Louis Aguilar The Detroit News Published 11:11 PM EDT Mar 14, 2019 Detroit — Real estate prices shifted into overdrive in historic Corktown and surrounding neighborhoods as soon as news leaked that Ford Motor Co. wanted to buy the long-dead Michigan Central Depot. And they show no sign of slowing a year later, according to public property records. Next week — March 19 to be exact — marks the one-year anniversary of the first media reports that the Dearborn automaker was in talks to buy the former train station, empty since 1988, along with multiple other Corktown properties totaling 1.2 million square feet. Ford's aim is use the city's oldest neighborhood as the hub for development of mobility, autonomy and electrification technologies expected to radically alter the auto industry. By the time Ford officially bought the train station in June for $90 million and announced plans for … [Read more...] about Residential real estate prices in Corktown area are up 14% in past year
Real estate foreclosures
By Rebecca Hennes Updated 8:06 am CST, Wednesday, January 30, 2019 This $9.75 million River Oaks estate slated for foreclosure looks like a miniature version of the Daddy Warbucks' mansion from "Annie." The property boasts an indoor heated swimming pool surrounded by bronze columns, Tiffany-style glass stained dome ceilings, sauna, wine cellar, marble flooring and a second story terrace that envelops the property. less This $9.75 million River Oaks estate slated for foreclosure looks like a miniature version of the Daddy Warbucks' mansion from "Annie." The property boasts an indoor heated swimming pool surrounded by bronze ... more Photo: HAR/Claudia Fathivand/Nan And Company Properties Christie's International Real Estate Photo: HAR/Claudia Fathivand/Nan And Company Properties Christie's … [Read more...] about $9.75M River Oaks luxury estate foreclosure is a miniature Daddy Warbucks mansion
SECTIONS Search E-edition Customer Service Advertise Newsletters News News Local Crime Databases Education Election Politics Nation/World Special Reports Carolina College Bound Corrections Columnists Retro Charlotte Your Schools All Blogs & Columns Sports Sports Carolina Panthers Charlotte Hornets That's Racin' High Schools College Sports Charlotte Knights/MLB Other Sports Blogs & Columnists Inside the Panthers Inside the NBA Prep Insiders Scott Fowler Tom Sorensen All Blogs & Columns Politics Politics Elections The North Carolina Influencer Series RNC 2020 Business Business Banking Stocks Center Top Workplaces National Business What's in Store Development All Blogs & Columns Living Living Religion Food & Drink Health & Family Home & Garden CLT … [Read more...] about White House official Mulvaney played role in disputed SC real estate foreclosure
In the mid-2000s, the real estate market seemed too good to be true. Historically low interest rates encouraged buyers to borrow money for their dream homes, as well as speculate on property by buying investment houses on the presumption prices would keep rising.Homeownership rates in the U.S. reached an all-time high in 2004, at almost 70 percent. That year alone, some states like California, Florida and Nevada saw house prices rise by more than 20 percent. “The worldwide rise in house prices is the biggest bubble in history,” warned The Economist in 2005, “Prepare for the economic pain when it pops.”And pop it did. Alarmed by spiraling property prices, the Federal Reserve hiked rates back up, which left many borrowers in the lurch. By 2005, the property market was beginning to wobble, thanks to increased foreclosures and falling prices. In 2007, over 1.2 million foreclosures were filed, up 42 percent from 2005.That was when the housing crisis became headline … [Read more...] about Which States Have Seen House Prices Rise Since the Real Estate Bubble Burst?
By R.A. Schuetz Published 8:41 am CDT, Tuesday, September 25, 2018 Mike Rutherford talks to a potential customer during a foreclosed property auction at the Bayou City Event Center on Dec. 5, 2017, in Houston. ( Brett Coomer / Houston Chronicle ) Mike Rutherford talks to a potential customer during a foreclosed property auction at the Bayou City Event Center on Dec. 5, 2017, in Houston. ( Brett Coomer / Houston Chronicle ) Photo: Brett Coomer, Staff 1708 River Oaks Blvd. $9.75 million 15,000 square feet 1708 River Oaks Blvd. $9.75 million 15,000 square feet Photo: Nan And Company Properties/Christie's International Real Estate 1708 River Oaks Blvd. $9.75 million 15,000 square feet 1708 River Oaks Blvd. $9.75 million 15,000 square feet Photo: Nan And Company Properties/Christie's … [Read more...] about Houston named one of America’s most profitable foreclosure markets