By:Matthew Smith at WXYZ The hottest zip codes list has been released by Realtor.com and once again, a Michigan city makes the top-10. Kensington, on the west side of the state, received the top overall rate. That said, metro Detroit has it’s own areas that are starting to heat up and inch … Continued
By: Annalise Frank at Crains Detroit Home prices continue to rise in metro Detroit, but real estate agents aren’t seeing as many of the steep, less stable increases that had made some warry in previous months. The region’s median sale price for houses and condos in August rose 8 … Continued
By: Daniel Bukszpanat CNBC Micahel S. Williamson | The Washington Post | Getty Images There are many large homes in the Indian Village section of Detroit that are far more affordable than they would be in the major hot spots of the United States. The Detroit housing market faces changes as it tries to recover. … Continued
By: Louise Bolger at Amisun It’s true that real estate transactions go more smoothly when homebuyers are paying with all cash. Closing times are shorter, and there is less stress for both buyers and sellers waiting for the inevitable shoe to drop. Loan applications take longer than expected, … Continued
Are you still having trouble selling your home? Do you need cash FAST? Well allow JBD to assist. We offer instant cash solutions to overcome your hardships. We understand the difficulty of selling your home and the stress it may cause you. Facing foreclosures? Covered in bills? Inherited an unwanted property? no … Continued
By: Kim Russel at WXYZ Detroit Real Estate experts at the national level are asking the question: Is the Detroit Housing market on the brink of a crisis? According to Forbes Magazine, the number of homes underwater in the city of Detroit has increased 1.6 percent over the last … Continued
By: Lydia DePilis at CNN Money There’s a reason why Lee County became the foreclosure capital of the United States. Its two vast bedroom communities, Lehigh Acres and Cape Coral, were planned in the 1950s. Master developers drained the marshlands, laid the streets, dug canals, and plotted out quarter-acre lots so … Continued
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From: CBS Detroit Detroit has been ranked as the worst real estate market in the nation in a new WalletHub study. With home values rising by an average of more than $16,000 in the first quarter of 2018 but affordability dropping as mortgage rates get higher, the personal-finance website WalletHub released its report on … Continued
By: Richard Feloni and Samantha Lee at Business Insider Gilbert moved Quicken Loans, now the largest mortgage company in America, to downtown Detroit in 2010. It was a time when the city was struggling, and was three years shy of declaring bankruptcy. Gilbert grew up right outside of Detroit … Continued
By: Steven Sigel at ReJournals On June 18, hundreds gathered around the Michigan Central Depot, Detroit’s 500,000-square-foot decrepit former central train station. The building has served as a symbol of the city’s various ailments wrapped up in one gigantic piece of real estate: globalization, lack of opportunities, civic mismanagement. Yet, this time the … Continued
You’re trying to sell a Detroit MI house that just won’t sell? And yet – the news says the real estate market is heating up. The media is practically shouting again about multiple offers, high demand, and record-setting prices. So where’s your contract? These tips could be just what you need to help you sell your Detroit … Continued
By: Annalise Frank at Crains Detroit The new owner of a land parcel near Michigan Central Station in Detroit’s Corktown neighborhood plans to build apartments and rehab existing homes. Andrus McDonald of Detroit-based outdoor advertising firm Brooklyn Outdoor sold the land to Patrick Beal, CEO of Detroit Training Center, according to a news release from … Continued
By Robin Runyan at Curbed Detroit To say that the real estate market in Detroit is complicated is a vast understatement. Like the city itself, there are layers upon layers of complexities that might not be so obvious to the average home-buyer. Detroit has a very low percentage of homes bought with mortgages. although that … Continued
By: Annalise Frank at Crains Detroit Some real estate market watchers are looking for clues on the next downturn and some are celebrating as home prices continue to rise on shrinking inventory in metro Detroit. July sales of homes and condominiums in the region are up 6.8 percent over the same month last year, according … Continued