Monday, January 28, 2008
People making news
Jerry Moyer of Livonia, a property manager at Broder & Sachse Real Estate Services Inc. in Birmingham, has been elected president of the Institute of Real Estate Management's (IREM) metropolitan Detroit chapter. Moyer has had a 15-year property management career.
Tuesday, January 22, 2008
2008 may be brutal again for Michigan real estate
Metro Detroit's real estate market was socked hard last year, marked by the largest drop in home prices since the Reagan administration, the third-consecutive drop in annual home sales, the lowest number of new home permits since at least 1969, and a massive wave of foreclosures that drove thousands from their homes.
It likely will be another tough year in 2008. While the downturn in the region's housing market may slow down, there isn't likely to be any noticeable rebound until the second half of the year, at the earliest, analysts say.
It likely will be another tough year in 2008. While the downturn in the region's housing market may slow down, there isn't likely to be any noticeable rebound until the second half of the year, at the earliest, analysts say.
Monday, January 21, 2008
Conference speakers: Detroit real estate market has hit bottom
The Detroit real estate market has hit bottom and is expected to improve during the next couple of years.
That was the message from speakers at a Thursday forecast conference in Southfield.
“The bottom line — we have bottomed out,” said Larry Emmons, regional director in the Southfield office of First Industrial Realty Trust. “In 2008, 2009 and on to 2012, we’ll return to growth, but slow growth.”
That was the message from speakers at a Thursday forecast conference in Southfield.
“The bottom line — we have bottomed out,” said Larry Emmons, regional director in the Southfield office of First Industrial Realty Trust. “In 2008, 2009 and on to 2012, we’ll return to growth, but slow growth.”
Subscribe to:
Posts (Atom)
