Lawmaker Wants Different Property Tax Assessment on Big Box Stores
New legislation being proposed by a Michigan lawmaker would change the way the state would calculate tax obligations for big box stores.
Study: Housing-Related Sectors Soften, Experiential Spending Drives Growth
PURCHASE, N.Y. (Business Wire) — According to Mastercard SpendingPulse, U.S. retail sales excluding automotive increased +11% year-over-year in September. E-commerce sales continue to grow, up +10.7% YOY, highlighting the ongoing demand...
Expert: Housing Slowdown Deepens in June and July; Housing to Drag on GDP
• Existing home sales fell more than expected in June, with the largest decline in the West, where affordability is most stretched. • Home sales continue to fall in July,...
Greektown Casino-Hotel in Detroit to be Renamed
Penn National Gaming, the Greektown Casino-Hotel operator announced on Monday the complete $30 million renovation would be completed soon.
Abandoned Fisher Body Building Would Be Converted to Residential, Retail Under New Plan
Developers would give a facelift, new purpose to long-abandoned Fisher Body Plant No. 21.
Study: Housing Index Shows Renting Beats Buying in Eight Major U.S. Markets
BOCA RATON Fla., Dec. 09, 2021 (GLOBE NEWSWIRE) — As the cost of housing continues to soar, deciding whether to buy a home or rent one is a virtual...
Rocket Mortgage, Salesforce Partner to Provide Mortgage Services
Rocket Mortgage and Salesforce announced a partnership to provide what officials call "transformational" mortgage services.
Economists: Leading Index Slowed, Home Sales Accelerated in September
The Conference Board’s U.S. Leading Economic Index for September increased by a modest 0.2 percent. This was the slowest gain since the index went unchanged last February. The LEI...
Prentice 4M Opens First Ann Arbor Co-Living Development
Two real estate developers have created the first hybrid working/living space in Ann Arbor.
Report: Metro Detroit Office Market Struggling, Should Be Better in 2021
While the pandemic had a negative impact on office space availability in 2020, experts expect a rebound in 2021.
Developers Break Ground on Plan to Turn Detroit’s Transfiguration School into Affordable Housing
The recently announced $7.2 million renovation of the former Transfiguration School in the Banglatown neighborhood that will see the historic building turned into affordable housing has kicked off.
Expert: Tenants, Landlords Should Talk Openly about Shifts in Space Needs Before Issues Occur...
Business owners should prepare before opening an honest, professional conversation with their landlords about space needs.
Annual Housing Outlook Offers Top Real-Estate Trends to Watch in 2021
Despite the ongoing challenges presented by the coronavirus pandemic, Real Estate experts are feeling largely optimistic about housing trends as 2021 begins.
Real Estate Market Trends Show No Slowdown as Low Mortgage Rates and Mild Weather...
Experts say the Southeastern Michigan residential housing market is going strong, with home sales moving forward due to a variety of incentives.
Apartment Rental Rates, Interest Climb as People Continue to Look to Cut Housing Costs
Single-family homes are going gangbusters, according to real estate experts, but apartment rental rates — and the demand for them — are inching up.
Residential, Condo Real Estate Grows Again in October While Hotels Struggle
Homes are selling more quickly and staying on the market for much less time, according to real estate experts. Hotels, they say, are a different story.
Michigan Developers Continue to Break Ground, Revitalize Parks and Build New Residential Projects
The pandemic has slowed, but not stopped, a variety of building and revitalization projects around the state.
Report: Metro Detroit Office, Industrial Spaces Still Seeing More Vacancies Due in Part to...
With so many companies shifting to work-at-home mode, researchers found more and more office and industrial real estate spaces coming open.
Bedrock Unveils Retail, Residential Renovation in Former Freep Building
Detroit-based Bedrock used a media tour Wednesday to unveil the retail and residential renovations it has made in the former Free Press building on W. Lafayette.
Expert: Estate Sales Booming as People Look to Downsize Homes or Move to New...
With people wanting to downsize their homes for various reasons, or moving to a place they can work remotely, the estate-sale business is beginning to boom.
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