Guiding You Through Metro Detroit’s Real Estate: A Personal Mission to Make Homeownership Possible for All

Real Estate News

Zillow Cracks Down on “Coming Soon” Listings to Promote Fair Market Access

In a move aimed at promoting fairness and transparency, Zillow has announced a new policy banning listings that are selectively marketed before being widely shared. Effective immediately, any home listing made public must be broadly distributed across all major platforms — including Zillow — within one day. This decision directly addresses the growing trend among brokerages, such as Compass, to market properties privately through “Coming Soon” pages or exclusive networks before making them publicly available. Zillow’s updated standard reinforces its stance that “a listing marketed to any buyer should be marketed to every buyer,” ensuring that all prospective homebuyers have equal access to new inventory the moment it hits the market.

FHFA to Accept Rent Payments for Mortgage Qualification, Opening Doors for Credit-Invisible Renters

The Federal Housing Finance Agency (FHFA) has announced that consistent rent payments can now be used to help Americans qualify for a mortgage—marking a major step toward credit inclusivity. This policy change enables Fannie Mae and Freddie Mac to factor in rent history, along with other non-traditional payments like utilities and phone bills, when assessing mortgage applicants. It’s particularly impactful for first-time buyers and individuals with limited or no credit history, offering them a new path to homeownership and long-term wealth building. With housing affordability at historic lows, this move could open doors for millions of renters nationwide. As real estate professionals, we now have a powerful opportunity to help more clients transition from renting to owning by guiding them on how to document and leverage their rental payment history. Source: Fox Business – “Rent payments could help Americans qualify for mortgage, FHFA says”

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ABOUT TRACY PETERSEN

With Detroit in my DNA, my journey in real estate has been driven by a genuine commitment to making homeownership a reality for those who may feel it's out of reach. My career began in property management, where I had the privilege of working in under-resourced neighborhoods alongside dedicated social workers and community advocates. Together, we helped families secure not just housing, but the sense of stability and hope that a true home provides. This experience instilled in me a passion for giving back and a lifelong dedication to making a meaningful impact.

As I transitioned into residential real estate, my role and skills grew. I evolved into a knowledgeable, understanding, and confident real estate agent with a strong foundation in leasing and commercial real estate. I take pride in bringing my expertise to every client interaction, guiding people step-by-step to recognize that homeownership is within their reach. My mission is to support those who may have doubts, empowering them to see that they are worthy of a place to call their own.

With a strong marriage and a growing family, I know firsthand the irreplaceable value that “home” brings to our lives. It’s more than a place; it’s a source of strength, comfort, and pride. Every day, I’m grateful for the chance to help clients on their real estate journey, sharing my knowledge and experience to ensure their next steps feel secure and inspired.

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