Personal Summer Retreat on Boardman River

1031 NW Boardman River Rd

Kalkaska, MI

  

Estate-sized parcel of close to 40 acres, surrounded by state land, w/ year-round 1947 classic log home overlooking the Boardman River. Home features much character & ambiance w/ privacy supreme. Perfect family, hunting/fishing getaway & ideal for winter pursuits including some of the best snowmobiling in Michigan. 28×24 detached garage & additional outbuilding for secure storage of all your toys & gear. Rare find in every way less than 20 miles to Traverse City & convenient to 131 expressway too!

Virtual Tour URL   Listing Details

$529,500

For more information, please call the Nichols Team at 231-941-8283 or tcinfo@remerica.com

OMG! Nearly 300 Acres of PRIME Northern Michigan Hunting Land

00 Crouch Rd

Kalkaska, MI

Serious hunting, fishing & recreational enthusiasts take note! Almost 300 acres of diverse, prime Northern Michigan upland surrounded by large parcels plus bordering state land giving you walking distance access to the Manistee River. Variety best describes this parcel that includes breathtaking ridge-top views of the Manistee River Valley, hardwoods, pines, rolling hillsides & meadows. Spring on portion of land attracts wildlife & pond construction is possible in spots! Detailed maps & GPS coord available.

Virtual Tour URL   Listing Details
$600,000

For more information call the Nichols Team at 231-941-8283 or tcinfo@remerica.com

2 Bedroom Cottage w/66′ of Private Long Lake Frontage

92 S South Long Lake Rd

Traverse City, MI

Desirable sandy bottom, 53’ Long Lake frontage on south end provides fantastic views of islands & sunrises/sunsets! Addtl sleeping nooks throughout home. Unfnshd walk out bsmt would make nice family room or master bdrm. Home is ready for new owner’s updates to make their own…why pay for someone else’s décor? Nature friendly treed lot means low maintnce and more time to play. Dock/Boat included. Sold as is. Home next door also listed by different owner. Buy both and have estate parcel while opportunity exists.

$340,000

Listing Details

For more information, please call Diane Mack at 231-631-1462 or dianemack@remerica.com

 

Spacious Home on 3+ Acres near Mesick

130 Old PIneway Trail

Mesick, MI

Spacious 4 bedroom/3.25 bathroom home on a sprawling 3.65 acre parcel. This 2,520 sq. ft. home has it all and there is an additional 1,586 sq. ft. unfinished basement w/9’ceilings. The master bedroom has a walk-in closet and private bath w/double sinks. The kitchen has newer (2005) appliances with a large pantry for all the goodies. Beautiful split-stone fireplace in living room. Oversized (27×26) 2 car garage with storage trusses.

Listing Details     Virtual Tour.

For more information, please call the Nichols Team at (231) 941-8282 or tcinfo@remerica.com

 

Home on Long Lake

84 S South Long Lake Rd

Traverse City, MI

Premiere 63’ Long Lake private water frontage, hard, sandy bottom with gentle slope to deeper water. Prized, long views of the lake and islands while enjoying sunrises and sunsets! Terraced lot with minimal stairs to water. Needs new roof…otherwise very well maintained including new well in ’03, drainfield in ’04, water heater and on-demand water softener in ’06. Includes docking which is already in. Still time to purchase and enjoy 4th of July fireworks set off around the lake!

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For more information, please call Diane Mack at 231-631-1462 or dianemack@remerica.com

 

Weekly Market Forecast – June 9, 2008

Week of: Monday, June 09, 2008

Present Market Conditions
Stocks gave back their gains from the week before and the short-lived boost in the U.S. dollar following Bernanke’s comments also retreated to previous levels. The unemployment rate jumped to 5.5%, it’s highest since 2004, however this tends to hold or reduce interest rates; a good sign for the mortgage industry. Fannie Mae’s president and CEO, Daniel Mudd commenting on the most sever housing slump since the Great Depression, said that we are “Likely to be about halfway through right now.” Fed Governor Randall Kroszner recently said the U.S. housing sector will gradually recover as an excess of home inventory is reduced. Fed Governors differ as to when the Fed should start tightening to stave off inflationary concerns, but agree it will likely not be until the end of the 2008.

Expectations
Mortgage rates are expected to continue to bounce up and down but fortunately within a tight range. Most all eyes will be on two primary economic reports due for release this week. Retail Sales, released by the Department of Commerce, is due out Thursday and the Consumer Price Index (CPI), released by the Department of Labor, is due out this coming Friday. Both are expected to have approximately a .5% increase. If the actual numbers are lower, rates will likely follow with a slight decrease; the opposite being true as well.

Guidance
Despite the volatility, rates continue to be at record lows. With growing speculation of inflation and potential interest rate increases be sure to leverage the knowledge and experience of Georgie to assist you in structuring a mortgage solution to meet your financial goals.

georgie@traversemortgage.com

 

Ultimate 5th Floor Traverse City Condo

333 W Grandview Parkway #501

Traverse City, MI

  

This 5th floor condominium unit is available in white box condition, allowing you to finish every last detail to your own specs – including the layout! This particular unit can be utilized for either residential or commercial purposes. Create your own custom residential hide-away or develop your own private office space. You have over 2,700 sq.ft. of space with which to work. Large windows, covered balcony w/Bay views & resident clubroom w/ rooftop terrace. Walk to downtown shopping & restaurants or beach.

Listing Details

For more informtaion, please call the Nichols Team at 231-941-8283 or tcinfo@remerica.com.

 

Updated Turn-of-The-Century Victorian on Water

5681 E Boardman Rd

South Boardman, MI

Park-like setting! 140’ on Wellman Pond – bluegill, perch trout, canoeing, swimming! Take advantage of this great waterfront home without the high price. Updated turn-of-the-century Victorian home. Updated in 2005: newer windows, siding, furnace, interior & more. Bright with windows, country kitchen, wood laminate floors, screened porch plus your own private waterfront. Easy to show and priced to sell!

Listing Detail

For more information, please call Sharon Reid-Brown at 231-632-6260 or sharonreid@remerica.com

 

Tame Inflation Data Turns Rates Lower

Mortgage rates ended the week close to where they began the week, but the end result masked a lot of movement. The week began poorly for
mortgage markets. Stronger than expected Retail Sales data and tough talk on inflation from Fed officials pushed mortgage rates higher on
Monday and Tuesday. In particular, Tuesday's Fed speakers suggested that the economy was beginning to recover - even if there is still a long way
to go - and that inflation concerns have increased. The tide turned on Wednesday, however, when CPI, the most closely watched inflation report
of the month, showed a lower than expected increase in inflation. Mortgage rates fell every day through the remainder of the week.
 
The April Core Consumer Price Index (CPI) rose at a 2.3% annual rate, below the consensus forecast of 2.4%. So far, higher food and energy
prices have not been passed through in a large way to the prices of other goods. The Fed has been emphasizing inflation fears for a couple
of weeks, which has had a negative impact on mortgage markets, so the good news on inflation was a relief to many investors. The Fed is
generally considered to be comfortable with Core CPI readings below 2.5%.
 
In the housing sector, this week's news was mixed. Against a consensus forecast of 940K, April Housing Starts rose 8% to an annual rate of
1,032K units. Building Permits, a leading indicator of housing market activity, rose 5%, the first increase in in five months. The
construction of single family homes remained weak, however. The strength in the Housing Starts report came from new apartment construction, which
is extremely volatile on a monthly basis. Separately, the National Association of Realtors (NAR) reported that median home prices fell 8%
during the first quarter from the same period one year ago. The chief economist of the NAR suggested that the data may be a little misleading,
since a smaller percentage of high end homes were sold during the period due to the difficulty in obtaining jumbo mortgages. In addition, the
results varied in different parts of the country. 100 out of 149 metropolitan areas saw price declines during the first quarter.



Brought to you by:

Corey Phelps

Front Street Mortgage

Phone: 231-360-7283

3BR/2BA Home on 2+ Acres West of Interlochen

11091 Emerald Forest

Interlochen, MI

Gorgeous up north setting!!! This 3 BR/2BA home is surrounded by hardwoods and pines with wildlife galore! It also boasts a remodeled master bath, screen-in back deck, newer carpet, natural fireplace, oversized 24 x 36 detached garage, storage shed, central air, all appliances, water softener, ceiling fans, IMMEDIATE OCCUPANCY! Close to golf courses, lakes, skiing, snowmobiling, recreation right out your door! This is a bank owned home and all offer WILL BE CONSIDERED!

Listing Details

For more information, please call Jeff Yule at 231-392-6795 or jeffyule@remerica.com