Michigan’s Largest Real Estate Broker Reports $5.4 Billion in Sales

Morris works with John Adams Mortgage Company offering quick approval, equity and bridge loans and a variety of mortgage products designed to meet specific needs. Capital Title Insurance assists sales associates and customers by coordinating the details of the transaction. Insurance One provides complete insurance coverage for associates and customers. Home Services One helps customers coordinate the many details connected with a move, from hiring a moving company to cleaning carpets. The full time professional staff is experienced in real estate and very knowledgeable in all aspects of relocations assisting more than 3,000 families moving to and from the metro Detroit area each year. First American Home Buyers plan offers a one year residential service contract that provides repair and replacement coverage on many of the home’s major systems and appliances that fail due to normal wear and tear.

The Real (Estate) Deal

The Detroit Investment Fund's Dave Blaskewicz presented an overview of the last six years of development in Greater Downtown – new housing, retail and dining and entertainment venues, not to mention cornerstone changes such as Compuware, Campus Martius and the Detroit RiverWalk.

Detroit registered the highest foreclosure rate among the nation's 100 largest metro areas

Detroit registered the highest foreclosure rate among the nation's 100 largest metro areas, with close to 5 percent of its households entering some stage of foreclosure during the year -- 4.8 times the national average and up from about 3 percent in 2006. A total of 72,616 foreclosure filings on 41,273 properties were reported in the Detroit metro area in 2007, up 68 percent from 2006. The other Michigan metro area with a foreclosure rate in the top 20 was Warren-Farmington Hills-Troy at No. 17.

With 4.866 percent of its households entering some stage of foreclosure during the year, Stockton, Calif., documented the second highest metro foreclosure rate.

Campaign helps developers market inexpensive Detroit properties

he D Brand is about promoting the city's strengths while acknowledging its challenges. Developers and business owners say an application of the brand for urban revitalization works too.

Resurrecting a dead property has been a fascination for Avinash Rachmale, CEO of Lakeshore Engineering Services. Rachmale first renovated a warehouse in Highland Park with his own money. He recruited investors and landed government contracts, which enabled him to restore an eight-story, 245,000-square-foot building once owned by Henry Ford's prototype team.

Residential real estate market in Detroit

Dave Blaszkiewicz, president of the Detroit Investment Fund, will give a presentation on who's moving to Detroit and what are the residential real estate opportunities. The $52 million Detroit Investment Fund is a private-capital fund that offers financing for businesses and real estate projects that can stimulate economic development in Detroit.

Afterward, a panel of Realtors who sell in Detroit will discuss their experiences and take questions from the audience.

Outside investors hot on Detroit commercial real estate

Metro Detroit's inventory of commercial real estate continues to provide hot prospects for out-of-town investors.

Seven of 2007's 10 biggest sales were purchased by companies or investors outside metro Detroit. The area's reputation as a risky place for investment has been both good and bad.