Quicken’s move could inspire more firms to come downtown
August 24, 2010 by admin · Leave a Comment
BY JOHN GALLAGHER
FREE PRESS BUSINESS WRITER
When 700 employees of Quicken Loans arrived for work Monday at the Compuware building, they each found a gift bag stuffed with discount coupons from nearby downtown restaurants and shops very eager to make their acquaintance.
Long-suffering businesses downtown have been eagerly awaiting Quicken’s move from suburban Livonia, [...]
Downtown Detroit to get 4,700 more workers
August 24, 2010 by admin · Leave a Comment
Quality of life to improve
BY JOHN GALLAGHER
FREE PRESS BUSINESS WRITER
After suffering years of depletion and brutal recession, downtown Detroit is about to get an infusion of new people as two firms plan to move a total of 4,700 workers downtown.
The long-awaited move by online mortgage giant Quicken Loans will take place in [...]
Housing Markets That Will Be Strongest by 2014
August 10, 2010 by admin · Leave a Comment
By Venessa Wong, Bloomberg Businessweek
Aug 4, 2010
Where will prices rebound most by state?
A housing market rebound seems tenuous following the expiration of the home buyer tax credit, and consumer confidence remains weak due to lackluster employment, but David Stiff, chief economist at Fiserv, says the bottom is near. Home prices in the [...]
Berry Gordy’s former residence goes on sale for $1.395M
July 15, 2010 by admin · Leave a Comment
By GRETA GUEST
FREE PRESS BUSINESS WRITER
Berry Gordy’s former residence in Detroit’s Boston-Edison neighborhood will go up for sale on Monday.
The asking price: $1.395 million.
The house features nine bedrooms, five full bathrooms and four half-baths plus a five-car garage and a 4,000-square-foot pool house, said Kenan Bakirci, the listing agent who works [...]
Michigan to offer $154M in U.S. aid to borrowers
July 15, 2010 by admin · Leave a Comment
By GRETA GUEST
FREE PRESS BUSINESS WRITER
Michigan’s plan to spend $154.5 million in federal funds to help those hardest hit by the economy has gained federal approval and will be available starting July 12.
The funds – targeted at helping borrowers facing pay cuts or job losses keep their homes – are expected to [...]
Structurally sound houses for under $20,000 (US)
June 12, 2010 by admin · Leave a Comment
Detroit Progress isn’t the only company selling cheap Motor City homes.
Azar said the owners originally got into the business “to flip houses just for the money.”
But they named the company Detroit Progess “because the city’s so messed up and we want to try and help it.”
Azar said the properties are structurally sound [...]
60 Minutes Episode: Mortgages Walking Away
It’s estimated that one million Americans walked away from homes “underwater” or worth less than their mortgages even though they could afford the payments. Morley Safer reports on this trend, called strategic default, that threatens the economic recovery.
Extra: Are Mortgage Walkaways Going Viral?
Extra: YouWalkAway.com
Extra: The Case For Walking Away From Your Mortgage
Extra: [...]
Recently Aired Video From Dateline About Detroit
April 20, 2010 by admin · Leave a Comment
Detroit: City of Heartbreak And Hope
Chris Hansen Goes Home To Detroit
Cleaning Up Detroit From The Bottom Up
Detroit Parent Keeps Kids On The Right Track
In Detroit, “The Best Is All Gone”
Kid Rock On Detroit The “Ghost Town”
Artists Transform Detroit Neighborhood
Detroit’s Mayor “Toughest Sell of My Life”
Starving For Something New In Detroit
A Family Scrambles To Keep It’s [...]
Big plans for the future Detroit
April 5, 2010 by admin · 2 Comments
A challenging list of projects can reshape city in the next decade
Closing schools creates a smaller, modernized school system
In a sweeping 5-year, $1-billion plan, 41 school buildings and 1 support building are slated for closure in June, with another 13 to be closed by 2012. DPS officials based this redesign in part [...]
Bank offers mortgage relief
March 27, 2010 by admin · Leave a Comment
Plan is part of Countrywide settlement
BY IEVA M. AUGSTUMS
ASSOCIATED PRESS
CHARLOTTE, N.C. — Bank of America is giving some of its most troubled mortgage borrowers relief from the threat of foreclosure.
The bank, the largest mortgage servicer in the country, said Wednesday it will forgive up to 30% of some customers’ total mortgage [...]
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