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  • Home Prices Rise at Accelerated Levels

    Daily Real Estate News | Wednesday, October 03, 2012 -->Home prices rose in August by their largest amount since July 2006, CoreLogic reports in its August Home Price Index, which includes distressed sales. Home prices increased 4.6 percent year-over-year in August. This marks the sixth consecutive increase in home prices on month-over-month and ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on October 3, 2012
  • Traverse City Real Estate Weekly Market Report

    Weekly Market Statistics09/03/2012 thru 09/09/2012177 New Listings102 Sold Listings279 PendingSales By Classification84 Residential $35,000 to $613,000 Median $167,500 Mean $196,53317 Vacant Land $6,000 to $460,000 Median $42,000 Mean $102,1111 Commercial $115,000Sales by Location05 Antrim County11 Benzie County56 Grand Traverse County12 Kalkaska ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on September 17, 2012
  • Will the Presidential Election Affect Real Estate?

    Daily Real Estate News | Wednesday, September 05, 2012 -->The next president of the United States -- whether Democratic incumbent Barack Obama or Republican challenger Mitt Romney -- could have a big influence over the recovery taking shape in the real estate market, according to political pundits. “The next president, whoever it turns out ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on September 6, 2012
  • Housing Market Shows 'Sustainable' Improvement

    Daily Real Estate News | Monday, August 27, 2012 -->Home sales and prices are ticking up, despite a sluggish economy. In fact, the rebound has economists predicting that housing will likely add to economic growth this year for the first time in seven years. Existing-home sales increased 2.3 percent in July and are up more than 10 percent ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on August 28, 2012
  • 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
  • Political Deadlock Prompting Sales Deadlines

    Wealthy home owners are reportedly contacting their real estate agents with an urgent request: They must sell their home within the next five months, CNBC reports. Why are they suddenly in such a rush to sell? Wealthy home owners—those with million-plus home values—are seeing Jan. 1 as a deadline to sell their home in case Congress ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on July 23, 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
  • 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
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