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The Progressive Side of Michigan Real Estate
from:Although the state is known for a number of famous tourist attractions, from The Great Lakes to the North American International Auto Show in Detroit, the Michigan real estate market is one that also has its own reputation. With a number of different but lovely geographic locations throughout the state, one has a vast choice of settings in which find property. Lansing, Grand Rapids and Detroit are major players in the state’s economy, serving as a home base for many established and well recognized businesses with a global reach. Whether searching out property for residential, industrial or commercial purposes, one can find just what they are looking for in the Michigan real estate market.
The state’s recent move to prohibit eminent domain property seizures is just one of many events that have kept the Michigan real estate market in the headlines. This move bars the seizure of property from private owners for the purpose of economic development or other tax and financial gains. Michigan has also consistently moved to standardize the practices of appraisers, brokers and salesperson who work in the real estate industry. These standardized regulations prevent unscrupulous individuals from taking advantage of others in crooked real estate schemes that regularly cost the state millions of dollars in revenue. They also help prevent disputes between other industry agents, such as engineers, contactors or architects.
Another celebrated fact about Michigan real estate is the progressive measures used by some housing additions that not only permit affordable housing options but also ensure the protection of the state’s many natural resources. The practices have routinely earned the accolades and approval of many environmental groups. Michigan has managed to quickly gain popularity for its consistent ecologically sound practices when it comes to housing. This makes perfect sense as one of the main reasons people choose to live in Michigan is for the benefit of its natural beauty. Even housing in major cities and their suburbs are opting for newer ecologically sound practices, upgrading older homes when and where necessary.
With many major cultural facets located throughout the state, the Michigan real estate market tends to stay at the top of the list for popular location choices. On top of this, the number of large companies located in the state provides a significant amount of jobs keeping the real estate market feasible. With 8 different statewide regions to choose from, locating everything from commercial properties to farmland can be a very easy task. The Michigan real estate board counts and manages at least 40,000 qualified, licensed real estate agents. They also manage at least 20,000 brokers and nearly 5000 appraisers.
Real Estate Rental Specific links
Real Estate Rental News
All Commercial Real Estate Sectors Continue to Improve, Multifamily Strong - MarketWatch (press release)
All Commercial Real Estate Sectors Continue to Improve, Multifamily Strong MarketWatch (press release) The apartment rental sector has fully recovered and is growing. The findings also are confirmed in NAR's recent quarterly Commercial Real Estate Market Survey, which collects data from members about market activity. Lawrence Yun, NAR chief economist, ... NAR: All Commercial Real Estate Sectors Gaining Ground All commercial real estate sectors making a comeback |
Belden Stratford rental conversion under way - Chicago Tribune
 Chicago Tribune | Belden Stratford rental conversion under way Chicago Tribune Jeff Elowe, president of Laramar Group, said the Chicago-based real estate investment and management company took over the Belden Stratford in December. "Our goal was to maintain the historic charm and elegance of the property," he said. |
The Summer Rental Rat Race - New York Times
 New York Times | The Summer Rental Rat Race New York Times “Real estate agents who want to sell you a house will tell you that you can make money off it,” Mr. Johnston said. “Well, I did 20 years ago, but I don't anymore.” There is often money to be made in vacation homes, but as the number of listing services ... |
Rentals fuel US realty revival - gulfnews.com
Rentals fuel US realty revival gulfnews.com High rental growth in many cities has attracted big institutional investors such as insurance companies, real estate investment trusts and pension funds looking for a steady stream of revenue for the long term. This interest has made banks more ... |
Triple Crown Corporation Acquires Blue Ridge Country Club - MarketWatch (press release)
Triple Crown Corporation Acquires Blue Ridge Country Club MarketWatch (press release) "Properties like Blue Ridge fit nicely into our portfolio as we shift our focus away from new home construction to rental and commercial real estate." The company stopped new home construction completely in 2012. DiSanto says it was a strategic ... |