Recent Detroit Housing News

A Hearing on Housing in Detroit Draws a Reluctant Crowd
detroithousingmarket.com
Wayne County officials have warned that 62,000 Detroit properties are subject to foreclosure this year because the owners had fallen three years behind on taxes. Even as Detroit has had a flood of foreclosures over the last six years, this year's ... [...]
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Land Bank Houses Are 50% Off For City Workers & Families
detroithousingmarket.com
@OH Mama: Ironically, I was hit by thieves/scrapers twice last year. Both times in the suburbs, while the Detroit properties went untouched. In one of my Detroit properties, I had a neighbor who came in and questioned anyone coming to the property to ... [...]
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VFA fellows establish business roots in Detroit
detroithousingmarket.com
Secondly, our customers at Castle are primarily individual real estate investors, and Detroit real estate is exploding right now. The closer you can be to your customers, the better off you are. Bosche: Most of my classmates went to Boston, New York or ... [...]
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Detroit Performing Rental – Turn Key Investment Property
detroithousingmarket.com
Mike Simmons from Detroit Cash Flow Properties, LLC takes you through one of their houses that has been completely rehabbed and is ready to rent. Located in ... [...]
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Homeowners facing foreclosure flock to Cobo Center
detroithousingmarket.com
At least 18,000 Detroit properties had delinquent taxes dating to 2010 or earlier, according to county data as of this fall. In a move to stem the tide of foreclosures, Mayor Mike Duggan announced Wednesday that residential property assessments ... [...]
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Detroit property tax assessments to decline as 62000 properties face foreclosure
detroithousingmarket.com
The reductions will come as about 62,000 Detroit properties face tax foreclosure, according to the Associated Press. The Wayne County treasurer's office plans Thursday and Friday foreclosure hearings at Cobo Center for as many as 21,000 property owners ... [...]
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Detroit homeowners getting first property reassessment in 50 years
detroithousingmarket.com
He's been in the business for 30 years and has seen the highs and lows of the Detroit real estate market. So when he heard about Detroit Mayor Mike Duggan's plan for 10 to 20-percent property assessment reductions for three-quarters of Detroit ... [...]
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Detroit mayor to announce property assessment cuts
detroithousingmarket.com
“By and large, Detroit properties have been over assessed for years,” a release from the mayor's office announced late Tuesday. “Correcting this problem will help to bring property assessments and taxes back in line with their actual value and make ... [...]
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Wayne State accepting applications for Detroit Revitalization Fellows program
detroithousingmarket.com
s REVOLVE Detroit program activating empty storefronts; Motor City Mapping in its “blexting” effort to inventory vacant Detroit properties; the Detroit Public Lighting Authority; and Source Detroit to promote local purchasing. Fellows in the 2015-17 ... [...]
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Detroit's $1000 houses may be a lousy deal
detroithousingmarket.com
For Sale: A spacious 1,600-square-foot, three-bedroom Tudor-style home built in 1929, with one-and-a-half baths, glass block windows, hardwood floors, crown molding and custom fireplaces. Within walking distance of restaurants, playgrounds and public ... [...]
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Palace improvements, new TV money help Pistons' value rise 80 percent in …
detroithousingmarket.com
He spent an additional $112.5 million in subsequent renovations. In related NBA valuation news, Dan Gilbert's Cleveland Cavaliers increased 78 percent in value to $915 million, good for 15th on the list. The Detroit real estate investor and Quicken ... [...]
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Home Inspection All Star Detroit
detroithousingmarket.com
If you are in the process of buying a home or simply need a check up of a house and are looking to get a certified home inspector, look no further! Home Inspection All Star Detroit has been servicing the area for over 10 years with a proven track record for excellence and customer satisfaction. We established this business knowing that it is nearly impossible to know who is coming to your home when hiring a service provider. Our company does the work and due diligence of finding someone qualified for the job so you don't have to. From background checks, verifying insurance and following up wit [...]
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The 'demigod' of Detroit: Spotty results when billionaire investors try to …
detroithousingmarket.com
Usher, the R&B star, recently expressed interest in putting money into Detroit real estate — and for this he earned an exclusive tour of the city from Mr. Gilbert himself. When Detroit's bankruptcy proceedings wrapped up last November, it was Mr ... [...]
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Giant HCL Tech Outsourcing Project Adds 1237 Jobs in Wake County
detroithousingmarket.com
Another good news headline for Cary: Global IT services provider HCL Technologies is planning to expand its existing development center in Wake County and create an additional 1,237 jobs there by the end of 2018. According to the Triangle Business ... [...]
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Detroit Housing's for Sale, and Global Investors Want In …
detroithousingmarket.com
the past two … Click here to read the full article. 5. Like. Save. Share. Tweet this; Share to Facebook; Pin It; LinkedIn; Google+. Tags: Detroit, Global, Housing&#39s, Investors, Sale, Want; Categories: Detroit Homes for sale … [...]
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The Palmer Woods house that inspired two DIA directors
detroithousingmarket.com
When Graham Beal retires as director of the Detroit Institute of Arts this June, he and his wife, environmental scientist Nancy Andrews, will leave this large, Cotswold-style home in Palmer Woods. They've lived here for their 16-year stay in Detroit ... [...]
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Detroit's castle: G.A.R. Building project with offices, restaurants inches …
detroithousingmarket.com
DETROIT, MI -- Downtown Detroit real estate is hot right now, and there's no place quite like the 115-year-old Grand Army of the Republic Building at 1942 Grand River Ave. The public is expected to get an opportunity to see what makes this place so ... [...]
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Detroit Housing Market Continues To Improve From Last Year: Up 1.7 Percent …
detroithousingmarket.com
For the seventh straight month, Detroit home prices rose in year-over-year comparisons. According to the Standard & Poor's/Case-Schiller home-price index, Detroit had the biggest increase in home prices over the year in January, up 1.7 percent from the ... [...]
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Dan Gilbert adds 2 buildings to his growing holdings in downtown Detroit
detroithousingmarket.com
This building located on the corner of Grand River Avenue at 1265 Griswold is one of two buildings just acquired by Dan Gilbert. / Kathleen Galligan/Detroit Free Press. By John Gallagher Detroit Free Press Business Writer. Filed Under. Business ... [...]
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Dan Gilbert's Bedrock, Curis Enterprises buy LB King & Co. building
detroithousingmarket.com
Big Four summit: Expect more concrete numbers soon about Wayne County's financial woes. 1 comment · 13 hours ago. Topics in this article: Detroit Real Estate Construction/Property redevelopment Detroit 2.0. Originally Published: January 23, 2015 2:50 ... [...]
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Detroit Land Bank Auctions: Are They Really Working?
detroithousingmarket.com
Eight months have elapsed since the Detroit Land Bank (DLB) began auctioning off distressed properties on BuildingDetroit.com with the requirement that buyers bring the houses up to code. How's it going so far? "Detroit home auction program falters," ... [...]
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Calling itself "Pure Luxury," Cluttered 2BR Ranch Asks $494K
detroithousingmarket.com
With an asking price of nearly $500K, this '50s ranch makes for a strangely cocky listing. It has some desirable qualities—the hot tub + saltwater pool overlooking the Detroit Golf Club is nothing to sneeze at—but we're not buying into the notion ... [...]
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Fifth Third move to One Woodward delayed; new space to be designed as model …
detroithousingmarket.com
Fifth Third Bank Eastern Michigan will employ more than 150 full-time employees in its new 62,000-square-foot offices on four floors in the renamed Fifth Third Bank at One Woodward building in downtown Detroit. Related links. Metro Detroit real estate ... [...]
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A Hurricane Without Water: Foreclosure Crisis Looms in Detroit as State Takes …
detroithousingmarket.com
Everyone who's anyone in Michigan politics, excluding those important enough to be in Washington for the State of the Union, gathered in Lansing to hear Gov. Rick Snyder give the annual State of the State speech Tuesday night. After the mandatory ... [...]
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Detroit layoffs threaten housing-market recovery
detroithousingmarket.com
NEW YORK (CNNMoney.com) -- Just what the devastated Detroit housing market didn't need: more plant closings, more layoffs. The Motor City absorbed the news Monday that General Motors would close 14 plants and three warehouses around the nation ... [...]
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Encouraging News On The Real Estate Front For Home Sellers
detroithousingmarket.com
DETROIT (WWJ) – New data shows that the Metro Detroit real estate market has been on a roll since 2010. People who are selling their homes are getting more money for them and not waiting as long to sell them. The latest report from Realcomp shows the ... [...]
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Possible sale, opt-out clause may rewrite Free Press-News pact
detroithousingmarket.com
In another major move to reduce expenses, the newspapers relocated last year to a smaller office in the former Federal Reserve building at 160 W. Fort St. owned by Detroit real estate entrepreneur Dan Gilbert. He also owns the newspapers' former home ... [...]
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October Development's $20M Hotel and Apartment Project in Pittsburgh …
detroithousingmarket.com
A $20 million redevelopment project centered around the renovation of the former ARC House building on Pittsburgh's North Side will result in a new 120-key Comfort Inn by Choice hotel, a 300-space parking garage and a 36-unit apartment building. [...]
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Chinese Investors Aren't Snatching Up Detroit Property, Yet
detroithousingmarket.com
Some Detroit real estate agents started talking about growing interest from Chinese property buyers, many of whom wanted to make cheap bulk purchases. Then, a China-based international real estate website listed Detroit as the fourth most-popular U.S ... [...]
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Bloomfield Capital Promotes Jake Olsman to Vice President
detroithousingmarket.com
He is a member of the Michigan State University School of Hospitality Business Alumni Association board and Real Estate Investment Management Advisory Council, as well as the Jewish Federation of Metro Detroit's Real Estate and Property Management ... [...]
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New plan to get rid of blight in Detriot involves court system
detroithousingmarket.com
DETROIT (WXYZ) - For the first time, there is a bold plan in place to rid the Motor City of blight and the legal system is a key component. One-fifth of Detroit's properties are plagued with blight, according to the Detroit Blight Removal Task Force ... [...]
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Marquette Building in downtown Detroit sells for $5.775M
detroithousingmarket.com
The 164,000-square-foot Marquette Building at West Congress Street and Washington Boulevard sold to a group of undisclosed out-of-state investors. The purchasing entity, 243 Congress LLC, paid $5.775 million for the building in a deal that closed last ... [...]
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Detroit Housing's for Sale, and Global Investors Want In …
detroithousingmarket.com
the past two … Click here to read the full article. 5. Like. Save. Share. Tweet this; Share to Facebook; Pin It; LinkedIn; Google+. Tags: Detroit, Global, Housing&#39s, Investors, Sale, Want; Categories: Detroit Homes for sale … [...]
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Marquette Building in downtown Detroit sells for $5.8M
detroithousingmarket.com
New York-based HOK buys primary architect for Detroit Red Wings arena · Karmanos sells Whalers to division of Norway manufacturer; team will move to Flint. Topics in this article: Detroit Real Estate. Originally Published: January 14, 2015 1:38 PM ... [...]
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Downtown development mogul Gilbert sees missed opportunities with Detroit …
detroithousingmarket.com
DETROIT -- Real estate mogul Dan Gilbert, the key player in the revival of downtown Detroit, thinks more can be done with the North American International Auto Show at Cobo Center. Just what more, he's not saying or doesn't yet know. There are missed ... [...]
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Big Apple Goes Super Tiny: Micro-Unit Development in Manhattan Lands $10.3 …
detroithousingmarket.com
It took more than one year to get this project going but the Big Apple is finally getting its first ever micro-apartment building developed on city-owned land. As previously reported by Multi-Housing News Online, in early 2013 Monadnock Development LLC ... [...]
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Metro Detroit foreclosures hit new low
detroithousingmarket.com
Foreclosures are expected to continue their decline because of tighter federal lending standards set in 2009, Blomquist said. Metro Detroit real estate agents have said in recent years it is tough to get a mortgage loan on a home valued below $100,000. [...]
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Returning soon to Midtown: Strathmore
detroithousingmarket.com
Where Detroit real estate is concerned, Sue Mosey, president of Midtown Detroit says supply can't keep up with demand. "It's not keeping up really in the spaces that we have for 12 business, both emerging startups, regional companies that want to come ... [...]
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Homes.com® Reports More than One-Third of Housing …
detroithousingmarket.com
Austin Homes for Sale · Charlotte Homes for Sale · Chicago Homes for Sale · Columbus Homes for Sale · Dallas Homes for Sale · Detroit Homes for Sale · El Paso Homes for Sale · Fort Worth Homes for Sale · Houston Homes ... [...]
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Dan Gilbert: Missed opportunities with Detroit auto show
detroithousingmarket.com
Detroit real estate mogul Dan Gilbert thinks more can be done with the North American International Auto Show at Cobo Center. Just what more, he's not saying or doesn't yet know. There are missed opportunities to create an even bigger, Detroit-centric ... [...]
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Barbat builds his portfolio of downtown real estate
detroithousingmarket.com
... Albert in Capitol Park · United Way CEO Michael Brennan to step down at year's end · Michigan suspends insurance licenses of two Dearborn agents. Topics in this article: Detroit Real Estate Construction/Property redevelopment. January 11, 2015 8:00 ... [...]
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Does the Minimum Wage Look Better if You Account for the …
detroithousingmarket.com
Rod Stearling. LOL So does detroit. Forsaken Detroit homes for sale for as little as $1 - NY Daily News But:forbes: two naples mansions sell for more than $40 million apiece ... [...]
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Fundrise to bring real estate crowdfunding to Detroit
detroithousingmarket.com
United Way CEO Michael Brennan to step down at year's end · 10 things to do in Detroit this weekend. Topics in this article: Detroit Real Estate Second Stage. Originally Published: January 11, 2015 8:00 AM Modified: January 11, 2015 8:47 AM ... [...]
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Detroit Housing's for Sale, and Global Investors Want In …
detroithousingmarket.com
the past two … Click here to read the full article. 5. Like. Save. Share. Tweet this; Share to Facebook; Pin It; LinkedIn; Google+. Tags: Detroit, Global, Housing&#39s, Investors, Sale, Want; Categories: Detroit Homes for sale … [...]
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One-Fifth of Detroit's Population Could Lose Their Homes
detroithousingmarket.com
In the next couple of months, Wayne County's treasurer will be serving foreclosure notices on 75,000 more properties, 62,000 of which are in Detroit, according to its chief deputy treasurer David Szymanski.* With half of those Detroit properties ... [...]
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Gentrification of downtown Detroit producing huge profits for the rich
detroithousingmarket.com
“I would bet you that of the 100 people who moved out of here, 95 of them are happier today. You can't even wrap your imagination around what this place once looked like—it was beyond a dump.” So wagered Todd Sachse, referring in a recent Detroit Free ... [...]
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