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Soaring home prices push local buyers out of hot housing market | Business

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TRAVERSE CITY — Nearly 400 residents around Spider Lake recently received postcards decorated not with images of beach scenes or sunsets, but snapshots of a local couple and their 1-year-old child.

The text on the card told recipients that the couple might like to buy their house.

Direct-mail isn’t the usual method house-hunters use to seek a new place to live. But frustration with the competitive local housing market pushed Sebastian and Holly Garbsch to try the long-popular marketing technique.

”We own a house just down the road from Spider Lake, in the Arbutus Lake area,” Sebastian Garbsch said. “I’ve lived there for 16 years and it’s been like my dream for 16 years to get on the water. We’ve been saving and saving. The last two summers we’ve been looking —…

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