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Foreclosure crisis makes Detroit a city of renters, not homeowners

And many of .....»»

Category: topSource: usatodayMar 20th, 2017

Developer makes its KC debut with some Plaza wow factor [PHOTOS]

City Club Apartments LLC, the company behind the planned $77 million redevelopment of nearly an entire block in the Crossroads Arts District, has just completed another iconic Kansas City project. The Detroit-area developer has finished the $7 mi.....»»

Category: topSource: bizjournalsAug 31st, 2017

Flint scholarship plan gets $2M from Pistons owner, utility

Detroit Pistons owner Tom Gores and a Michigan utility's foundation are each committing $1 million to help fund college scholarships in Flint in the wake of the city's water crisis......»»

Category: topSource: foxnewsAug 23rd, 2017

Here’s what it looks like when the foreclosure ‘pig’ moves through the housing-crisis ‘python’

There’s a notable exception in the housing recovery: delinquent mortgages bought on government auctions by institutional investors to buttress the market, irking the homeowners and advocacy groups that the program was meant to help......»»

Category: topSource: marketwatchJul 24th, 2017

Detroit Plans to Board Up Every Abandoned Home Within 2 Years

Detroit’s mayor, Mike Duggan, plans to board up every abandoned home in the deteriorating city. That is about 25,000 homes. The number makes the task monumental. The city would have to shutter........»»

Category: blogSource: 247wallstJun 3rd, 2017

Puerto Rico Makes Unprecedented Move To Restructure Billions In Debt

The territory, which is ineligible for bankruptcy, filed to begin a similar procedure tailor-made for its more than $70 billion debt crisis, which is likely to dwarf Detroit's 2013 Chapt.....»»

Category: topSource: nprMay 3rd, 2017

Puerto Rico Makes Unprecedented Move To Restructure Tens Of Billions In Debt

The territory, which is ineligible for bankruptcy, filed to begin a similar procedure tailor-made for its more than $70 billion debt crisis, which is likely to dwarf Detroit's 2013 Chapt.....»»

Category: topSource: nprMay 3rd, 2017

Renters now rule half of American cities

Detroit was once known as a city where a working-class family could afford to own a home. Now it’s a city of renters......»»

Category: topSource: moneycentralMar 23rd, 2017

Renters now rule half of American cities

Detroit was once known as a city where a working-class family could afford to own a home. Now it’s a city of renters......»»

Category: topSource: moneycentralMar 23rd, 2017

For the first time in half a century, renters outnumber homeowners here

For the first time in half a century, renters now outnumber homeowners in Detroit......»»

Category: topSource: moneycentralMar 21st, 2017

San Francisco has become a city for rich renters

Kārlis Dambrāns/FlickrRenters have long struggled with soaring rents in some of the top housing markets in the US. In San Francisco, it’s called the “Housing Crisis” because middle-class households, such as teachers, can no longer affo.....»»

Category: topSource: businessinsiderNov 6th, 2016

Detroit"s Latest Entrepreneurial Efforts Get A Boost From WeWork, Dan Gilbert

The city of Detroit, unlike almost any other in the United States, was hard hit during the 2007-2008 financial crisis. Auto related jobs were destroyed, the government was forced to raise billions of dollars of debt and the city itself was forced to file .....»»

Category: blogSource: benzingaSep 27th, 2016

City should buy more foreclosures to save neighborhoods at risk

With nearly 30,000 pending foreclosure cases in New York City last year, this crisis has lingered well past the 2008 crash. One borough has faced the brunt of it: Queens. Foreclosure rates there have... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkSep 18th, 2016

Trump"s new favorite to lead the Fed almost made the financial crisis a lot worse

Thomson ReutersBeing wrong with conviction is a trademark of President Donald Trump. Perhaps that makes Kevin Warsh, his new perceived favor.....»»

Category: topSource: businessinsider17 hr. 39 min. ago

KCBJ launches Coolest Office Spaces contest

The Kansas City Business Journal is launching a new contest, Coolest Office Spaces. Who doesn't love to take a tour — live or virtual — of well-done office spaces? What makes an office "cool" could be the view, the pingpong table or the tread.....»»

Category: topSource: bizjournals19 hr. 54 min. ago

Houston"s Tight Rental Market Makes It Tough For Low-Income Hurricane Victims

Even before Harvey, Houston had an affordable housing crisis. Prices are rising for apartments that weren't damaged, forcing some to stay i.....»»

Category: topSource: nprSep 18th, 2017

Iranians among 52 dead in Iraq attacks claimed by IS

The toll makes it deadliest IS attack in Iraq since pro-govt forces drove the jihadists out of second city Mosul in July.....»»

Category: topSource: business-standardSep 14th, 2017

In Detroit, the end of blight is in sight

“SPERAMUS meliora resurget cinerbus”: the Latin incantation, offered by a French Catholic priest after a fire nearly destroyed the city in 1805, is Detroit’s motto—“We hope that better things may rise from the ashes”. The o.....»»

Category: useconomySource: economistSep 14th, 2017

TIF Comission approves $10K grants for East Side home buyers

The Tax Increment Financing Commission of Kansas City voted Wednesday to reward homeowners willing to buy in an area east of Troost Avenue with forgivable loans of as much as $10,000. The TIF loans for single-family owner-occupants were among several ty.....»»

Category: topSource: bizjournalsSep 13th, 2017

The company that makes "the world"s most comfortable shoes" just opened its first store in NYC — here"s what it looks like

AllbirdsAllbirds has landed in New York City. The Silicon Valley-based startup is opening a concept store in the city's So.....»»

Category: topSource: businessinsiderSep 13th, 2017

Nashville"s Answer To Flood-Proofing Homes? Tear Them Down

Since 2010, Nashville has bought 261 flooded homes and hopes to acquire 90 more. The city offers homeowners fair market value, then demolishes the houses and returns the land to a more natural state......»»

Category: topSource: nprSep 8th, 2017