Traverse City Real Estate in 2011

As we experienced a better year in 2010 than 09 or 08, we are hoping to see sustained activity levels throughout the New Year of 2011. It is an excellent time to purchase property if you are a buyer. With historically low interest rates and a large amount of inventory to choose from, its a great time to be a buyer. Challenges include the sometimes stringent criteria of some lenders and the unemployment rates are very high here in Northwestern Michigan. I feel the key to sustained activity levels is consumer confidence tied directly to the employment situation. I am seeing the best activity in as first quarter already than I have since 2006! Properties are going under contract and closings are happening in January, so don't let the snow and a little cold keep you from getting in the market! 

Sam Abood

Sam Abood

Associate Broker - GRI
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