Detroit Great Again? It Really Could Be



When I first read the news of commercial real estate company ICONIC Real Estate opening up its headquarters in the Ford Building in downtown Detroit, I checked the date of the release. Then I realized what a golden opportunity for investors Detroit might soon become.

Attention Real Estate Industry Pros: Your Future Is In Jeopardy!



Real estate brokers, agents, home builders and lenders – we’re talking to you!

Detroit Is to Begin an Online Auction for Vacant Homes



Detroit has recently launched a website to auction off the vacant homes forced into foreclosure. It’s part of the city’s continuing efforts to boost home values and fight blighted areas. The website, BuildingDetroit.org was launched this Monday and has 15 listings for properties and auctioning will begin on May 5, with one property being auctioned […]

Detroit gets creative as it attempts to rebuild housing



Detroit is trying to attract new residents, as nonprofit groups begin offering incentives to encourage more people to buy a home in Motor City.

Detroit’s Foreclosures: Will They Revive or Destroy the City?



Detroit has a national reputation as a leader in foreclosures – not a great thing for the real estate market. However, this doesn’t mean the city, or its huge potential market, are dead in the water. That will all depend on who buys these properties, when they buy them, and what gets left behind.

AEI Study Shows How FHA Financing Is Destroying Thousands Of Neighborhoods



According to American Enterprise Institute Fellow, Edward Pinto, the FHA mortgage insurance program is helping to destroy the neighborhoods that FHA is most heavily involved in. A detailed study of FHA lending practices and default rates shows that lower income borrowers and home owners with FHA loans are much more likely to default on their loans.

Market Watch Detroit – You Can’t Keep Motown Down



Detroit, Michigan has a history of firsts. For example, the Packard Motor Car Company, in 1939, made the first air-conditioned car. Appropriate, wouldn’t you say for the town known the world over as “Motor City”? The first zoo in America designed to house animals in open air exhibits, allowing them room to roam was the […]

Detroit Real Estate Tough, But Looking Brighter



Detroit real estate, residential and commercial, may be on its way back according to new reports. Where other city real estate industries have not yet bottomed out apparently, Detroit appears headed back up the profitability ladder. A panel at the University of Michigan School of Business said last week that opportunities are emerging.

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