If you have been following our blog you know that the supply of quality properties in Detroit has been really low for the last year. I predicted that supply would eventually come back up after the foreclosure moratorium ended and when the tax credit ended. Normally I would be correct but what I didn’t anticipate [...]

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The biggest question I hear from people that are looking at Detroit for their real estate investments is the question about the oversupply of vacant houses. This then leads to the explanation of the basic principals of supply and demand that we all learned in Economics class. You remember, don’t you? The lower the supply [...]

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Well, here we are at the end of March and we are seeing opportunity increasing day by day. Asset managers are getting more and more foreclosures coming on their books in Detroit and Detroit foreclosure Realtors are getting more and more listings. Inventories are going up and if you remember back to high school economics class, as supply goes up, prices drop because of a lack of demand. Isn’t a lack of demand bad for us? Read on…

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