Galloway and Collens, PLLC
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Posts tagged "real estate"

Figures show more Americans are purchasing vacation homes

Dreams of buying a new car or boat, taking a trip around the world or even renovating a home have been stymied for many people in recent years thanks to the fallout from the recession, which saw record foreclosures, falling home prices, a jump in unemployment and battered retirement accounts.

Michigan city considers crime-free leases

When you read a lease agreement in one Michigan city, you might be surprised at some point in the future what can get you immediately evicted. An ordinance has been proposed that would include a crime-free clause in a lease agreement. While the new ordinance hasn't passed yet and is simply under discussion, in the near future, it could put some families immediately on the street if someone in the home commits a crime.

Restoring Victorian home in Michigan no small task

When a couple in Birmingham, just north of Detroit, bought an 1895 Queen Anne-style Victorian home, they knew they had a large project on their hands. Looking at pictures of the home as it was in 1990 made the wife a little overwhelmed. The husband saw it as an oppurtunity to make something special. It was an ambitious two-year effort that eventually paid off in a big way.

Closed factory cannot be reused for parking, mayor says

Residents who live in the downtown areas of Michigan know that space is limited. And as readers of our blog have seen from previous posts, many developers have taken it upon themselves to reuse properties in areas with limited space and repurpose them to the needs of that particular area.

Heads up investors! Real estate goes IPO

Nearly everyone in the state of Michigan has been watching the state of the economy for the past several years. When it dipped into the worst of the recession, many people wondered if it would ever recuperate to its former glory and many became concerned about whether the stock market would ever be the same again.

A new way to look at retirement life

When most people in Michigan think about retirement-living communities, their brains tend to conjure of images of retirement homes with bland food and décor that appears to have hit its stride 30 years ago. But with new ideas about what retirement life should really be like sweeping the nation in recent years, this common image could become a thing of the past.

How rising building costs could affect new home buyers

When it comes to buying your first home, many Michigan families worry most about the headaches generally associated with first homes. Whether it's the expense of remodeling or replacing the entire roof after the first week of moving in, most people would rather forego these headaches and buy a new home instead.

FBI raid on Michigan realty firm uncovers Freddie Mac troubles

The real estate firm Elias Realty, located just to our south in Livonia, has found itself in hot water this month after the FBI issued a search warrant on their offices a week ago. Although the former state attorney general representing the firm in the case is confident that the FBI will find no wrong doing, it has stirred up many of the problems the company has been having with Freddie Mac over the course of the last few months.

The outlook for the housing market in 2013

Whether you're buying or selling your home in Michigan, the recent news about real estate prices may be good or bad news to your ears. According to recent numbers, home prices seem to finally be on the rise, leading some to say that first-time home buyers may want to change their New Year's resolution to buying a new home.

Auto-industry woes and its impact on Michigan vacation homes

During the recession, real estate agents around Lake Huron's southern shore saw massive changes to the real estate market, and not just in terms of foreclosed homes. As the automotive industry scaled back, so too did blue-collar families who had owned vacation homes along the shores of Lake Huron in Michigan. Families no longer able to afford two homes were forced to sell their summer homes for a more fiscally responsible future, a true reflection of the changing economy.

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