Congress Votes for Home Buyer Tax Credit Expansion
As of today – Thursday November 5 – Congress has passed a bill that includes an amendment
to extend and expand the homebuyer tax credit. This bill will be sent to President Obama for
his signature. The National Association of REALTORS® (NAR) has created a side by side
comparison of the ...
BofA Implements Equator (REOTrans) Platform, as Short Sales Gain Ground
10/22/2009 By: Carrie Bay, reporter for DS News
California-based Equator (formerly known as REOTrans) says it has launched the industry's first-ever short sale module for a large national lender.
Although Equator declined to name the lender, the San Francisco Chronicle has reported ...
Passed by the House early in October was a bill extending the $8,000 home buyer tax credit next year for military, diplomatic and intelligence personnel serving overseas. This increases the likelihood that Congress will write an extension of the $8000 tax credit program into 2010 but of course there is no guarantee. Hopefully, lawmakers appreciate the tax credit ...
So the big question is how many foreclosure homes closed in May 2009 in Traverse City? 26 homes out of 88 were tagged as foreclosure or bank owned in Traverse City for May 2009. That represents about 29%. The better news is right now if you complete a search for foreclosure and bank owned homes in Grand Traverse County, there were only 74 such homes available as of June ...
Traverse City Real Estate Market is in fact better. The numbers don’t lie!!! From July 1st 2008 to September 25th 2008 there were 270 closed residential sales reported in the Traverse Area Association of Realtors (TAAR) MLS system. During that exact period of time for this year there were 303 closed residential sales reported. That’s a 12% increase over 2008! ...
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 ...