Face it, sellers: Appreciation isn’t what it used to be. In the good markets, prices are creeping up slowly, if they are creeping up at all. And in the overbuilt, oversold markets, appreciation is nonexistent.
In fact, according to the latest government survey, prices are down in 18 of the nation’s 32 largest metropolitan areas and […]
Kalamazoo school chief leaves with Promise secret intact
Who are the wealthy donors making it possible for every Kalamazoo child to attend college in Michigan without paying a dime?
Brown says she’s still the only one who knows.
[via USA Today]
Detroit band gets loud in libraries
Singer-guitarist Josh Malerman is hitting the books again, and it has nothing to […]
As Detroiters get evicted, investors get elated
He’s a New York bus mechanic by day. But his dreams of wealth and opportunity revolve around a city hundreds of miles from his home, a city he has never seen except in pictures. Detroit.
“I believe the riverfront is being redeveloped,” says Joseph Annibale.
Yes, Joe, it is. And it’s […]
Woman gets 5-15 years in prison for sex with 14-year-old boy
A Melvindale mother who had sex with her son’s underage friend was sentenced Thursday to 5-15 years in prison for the illicit affair.
Michelle Perruzzi, 34, had hoped to avoid a prison term altogether for the two convictions for third-degree criminal sexual conduct.
Police said Perruzzi repeatedly […]
What does the current meltdown in the subprime mortgage market mean in the grand scheme of things?
Currently Eastern Wayne County (Detroit-Livonia-Dearborn) is among the worst markets in the nation when it comes to foreclosures. Meanwhile to the south Ohio is the state in the nation with the most foreclosures and five of its six […]