12-13-2011 - Zillow Research article: Detroit (Home Values) saw positive monthly gains in October
"The Zillow Real Estate Market Reports cover 156 metropolitan statistical areas of which 95 showed monthly home value depreciation and 39 metros showed monthly home value increases in October. Twenty-two metros remained flat. Encouragingly, Miami (FL) home values were flat on a monthly basis while Phoenix (AZ) and Detroit (MI) both saw positive monthly gains." Read the whole article
11-17-2011 - Detroit News article: Some in Detroit neighborhood ready to take Marathon buyout
"I think that influx of cash, and that's the key word here, without constraint on geographical area is the best incentive we have seen recently," said Huez, a Detroit-area Realtor with The Loft Warehouse, in a written response to questions." Read the whole article
10-24-2011 - Invest in the US? Yes but in Detroit!
"Je lis régulièrement des papiers sur les opportunités offertes aux investisseurs étrangers dans l’immobilier aux Etats-Unis. Invariablement vient sur le tapis l’exemple archi-classique des villas luxueuses de Miami, destination phare des Français fortunés qui veulent passer quelques temps de farniente au “Sunshine State”. Tout en restant dans l’investissement immobilier, je vais évoquer pour vous une autre idée. Non pas que je n’aime pas la Floride, mais je crois qu’il y a mieux à faire."
"I read regularly papers about opportunities offered to foreign investors in US real estate. Always we see the classical examples of luxury Miami villas, prime destination for wealthy French tourists who want to relax in the Sunshine State. While staying on the subject of real Estate investment, I would like to submit another idea. Not that I don't like Florida, but there is a better investment." Read the whole blog
9-20-2011 - Written Testimony of Dr. Stan Humphries, Chief Economist, Zillow Before the United States Subcommittee on Housing.
"Investors smell a distinct opportunity in this situation: The chance to buy an asset cheaply and rent it out dearly. In fact, close to one-third of the purchases of existing homes this year have gone to all-cash buyers, the bulk of whom are real estate investors... The private market is stepping in briskly to buy up distressed homes and convert them to rentals ...This market-clearing is sometimes hard to watch. It’s a slow process of healing, but one that plays out when natural dynamics are not disrupted." Read the whole testimony
8-21-2011 - Detroit Free Press article: Loft Living is where the action is in metro Detroit.
"At The Loft Warehouse, owner/broker Sabra Sanzotta handles both sales and rentals in areas like downtown, Midtown and Corktown. The larger part of her business is rentals, she says, but she could sell more lofts if she had them.
"People moving into Detroit is a phenomenon," Sanzotta says. "We really have to work hard to find individual condo owners who want to sell." As with single-house sales, she says many loft sales are foreclosures or short sales." Read the whole article
8-19-2011 - Developers eying Downtown on Channel 4.
"The city is seeing a surprising housing boom... developers in the city and across the country are realizing Detroit is the place to be" See the video
7-21-2011 - Sabra Sanzotta with Huel Perkins on FOX 2 "Let it Rip!"