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KeyCrew Local

Traverse City, Michigan
Real Estate News

First-person real estate news from the verified agents, lenders, and operators working Traverse City. Original local reporting from KeyCrew Media, not aggregated hot takes.

Latest Traverse City & Nearby Real Estate News

Including stories from Grand Rapids, North Branch, Kalamazoo, Pontiac and Chelsea.

For the first time in years, buyers touring waterfront homes in Northern Michigan are no longer rushing to make offers within hours. Open houses that once drew crowds now see only a handful of visitors. Listings that used to sell in a week are now taking 60 to 90 days to close. The frenzy of ...

Steve Marcinuk
29 May 2025

Michigan’s stable climate and abundant freshwater are turning heads in the real estate world, particularly among buyers thinking decades ahead. Andrew McCarthy, founder of Freshwater Development, sees the state as an increasingly attractive option for those weighing long-term risks like insurance affordability and climate resilience. “Michigan has a very moderate climate that remains stable. When ...

KeyCrew
07 Aug 2024

NEW YORK, Aug. 07, 2024 (GLOBE NEWSWIRE) — Greystone, a leading national commercial real estate finance company, has provided a $28,159,600 HUD-insured 221(d)(4) loan to finance the construction of a 192-unit multifamily community in Traverse City, Blair Township, Michigan. The financing was originated by Brian Jones, Managing Director at Greystone, on behalf of JHT Wallick ...

Greystone Provides $28.2 Million in HUD-Insured Financing for Construction of New Multifamily Community in Michigan

If you are shopping for a home in Michigan right now, you are probably watching mortgage rates. But veteran observers in the Lansing and Grand Rapids markets argue that a different number on your monthly statement deserves more attention: your property tax bill. It has been climbing fast enough to cancel out some of the ...

Alejandra Rodriguez
14 Jul 2026

Michigan has long marketed itself on affordability, and for good reason. Home prices across the Lansing and Grand Rapids markets remain well below national averages, drawing first-time buyers, investors, and move-up purchasers alike. But with a November ballot measure that could eliminate property taxes now on the horizon, the state’s cost advantage is facing its ...

More From Across Michigan

Original reporting from other Michigan markets on the KeyCrew network.

Alejandra Rodriguez
30 Sep 2026

A $77,000 mortgage and a $500,000 mortgage require roughly the same amount of processing, underwriting, and closing work. But only one generates enough revenue to keep a loan officer’s pipeline economically viable. That gap, between the labor a small loan demands and the compensation it produces, is one of the less-discussed structural barriers to homeownership ...

Alejandra Rodriguez
18 Aug 2026

Metro Detroit remains one of the few major metropolitan areas where an investor can acquire a property for under $100,000, put in rehab work, and still generate positive cash flow. That affordability continues to attract capital from across the country, but financing these deals and structuring them to survive a missed assumption requires more nuance ...

Heather Hook
28 Jul 2026

In Detroit’s multifamily market, some investors are deliberately acquiring properties that produce no monthly income – and consider them profitable. Larry Gotcher, a real estate professional with Resource Realty Group currently pursuing nine apartment complex acquisitions in Detroit ranging from 100 to 500 units, says the strategy relies on tax code mechanics that most investors ...

Featured Across KeyCrew Media

Editor-picked local real estate reporting from markets across the KeyCrew Media network.

Alejandra Rodriguez
14 Sep 2026

The gap between Houston’s residential market and its coastal neighbor shows what happens when short-term rental speculation meets a correction. Harris County, Texas, currently has roughly six months of housing inventory – enough to classify it as a balanced-to-soft market where sellers need to price carefully and present homes in strong condition. But the sharper ...

Alejandra Rodriguez
14 Sep 2026

The U.S. rental market built aggressively during the pandemic era, particularly in Sunbelt cities like Nashville, Austin, and Dallas. Now much of that new inventory, especially high-end apartments, is sitting partially empty, competing for renters whose budgets have tightened considerably since construction began. The disconnect is straightforward: developers built expensive Class A apartments in markets ...

Alejandra Rodriguez
09 Sep 2026

In most American markets, holding a property for ten or twelve years builds a cushion of equity. In Manhattan, that assumption no longer holds across large segments of the market, according to Nikolay Afanasyev, Founder & CEO of CITY SPHERE Property Group, a boutique brokerage covering Manhattan and parts of Brooklyn. Rising building carrying costs, ...

Steve Marcinuk
09 Sep 2026

For buyers waiting on the largest purchase of their lives, the appraisal process is one of the last black boxes in a home purchase. Turnaround time isn’t a single number; it’s the sum of scheduling, inspection, report production, quality review, and any revision cycles that follow, and thin appraiser panels and uncontrolled revision cycles are ...

Steve Marcinuk
28 Jul 2026

The company has already published over 5,000 articles in collaboration with over 1,800 market experts across all 50 states, powered by a tech-forward approach to research and reporting. MIAMI, FL – July 28, 2026: KeyCrew Media, the expert-sourced real estate news network, today unveiled KeyCrew Local, a network of local real estate news sites and ...

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