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  • Lenders Loosen Down Payment Requirements

    Daily Real Estate News | Monday, November 18, 2013 --> Lenders' tight underwriting standards have been blamed for sidelining many potential home buyers the last few years. But lenders may be showing signs of loosening up a bit.  The average down payment on a 30-year, fixed-rate mortgage fell 2.74 percent from the second ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on November 19, 2013
  • Flint Developer New Cherryland Mall Owner

    November 11, 2013By Beth Milligan A Flint-based developer with a controversial project history has purchased the 167,605 square-foot Cherryland Center on South Airport Road in Traverse City – raising questions about the future of the property. V. Kumar Vemulapalli, owner of Durga LLC, purchased the shopping mall in an ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on November 11, 2013
  • New Winery, Including "Wine Cave," Headed to Traverse City

    November 1, 2013By Lynn Geiger Anyone who has headed out the Old Mission Peninsula recently can’t help but notice the piles of dirt and earth-moving equipment about 3 miles up Center Road. That construction zone is site preparation and roadwork for the new Villa Mari Vineyard & Winery, slated to open fall 2014. The ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on November 1, 2013
  • Michael Jordan’s $21M Home on Auction Block

    Daily Real Estate News | Tuesday, October 22, 2013 --> Former basketball star Michael Jordan is selling his $21 million suburban Chicago home — but taking a non-traditional route to do it. He's putting it up for auction.  A growing number of multi-million dollar homes are landing on the auction block as auctions become ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on October 22, 2013
  • Housing Moves Toward 'Healthy Equilibrium'

    Daily Real Estate News | Thursday, October 17, 2013 --> The housing market is finding its center again, showing signs of greater balance, according to realtor.com’s latest National Housing Trend Report. The analysis finds year-over-year trends revealing strong gains in median list prices and declines in days on the ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on October 17, 2013
  • NAHB Says Housing Will Strengthen in 2014

    Daily Real Estate News | Monday, October 07, 2013 --> Despite many headwinds, the housing recovery is expected to pick up in the next year. “The cards are in play for a decent and fairly strong recovery in 2014 and particularly in 2015,” says David Crowe, chief economist for the National Association of Home Builders. ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on October 7, 2013
  • Foreclosure Starts Cut in Half

    Daily Real Estate News | Monday, September 30, 2013 --> Foreclosure starts have fallen to half the level they were a year earlier, according to second quarter data recently released from the Office of the Comptroller of the Currency.  In the second quarter, there were 150,592 foreclosures started—down 50.8 percent from the ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on September 30, 2013
  • Ambitious Water Trail Project Underway

    September 24, 2013By Lynn Geiger An ambitious effort to create a water trail that runs from northern Antrim County to the Old Mission Peninsula – as well as one that lines the local Lake Michigan coastline – is ready to launch. What is a water trail? An aquatic equivalent of a hiking trail – a designated ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on September 24, 2013
  • Michigan's Foreclosure Rate drops 55%

    8 States With Biggest Foreclosures DropsDaily Real Estate News | Tuesday, September 17, 2013 --> The number of home owners entering the foreclosure process dropped below pre-recession levels in August, according to RealtyTrac. In some states, the declines were even more pronounced. Financial site 24/7 Wall St. reviewed the states with ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on September 17, 2013
  • Condo Boom? Market Shows Signs of a Revival

    Daily Real Estate News | Monday, September 09, 2013 --> The condo sector has experienced lackluster growth in sales and development the last few years, but it may finally be seeing a turnaround in markets across the country. Condo sales are showing signs of strengthening as demand picks up from Baby Boomers and young professionals. ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on September 9, 2013
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