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Housing Market New state program offers reduced interest rates to first-time home buyers State officials on Tuesday announced a new assistance program for first-time home buyers in Michigan. The Rate Relief Mortgage program, offered through the Michigan State Housing Development Authority (MSHDA), will provide first-time buyers loans at one percent below the market rate. Currently, that would make the interest rate on a 30-year mortgage though a MSHDA-approved […]
Housing Market Buyer Representation changes by Law Effective August 17, 2024, which is only a few days away, the Real Estate industry is going to experience a couple MAJOR changes. One change effects REALTORS, the other effects the PUBLIC. These changes are REQUIRED and set forth by the National Association of Realtors and as a member, all REALTORS are required to follow […]
Uncategorized Money and Energy with Home Weatherization Weatherization, also known as weatherproofing, protects a home’s interior from outdoor elements, moisture and extreme temperature fluctuations. Those who live in cold climates are well versed in adding an extra layer or two to stay warm as temperatures drop. Though homeowners might not think of it as such, the same concept applies to homes in […]
Traverse City City Officials to Talk Vacation Rentals, Safe Harbor, Master Plan at Joint Meeting City Officials to Talk Vacation Rentals, Safe Harbor, Master Plan at Joint Meeting By Beth Milligan | Feb. 20, 2024 Traverse City commissioners and planning commissioners will hold a study session Wednesday at 6pm at the Governmental Center to jointly discuss several key issues facing the city, including possible changes to vacation rental rules, the […]
Traverse City Countdown Begins to Grandview Parkway Construction By Beth Milligan | Feb. 21, 2024 The countdown is on to one of the largest road projects in modern Traverse City history, with the Michigan Department of Transportation (MDOT) preparing to kick off the reconstruction of Grandview Parkway/East Front Street on Sunday, March 10, according to MDOT North Region Communications Specialist James Lake. Dozens […]
Housing Market The Resilience of the Home Market: No Market Crash in Sight I am writing to share some insights and data that should alleviate any concerns you might have about a potential home market crash. The current conditions in the housing market indicate a strong and stable outlook, and here’s why: Strong Equity Position: A significant proportion of homeowners (over 39%) have no mortgage on their properties, […]
Uncategorized Dave Ramsay’s Take on Home Prices  
Traverse City Nearly $1.6 Million Approved for Mixed-Use Parking Deck Design   By Beth Milligan | July 10, 2023 Traverse City Downtown Development Authority (DDA) board members voted unanimously Friday to spend nearly $1.6 million for schematic and construction designs for a new mixed-use parking deck on State Street, a project that could include hundreds of public parking spaces, housing, and retail space. Several steps are […]
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Uncategorized First-ever international fireworks competition to be held in Traverse City Updated: Jun. 01, 2023, 5:20 p.m.|Published: Jun. 01, 2023, 1:18 p.m. The first-ever International Fireworks Championship will be held at Turtle Creek Stadium in Traverse City on Sept. 9.ToF Feuerwerk By Brandon Champion | bchampio@mlive.com TRAVERSE CITY, MI – An explosive, first-of-its kind event will light up the Northern Michigan sky this summer. Traverse City […]
Housing Market Mortgage Rates Are Steadily Edging Downward May 11, 2023Mortgage FinancingBy: Melissa Dittmann Tracey “A recent sideways trend in mortgage rates is a welcome departure from the record increases of last year,” says Freddie Mac’s chief economist. The average for the 30-year fixed-rate mortgage fell slightly to 6.35% this week, Freddie Mac reported Thursday, helping buyers save more on borrowing costs. “This […]
Traverse City Not Ending, Just Changing: Michael Moore Talks Traverse City Film Fest Future By Craig Manning | May 13, 2023 “We’re not going anywhere. We’re not done.” So says Michael Moore, co-founder of the Traverse City Film Festival (TCFF), when reached for a lengthy phone conversation on Wednesday afternoon. In his first big interview with the media since last week’s announcement that TCFF had arrived at the end […]
Traverse City Ridge45, Birmley Neighborhoods Planned to Expand By Beth Milligan | May 15, 2023 Garfield Township planning commissioners have scheduled public hearings for June 14 on two planned neighborhood expansions: a new phase of Ridge45, which could bring 196 more apartments to the corner of LaFranier and Hammond roads, and a 26-unit subdivision called Birmley Meadows adjacent to Birmley Hills and Birmley […]
Uncategorized East Bay Township Updates: Vacation Rentals, Police Cameras, Fire Station Expansion By Beth Milligan | April 3, 2023 East Bay Township trustees will hold a special meeting Wednesday to discuss new short-term rental rules, which could then be officially introduced at an upcoming meeting and adopted. Trustees are working to get the new rules in place ahead of a June 22 expiration of a moratorium on […]
Uncategorized A $100M bridge: Traverse City bypass plan emerges from 30-year debate Published: Feb. 19, 2023, 7:30 a.m.      By  Garret Ellison | gellison@mlive.com Sheri McWhirter | smcwhirter@mlive.com TRAVERSE CITY, MI — To build the bridge, or not build the bridge? That’s been the question in Traverse City for about 30 years. At long last, there’s an answer. Yes. Build the bridge. In Grand Traverse County, […]
Uncategorized Welcome to my new website Welcome to Traverse City Realtor, Jon Becker’s, new website! Please feel free to reach out if you’re interested in learning more about any of the properties listed on my site or if you’d like me to assist you in buying or selling your home or property.
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