Detroit Real Estate News
Real Estate news for Detroit, MI continually updated from thousands of sources.
Sunday Jul 19 | via Michigan Radio
You can snap up a home for just a few thousand dollars in Detroit these days. But just because a property is cheap, that doesn't necessarily make it a good investment. Comment?
Monday Jul 20 | via Michigan Radio
Michigan's two largest counties are illegally foreclosing on thousands of properties for delinquent taxes, according to class-action lawsuits filed this month. But in doing so they've denied property owners their due process rights, according to the lawsuits filed in circuit courts for both counties. Comment?
Jun 30, 2015 | via Northern Michigan News
The Detroit News reports the lawsuits filed this month say the foreclosures have reaped millions of dollars for government at the expense of property owners in Detroit and some of its suburbs. The complaints say treasurers in both counties seized properties without providing the former owners with due process, equal protection and just compensation. Comment?
Wednesday Jul 15 | via The Nation
On the morning of July 3, as dozens of people flocked to the center of Detroit to begin a seven-day, 70-mile walk from the Motor City to Flint, Michigan, Mona Stonefish, an indigenous elder with gray-streaked hair, blessed the group with the Anishinaabe water song. "If there's no water, our children will not survive," Stonefish said before breaking into song, keeping the beat by shaking a gum container filled with coins. Comment?
Monday Jul 13 | via Inman Real Estate News
Home prices have risen dramatically over the past five years - up as much as 49 percent in Los Angeles County, California, 46 percent in Maricopa County, Arizona , and 43 percent in Clark County, Nevada , and Wayne County, Michigan . Median home prices in Los Angeles County along with Cook County, Illinois , King County, Washington , and Kings County, New York , are now higher than they were 10 years ago. Comment?
Friday Jul 31 | via The New Zealand Herald
" As drivers, shippers and airlines continue to enjoy lower fuel prices, the oil industry is responding to much lower profits with sharp cuts in spending and employment that are hurting economic growth. Low oil and gas prices are good for the overall economy because they reduce costs for consumers and business. Comment?
Tuesday Jul 21 | via MLive.com
Realtor Cathy Hoppough says she could sell houses all day long during the first six months of the year - provided she could find the houses to sell. "It's a great market, I can't work enough hours in the day," says Hoppough, president of the Grand Rapids Association of Realtors . Comment?
Friday Jul 17 | via National Public Radio
In Detroit, you can snap up a home for just a few thousand dollars these days. But just because a property is cheap, that doesn't necessarily make it a good investment. Comment?
Friday Jul 17 | via Business Journal
The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of American City Business Journals. KeyBank thinks it's safe to get back in the water of the housing market . Comment?
Saturday Jul 11 | via Grand Haven Tribune
An unusual experience will brought a whole new meaning to "the sky's the limit" to local people with disabilities. They had the chance to float more than 100 feet in the atmosphere in a tethered hot air balloon as part of the annual National Cherry Festival in Traverse City on Friday. Comment?
3 min ago | via GlobeNewswire
Atrium Mortgage Investment Corporation is pleased to announce that its board of directors has declared a dividend for the month of August 2015 of $0.07 per common share, to be paid September 14, 2015 to shareholders of record August 31, 2015. Atrium pays monthly dividends currently at an annual rate of $0.84 per share, plus a special dividend to shareholders of record at year-end to top-up the total dividends so that they equal its earnings in the year. Comment?
15 min ago | via Wall Street Journal
Mortgage-finance company Freddie Mac will send the U.S. Treasury $3.9 billion in September after posting a sharp increase in second-quarter profits. The company said net income rose to $4.17 billion from $1.36 billion in the prior-year period. Comment?
11 min ago | via The Big Lead
This week in court, his lawyers filed 56 pages of financial information according to the Wall Street Journal . The breakdown of 50 Cent's financial troubles is mind-blowing. Comment?
14 min ago | via Lethbridge Herald
Mortgage giant Freddie Mac reported net income of $4.2 billion for the second quarter, up sharply from the same period of 2014, as it increased its purchases of home loans and sold off greater volumes of riskier mortgages. The April-through-June results posted Tuesday marked the government-controlled company's 15th straight profitable quarter. Comment?
15 min ago | via SBWire
Synopsis The report provides insights into premium credit cards offered to mass affluent customers in key markets. Comment?
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