Saturday, January 29, 2011

Timber Ridge Resort in T.C. is a HIdden Treasure

One of my favorite aspects of living in Northern Michigan is learning those secret little places that re difficult to find on a short weekend. One such place is Timber Ridge Resort in Traverse City. In the winter, it's an amazing place to cross country ski, snow shoe, or just enjoy a classic lodge. They have a lighted groomed trail that ties into The Vasa Trail System. For a leisurely glide or for your first try at cross country skiing choose the short loop and head right back to the lodge to warm up by the fire. If you're more ambitious, head out from the lodge and enjoy as many miles of trails as you'd like on The Vasa Trail. The lodge has a ton of seating and it's normally arranged so that small groups can congregate in a more intimate setting. The giant stone fireplace normally has a roaring fire going this time of year and it's a perfect place to sit and reflect on the day. They also provide banquet facilities if you want a casual setting for your next event. We're actually holding our next company wide meeting there next month. In the summer it's an ideal place to camp with tent sites and full service RV sites. There's a pool, track for these great four wheel carts and much more. If you're a mountain biker, it allows you to step right out your door and onto the trails. Next time you're in town, head out to the Eastern end of Hammond Road just South of Traverse City and check it out for yourself.

Friday, January 28, 2011

Foreclosure Listings - Weekly Update

For comprehensive information about purchasing a foreclosure listing, HUD home, Homepath (Fannie Mae) listing or any other repo please read my weekly foreclosure blog posts. Each posts includes links to view the available foreclosure listings!!

Click here to read the Harrison, Michigan (Clare County) foreclosure update.

Click here to read the Gladwin, Michigan (Gladwin County) foreclosure update.

Click here to read the Beaverton, Michigan (Gladwin County) foreclosure update.

Tuesday, January 25, 2011

Price Reduction @ 1441 Douglas Harrison Michigan 48625 $149,900!!! MLS #153801

1441 Douglas Harrison Michigan $149,900

1441 Douglas

MLS #153801

Budd Lake beauty! 72' of sandy beach frontage in a desirable neighborhood! 2 story home offers 1,384 sq ft with a well maintained home. Paved drive, beautiful perennial platings, shade trees and sandy beach frontage along waters edge. Expansive deck with steps to waters edge and stone patio overlooking lake. Interior offers a functional layout with large, heated breezeway , living room, family room, galley style kitchen, separate dining area and family room with a water view. 2 main floor bedrooms and full bath. Upstairs is a a private master suite with office/sitting area, vanity and full bath. Budd Lake is an 175 acre all sports lake. Boat launch is located nearby for your convenience. Harrison is home to Wilson State Park as well. Appliances included and some furnishings to stay. Schedule an appointment today! MLS# 153801

Are you thinking about making Gladwin County, Michigan your new home? Gladwin County is home to both Wixom Lake and Secord Lake! Are you thinking about taking advantage of the great interest rates and affordable prices to buy your own slice of Northern Michigan Heaven? Contact me today and lets gets started! I know the area very well and I know the market even better! You can call me at 989-429-2600 begin_of_the_skype_highlighting 989-429-2600 end_of_the_skype_highlighting, email me at sonya@sonyaloose.com or visit my website.

Mortgage Rates Climb

Stronger than expected economic data with a hint of higher inflation was negative for mortgage markets this week. Concerns about the level of demand for US securities from China added to the pressure. As a result, mortgage rates ended the week higher.
A number of factors combined during the week to push mortgage rates higher. The recent trend of improving economic data continued this week in the housing sector. The inflation component of the Philly Fed manufacturing report also revealed a sharp increase. Later in the week, a Treasury auction for securities which provide protection from inflation showed that investor concerns about future inflation are growing. Investors also worried about a decline in demand for US bonds from China. The Treasury reported that China was a net seller of Treasury securities in November. As the largest foreign holder of US fixed-income securities, any sustained drop in demand from China would have a large impact on US bond markets, including mortgage-backed securities (MBS) markets.
Overall, this week's housing sector data was positive. December Existing Home Sales rose 12% from November to an annual rate of 5.28 million units. The inventory of unsold existing homes declined 4% to an 8.1-month supply. First-time buyers purchased 33% of existing home sales. December Housing Starts fell 4% from November, but December Building Permits, a leading indicator, rose 17% to the highest level since March. The performance of the housing market varied in different regions, but to see improvement on the national level is encouraging
For more information and/or free mortgage advice,please e-mail Keith at: keith@frontstreetmtg.com.

Tight Lines,

Keith