18-Month High

    Pending Home Sales Surge to 18-Month HighDaily Real Estate News | Monday, March 02, 2015 --> A rise in buyer demand pushed pending home sales upward in January to the highest level since August 2013, according to the National Association of REALTORS®’ Pending Home Sales Index, a forward-looking indicator based on contract ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on March 2, 2015
  • Why Buyers May Find Mortgages Easier to Get

    Daily Real Estate News | Monday, February 23, 2015 --> Good news for potential home shoppers: A Mortgage Bankers Association index shows lender requirements regarding credit scores, down payments, and other key terms are finally loosening up. Some lenders are even expanding the types of mortgages they offer. These moves come after ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on February 23, 2015
  • NAR: Home Sales Only Going Up From Here

    Daily Real Estate News | Thursday, January 08, 2015 --> Existing-home sales will likely rise about 7 percent this year, as a strengthening economy and job growth leads to a healthier market, according to the National Association of REALTORS®' 2015 housing forecast.Housing Roller Coaster Something's Wrong With the ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on January 8, 2015
  • Did Mortgages Just Get Easier to Obtain?

    Daily Real Estate News | Tuesday, December 02, 2014 --> Fannie Mae and Freddie Mac's new lending guidelines went into effect Monday, which are expected to help loosen up the tight credit standards that home buyers and refinancers have faced in recent years. The guidelines clarify when lenders will be penalized for making mistakes ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on December 2, 2014
  • Michigan Tops Nations housing Price Increases

    Home Prices Still Rising, But Pace SlowsDaily Real Estate News | Wednesday, November 05, 2014 --> September's home prices showed year-over-year appreciation in every state, but signaled a slowdown as earlier double-digit increases have faded to more modest single-digit increases, according to CoreLogic’s Home Price Index for ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on November 5, 2014
  • Traverse City Real Estate Market Update/Statistics

    As of the end of the 3rd Quarter 2014 the Traverse City area Real Estate Market continues to rebound nicely with values and average & median sales prices on the rise and days on the market on a decline. Year to date through Sept. 30,2014 over the same time frame 2013  the 5 county area  ( Grand Traverse, Leelanau, ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on October 17, 2014
  • Downtown Traverse City Living Demand Spurs Building Boom

    Downtown Living Demand Spurs Building BoomOctober 13, 2014By Lynn Geiger Downtown Travese City is experiencing a building boom --driven by strong demand for residential living in the downtown district. In the last two weeks alone two developments held groundbreaking ceremonies – and together will add close to 40 ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on October 13, 2014
  • 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