As we move into early winter here in Northern Michigan, a few of you have been asking whether this quieter season is a smart time to buy a home. I wanted to share a quick update based on what I’m seeing in the Grand Traverse market right …

Land Of 9,000 Airbnbs: Northern Michigan's Short-Term Rental Market, By The Numbers

By Craig Manning | Nov. 12, 2025

Short-term rentals (STRs) have been blamed for dwindling housing stock and skyrocketing real estate prices in northern Michigan, and local units of government have had to …

With two Federal Reserve rate cuts already completed this year—and the possibility of more ahead—the question on many minds is: How will this affect the Traverse City housing market?

Here’s what to know right now:

🏡 Mortgage affordability is improving.
Lower borrowing costs are bringing …

Traverse City’s real estate market has been a consistent bright spot in Michigan, attracting buyers for downtown condos, seasonal cottages, and lakefront retreats. But with prices climbing steadily, many clients are wondering whether to wait for a possible drop in interest rates or act now.

Understanding …

Will the Fed Lower Rates in September? What It Could Mean for Northern Michigan Real Estate

The Federal Reserve has recently signaled that an interest rate cut could be on the horizon, with September being a likely timeframe. If rates are lowered, the effects …

Sales of existing homes declined in January but are projected to increase throughout the year. Meanwhile, concerns over tariffs have led home builders to adopt a more cautious stance. Read on for further insights.

·        Existing Home Sales Expected to Improve This Year

· …

Those who monitor news stories or search online real estate listings will have seen how the housing market continuously changes direction. The housing market experiences variable prices and inventory fluctuations while maintaining a steady but unpredictable mortgage rate environment.

I get questions daily about …

Week of February 3, 2024 in Review

Labor sector reports indicated a mix of strengths and weaknesses, while annual home appreciation continues to show solid performance nationwide. Continue reading for these insights and more:

·        January Jobs Report: A Mixed Bag

·        Private Sector …

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Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific …