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Everyone Is Not Happy About Your Success…Three Reasons Why

We all seek SUCCESS whether openly or secretly. But there is one thing most of us are not ready for when it comes. THE BACKLASH! When you finally get the job you’ve trained for, the house you dreamed of, and/or the relationship you attracted…You Can Bet That Everyone Will Not Be Happy For You. Some will hate you and speak evil of you, others will even go so far as to praise you one week... [Read more]

More Good News For Metro Detroit Property Investors

The real estate market in the metropolitan Detroit area is the worst in the nation! According to a report from California-based data company Clear Capital, Detroit was the worst-performing metro with a 10.7 percent decline from last quarter and 19.6 percent rise in prices from last year. Nearly 50 percent of the sales were homes taken back by lenders. What does all of this mean for investors? It means... [Read more]

Why You Should Be Investing In Detroit Real Estate!

Detroit investment property choices are larger than ever before. You can choose from many different types of property. The initial investment costs are very minimal. Due to the condition of the housing market in the Detroit area, there is opportunity to build a significant nest egg, even if you are not a professional investor. You must be willing to learn about the ins and outs of your Detroit investment... [Read more]

Could it be so…Detroit – The Sam’s Club of cities?

In a fine example of turning lemons into lemonade, Detroit — once the poster city for high labor, tax and operating costs — is getting noticed as a low-cost place to do business. “Detroit is now competitive with many of the offshore locations,” says Timothy Bryan, chairman of Galaxe Solutions, a New Jersey software firm that plans to bring 500 jobs to the 1001 Woodward Building... [Read more]

Detroit – A place of opportunity and creativity

Surely, we are all familiar with Detroit’s economic problems and urban decay – it has been the butt of jokes for generations and after the onslaught of this most recent recession, the images and stories of just how it is in one of America’s former industrial powerhouses have been nothing short of astonishing. With an unemployment rate in Michigan at about 15% – 5% above the national average... [Read more]

Detroit area’s home prices stay below 2000 levels

Home prices in the metro area are 28% below what they were in 2000, according to the S&P/Case-Shiller Home Price Indices. The two markets that have held up the best since the housing crisis began? Washington, D.C., and New York. These markets are still 70% above their January 2000 levels. read more here ..  Read More →

90% of Last Year’s Distressed Commercial Real Estate Still Unresolved

According to data released this week by Real Capital Analytics (RCA), $36.9 billion dollars worth of last year’s distressed commercial real estate is still in an unresolved status or being held by the lender. These numbers do not include new commercial real estate that could be considered distressed, but only commercial properties “for which sufficient time has passed for lenders and borrowers... [Read more]

Detroit’s Future Landscape

There’s a lot of talk about the reshaping of the city of Detroit.  Mayor Bing has mentioned several times the city needs to be shrunk and so have many other community leaders and experts. Urban farms are all the buzz and starting to take shape.  There’s some serious talk going on about copying Flint, Michigan’s land bank concept to expedite the re-landscaping of the city. What will the... [Read more]

Detroit is really trying to turn things around…

In a sweeping 5-year, $1-billion plan, 41 school buildings and 1 support building are slated for closure in June, with another 13 to be closed by 2012. DPS officials based this redesign in part on Detroit’s changing neighborhoods, comparing areas of growth to areas of abandonment. Here is a look at how those buildings fit onto a map of Detroit’s most vacant areas.  Read More →

Detroit is starting to clean up its act

Detroit –A private foundation has enlisted, and subsidized, a noted urban planner to help downsize Detroit. The announcement underscores the influence of private foundations in Mayor Dave Bing’s downsizing initiative. Foundations, including Kresge, helped fund Data Driven Detroit’s block-by-block study of vacancies and housing conditions that could serve as a blueprint for neighborhood... [Read more]

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