“We’ve got more strengths than we do weaknesses, the challenge is we’ve got to come together.” Rodrick Miller, President and CEO of the Detroit Economic Growth Corporation We uncovered one key piece of information about Detroit Wednesday during the Detroit Regional Chamber’s 2016 Policy Conference: This city is loud and proud. Why is this […]
Interest and investments in Detroit’s neighborhoods are rising. Whether it’s immediately evidenced on your block or somewhere just “around the corner,” it is, indeed, welcome news that recovery is on the horizon. Although financial institution executives offer differing opinions on the top issues and impediments that hinder Detroit’s real estate market, there is 100 percent […]
In his role as a Comerica Bank’s community reinvestment manager, Michael (Mike) Cheatham knows a lot about supporting neighborhoods, but in his role as a son, he worries about his dad’s comfort. Cheatham, vice president of corporate compliance and community reinvestment, helps to guide Comerica’s efforts to support Michigan’s low-to-moderate income communities. “There’s help out […]
As an investor in Detroit neighborhoods, I can’t help but notice the vast opportunity for residents to achieve the American Dream of homeownership and financial independence. Whether it’s a family buying their first home or an investor buying property for additional cash flow, there has not been a better time to buy in Detroit. For […]
Real estate brokers like Austin Black II are happily working near 24/7 these days. The owner of City Living Detroit, a full-service real estate brokerage, reports that his biggest challenge is meeting ever increasing demand for housing stock in the city. “The properties continue to get scarcer, even as prices rise to stratospheric levels in some […]
As a Detroiter in her late 50’s, Rita Dorsey had never held the deed to a house. But, like a duck to water, she made the seamless transition from renter to owner almost 10 years ago when her daughter bought her a single-family home on the east side. “Rental is a very different mindset than […]
Interest and investments in Detroit’s neighborhoods are rising. Whether it’s immediately evidenced on your block or somewhere just “around the corner,” it is, indeed, welcome news that recovery is on the horizon. Although financial institution executives offer differing opinions on the top issues and impediments that hinder Detroit’s real estate market, there is 100 percent […]