Entries by Dave Nykanen

Michigan Real Estate News Headlines – May 24, 2021

National Is housing market demand starting to weaken? Evictions “They going to show up and kick me out”: Millions face eviction when moratorium ends Detroit These are the cheapest and most expensive areas to buy a home in Michigan Nonprofits team up for 61-unit Islandview apartment development HGTV star Nicole Curtis wins fight with Detroit’s […]

Weekly Brief – May 17, 2021

The scorching hot residential market is once again the prevailing topic of the mainstream press. And reports of MLS sales confirm that the market remains scorching hot. There has been an onslaught of news about the market since April 1: West Michigan Real Estate Boom Predicted to Continue Michigan Realtors Shocked & Awed By Housing […]

Michigan Real Estate News Headlines – May 17, 2021

National Investors Bet on Commercial Real Estate, Undeterred by Empty Offices and Hotel Rooms Biden’s tax proposal ‘very concerning’ for commercial real estate: Marcus & Millichap CEO How to Navigate a Hot Housing Market Evictions CDC Eviction Moratorium Expires Next Month, Help Available Now Foreclosure One-third of people who delayed mortgage payments during COVID-19 used […]

Weekly Brief – May 10, 2021

Real estate investors and developers are inherently optimistic. Most of the time, that is a positive trait in a developer. However, when storm clouds are on the horizon, that same optimism can be a fatal flaw. Two data points that were reported this week may be storm clouds on the horizon for the United States […]

Michigan Real Estate News Headlines – May 10, 2021

National Electric car-charging business doing everything but making money Evictions Federal judge vacates CDC’s nationwide eviction moratorium Millions of renters brace for a post-pandemic ax The battle for 1042 Cutler Street Detroit Wayne County gets postponement of some foreclosures in 2021 Judge halts foreclosures of Wayne County’s occupied properties Apple, Michigan State developer academy appears […]

Weekly Brief – May 3, 2021

Although I could easily write about the ongoing themes of the red-hot residential market, the cratering retail sector, the hot industrial market, or the enigma that is the office market, this week the focus is on the future of the residential market. The unknowns in the residential market are whether the trend to bigger homes […]

Michigan Real Estate News Headlines – May 3, 2021

National “We’re Suffering”: How Remote Work Is Killing Manhattan’s Storefronts Commercial real estate could look different post-pandemic Multifamily developments reflect trend of younger generations renting longer Insurance Costs Threaten Florida Real-Estate Boom Evictions 30 second trials. Judges muting tenants. The problems with virtual evictions Detroit Riverfront complex one of many where receivership looms Lumber shortage […]

Michigan Real Estate News Headlines – April 26, 2021

National The Good News About the Insane Real Estate Market Developers Flock to Cold Storage as Americans Stock Their Freezers GM reveals plans for employees, offices post-COVID-19 If You Care About Social Justice You Have to Care About Zoning Detroit Real Estate Insider: With city’s teeth bared, Ilitches meeting Hotel Eddystone redevelopment deadlines GM reveals […]

Weekly Brief – April 19, 2021

The mainstream press is catching on to the inventory issue in the residential real estate market in a big way. In some respects, this has become a self-fulfilling prophecy. At the beginning of the pandemic, the lack of inventory was attributed to sellers’ reluctance to list homes because they (depending on the source) were concerned […]