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Mid-American Title keeps you up to date with the latest news and trends in the industry.
The National Association of Realtor's, has released its Home Buyers and Sellers Generational Trends Report for 2015. Some Of The Highlights Characteristics of Home Buyers Gen Y comprises the largest share of home buyers at 32 percent, which is larger than all Baby Boomers combined. Younger Boomers comprise 16 percent and Older Boomers comprise 15 [...]
Today the Federal reserve, or Fed, is expected to raise it's interest rates. Why is this a big deal? The last time the Fed increased it's rates was in 2006. To put that in perspective, that's a full year before Apple released the original iPhone. Those rates control the cost of just about everything, [...]
Recording costs have always been a variable of nuisance when it comes to buying or selling a new home, refinancing an existing mortgage, or any other type of documents you may need to have recorded with the county’s Register of Deeds office. Why? Each county in the state of Michigan has the ability to [...]
In a handful of U.S. cities, residents enjoy Internet speeds one hundred times faster than the national average. Home and business owners in places like Chattanooga and Kansas City – connected to a 1-gigabit-per-second fiber optic network – can download HD movies in seconds, operate cutting-edge medical and technology firms and tap into optimized city [...]
Back in September we posted Traverse City vs Tall Buildings , as the battle over the skyline of our town was getting started. We have now seen our first approval for a tall building. The Traverse City planning commissioners voted 7-2 Tuesday to approve a special land use permit for a proposed nine-story [...]
Buying a Home Remains 35% Less Expensive than Renting! In the latest Rent vs. Buy Report from Trulia, they explained that home ownership remains cheaper than renting with a traditional 30-year fixed rate mortgage throughout the 100 largest metro areas in the United States. The updated numbers actually show that the range is from an average [...]
C.F.P.B. takes aim at deals that cost home buyers extra money Home buyers usually don’t have a clue about the existence of under-the-table marketing kickback deals, and they can end up paying hundreds or thousands of dollars extra at closings as a result. But now the federal government’s top consumer protection agency says that [...]
As of Saturday October 3rd, 2015 all of the new industry changes and regulations regarding the C.F.P.B. (Consumer Financial Protection Bureau) and T.R.I.D. (Tila-Respa Integrated Disclosure) are in full swing. After the delay of the official roll out of August 1st. What’s it all mean? As of the 3rd every single residential real estate transaction [...]
A new development in Acme’s Traverse Bay RV Resort will bring a national real estate trend to northern Michigan. Owners David & Kathy Scheppe are planning to build 81 sites on the resort property dedicated to “tiny houses,” compact residences averaging just 400 square feet. Also known as micro, little or small houses, the dwellings [...]
Are tall buildings antithetical to downtown Traverse City’s charm and character? Or are they crucial to addressing regional growth and maintaining an economically viable city center? Supporters of both sides are preparing to square off as Traverse City attorney Grant Parsons leads a referendum petition effort that would ban buildings over 60 feet tall in [...]
