Apr 4th 2013 3:45PM
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 »
Mar 5th 2013 2:48PM
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 »
Feb 4th 2013 6:33PM
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 »
Jan 11th 2013 6:10PM
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 »
Jul 26th 2012 2:15PM
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 »
