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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
  • 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 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
  • 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
  • Time to snag a lakefront bargain home in Up North Michigan

    TRAVERSE CITY -- Home sales and prices are on the rise in parts of northwestern Michigan as baby boomers scoop up second homes and cottages sometimes years before they plan to retire to get today's discounted prices on lakefront property. Realtors in the area say they've seen heightened activity this year as more buyers are finding the ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on June 3, 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