Items Tagged with 'Detroit'

ARTICLES

  • Restarting motor city

    After bankruptcy and bailout, fortunes in Detroit-Warren-Livonia, Michigan MSA are turning over again
    Five years ago, Detroit, the principal city in the Detroit-Warren-Livonia, Michigan Metropolitan Statistical Area, was declaring bankruptcy with debt estimates as high as $20 billion. This summer, those troubles seem comfortably in the rearview, according to the latest VeroFORECAST, which shows that real estate values in the nation's 14th most populous MSA are predicted to increase at an average of 6.8% over the next 12 months.
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  • Monday Morning Cup of Coffee: Did Detroit finally recover from the housing crisis?

    Home prices in Motown are nearly back to pre-crisis peak
    Detroit was one of the hardest-hit cities in the financial crisis. Now, 10 years later, is it finally showing signs of recovery? Also, in case you missed it on Friday, the battle over the leadership of the Consumer Financial Protection Bureau is nearly over. Full details within. All that, and more, in your Monday Morning Cup of Coffee.
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  • It’s a whole new ballgame: Takeaways from MBA Tech

    We're still in early innings
    [Op-ed] In this commentary, Michael Kolbrener, the chief technology officer for PromonTech, writes about the recent MBA Tech conference. "It was fitting that the Mortgage Bankers Association chose Detroit, the launch pad of Rocket Mortgage, as the site for this year’s Technology Solutions Conference & Expo. The “liftoff” of that disruptive, imagination-capturing product has been the catalyst for a new appreciation of what technology can do for lenders and borrowers," he writes.
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  • Homebuilder M/I Homes buying Detroit builder Pinnacle Homes

    M/I Homes expanding into Detroit
    M/I Homes, a homebuilder with operations in Ohio, Indiana, Illinois, Minnesota, Florida, Texas, North Carolina, Virginia, and Maryland, is expanding into Michigan by acquiring Pinnacle Homes, a Detroit-based homebuilder. According to information provided by the companies, Pinnacle currently controls more than 1,000 home sites and delivered 214 homes in 2017 in the Detroit area.
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  • Detroit suddenly reverses ban on Airbnb hosts

    Reversal comes just days after enforcement began
    Just a few days after the city of Detroit started handing out cease and desist orders to some of its downtown Airbnb hosts, the city council voted to lift the ban. After going into effect Tuesday, it appears many of the city’s officials were caught off guard by the change, which was hidden as one sentence in a 200-page update to the city’s zoning code.
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  • Detroit cracks down on Airbnb rentals

    Short-term rentals now banned in some downtown areas
    The city of Detroit, Michigan, recently voted to ban Airbnb in some of the city’s zones and is now sending out cease and desist letters. A new update went into effect Tuesday making it illegal for property owners in the city's R1 and R2 zones to rent out rooms in a home or apartment.
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  • Here are the 10 hottest housing markets in August

    What’s happening with Detroit?
    As the new school year gets underway, the nation’s housing market isn’t expected to improve much. Once again, inventory shortages and rising home prices are likely to continue into the rest of the year. There is one city that is doing surprisingly well, Detroit. Check out the article for a break down of the hottest housing markets, along with a spotlight on Detroit.
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  • Detroit Pistons pick Flagstar Bank to be first jersey ad sponsor

    Flagstar also becomes official banking and mortgage sponsor of the Pistons
    For the first time in its history, the NBA is allowing teams to place a sponsor’s logo on their jerseys. So far, a third of the league’s 30 teams have inked sponsorship deals and will have a sponsor’s logo on their jerseys, including the Boston Celtics (General Electric) and the Cleveland Cavaliers (Goodyear). On Wednesday, the Detroit Pistons became the 10th team with a jersey sponsorship, and their sponsor is one of the biggest names in the mortgage business – Flagstar Bank.
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