Michigan investors may continue to find real estate investment trusts attractive when it comes to long-term income. This is spite of the fact that mid-2013 interest rates had been taking a bigger bite of commercial real estate prices than in earlier months.
In the wake of the wave of foreclosures that affected homeowners in Michigan and across the country, some analysts predicted a similar crash would hit the business market. However, although commercial real estate prices did fall by about 40 percent, a disaster such as that suffered by the housing market never materialized. Experts investigated why this would be and came to some interesting conclusions.