traverse city real estate market conditions: Foreclosure Inventory Plunges 33%
- 03/12/15 06:13 AM
Daily Real Estate News | Thursday, March 12, 2015
Foreclosures are quickly drying up in many markets. Foreclosure inventory dropped 33.2 percent, while completed foreclosures fell 22.5 percent in January year-over-year, according to CoreLogic’s January 2015 National Foreclosure Report.
Read more: Repeat Foreclosures Jumped in January
In January, 43,000 completed foreclosures occurred nationwide, down from 55,000 one year earlier. That also represents a 63 percent decline compared to the September 2010 peak in foreclosures. Foreclosures have fallen every month for the past 39 consecutive months.
"Job growth and home-value appreciation have worked to push the serious delinquency rate to the … (1 comments)
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traverse city real estate market conditions: Michigan Tops Nations housing Price Increases
- 11/05/14 04:16 AM
Home Prices Still Rising, But Pace Slows Daily Real Estate News | Wednesday, November 05, 2014 --> September's home prices showed year-over-year appreciation in every state, but signaled a slowdown as earlier double-digit increases have faded to more modest single-digit increases, according to CoreLogic’s Home Price Index for the month.
Michigan and Montana were the only two states to record double-digit growth year over year, at 10.3 percent and 10 percent, respectively.
Slowing Appreciation
Experts: Home Price Appreciation to Slow Down Through 2016
Almost Half of States Near Home Appreciation Peaks
65% of Markets See Moderate Home Prices
Twenty-eight states, … (0 comments)
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traverse city real estate market conditions: Traverse City Hotel Market Gets Makeover
- 07/13/13 01:10 AM
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traverse city real estate market conditions: Traverse City Real Estate Is Red Hot
- 04/15/13 02:39 AM
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traverse city real estate market conditions: First-time Home Buyers Face Greater Competition
- 01/15/13 12:37 AM
Daily Real Estate News | Friday, January 11, 2013 <!-- /.section-date-author --> <!--<pre><?/*php print_r($node);*/?></pre>--> <!--paging_filter--> First-time home buyers are playing a larger role in the housing market, but they’re finding big changes.
Thirty-nine percent of home sales nationwide were from first-time home buyers during the 12-month period ending June 2012, according to the National Association of REALTORS®. That's up from 37 percent a year earlier.
But while first-time home buyers once had a huge inventory of homes to choose from, now they’re finding tightened supplies and steeper competition for what’s left.
Housing inventories are hovering at record lows in many markets, … (1 comments)
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traverse city real estate market conditions: Housing Called ‘Hottest Trade of 2012’
- 01/02/13 03:43 AM
Daily Real Estate News | Wednesday, January 02, 2013 <!-- /.section-date-author --> <!--<pre><?/*php print_r($node);*/?></pre>--> <!--paging_filter--> 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 Construction ETF rise more than 75 percent in 2012.
Housing-related stocks started moving higher earlier on in 2012 as anticipation built over an increase in home prices.
"The homebuilding sector was one of those stories that you knew … (1 comments)
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traverse city real estate market conditions: Traverse City Real Estate Market Report
- 12/03/12 12:41 AM
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traverse city real estate market conditions: Five Reasons Home Prices Have Been Rising
- 11/27/12 02:59 AM
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 are up by 17.7% in Phoenix, the largest gain among the nation’s 40 largest metro areas. Other cities with notable year-over-year increases include Detroit (11.7%), Las Vegas (11.5%), San Jose, Calif. (11.3%), San Francisco (10%), and Sacramento (8.3%).
Among the top 40 metros, only a handful … (0 comments)
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traverse city real estate market conditions: What’s Really Driving the Rise in Home Prices?
- 11/27/12 02:57 AM
Daily Real Estate News | Tuesday, November 27, 2012 --> The Wall Street Journal recently cited five significant factors behind the rise in home prices, as numerous markets see significant year-over-year gains. The big price drives are:
1. The rise in housing affordability - which is drawing more buyers out into the market who are looking to cash in on low mortgage rates and fallen home prices compared to a few years ago.
2. The rise in household formation - which is expected to hit 1 million new households this year. That is up from an average of 570,000 over … (1 comments)
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traverse city real estate market conditions: Traverse City Real Estate Weekly Market Report
- 09/17/12 04:57 AM
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traverse city real estate market conditions: Will the Presidential Election Affect Real Estate?
- 09/06/12 02:24 AM
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 to be, is going to have a couple of big housing issues to address,” Barry Zigas, director of housing policy at the Consumer Federation of America, told The Washington Post. For example, “What is the government’s role in housing finance, and will consumers have access … (1 comments)
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traverse city real estate market conditions: Housing Market Shows 'Sustainable' Improvement
- 08/28/12 02:56 AM
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 compared to year-ago levels, the National Association of REALTORS® reported last week. What’s more, home prices soared 9.4 percent in July compared to last year at that time—to $187,300—marking the largest price gain in six-and-a-half years.
New-home sales also have been … (0 comments)
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traverse city real estate market conditions: Traverse City area Home Sales Surge in May
- 06/25/12 03:47 AM
June 23, 2012
Sales surge continues in May 236 homes were sold in the five-county area last month By Bill O'Brienbobrien@record-eagle.comThe Record EagleSun Jun 24, 2012, 10:06 AM EDT
TRAVERSE 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, Leelanau, Benzie, Antrim and Kalkaska counties, according to data from the Traverse Area Association of Realtors. That's a 14.5 percent increase from April, and is up 41 percent from May sales in 2011. Year-to-date sales through May totaled 866 homes, the highest in at least seven years. … (0 comments)
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traverse city real estate market conditions: Traverse City area home sales on the rebound
- 05/23/12 01:00 PM
Local home sales on the rebound By Bill O'Brien-Traverse City Record-Eagle Posted: 05/23/2012 7:14 AM Existing 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 from the Traverse Area Association of Realtors. That's a 14 percent increase from March totals and up 31 percent from April 2011.The value of those transactions totaled more than $38.3 million, with nearly $21 million of that from Grand Traverse County. Leelanau totaled just over $5.2 million, while Benzie and Antrim … (0 comments)
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traverse city real estate market conditions: Grand Traverse Homes Sales for March - Highest in 6 Years!
- 04/20/12 01:06 AM
April 20, 2012 Grand Traverse home sales up in March TAAR reports highest March figures in at least six years By Bill O'Brienbobrien@record-eagle.comThe Record EagleFri Apr 20, 2012, 07:18 AM EDT
TRAVERSE CITY — Mother Nature helped boost home sales in the Grand Traverse region.She didn't close any deals, but March's unseasonably warm weather bolstered existing home sales in the five-county region by almost 28 percent compared to February. The 180 homes sold in Grand Traverse, Leelanau, Benzie, Antrim and Kalkaska counties represented the best March numbers in at least six years, and bettered last year's total by more than 10 … (0 comments)
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traverse city real estate market conditions: Home Values Hold Steady, Foreclosures Slow
- 10/13/11 09:37 AM
Daily Real Estate News | Wednesday, October 12, 2011 Home prices mostly held flat in August, increasing a modest 0.1 percent from July to August, according to Zillow’s latest Home Value Index.
Two of the nation’s hardest-hit housing markets, Detroit and Fort Myers, Fla., posted slight price gains in August, now marking several consecutive months of appreciation. But 74 real estate markets experienced slight depreciation in August in home values while 15 housing markets stayed flat, including Los Angeles, Dallas, Chicago, and Miami-Fort Lauderdale, Fla.
Overall, home values have fallen 4.5 percent to $172,600 year-over-year (August 2011 compared to August … (0 comments)
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traverse city real estate market conditions: Make 11.53% more on your home sale w/ Jon Becker
- 04/26/11 08:34 AM
TRAVERSE CITY REAL ESTATE SELLERS TAKE NOTE: So far in 2011 Jon Becker of Century 21 Northland is averages his sellers 11.53% more in sales price of their home than the local MLS average for the area. While the MLS average sales to list price % is 87.87 Jon has average for his clients almost full asking price with a 99.40% sales to list price ratio!!! On a $200,000 home that is an extra $23,000+ in YOUR pocket!
Considering selling in the Grand Traverse area? Contact Jon today for your free no obligation consultation and CMA (Comparative Market Analysis).
Sellers: If … (1 comments)
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traverse city real estate market conditions: Traverse City real estate market statistics 2011 YTD
- 04/26/11 08:05 AM
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Daily Real Estate News | Thursday, March 12, 2015 
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