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Michigan Housing Market News is an EIN News Service for finance industry professionals. Constantly updated news and information about finance.
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Latest Michigan Housing Market News

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  • About 22% of mortgages in region are 'underwater' 25 Nov 2009 05:31 GMT
    ... purchased at the peak of the local housing boom, especially with little or no down payment ... newly purchased or refinanced home. Economists and real estate experts say that owing more on a ... in states such as Nevada, Arizona, Florida, Michigan and California. ...

  • Home-price decline has good side, bad side 25 Nov 2009 02:12 GMT
    ... Home-price decline has good side, bad side Housing » Utah's dip in appreciation helps affordability, hurts ... percent), Arizona (48 percent), Florida (45 percent), Michigan (37 percent) and California (35 percent). The ... president of the Salt Lake Board of Realtors. There are several factors, including Utah's rising ...

  • Commercial property bargains: Domed stadium for price of a middle-class house 25 Nov 2009 05:35 GMT
    ... an 80,000-seat Domed stadium for $583,000? Pontiac, Michigan just sold off Pontiac Stadium which was built ... of job erosion and a very poor real estate market. Some say there is no real ... Pontiac Silverdome sits on 127 acres. The price for the entire complex comes to less ...

  • Report: 5.16% Mobile area homeowners 'upside-down' on mortgage 25 Nov 2009 00:47 GMT
    ... Report: 5.16% Mobile area homeowners 'upside-down' on mortgage MOBILE, Ala. -- In Mobile, 2,678 properties ... properties, according to , which provides national real estate market analyses. The firms' third-quarter negative equity ... percent; Arizona, 48 percent; Florida, 45 percent; Michigan, 37 percent; and California, 35 percent. ...

  • October home sales up 50 percent in Sarasota-Bradenton market 25 Nov 2009 04:30 GMT
    ... north sell, allowing baby boomers to leave Michigan, Illinois, New York and other key states ... other key states that drive this region's real estate industry. "They know they are not getting ... of government intervention. That has helped restore housing affordability in large swaths of the country. The ...

  • News Analysis: U.S. Economy on Long Transition to Recovery 25 Nov 2009 05:31 GMT
    ... co-founder and former co-owner of TA Associates Realty. TA Associates Realty, which has over 30 ... of "The 30 Most Influential Players in Real Estate in the World." The professor's concern was ... used to earn. Manufacturing strongholds such as Michigan, California, Florida, North Carolina, Illinois and Georgia ...

  • Fitch Downgrades ARMSS 2004-1; Assigns Outlooks and LS Ratings 25 Nov 2009 00:12 GMT
    ... Fitch Ratings downgrades all classes of Arbor Realty Mortgage Securities Series 2004-1, Ltd./LLC (ARMSS 2004-1) ... performance expectation incorporates prospective views regarding commercial real estate market value and cash flow declines. A ... 1,028 unit multifamily property located in Ypsilanti, Michigan. Performance has suffered due to poor market ...

  • Fitch Downgrades Citizens Republic Bancorp; Outlook Negative 25 Nov 2009 00:12 GMT
    ... stress in certain portions of the commercial real estate loan portfolio as well as the consumer ... 16, 2009). CRBC is also concentrated in Michigan and Ohio, markets that have experienced some ... some of the most significant stress in housing and commercial real estate prices. Consequently, Fitch believes ...

  • Lawyer for Mich. money manager also in hot water 25 Nov 2009 00:16 GMT
    ... water A lawyer who is representing a Michigan money manager accused of fraud has his ... statements. Authorities say it's related to an investment program. Bartko disclosed the charges Tuesday in ...

  • 11/24 - Lawyer for Mich. money manager also in hot water 25 Nov 2009 01:07 GMT
    ... — A lawyer who is representing a Michigan money manager accused of fraud has his ... statements. Authorities say it's related to an investment program. Bartko disclosed the charges Tuesday in ...

  • Rodriguez's job seems safe -- for now 25 Nov 2009 04:31 GMT
    ... ARBOR, Mich. (AP) - It seems unlikely Michigan will fire Rich Rodriguez after two awful seasons ... that he clearly has clout. The billionaire real estate developer donated $100 million to the ...

  • Asia Mixed; CapitaMalls Up on Debut 25 Nov 2009 05:31 GMT
    ... CapitaMalls Asia, the Asian mall business of property developer CapitaLand, gained 6.1%. The company raised ... lost 2.9% following the report with the real estate subindex down 2.1%. Korean banks were weighing ... from 1.4% previously, while the Reuters/University of Michigan consumer confidence index for November was expected at ...

  • Flanagan announces his transition team 25 Nov 2009 06:34 GMT
    ... at your business and your city, said real estate developer Tony Cordeiro, who called their team ... Ferry, Mark Cordeiro. Marshall, who co-chaired the current master plan steering committee that submitted a ... as far away as California, Florida and Michigan, but who had most of the same ...

  • Seven Big Lies about the Stimulus 25 Nov 2009 04:31 GMT
    ... already receive annually — subsidies for affordable housing, for example — was reclassified this year ... $26,174 grant to repair roofs on five apartment buildings,” according to the Dallas Morning News ... permanent employment. Similarly, around 3,000 “jobs” in Michigan a company that claimed to have created ...

  • Boomerang kids: recession sends more young adults back home 25 Nov 2009 02:30 GMT
    ... from retirees with smaller nest eggs to Michigan factory workers who are unlikely to build ... with borrowed money. Efforts to cure the housing-market woes also work in some ways against ... trying strategies designed to prop up home prices, to bolster the finances of banks and ...


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