May 2024 Issue

Top Sellers: The region's top 50 volume realtors for 2023

By TCBN staff

Residential sales for 2023 were down from 2022 for the five-county area in both units sold and overall sales volume, according to year-end totals from the Northern Michigan Multiple Listing Service (MLS). But what is up is the average sales price of a home, reaching a new record high of $502,697, which is significantly higher than the prior year’s record high of $466,940. Though inventory remains tight and mortgage interest rates have nearly doubled since 2022, demand hasn’t waned much.

Navigating the market's ups and downs are the region's highly-skilled real estate agents. Below is our annual list of the …

Can Munson Remain Independent In A Wave of Michigan Hospital Mergers?

By Rick Haglund

Michigan is in the throes of hospital merger mania as health systems combine to gain market power and boost finances in a state where population growth has been stagnant for decades.

Among them are Grand Rapids-based Spectrum Health, which in 2022 acquired Royal Oak-based Beaumont Health to form the state’s largest health care system. Detroit-based Henry Ford Health announced last year it would take over Ascension Michigan’s 12 metro Detroit hospitals and its Genesys Hospital …

Detour Ahead: Pivoting from fear to finding solutions during road reconstruction

By Sebastian Garbsch

As I look out on Front Street from our business, Blue Goat Wine & Provisions, I see a torn-up road, with bulldozers and excavators. What I don’t see are as many happy customers able to get to us, as people try their best to navigate one of the largest construction projects and detours our area has seen in many years.

One thing that comes whimsically to mind is “this too shall pass” and “what doesn’t …

Much Ado About Nothing?: Local Realtors dispute disruption of industry from recent ruling

By Art Bukowski

A whole new world in real estate? Drastically reduced commissions? The end of buyer’s agents? Maybe, but don’t count on it.

Despite attention-grabbing headlines and speculation, many local real estate professionals don’t expect a whole lot to change in the wake of a much-publicized lawsuit against the National Association of Realtors (NAR).

The class-action lawsuit accused NAR and several large brokerages of conspiring to inflate agents’ commissions. When the NAR settled to the tune of …

'It Takes a Village': Mobile ATS unit provides critical care to rural communities

By Art Bukowski

Cold, Cold Heart: Meet the Traverse City startup using cold technology to revolutionize cardiac treatments

By Craig Manning

Center of Attention: NMC's University Center adapts to education in a post-pandemic world

By Art Bukowski

Bottoms Up: Great Lakes bottom mapping could boost local, regional economy

By Art Bukowski

Even Keel: Great Lakes Water Studies Institute one of NMC's crown jewels

By Craig Manning

From The Desk Of: Allison Beers, owner of Events North

By Art Bukowski

The House Wins: Real estate pros stay passionate in a changing market

By Ross Boissoneau

Play Ball!: Intern recruiting strategies should mirror professional sports for maximum retention

By Gretchen Swanson

Properties that Pop: Recent listings feature views and unexpected locales

By Ross Boissoneau

PRIME Time: New designation means big money for Career-Tech Center's manufacturing programs

By Craig Manning

Formulary for Disaster: Six pharmacy benefit managers control 96% of the prescription drug market

By Andi Dolan

Freshwater Research Innovation Center: A new era of opportunity for northwest Michigan

By Nick Nissley

Commercial RE's Future: How to minimize risk as the market transitions

By David Coonrod

Startups in Northern Michigan: Bailey’s Farms launches small-batch kombucha

By Kierstin Gunsberg

Newsmakers

BANKING

Honor Bank announces the following personal news:

Chauntel Lorenz has been promoted to branch manager of the Traverse City Garfield Avenue location. Lorenz started her career at Honor Bank in 2020 as a customer service representative. Lorenz is also a graduate of Honor Bank’s Rising Leaders program.

Chase …

By Lynn Geiger

Briefly

By Lynn Geiger

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