Housing Market Rise Seen in Traverse City Area

After years of downturn, positive signs are coming from the local housing market. According to the Traverse Area Association of Realtors, sales have surged almost 30% since January. While sales are up, the median price of homes is down as the buyers market continues through Northern Michigan. Realtors are excited for the results but are cautious until more numbers come in in the coming months. 9&10's Eric Lloyd and photojournalist Jeff Blevins have more on the real estate rise.