By Laura Berman, The Detroit News Is Bloomfield Park, Oakland County’s spectacular urban ruin, about to be reclaimed? Oakland County Executive L. Brooks Patterson says a deal is in the works to transfer the 90-acre property from bank foreclosure into the hands of a private developer. In an interview a few hours before he was [...]

By, Pure Michigan Motorists will soon be able to show their Pure Michigan pride every time they take a ride! From the top of the Mackinac Bridge this morning, Secretary of State Ruth Johnson unveiled two new Michigan license plates: a colorful Mackinac Bridge plate and the Pure Michigan plate, which will eventually replace the [...]

The kitchen and bathroom are at the top of most home remodeling project lists. But homeowners intent on remodeling should also consider investing in the exterior of their homes—maybe even start there. That’s the advice of Sarah Susanka, one of the nation’s leading voices for redefining the American home, and author of the Not So [...]

July pending sales jumped up from June’s pace, proving once again that our recovery is moving in the right direction but not in a straight line.  Some months are moving up quickly, others just a bit, but so far, always up!  The overall Months Supply of Inventory (MSI) for Southeast Michigan hit a five-year low [...]

By Michael Martinez, Detroit News Home sales in Metro Detroit rose 11.2 percent in July, compared to the same month last year, Realcomp II Ltd., a Farmington Hills real estate information company, said Monday morning. The four-county region’s lower housing inventory also pushed median prices higher, up 12.2 percent, Realcomp said. Realcomp said 5,075 homes [...]

By Michael Martinez, Detroit News Metro Detroiters are showing a growing appetite for homes above $100,000, and they’re able to buy houses that may have been out of their price range before the real estate swoon. Sales of homes and condominiums for $100,000 and above — almost 40 percent of the market in Livingston, Macomb, [...]

By Walter Molony, National Association of Realtors Great news for homeowners and sellers. Median existing single-family home prices are rising in more metropolitan areas, but a lack of inventory – notably in lower price ranges – is limiting buyer choices in an increasing number of markets around the country, according to the latest quarterly report [...]

By Alan Farnham, ABC News Until a year ago, Bill McMachen, 71, had never bought or sold a foreclosed home. Then in 2011 he bought one for $12,000 and flipped it a week later for $18,000. “That went pretty good,” he says. “So I said to my wife, ‘I think I’ll buy them all.’” He [...]

While most of the real estate transaction process is fairly straight forward, many homebuyers are often concerned about the actual closing process. When a buyer and seller agree to a real estate contract, a closing date will be scheduled and a title company will be assigned to manage the paperwork. It is during this closing [...]