Definitely worth the 9 minutes to watch.
I handle REO (foreclosure) listings for several banks, including Bank of America and local banks, and the number of new listings incoming have dropped off dramatically recently. In conversation with others who handle these properties, and with local banks, this dip was often echoed. It's likely that a foreclosure moratorium in place over the winter has delayed some properties coming ...
The passing of the $4500 "Cash for Clunkers" tax credit out of the House got me thinking. First, let's not fool ourselves into thinking that this is serious efficiency legislation- yes, it puts an incentive on deciding upon a fuel efficient vehicle, and that's certainly more palatable than forcing higher efficiencies and limiting consumer choice. But this is about getting auto sales moving more than ...
It's all good. The number of residential units sold in Traverse City seems to be stable over the last three months. According the Traverse City MLS stats (via TAAR MLS), there has only been a slight decline in units each month of March, April and May. See graph below for details:
The raw stats are as follows: March of 2008 there were 70 residential sales ...
Stay away from foreclosures!
Did I hear you right? Stay away from foreclosures? Are you on drugs? Yes, but that's beside the point.
I was talking to a first time home buyer in Traverse City recently that made a conscience effort to avoid buying a bank owned property. Why? He simply said "I got tired of being 3d in line and out bid by other buyers." It's true. ...
Traverse City Mi Real Estate
There are a lot of people who are taking advantage of the 1) Lowest interest rates in 50 years, 2) Lowest pricing on homes in many years, 3) The widest selecting of inventory in many years for nearly every market and 4)$8000 tax credit for first time home buyers. Take a look at this video for further reasons not to put off that purchase of a home:
Traverse ...
Traverse City Michigan Real Estate Sales were strong in March and April of 2009! There was reported in TAAR MLS 150 closed homes. Compared with March and April of 2008 that represents approximately a 7% difference. 161 Homes closed in March/April of 2008. Of those 150 Traverse City Mi Homes that closed this year how many were bank owned or ...
Affordable housing in Traverse City has never been better. There are 137 homes tagged as Traverse City foreclosure or bank owned in Grand Traverse County as on April 30 2009. 43 of these 137 Traverse City homes for sale are $150,000 + in value. 10 of these Traverse City foreclosure Homes are between $300,000 and $825,000. So the message is "they are not all dives". ...