House Warming: Grand Traverse market stays hot into 2021

As a mortgage lender, my job is largely contingent upon the state of the real estate industry. So, when I had conversations with real estate agents about what 2020 might look like, I was concerned too. In the early days of the pandemic, Michigan’s real estate...

Cash Cow: Bank, credit union deposits explode up to 48%

Early last spring, TBA Credit Union was averaging about $65,000 a month in deposits from unemployment benefits. Between April and August, that number jumped to $3 million a month as thousands of newly laid-off people deposited their jobless benefits. Overall, TBA deposits are up 20% as of...

Sticker Shock: Sky-high lumber prices hit local construction

From decks to sheds to houses, construction is going to be more expensive for the foreseeable future. It's "a perfect storm" of factors that have caused lumber prices to skyrocket over the course of 2020, says Kingsley Lumber CEO Mike Tucker. [caption id="attachment_59199" align="alignleft" width="272"] Kingsley Lumber...

We Can’t Wait for the Cavalry

Mark Duplass, a successful filmmaker and actor, was the keynote speaker for the South by Southwest conference and festival in 2015. His speech focused on his self-realization about personal responsibility, exemplified by the mantra, "The cavalry is not coming." The phrase refers to the danger of...