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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
  • 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
  • What Can Hurt a Home’s Appraisal

    Daily Real Estate News | Monday, August 27, 2012 -->Owners can take steps to avoid having their home appraised at a lower value than the asking price. “Taking the time to understand the areas that can positively influence your appraisal can help ward off the chances that your home will be appraised at a lower value than the asking ...
    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
  • 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 Bankrate.com. 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
  • Home Ownership - Still HIGHLY Important to Americans

    REALTORS® rallied for the American dream of home ownership. But the nation’s voters are just as committed to the cause, according to a national survey released in May by the Woodrow Wilson International Center for Scholars.July 2012--> Visitors to the nation’s capital saw a sea of blue gathered near the Washington Monument May 17 ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on July 23, 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
  • Massachusetts Man Pays Off Mortgage in Pennies

    Daily Real Estate News | Monday, July 09, 2012 -->A sweet final pay-off of a home mortgage for a Milford, Mass., man left bank officials counting thousands upon thousands of pennies. Thomas Daigle delivered more than 62,000 pennies to make his final mortgage payment to the Milford Federal Savings and Loan Association. Daigle told The Milford ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on July 9, 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
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