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Friday November 20, 2009

Michigan Real Estate Market News

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Fri, 20 Nov 2009 19:29:50 GMT
Political Games at the Pontiac Silverdome? (Time Magazine)
  • The woes in the Michigan real-estate market were dramatically underscored when the Pontiac Silverdome was sold at auction for $583,000

  • Wed, 18 Nov 2009 23:16:00 GMT
    Lions’ Silverdome Sale Temporarily Blocked by Michigan Court (Bloomberg)
  • Nov. 18 (Bloomberg) -- A Michigan judge temporarily blocked the city of Pontiac’s plan to sell the Silverdome football stadium for $583,000, a price that works out to $7.25 a seat.

  • Wed, 18 Nov 2009 11:00:00 GMT
    Former General Motors Engineering and Technology Campus to Sell Through Absolute Auction on Tuesday, December 15th at ... (Business Wire via Yahoo! Finance)
  • FLINT, Mich.----Williams & Williams , the premier brand in real estate auctions, announced that it is selling The Great Lakes Technology Center in Flint, Michigan through a global absolute without reserve auction on Tuesday, December 15th at 11:00 am EST.

  • Mon, 16 Nov 2009 23:00:00 GMT
    Canadian Company Wins Auction for the Pontiac Silverdome (Business Wire via Yahoo! Finance)
  • PONTIAC, Mich.----Williams & Williams , the premier brand in real estate auction, on behalf of the City of Pontiac, Michigan, announced today the auction for the Pontiac Silverdome was won by a family-owned real estate company based in Toronto, Canada with a high bid of $583,000.

  • Sun, 15 Nov 2009 08:20:05 GMT
    Vacant home regulations increase (Detroit Free Press)
  • Vacant property registration ordinances are on the rise in Michigan as communities have struggled to deal with the avalanche of abandoned properties brought on by foreclosures. So far, 25 communities from Grand Rapids to Keego Harbor have the ordinances with many of them enacted this year, according to the Southeast Michigan Council of Governments.

  • Sat, 14 Nov 2009 03:26:34 GMT
    GM announcement could hurt Spring Hill real estate (WKRN Nashville)
  • News of several hundred Spring Hill GM workers being offered jobs in Michigan brings potential for an even more flooded housing market.

  • Thu, 12 Nov 2009 19:07:55 GMT
    A GROWING INDUSTRY: Michigan's medical marijuana economy (Detroit Free Press)
  • Take a look inside the activity behind Michigan's growing medical marijuana industry.

  • Thu, 12 Nov 2009 15:25:43 GMT
    Anti-trust/Competition (Mondaq)
  • Last week the Federal Trade Commission ruled that a Michigan realtors' group violated federal antitrust law by limiting the publication of certain types of real estate listings within its Multiple Listing Service (MLS) and publicly accessible real estate web sites.

  • Thu, 12 Nov 2009 08:29:59 GMT
    MICHIGAN'S MEDICAL MARIJUANA: The growing pot economy (Detroit Free Press)
  • No one's suggesting that bedrock industries of the Michigan economy like cars and real estate are headed for boom times again. But, the marijuana economy appears to be going gangbusters.

  • Wed, 11 Nov 2009 20:54:07 GMT
    New Economy Initiative for Southeast Michigan Announces More Than $3 Million in Grants (dBusinessNews.com)
  • Detroit - Today, the New Economy Initiative (NEI, www.neweconomyinitiative.org ) announced more than $3 million in grants to support four collaborative efforts that will support southeast Michigan’s economic shift to a knowledge-based economy.

  • Thu, 12 Nov 2009 00:40:38 GMT
    Huntington CEO hints bank may be adding jobs in West Michigan (The Grand Rapids Press)
  • Stephen Steinour says Michigan operations shaping company's new strategic plan.

  • Mon, 09 Nov 2009 17:54:55 GMT
    FDIC shuts five more banks as failures reach 120 for the year (USA Today)
  • Regulators on Friday shut banks in Georgia, Michigan, Minnesota, Missouri, and California, bringing the number of bank failures this year to 120 amid the struggling economy and a cascade of defaults on loans.

  • Mon, 09 Nov 2009 09:13:07 GMT
    MSU's Dubai campus faces challenges (Lansing State Journal)
  • EAST LANSING - When Michigan State University's leaders made the decision to start a campus in Dubai two years ago, the Persian Gulf city was a boom town, a growing hub for real estate, finance and tourism and a magnet for foreign workers.

  • Sat, 07 Nov 2009 12:23:34 GMT
    Realtors, home buyers pleased by tax credit extension to May 1 (The Muskegon Chronicle)
  • WEST MICHIGAN — Realtors and potential homebuyers are celebrating the federal government’s decision to extend tax credits through May 1 to stimulate a housing market still saturated with foreclosures.Many economists say a recovery in the real estate market is key...

  • Sat, 07 Nov 2009 03:11:16 GMT
    Banks in Ga., Mich., Minn., Mo., Calif. closed (AP via Yahoo! News)
  • Regulators on Friday shut banks in Georgia, Michigan, Minnesota, Missouri, and California, bringing the number of bank failures this year to 120 amid the struggling economy and a cascade of defaults on loans.