Detroit - Articles

Detroit Demolitions Leave Blank Page for City's Next Chapter

Paul Sancya/The Associated PressDemolition of a vacant home has left this empty lot in Detroit's Brightmoor area, an area plagued by scavengers. By Jeff Karoub DETROIT -- The families of Detroit's Brightmoor area are delighted that the day is finally approaching when bulldozers will arrive to level more of their... Continue Reading »

Detroit's 'Brewster Projects' Yields to Final Demolition

Carlos Osorio/The Associated Press DETROIT -- The final phase of demolition began this week for a well-known vacant Detroit housing project that once was home to boxer Joe Louis and members of the Supremes. Crews started using heavy equipment Monday to take down four 15-story towers that are part of the former Frederick... Continue Reading »

Auctioned Detroit House Becomes a Dream Home (Video)

#fivemin-widget-blogsmith-image-255419{display:none;} .cke_show_borders #fivemin-widget-blogsmith-image-255419, #postcontentcontainer #fivemin-widget-blogsmith-image-255419{width:570px;height:411px;display:block;} While many were flocking from Detroit, leaving abandoned homes and distressed neighborhoods in their... Continue Reading »

New Detroit-Area Homes Demolished as Housing Project Goes Awry

The Detroit area remains one of the top 10 metros for foreclosed and vacated homes. Its abandoned residences often become hideouts for drug users and prostitutes, and occasionally scenes of murder. So it's no wonder that government officials want to simply tear down many of these homes. But in the community of Highland... Continue Reading »

Jane Bashara Murder Home: Scene of Notorious Crime Up for Sale

On the market: A cute and spacious 2,800-square-foot Colonial in Grosse Pointe Park, Mich., with four beds and baths, remodeled kitchen, wine cellar and bar -- and one heck of a backstory. This quaint abode can be all yours, if you're OK with the fact that it's the notorious scene of a national-headline-grabbing... Continue Reading »

'100 Abandoned Houses': Sad Signs of Detroit's Growing Financial Emergency

Detroit is edging dangerously close to bankruptcy, and the most obvious sign of its dramatic financial downfall lies in the ramshackle, abandoned homes that dot its neighborhoods. Michigan Gov. Rick Snyder declared last week that Detroit is in a "financial emergency," and he said that he would appoint a fiscal manager to... Continue Reading »

Home Demolition Costs in Detroit Exceed Property's Value in Many Cases

costs-home-values Burnt-out, dilapidated homes aren't worth much. So just tear it down, you say? Now that'll cost you. In Detroit, a city littered with the ruins of abandoned homes, the cost of demolishing beat-down properties, in many cases, is more than the homes themselves are worth. Take the case of Dream Hampton, an... Continue Reading »

12 Detroit Houses Demolished Accidentally, Including Couple's Newly Bought Home

Imagine purchasing a home at an auction only to check up on it weeks later -- and find it completely demolished. This was the case for artists Kristine Diven and Micho "Detronik" McAdow. The couple had purchased a dilapidated two-story townhouse in Detroit (pictured at left) for $500 at a tax auction in October 2012.... Continue Reading »

Hottest Markets: 10 Cities Where Homes Sell the Fastest

For the past few years, you've probably been told that being a homeseller is one of the worst positions to be in. But it's not so bad now. Homes are selling faster in the majority of U.S. markets than they were a year ago, according to data recently released by Realtor.com. Ten areas in particular are sweet spots if... Continue Reading »

Best Cities to Buy Rental Properties

By Les Christie Ever thought about becoming a landlord? Now might just be the perfect time, especially if you live in one of these cities. A combination of beaten down home prices and rising rents make these cities promising places to become a landlord -- just as long as you understand the risks involved. (For example,... Continue Reading »

101-Year-Old Foreclosure Victim to Get Home Back

DETROIT -- A 101-year-old woman, who was evicted from her longtime Detroit home after her 65-year-old son failed to pay the mortgage, is getting it back, the U.S. Department of Housing and Urban Development said Wednesday. Texana Hollis was evicted Monday and her belongings were placed outside the home where she had lived... Continue Reading »

House of the Day: Detroit Gem in Need of Polishing

Flipping through the Detroit MLS these days produces some sad-trombone listings, but we keep coming back to a 10,395-square-foot baronial Tudor listed for $759,000. Since not even the Motor City can stay woeful forever (that's our inner Pollyanna speaking), we decided to feature what appears to be a steal. Yes, it is in... Continue Reading »

Romney Family Home Demolished as Part of Detroit Rejuvenation Plan

The childhood home of former Massachusetts governor and 2008 Republican presidential candidate Mitt Romney was torn down yesterday as part of a plan to demolish thousands of dilapidated homes in Detroit. The Romneys lived in the 5,500-square-foot Palmer Woods home from 1941 to 1953. The former Romney home was located at... Continue Reading »

Farmville USA, Motown to San Fran

San Francisco and Detroit may be in full bloom this spring thanks to urban farms. Who are responsible for these urban farm projects? Could urban farms really remake either of these cities? The cities' housing markets don't have much in common. San Francisco is frequently in the news for high priced homes, while Detroit is... Continue Reading »

Artists Draw Attention to Detroit's Housing Crisis

Though typically in the headlines for its crime rate, its astonishing unemployment, or any number of other depressing stats, not all the news out of Detroit these days is bad. The same pillowy-soft real estate market that makes the Motor City a renter's dream, has opened the door for aspiring artists to turn some of the... Continue Reading »

Buy This Michigan Bungalow for a Buck

A single dollar can buy you this two-story, four bedroom 1926 Arts and Crafts-styled bungalow in Michigan. There's just one catch: it must be moved from its Detroit suburb to make room for a local park. Moving this one-buck, fixer-upper is estimated to cost about $20,000. Add in renovations on the 2,110 square foot home,... Continue Reading »

Are E-Car Charging Stations The Next Must-have Amenity?

Could recharging stations for electric cars be the next must-have accessory in upscale housing, now that wine cellars and bathrooms the size of some apartments are out of vogue? Could be. Electric cars are all the rage at this week's auto show in Detroit. Manufacturers plan to roll out three models in the next three... Continue Reading »

Boomtowns Lag in the Recovery

All cities are not created equal - some are healing from the recession much faster than others, according to the third quarter MetroMonitor report from the Brookings Institution. For example, if you lived in Omaha, Neb. or Council Bluffs, Iowa, you'd be enjoying an unemployment rate of less than 5 percent. But for... Continue Reading »

Philly Helps Homeowners Avoid Foreclosure

It doesn't hurt to ask. That's the lesson learned from a new program in Philadelphia which is helping homeowners stay in their foreclosed property. The initiative is working so well that it's getting praise for being better than the Obama administration's $75 million program and being considered as a model for other states... Continue Reading »

Detroit: the Bees Knees?

The Motor City is awash in real estate news coverage. While some see Detroit as wreckage, others see infinite opportunity. Rather, highly unusual opportunity. Check out this unexpected quote about real estate plans from New Geography: "Mitch and Gina have already been approached by some Germans who want to build a giant... Continue Reading »

Where the Action Is on Realtor.com

Realtor.com publishes a weekly top 10 list with the most searched properties within 20 percent of the national median price. This can be some what distorting, as a $215,000 house in L.A. may be a shack compared to one in Minneapolis or Cleveland. As it happens, six of the 10 most searched last week were in the Detroit... Continue Reading »

Detroit's Safe? Really Forbes?

With all those celebrities getting robbed in L.A. lately, how come none of the gazillion New York celebs have reported break-ins. Could it be that New York is safer? That's what Forbes would have you think. The magazine just awarded New York no. 8 in its America's Safest Cities list. But that's not the only surprising... Continue Reading »

Chicago Stressed Out, Miami Super Chill

Maybe it was losing the Olympic bid to Rio. Or, maybe it was the Jay Cutler's performance against the Atlanta Falcons. Either way, Chicago came out as the most stressed city in a recent survey by Harris Interactive. Maybe they need to go to Rio and chill for a while ... nah. We might have predicted Detroit or Las Vegas,... Continue Reading »

AOL RealEstate on Facebook