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  • 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
  • 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
  • Economists Revise Housing Figures Amid Optimism

    Daily Real Estate News | Thursday, March 14, 2013 -->Several economists have recently revised their predictions on housing values to reflect a stronger-than-expected real estate rebound, and some have even doubled their original forecasts over the rise in home prices. For example, economists at Bank of America revised their home price ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on March 14, 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
  • 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
  • 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
  • Traverse City Real Estate Market Report

    Weekly Market Statistics 11/26/2012 thru 12/02/2012 119 New Listings 97 Sold Listings 256 Pending Sales By Classification 74 Residential $18,000 to $1,235,000 Median $142,750 Mean $174,953 20 Vacant Land $5,300 to $401,000 Median $36,500 Mean $63,652 3 Commercial $48,500 ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on December 3, 2012
  • Five Reasons Home Prices Have Been Rising

    By Nick Timiraos Agence France-Presse/Getty Images One reason? Falling inventories of homes for sale. Home prices rose by 0.1% in September from the prior month and by 3.6% from one year ago, the largest such gain in six years, according to a report released Monday by Lender Processing Services. Compared with one year ago, prices ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on November 27, 2012
  • Traverse City area Real Estate Market Report

    Weekly Market Statistics 10/22/2012 thru 10/28/2012 124 New Listings 77 Sold Listings 274 Pending Sales By Classification 62 Residential $23,122 to $1,200,000 Median $114,450 Mean $176,846 12 Vacant Land $15,000 to $165,000 Median $34,750 Mean $60,300 3 Commercial $550 ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on October 29, 2012
  • Traverse City area Real Estate Market continues to Improve

    As Many people already know the Traverse City area real estate market certainly took hits over the past few years like anywhere but luckily not nearly as hard as many areas.  Our local market has been recovering for almost 2 years now with inventories down and values up slightly in 2011 .....2012 is showing even stronger gains.  The ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on October 16, 2012
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