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Statistics |
| Unique Visitors: 3 |
| Total Unique Visitors: 7759 |
| Visitors Out: 308 |
| Total Visitors Out: 308 |
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| GR developer at center of Detroit corruption probe |
| 2008-07-04 12:37:00 |
An Alpine Township man at the center of an investigation into alleged Detroit City Hall corruption was working for a company that holds a $3 million sludge-hauling contract with the city of Grand Rapids, as well as contracts with other West Michigan communities.However, Grand Rapids city officials say they don't expect the Detroit case, which involves local developer James Rosendall Jr., to have an impact on their contract."It's of interest to us," said Grand Rapids Assistant Director of Environmental Services Mike Lunn. "I don't see how it would impact us at all."
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| Showcase of Detroit homes |
| 2008-06-25 03:17:00 |
Ken Scott, chairman of the University Commons Home Buying Seminar and Neighborhood Open House Bus Tour, said more than 100 homes are for sale within the 3-square-mile area bordered by Eight Mile, the Lodge Freeway, Woodward Avenue and Schaefer."Our emphasis is getting families to consider purchasing a primary residence in these areas," said Scott, a real estate agent with Candler, Scott and Wallace Real Estate Consultants. "We want to showcase these communities and point out that the homes here have never been at a better value."The event is free to the public and will start with a home-buying seminar from 11 a.m. to 2 p.m. at University of Detroit Mercy Student Center Building, 4001 W. McNichols Road, Detroit.
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| Rediscovering Detroit Real Estate |
| 2008-06-11 02:45:00 |
Doom-and-gloom media coverage has commonly painted a picture of Detroit as a city in peril. Investors who do their own research, however, will probably discover undervalued opportunities for investment buried beneath the city’s tarnished reputation. Some speculators have already begun to take advantage of the market’s tremendously low property prices, while other buyers are still waiting for the market to hit bottom.Of course, investors should not overlook the serious problems faced by Detroit’s Estate">real estate market—problems such as widespread foreclosures, a weakened local economy, high rates of unemployment and rampant crime in the city. Yet remarkably, more than 99 percent o
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| GM buys its Detroit headquarters for $626 million |
| 2008-05-14 04:57:00 |
DETROIT (AP) — General Motors Corp. said Thursday that the shaky real estate market convinced the automaker that it was a good time to buy its previously leased headquarters in downtown Detroit's towering Renaissance Center for $626 million.GM revealed the May 1 purchase in a filing Thursday with the Securities and Exchange Commission. GM said it paid $626 million cash for the headquarters and $200 million cash for two office properties in nearby Pontiac.The move comes in the face of GM's own business difficulties, including a $3.3 billion loss in the first-quarter, when Toyota Motor Corp. took the lead in global sales.
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| Michigan commercial real estate houses |
| 2008-05-06 04:04:00 |
The Commercial Board of Realtors' listing information exchange will get a serious boost when two major commercial Estate">real estate houses begin this month to share all their historical data and proprietary listings.Signature Associates, based in Detroit and with offices in Grand Rapids and Kalamazoo, announced it would hand over its 2,400 listings to CPIX, the information exchange used by CBOR members and the Michigan Economic Development Corp.Colliers Inc., based in Southfield, also will share its information, including some 1,000 listings, Signature Vice President and managing director Mark Woods said.
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| Investors snap up big deals in Detroit |
| 2008-04-18 11:28:00 |
Overall, metro Detroit home sales rose 2.5% in March compared with March 2007, according to figures released Monday by Realcomp Inc., a Farmington Hills-based multiple-listing service.Sales for the month were down in Macomb, Oakland and Livingston counties, however. Sales fell by 12.6% in Livingston, 4.6% in Macomb, 4% in Oakland and 5.4% in the St. Clair area, which includes areas in the Thumb. Wayne County sales rose 17%."There are a lot of out-of-state investors coming in to town to buy homes. They seem to be aware of the fact that there are good deals in the city of Detroit," said Bryant Harris, an agent with 20th Century Real Estate in Detroit. "The market affords people the opport
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| America's Riskiest Real Estate Markets |
| 2008-04-05 17:52:00 |
There's roulette and there's skydiving. Then there's investing in Detroit and Cleveland Estate">real estate.That's especially risky because those markets are in freefall. Lenders have fled, foreclosures are on the rise, homes aren't selling and local economies have stalled.The riskiest were those that had the highest foreclosure rates, slow job growth (or job loss) and a rash of listed homes.
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| Now is the opportunity to buy a home |
| 2008-03-17 05:52:00 |
As a real estate agent in the lakes country area, which includes the communities of Detroit Lakes, Lake Park, Audubon, Pelican Rapids, Hawley, Mahnomen, Park Rapids and points in between, I’m struck by the apprehension about buying a home in today’s market.The truth of the matter is that there has never been a better time to buy when we consider the unique forces at play. Interest rates are near 40 year lows, prices have moderated, and the number of homes on the market is greater than it has been in years.
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| Profiting from problems of others |
| 2008-03-10 04:14:00 |
Last year, Detroit led the United States in foreclosures, with close to 5 percent of its households entering some stage of foreclosure, according to RealtyTrac, an online marketplace for foreclosure listings.That number was nearly five times the national average, and almost double the number of foreclosures in Detroit in 2006.But every cloud has a silver lining. Just ask Ralph R. Roberts, a top real estate agent in Detroit who says he has personally bought and sold more than 2,000 foreclosed properties during his career."This could be a great time to buy a home - if you have the resources," he said.Roberts, who is the author of Foreclosure Investing for Dummies and Flipping Houses for Dummies, said in a recent interview that he believes that more than 6 million families are in distress nat
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| From the Ashes of the Detroit Housing Market |
| 2008-03-03 11:33:00 |
Detroit, MI – In the Detroit market is now possible to stop making house payment and/or stop paying rent and yet enjoy the pride of home ownership independent of credit score. The depressed Michigan housing market allows investors to buy bank owned properties for les than 20 cents on the dollar. These properties can be re-habbed, HUD-appraised and purchased by a senior, who is 62 or older and approved for a reversed mortgage. This senior can now be a proud home owner without ever having to make house payments again! The investors are willing to help the seniors by providing a private mortgage or land contract on the home while the reverse mortgage is obtained.What is a reverse mortgage
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| Michigan’s Largest Real Estate Broker Reports $5.4 Billion in Sales |
| 2008-02-25 05:36:00 |
Morris works with John Adams Mortgage Company offering quick approval, equity and bridge loans and a variety of mortgage products designed to meet specific needs. Capital Title Insurance assists sales associates and customers by coordinating the details of the transaction. Insurance One provides complete insurance coverage for associates and customers. Home Services One helps customers coordinate the many details connected with a move, from hiring a moving company to cleaning carpets. The full time professional staff is experienced in Estate">real estate and very knowledgeable in all aspects of relocations assisting more than 3,000 families moving to and from the metro Detroit area each year.
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| The Real (Estate) Deal |
| 2008-02-20 03:52:00 |
The Detroit Investment Fund's Dave Blaskewicz presented an overview of the last six years of development in Greater Downtown – new housing, retail and dining and entertainment venues, not to mention cornerstone changes such as Compuware, Campus Martius and the Detroit RiverWalk.
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| Detroit registered the highest foreclosure rate among the nation's 100 largest metro areas |
| 2008-02-16 12:10:00 |
Detroit registered the highest foreclosure rate among the nation's 100 largest metro areas, with close to 5 percent of its households entering some stage of foreclosure during the year -- 4.8 times the national average and up from about 3 percent in 2006. A total of 72,616 foreclosure filings on 41,273 properties were reported in the Detroit metro area in 2007, up 68 percent from 2006. The other Michigan metro area with a foreclosure rate in the top 20 was Warren-Farmington Hills-Troy at No. 17.With 4.866 percent of its households entering some stage of foreclosure during the year, Stockton, Calif., documented the second highest metro foreclosure rate.
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| Campaign helps developers market inexpensive Detroit properties |
| 2008-02-11 16:55:00 |
he D Brand is about promoting the city's strengths while acknowledging its challenges. Developers and business owners say an application of the brand for urban revitalization works too.Resurrecting a dead property has been a fascination for Avinash Rachmale, CEO of Lakeshore Engineering Services. Rachmale first renovated a warehouse in Highland Park with his own money. He recruited investors and landed government contracts, which enabled him to restore an eight-story, 245,000-square-foot building once owned by Henry Ford's prototype team.
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| Residential real estate market in Detroit |
| 2008-02-05 16:59:00 |
Dave Blaszkiewicz, president of the Detroit Investment Fund, will give a presentation on who's moving to Detroit and what are the residential Estate">real estate opportunities. The $52 million Detroit Investment Fund is a private-capital fund that offers financing for businesses and real estate projects that can stimulate economic development in Detroit.Afterward, a panel of Realtors who sell in Detroit will discuss their experiences and take questions from the audience.
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| People making news |
| 2008-01-28 00:34:00 |
Jerry Moyer of Livonia, a property manager at Broder & Sachse Real Estate Services Inc. in Birmingham, has been elected president of the Institute of Real Estate Management's (IREM) metropolitan Detroit chapter. Moyer has had a 15-year property management career.
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| 2008 may be brutal again for Michigan real estate |
| 2008-01-22 15:15:00 |
Metro Detroit's Estate">real estate market was socked hard last year, marked by the largest drop in home prices since the Reagan administration, the third-consecutive drop in annual home sales, the lowest number of new home permits since at least 1969, and a massive wave of foreclosures that drove thousands from their homes.It likely will be another tough year in 2008. While the downturn in the region's housing market may slow down, there isn't likely to be any noticeable rebound until the second half of the year, at the earliest, analysts say.
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