New Foreclosure Numbers May Be A Good Sign for Realtors - Northern Michigan's News Leader

New Foreclosure Numbers May Be A Good Sign for Realtors

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New numbers on foreclosure filings could mean good news for local realtors.

Numbers from Realty Tracy show foreclosure filings in Michigan are down nearly a third from the year before.

9&10 News spoke with realtors in Cadillac and Big Rapids, who are seeing signs of improvement.

The Paul Benyan Board of Realtors says sales in the area are going up.

Low interest rates and improved consumer confidence are two major factors behind increased sales.

One realtor in Big Rapids says he is only seeing a few new foreclosure filings every month.

Last year he said most months had more than a dozen.