Forbes on Detroit
Forbes noting the potential of Detroit property market http://www.forbes.com/sites/realtorcom/2012/06/14/detroit-real-estate-comeback-kid/
Read MoreLikely Property Market bottom
A very interesting piece of news from Fiserv regarding the likely bottom in the US property market http://pymnts.com/news/businesswire-feed/2012/august/06/fiserv-case-shiller-home-price-insights-after-six-years-of-decline-us-home-prices-find-their-footing-20120806005354/
Read MoreBig Three to Hire 33,000 by 2015
Detroit’s Big Three automakers are about to embark on a hiring binge, according to a report from the Center for Automotive Research. The center predicts that Ford, General Motors and Chrysler will add about 33,000 jobs in Michigan between now and 2015. Of those jobs, 12,000 will be salaried workers. The center also said suppliers [...]
Read MoreTony Goldman interested in Detroit properties
The Detroit News published today the welcome news that Real Estate Mogul and Property Investor Tony Goldman is about to begin purchasing in Detroit in a big way. “I make a critical mass statement,” Tony Goldman said in a telephone interview Tuesday from Miami. “I’m a neighborhood builder, and an investment in one building is [...]
Read MoreMichigan’s Economic Recovery
Michigan’s Economic Recovery is the Second Fastest in the Entire Nation According to Bloomberg the state of Michigan, home to Detroit, is recovering at the second fastest pace in the U.S. The home of the Big Three automakers is being boosted by the car makers revival. Once again we see favourable news and research supporting the basis for [...]
Read MoreDetroit Showing Property Price Increases
The recent S&P Cash Shiller index showed that Detroit was one on only 2 metro areas out of the top 20 to show home value increases. Detroit posted a year on year gain for August and Month on Month of 2.8 % (July) These increases can be attributed to the up turn in the automotive [...]
Read MoreDetroit Occupancy Rates Looking Good
Detroit Expected To Lead Nation in Hotel Occupancy Rate Growth The recent report by TravelClick.com has predicted Detroit to lead the nation in travel growth based on occupancy rates over the next 12 months. The projection is that Motown and surrounding regions will see a 22 percent increase in occupancy rates between now and Sepember [...]
Read MoreProperty Markets: The Most Undervalued ?
When trying to position yourself in the most opportune way during a financial crisis, it is wise to try to understand which markets still have more correction to go and which ones which have overdone it to the downside. Picking bottoms and tops before hand is a fruitless task however it is my opinion that [...]
Read More
