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  • MSHDA Help for Hardest Hit Homeowners

    Helping Hardest Hit Homeowners  The U.S. Department of Treasury approved the Michigan State Housing Development Authority’s (MSHDA) plan to distribute $154.5 million in federal funds that should help more than 17,000 Michigan households avoid foreclosure.  In February President Obama announced $1.5 billion in funding for innovative ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on July 12, 2010
  • Mortgage Rates hit an All Time Low 4.69%

    Average interest on a 30-year fixed mortgage fell to an all-time low of 4.69 percent this week, down from 4.75 percent a week ago, reports Freddie Mac. Although rates have held below 5 percent since early May, Michael Fratantoni of the Mortgage Bankers Association notes that demand for purchase loans has fallen in six of the past seven weeks and ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on June 27, 2010
  • Understanding real estate Capital Gains

    When you sell a stock, you owe taxes on your gain — the difference between what you paid for the stock and what you sold it for. The same holds true when selling a home (or a second home), but there are some special considerations. How to Calculate Gain In real estate, capital gains are based not on what you paid for the home, but on its ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on June 15, 2010
  • Traverse City Real Estate Market Improves

    More Positive News for the Traverse City Area - Traverse City homes sales +8.71% from 2009!!! Despite all the gloom and doom we all still hear from the media Traverse City home sales are on the rise and expected to continue to do so.  From January 1st - May 30th 2010 Traverse single family home sales rose by 8.71% with 442 homes sold in ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on June 11, 2010
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