Posts Categorized: Real Estate

Detroit Housing Values Increase for the First Time in 17 Years

City officials have been working hard to facilitate renewed growth in parts of Detroit that lay neglected for years, and the fruits of their labor may finally be starting to show. Historic neighborhoods are being revitalized by their residents, and developers are constructing new affordable housing options downtown. There’s still plenty of work to be… Read more »

Detroit Offers Tax Breaks to Affordable Housing Developers

In recent years, it’s become fairly common to hear local officials and journalists talk about the idea of a “renaissance” in Detroit. It’s true that downtown Detroit is undergoing some very positive changes, but sometimes urban renewal can have unintended negative consequences on a city’s most vulnerable residents.  In San Francisco, for example, rapid commercial… Read more »

Historic Midtown Apartment Building Undergoes Renovations

Another historic building in Midtown Detroit is getting a new lease on life thanks to a multi-million dollar investment from its new owners. The former Milner Arms apartment building, now known as The Hamilton, is currently in the process of undergoing a $12 million renovation that is scheduled to be complete in the fall of… Read more »

Detroit Offers Educators a 50 Percent Discount on Housing

It can be difficult to buy a home on a teacher’s salary, but this year the city of Detroit made it a little easier for educators to find affordable housing. Recently, Mayor Mike Duggan announced that local educators can now take advantage of a program which grants steep discounts to city employees who buy homes… Read more »

Inventory Decline Drives up Housing Prices in Metro Detroit

If you’ve been keeping an eye on the housing market in Detroit this year, you may have noticed a surprising upward trend in housing prices across the region. According to the Detroit Free Press, housing prices in August were up 7.2 percent compared to the same time last year. Furthermore, housing prices were up by… Read more »

Foreclosure Rates Finally Fall Below Pre-Recession Levels

The statistics released by ATTOM Data Solutions show that there were more than 230,000 foreclosure filings through the first three months of 2017 in the U.S., And while that might seem like a high number, it actually represents an 11 percent dip from the final quarter of 2016 and a 19 percent dip when compared… Read more »

Inspect, Then Invest: Order an Inspection Before Buying Investment Property

Have you found an investment property that you’re interested in buying at some point in the near future? Great! Real estate is usually one of the best investments you can make. Before you commit to buying an investment property, however, you should have a professional home inspection performed so that you know exactly what you’re… Read more »

The Pros and Cons of Land Contracts

If you are buying or selling property in the state of Michigan, you can essentially cut out the middle man by handling the sale through a land contract. In such a sale, the seller sets up an installment plan though a contract with the buyer that states the price in addition to how the taxes,… Read more »

Investing in Real Estate? Consult Us First!

Are you buying or selling a commercial or residential property? Don’t make a purchasing decision without consulting the team at The Law Offices of Aaron D. Cox PLLC first to ensure that the process goes smoothly and free of legal complications. There are many reasons as to why you shouldn’t go through the process of… Read more »