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  • Shadow Inventories Becoming Vanishing Problem

    Daily Real Estate News | Monday, August 26, 2013 --> Shadow inventories posted the largest quarter-over-quarter decline since the housing crisis began, and dropped 23 percent year-over-year, according to Compass Point Research & Trading.  Shadow inventories — homes at risk of default that have yet to hit the market ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on August 27, 2013
  • 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 Hotel Market Gets Makeover

    By Beth Milligan Traverse City hotels are capitalizing on a resurgent economy and multiple national accolades by investing in property expansions and pricey renovations. West Bay Beach, a Holiday Inn Resort, is among the latest hospitality properties to undergo a major remodeling. In 2012, ValStone Partners, LLC, a ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on July 13, 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
  • Fannie Mae/Freddie Mac to Limit Loan Purchases

    Mortgage Giants to Limit Loan Purchases to 'Qualified Mortgages'Daily Real Estate News | Tuesday, May 07, 2013 -->Mortgage giants Fannie Mae and Freddie Mac will begin next year to purchase only loans that meet new “qualified mortgage” requirements, the Federal Housing Finance Agency announced Monday. In January, the Consumer ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on May 7, 2013
  • Mortgage Delinquencies Fall to 2007 Lows

    Daily Real Estate News | Tuesday, May 07, 2013 -->Delinquencies on home loans dropped in March to 0.84 percent of the nation's 50.2 million mortgages -- the first month since 2007 that delinquencies were below the 1 percent mark, Lender Processing Services Inc. reports. First-time defaults -- loans that are at least 60 days delinquent -- ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on May 7, 2013
  • Traverse City Real Estate Is Red Hot

    April 15, 2013 Numbers don't lie, and the statistics and stories alike point to a new real estate boom in Traverse City. The residential real estate rebound is a classic case of supply and demand, with supply of homes in Traverse City down 41 percent in February 2013 compared to a year ago. The backlog of unsold homes we heard about during ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on April 15, 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
  • Fannie, Freddie Footprint to Shrink With New Company

    Daily Real Estate News | Tuesday, March 05, 2013 -->The Federal Housing Finance Agency (FHFA) announced Monday that mortgage giants Fannie Mae and Freddie Mac will create a new joint company for securitizing home loans. The move is viewed as a step toward shrinking the government’s role in the mortgage market. The ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on March 5, 2013
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