As the residential market starts to settle back into a normal pattern, buyers are focusing on amenities that made homes appealing prior to the pandemic. However, given the impact of the pandemic and the lockdown, some of these features are receiving extra attention. Buyers are now favoring more than ever outdoor amenities. Lakefront homes, golf […]
As the summer residential sales season starts to wind down, we are finally starting to see some signs that the inventory logjam is starting to break. Home sales volumes are dipping, which is an indication that we may start to see a correction between the imbalance of buyers and sellers. Also, as the COVID-19 pandemic […]
National Investors compete with homebuyers in tight market Detroit U of D Jesuit High School expects to complete campus expansion by fall Real Estate Insider: Words you don’t hear together often: New Eastern Market office space planned Stephen Ross, The Platform plan new housing in District Detroit area Former Woodward Academy heads to auction with […]
While fathers around the United States celebrated Father’s Day yesterday, I celebrated as well with my family. My weekly brief will return next week!
Prior to the COVID-19 pandemic, numerous coworking spaces were opening or planned in Detroit. While the growth appears to have slowed post-pandemic, and several locations have permanently closed, there are still new coworking locations planned in Detroit. There are currently about a dozen coworking sites open in the city, with a few more planned in […]
While the real estate market was booming in Detroit prior to the COVID-19 pandemic, the comeback has been somewhat slower post-pandemic. This is largely due to the reliance on the downtown and Midtown development’s reliance on a singular force: Quicken/Rocket employees. As the return-to-work process has been adopting a more hybrid approach and has been […]
Last week I discussed how the pre-pandemic disputes over short-term rentals are bubbling up again. The other land-use issue that I expect will come front and center as we return to some semblance of normalcy post-pandemic is cannabis-related property. Communities are starting to see large-scale and capital-intensive cannabis development. The property taxes from these developments […]
Now that the economy is slowly progressing back to normal, the issues facing real estate are also slowly getting back to normal. This week we saw reports that one of the pre-pandemic greatest hits is returning back to the forefront. The Republican-controlled state legislature is moving forward on a bill that would ban local restrictions […]
National The Curious World of NFT Real Estate and Design Foreclosures Zombie-Property Numbers Are Rising Detroit Michigan may nix local laws banning short-term rentals. Is this a boon or slippery slope? 4-story Brush Park town house in Detroit has 2 private spaces on roof Detroit awarded $30 million HUD grant to improve Corktown housing, neighborhood […]
As we begin to see signs that the COVID-19 pandemic is starting to wane, at least in the United States, the rubber is about to meet the road on two important issues facing real estate. First, as the eviction and foreclosure moratoria start to be lifted, we will see whether the government’s efforts to avoid […]
