Traverse City Real Estate News

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Real Estate Broker/Owner - Cherry Wings Realty - 6502373398



Last week say steady activity with 50 sales, 42 residential, 5 vacant land and 3 commercial. Inventory levels continue to contract with off water homes in Grand Traverse County dropping to an 11 month supply. The lowest levels in many months. This is the first step to stabilize values by bringing...
02/07/2011 thru 02/13/2011 from the Traverse Area Association of Realtors MLS    134         New Listings 40           Sold Listings    Sales By Classification 35 Residential $7,300 to $505,000 Median $78,000 Mean $100,380 DOM 139 4   Vacant Land $8,800 to $16,500 Median $12,250 Mean $12,450 1   ...
  Happy Valentines Day This week saw a drop off in sales from 50 last week back to 40 this week. There are some alarming things happening in the market raising red flags, the most significant being the ratio of foreclosure sales to arms length sales. Liquidation Price is defined as "A forced pric...
Lending Update This past Friday morning (February 11, 2011) the Treasury released its highly anticipated recommendations for reforming Fannie Mae and Freddie Mac, and the debate is expected to focus on two central questions. How much of a role should the government have in the mortgage market an...
The Feds have just released a guideline for timelines on re-purchase timelines for home owners.  REMEMBER   These are only guidelines and times may vary sllightly from lender to lender Federal Housing Administration (FHA) 1) Foreclosure is 3 years 2) Deed-in Lieu is 3 years 3) Short Sale is 3 yea...
Welcome Farmers Insurance I am pleased to announce that Farmers Insurance is now the preferred partner nationwide for HOMES FOR HEROES Homes for Heroes is my way to thank our service men and women, firefighters, police officers medical personnel and teachers for the service that they give to our ...
yep !  You read correctly  Is this "universal" and "accross the board" ?---- nope !   But it does open a lot of doors for say; someone who's credit was damaged as a result of divorce, (or other isolated event that is out of character for the buyer and credit score alone does not reflect the true ...
The risk in their way of thinking presents a number of issues: They really do need to pay attention to the venue/ market for the property they are considering. (this is not Flint)  We,  as Real Estate Consultants have already begun seeing signs of properties "appreciating" in Northern Michigan. T...

Cherry Wings Realty

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local_phone(231) 409-4140
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We will bring you up to date information on Traverse City, MI real estate market as well as activities in the area. Current market conditions are very important when making a real estate decision. I keep current daily on any changes in our market, both on and off water. We are the expert in the region for Veterans who are looking to purchase a home. Being the preferred real estate brokerage for Veterans United Home Loans, we are proud to work with a lender partner who is also an expert in their field when it comes to Veterans.