By LIZZY ALFS | AnnArbor.com Business Reporter Posted on Sun, Aug 18, 2013 : 5:59 a.m. Following years of sluggish real estate activity across southeast Michigan, David Stollman of Biltmore Development believes the market is right for new home construction in Washtenaw County. “There really hasn’t been any significant developments going in the ground since 2006,” […]
Read MoreAccording to a November 12, 2012 article in the Detroit News, Metro Detroit home sales surged in October, making it the 14th time in the last 16 months they have increased, according to a report released Monday by Farmington Hills-based multiple listing service Realcomp II Ltd. Sales in the four-county region jumped 17 percent last […]
Read MoreFrom Forbes 06.14.2012 — Do glimmers of improvement in one of the country’s most depressed real estate markets suggest something larger – that a long-term economic rebound may be getting underway? Though it’s far too early to make bold predictions about the Motor City – where unemployment topped 14 percent three years ago – you […]
Read MoreOctober 25, 2012 By Bloomberg News Americans bought new homes in September at the fastest pace in two years, another sign the industry whose decline was at the heart of the recession is bouncing back. Sales climbed 5.7 percent to a 389,000 annual pace, the most since April 2010, following a revised 368,000 rate in […]
Read MoreYahoo! Business Insider Homebuilding giant PulteGroup reported Q3 net income of $117 million or $0.30 per share. This was a big improvement from last year’s $0.34 net loss. Analysts were looking for just $0.20 per share. Net new orders jumped 27% to 4,544 homes. In the company’s press release, CED Richard Dugas reiterates his bullishness […]
Read MoreThe Detroit News October 25, 2012 By The Detroit News Metro Detroit experienced a 31 percent decline in foreclosure activity in the July-September period from a year earlier, according to a RealtyTrac report released Thursday. The Detroit area has experience decreases in default notices, sheriff’s auctions and lender repossessions for more than a year. As […]
Read MoreCRAIN’S DETROIT BUSINESS Lansing (AP) – Michigan is reporting a second straight big drop in unemployment, with the rate down 2.1 percentage points in two months. The Michigan Department of Technology, Management it Budget said Thursday that Michigan’s seasonally unadjusted unemployment rate stood at 3.2 percent in September, dawn from 9.2 percent in August and […]
Read MoreBY KAREN DYBIS FOR BLOOMBERG SPECIAL TO THE DETROIT NEWS After years of decline, Metro Detroit’s industrial real-estate market is on the upswing, with once-shuttered warehouses and foreclosed manufacturing spaces filling up again. As a result, landlords report that newer and well-equipped sites are being snapped up in hot spots such as Macomb and southwestern […]
Read MoreBy David Sowerby Crain’s Detroit Business 10/7/12 More evidence is supporting the case that Michigan business conditions are growing faster than the national averages. What is perhaps most encouraging is the argument that the faster growth is not simply a mediocre rebound from the depressed levels of the Great Recession, but rather stems from structural […]
Read MoreSEPTEMBER 17, 2012 BY MICHAEL MARTINEZ THE DETROIT NEWS Metro Detroit home sales increased for the 13th time in the past 14 months in August, showing that the region’s housing recovery remains strong, according to a report released Monday. The four-county region experienced an 11 percent rise in sales last month compared with a year […]
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