Detroit Real Estate News
Wednesday May 13 | via IPS
Nina Bailey has wanted to buy a home in her adopted city of Detroit for years. Instead, like tens of thousands of other Detroiters, she rents an apartment, where she lives with her two children. Comment?
Wednesday May 13 | via Metro Times
On the heels of a deadline for residents with past-due property tax bills to avoid foreclosure, more than a dozen groups, including the American Civil Liberties Union of Michigan , pressed for Wayne County to implement a moratorium on foreclosures. The county treasurer Tuesday opted instead to extend the deadline until June 8 for homeowners hoping to keep their properties out of the tax foreclosure auction this fall. Comment?
Tuesday May 12 | via Michigan Radio
The American Civil Liberties Union of Michigan is one of several organizations calling on Wayne County to halt tax foreclosures for thousands of properties. This comes the same day the Wayne County Treasurer's Office announced a second deadline extension for residents to avoid losing their homes. 1 comment
Wednesday Apr 29 | via Gawker
Jerome Robinson only got to live in the home of his dreams for five years before he was told to leave. The 72-year-old had spent his life doing his small part turning Detroit into an economic powerhouse: Working the assembly line and spot welding cars for Chrysler and Ford. Comment?
Tuesday Apr 28 | via WXYZ
A vacant church and school has turned into a neighborhood nuisance. Nearby neighbors are tired of dealing with the eyesore and want the owner to address the dangerous structure. Comment?
Monday May 18 | via Zillow Blog
Walter Atkins is the son-in-law of the person who won this home for $52,100 at auction and is fixing it up. For decades, people have fretted over the blight caused by the hemorrhaging of jobs from a town that was once the toast of U.S. industrialism. Comment?
Wednesday | via C & G Newspapers
"Go through your closets, basement and storage areas, and if you haven't found a home, rent a storage unit for those stored items, if you can afford it," said Realtor Randy Gates, of Keller Williams Lakeside Realty. For example, if it's summer, store the winter items and vice versa. Comment?
Thursday May 7 | via LA Independent
Michigan state lawmakers are urging citizens to petition other state lawmakers to decide on legislation designed to protect LGBTQ people from discrimination. Mlive.com reports that Democratic lawmakers in Lansing are appealing directly to their constituents in order to put an anti-discrimination bill to a vote. Comment?
Saturday May 2 | via Battle Creek Enquirer
Report: Michiganders missing out on loan modification program Treasury told to do more to inform homeowners in the 10 most underserved states Check out this story on battlecreekenquirer.com: http://bcene.ws/1GQzbmM Neighborhoods Inc. helps local residents avoid foreclosure through the Home Affordable Modification Program. Only Oklahoma and North Dakota have been more underserved than Michigan by the program, a new report shows. Comment?
Tuesday Apr 28 | via Mortgage News Daily
While CoreLogic says February is typically a month in which distressed sales post a seasonal decline, real-estate owned and short sales this past February were the lowest for that month since 2008 . Combined they accounted for 13.5 percent of total sales, down 0.8 of a point from January and a 3 percentage point drop from February 2014. Comment?
6 min ago | via PennLive.com
In photo from left to right are Barbara Schmidt, senior vice president and general manager of Coldwell Banker Residential Brokerage in Central Pennsylvania; Ann Marie Haggerty, an office manager at Coldwell Banker Residential Brokerage; Quentin Miller, president of Coldwell Banker Residential Brokerage in Central Pennsylvania and Ryan Hess, vice president of Coldwell Banker Residential Brokerage in Central Pennsylvania. Less than a mile separated two real estate offices on Linglestown Road in Lower Paxton Twp. Comment?
6 min ago | via Common Dreams
The Justice Department's latest settlement with felonious big banks was announced this week, but the repercussions were limited to a few headlines and some scattered protestations. That's not enough. Comment?
7 min ago | via Live Charts
The yield on 10-year US Treasury notes retreated by six basis points to 2.19% on Thursday, with that on the thirty-year long bond coming off by a similar amount to hit 2.99% by the close of trading. That came as the latest figures from the the Department of Commerce revealed a 3.3% month-on-month drop in existing home sales for April to reach an annualised rate of 5.04m . Comment?
8 min ago | via Reuters
In an apartment block in central Madrid, homeowners and tenants in danger of being evicted gather every Thursday to plan awareness campaigns and get free advice from lawyers. 'The Mortgage Victims' Association', or PAH - its initials in Spanish, has stopped hundreds of evictions and is one of many grassroots campaigns to rise from Spain's brutal six-year economic downturn in a popular revival of political involvement. Comment?
9 min ago | via Vancouver Courier
Plunging mortgage rates, a tight inventory and parents willing to bankroll their kids are all factors pushing Vancouver new condominium sales and prices into record territory this spring. A study prepared by Urban Analytics Inc. for the Urban Development Institute Pacific Region, to be released this week, shows that inventory levels of new condominiums are dropping while fewer new ones are being built. Comment?
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