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Archived Articles on Real Estate and Foreclosure
Rental Properties In Detroit At 50% Below Market Value By: Bruce Wills
This is the best time to invest in properties in Detroit. Mayfair Group provides true income-producing properties in Detroit and the price quoted by the Group includes the miscellaneous expenses such as the legal costs, refurbishment cost, title insurance, project management cost, brokerage, first year property taxes and building and liability insurance cost.(read entire article)(posted on: 2010-05-10)
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S&p/case-shiller Index Shows Home Prices Up By: Bruce Wills
The S&P/Case Shiller index of home prices in twenty cities was up 0.6% in February as compared to the previous year and this shows first annual gains after December 2006.The National Association of Realtors informed “the prices of existing homes rose 0.4% in March as the sales increased in the month.â€(read entire article)(posted on: 2010-05-10)
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Survey: Time Is Ripe To Buy Homes By: Bruce Wills
“Now is the best time to buy homesâ€-- because many home buyers expect prices to rise in the coming months in the year, although, many home buyers are also worried of U.S. economy. According to the survey conducted by Century 21 Real Estate on first time home buyers and sellers -- 80% believe “now†is a good time to buy a home.(read entire article)(posted on: 2010-05-10)
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Tips To Buy Foreclosure Homes By: Bruce Wills
Foreclosure homes can be bought at a low price as compared to new homes but after downturn home-buyers are more cautious and they do not want to risk money into properties, which needs unpredicted investments. There are many complexities involved in refurbishment needed to make a home habitable, and most of the buyers of foreclosure homes underestimate the cost of refurbishment.(read entire article)(posted on: 2010-05-10)
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U.s. Housing Prices And Economic Data By: Bruce Wills
Home prices in twenty American cities rose by 0.6 percent, as per the reports given by S&P Case-Schiller Home-price index. This is the first gain since December 2006 and the consumer confidence rose 57.9 points in April as compared to 53.4 in March, which is the highest since September 2008.Labour market showed a reduction in jobless data from 459,000 in previous week to 448,000 in the last week of April.(read entire article)(posted on: 2010-05-10)
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U.s. Consumers More Confident Of Home Prices By: Bruce Wills
According to a survey conducted by the Prudential Real Estate Outlook on 1000 Americans, in the age group of 25 – 64 years having a household income of minimum $35,000, it was found that expiry of tax credit has negligible effect on home purchasing. The online survey was conducted from April 15 to April 20.(read entire article)(posted on: 2010-05-10)
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Canada Offers $550 Million For The Michigan Portion Of Detroit-windsor Bridge By: Bruce Wills
On Thursday morning, Gov. Jennifer Granholm informed about Canada’s offer to pay for the Michigan portion of investments for the Detroit-Windsor Bridge across the Detroit River. After the announcement the bridge bill was passed in the House Transportation Committee .The bill will be used to design the legal framework needed for the construction of the bridge.(read entire article)(posted on: 2010-05-10)
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Detroit To Attract Smart Employees By: Bruce Wills
Three non-government employers are active in Detroit: Detroit Medical Centre, Wayne State University and the Henry Ford Health System, and these organizations are planning to launch a series of programs to create new job opportunities in the city and to attract youngsters’ to the city. In March, Vanguard Health System announced to spend $850 million for the improvement of health facilities in the city, and it will also be paying pensions and bond debts.(read entire article)(posted on: 2010-05-10)
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Detroit-based Ford Motor Company Reports Profits Of $1.2 Billion By: Bruce Wills
Detroit-based motor company Ford reported profits of $2.1 billion in the first three months of the year, on 27 April, Tuesday .This is the fourth consecutive quarterly profit reported by the company, which said it expects “solid profits†and “positive cash flow†from the sales of cars. The company lost $1.4 billion a year ago in recession. Ford is the only one of the three Detroit-based motor companies, which did not show bankruptcy.(read entire article)(posted on: 2010-05-10)
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Gm Becomes The Top Selling Automaker By: Bruce Wills
Detroit-based motor companies have recovered from losses of last year and these companies are preparing to show profits in the year. U.S. economic recovery can be seen in the auto sales results of these motors companies. In America 1 million cars and trucks were sold in the last month, which is 19.8 percent more than the numbers of sales recorded in the same month of the previous year.(read entire article)(posted on: 2010-05-10)
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