The recent housing market news shows that construction spending is up, and lending should shortly follow—a good sign for potential home buyers. According to the U.S. Census Bureau of the Department of Commerce, residential construction spending rose 0.8 percent above the revised November estimate, to a seasonally adjusted annual rate of $241.2 billion—4.3 percent above [...]

Detroit Symphony Orchestra: Click Here to Buy Tickets May 12, 2012 Concert To Raise $1 million in a one-night-only event to help save the DSO. Detroit (February 27, 2012) — On Saturday, May 12, 2012, at 8 p.m., the unprecedented pairing of Kid Rock, Leonard Slatkin – “America’s Music Director” – and the men and [...]

The National Association of Realtors just released their Pending Home Sales index for January, which is a stronger leading indicator (by about 3-5 months) than the Case-Shiller or NAR homes sales indexes, since it tracks contracts written vs. closings. For the country, the seasonally adjusted index, is the highest it has been since the tax [...]

The Detroit Free Press The taste tests are in, and “Pure Michigan Caramel Apple” has been selected as the official state park ice cream. The Michigan Department of Natural Resources says the winner was selected Tuesday in Livonia. The flavor idea came from Dawn Dummer of Houghton Lake. She says she submitted it because she’s [...]

National Association of Realtors WASHINGTON (February 22, 2012) – Existing-home sales rose in January, marking three gains in the past four months, while inventories continued to improve, according to the National Association of Realtors. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 4.3 percent to a seasonally adjusted annual [...]

January continued to show positive growth signs with pending sales jumping compared to last January. Values per square foot also moved up in most price categories, with even the upper end showing positive movement. The Months Supply of Inventory dropped quite a bit even with a slight increase in new listings as pending sales rose [...]

By Alisa Priddle, Detroit Free Press General Motors made a record $7.6 billion in 2011, driven by a $7.2-billion profit in North America that ensures its highest profit-sharing payments of $7,000 each to its UAW workers. Overall, GM’s 2011 profit rose from last year’s $4.7 billion and broke the previous record annual profit of $6.7 [...]

By John Gallagher, Detroit Free Press House sales and median sale prices in southeast Michigan rose in January compared to a year ago, further signaling that the regional economy might be climbing out of its deep recessionary hole. Realcomp II Ltc., a Farmington Hills-based real estate service, reported today that home sales in the metro [...]

By Greta Guest, Detroit Free Press Metro Detroit’s housing market made the list of improving markets for the first time in February, a national home builders group said Monday. The National Association of Home Builders also included Ann Arbor, Grand Rapids, Lansing, Muskegon and Monroe on the list, which is based on single-family housing permit [...]

By WXYZ Channel 7 Most people realize their credit report will dictate whether they get a loan  for anything from a car to a house, and if so, what kind of interest rate  they’ll pay on that loan. But now, a new kind of credit report, called  CoreScore, contains information that digs deeper than ever [...]