Community News

July 17, 2018

Home prices soar in Detroit and the Metro Area

Good news for home sellers but aggravating news for buyers in the Metro Detroit area as home prices rise, inventory decreases, and multiple offers become commonplace.

Fast Facts:

  • Median sales price up 5% from one year ago
  • Total listings are down a staggering 22% from a year ago
  • The City of Detroit is ...
View More
July 3, 2018

Ford Depot Purchase Boosts Corktown Further

The Corktown neighborhood of Detroit has been experiencing rapid growth over the past few years. With the recent Depot purchase by Ford this economic growth is expected to explode in the area.

Savvy investors who have speculated in the areas real estate stand to make strong returns, and more investors from around ...

View More
July 2, 2018

Hotel Boom In Detroit

Good news for Detroit! The city is fast becoming known as a tourist destination and is spurring a growth in the Hotel and Hospitality industry Downtown.

Fast Facts:

  • 2,000 new rooms expected to be added
  • Average occupancy rates are now in the low 70%, up from under 50% a decade ago ...
View More
Oct. 24, 2017

Woodward Corners Shopping Center Gets a Celebrity Tenant

Construction is underway at the future site of the Woodward Corners Shopping Center located at 13 Mile road and Woodward Ave. in Royal Oak. Beaumont Health, the owners of the new development, just announced the first two official tenants of the new shopping center.  The first is the Detroit based coffee ...

View More
Posted in Community News
Oct. 12, 2017

Millionaire to Millennials

Millionaire to Millennials: Buy a Home Now! | MyKCM

In a CNBC article, self-made millionaire David Bach explained that “the single biggest mistake millennials are making” is not purchasing a home because buying real estate is “an escalator to wealth.”

Bach went on to explain:

“If millennials don’t buy a home, their chances of actually having any wealth in ...

View More