Investing

Governor Granholm Highlights Benefits of Home Weatherization Program for Michigan

LANSING, MI - December 16, 2009 - (RealEstateRama) — Governor Jennifer M. Granholm today highlighted benefits of the state’s Weatherization Assistance Program (WAP) in helping to reduce energy costs and improve energy efficiency in the homes of low-income families throughout the state. Michigan received more than $243 million from the American Recovery and Reinvestment Act (Recovery Act), which will fund weatherization projects in more than 30,000 homes over the next three years.

Cox Files Charges in Massive Detroit-Area Real Estate Ponzi Scheme

LANSING, MI - December 4, 2009 - (RealEstateRama) — Attorney General Mike Cox today announced the early morning arrest of a Grosse Ile woman accused of defrauding dozens of people in a massive real-estate Ponzi scheme. Rita Gosselin, 58, is charged with racketeering and multiple counts of obtaining money under false pretenses for orchestrating numerous fraudulent real estate investments and stealing hundreds of thousands of dollars from Michigan families

Choosing A Real Estate Agent

There’s a common saying in the real estate industry regarding the vast number of agents in the business: “If you don’t have any friends who are agents, then you probably don’t have any friends at all.“With so many agents out there, how can you make an intelligent decision? Do you choose a friend, neighbor or […]

Agree Realty Corporation Announces Value Added Redevelopment Project

FARMINGTON HILLS, Mich., Jan. 16 /PRNewswire-FirstCall/ — Agree Realty Corporation (NYSE: ADC) announced today that it would partially redevelop Rapids Plaza, a community shopping center located in Big Rapids, Michigan.

Sun Communities Affirms 2007 FFO Guidance

SOUTHFIELD, Mich., Dec. 19 /PRNewswire-FirstCall/ — Sun Communities, Inc. (NYSE: SUI), a real estate investment trust (REIT) that owns and operates manufactured housing communities, today made the following announcement.

Mid-Michigan housing market still in decline

Some realtors have double the numbers of homes over last year.
One realtor said she has about double the homes for sale now than she did three years ago. Just drive through the Walnut Creek subdivision in Flint Township. It’s one of many where you can see sign after sign advertising homes up for grabs.

National buyers heat up local industrial real estate

Investors holding on to industrial real estate are seeing opportunities to cash out as selling prices have been on the rise since the second quarter of 2006.