Month: November 2022

Two Final Bridge Projects, TART Expansion Planned For Downtown

By Beth Milligan | Nov. 21, 2022 Traverse City Downtown Development Authority (DDA) board members Friday approved contributing funds toward two final bridge projects downtown – the reconstruction of the North Cass Street and South Union Street bridges, …

Status Update on 5 New local Housing & Mixed Use Developments

Timeline Check: Status Updates On Five Local Housing Or Mixed-Use Developments By Craig Manning | Nov. 14, 2022 Numerous projects are under construction in and around Traverse City to address the area’s mounting housing shortage. From multi-family developments …

Eleven Takeaways From the 2022 Profile of Home Buyers and Sellers

November 4, 2022 Working With Buyers, First-Time Homebuyers, Working With Sellers By: Jessica Lautz   Picking up the 2022 Profile of Home Buyers and Sellers can be a daunting task. There are 142 pages of content, and many charts span the …

Mortgage Rates Slip After Fed Hike, But What’s Next?

Mortgage rates this week dipped slightly below 7%, even after the Federal Reserve aggressively raised its benchmark interest rate again to tame inflation. The 30-year fixed-rate mortgage averaged 6.95% this week after hitting a 20-year high of 7.08% …