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Tagged: realty trac

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Economy
12:38 am
Thu June 6, 2013

Looking for a little 'fixer-upper?' Try Detroit or Lansing

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Credit Steve Carmody/Michigan Radio
All it needs is a little TLC. (file photo)
Credit Realty Trac
Realty Trac's Top 15 markets for 'fixer-upper' homes
Credit Realty Trac
A map of bank owned homes in metro Detroit
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Potential home buyers looking for a fixer-upper may want to look in Detroit or Lansing.

Realty Trac is out with a list of the 15 cities with the largest number of bank-owned homes on the market that were built before 1960 and valued at under $100 thousand.

Detroit tops the list, with nearly four thousand older homes with an average estimated value of just over $40 thousand. Lansing comes in 15th, with more than 500 pre-1960 homes with an average estimated value of $56 thousand.

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Economy
12:14 am
Thu April 4, 2013

Several local cities rank high on a list of the best places to rent out single family homes

Credit Steve Carmody/Michigan Radio
Home for rent (file photo)
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A new report finds three regional cities are good places to buy and rent out single family homes.

A new Realty Trac survey lists Detroit, Saginaw and Toledo among the 20 best markets in the country to own and rent single family homes. Florida cities dominate the rest of the list.

The top 20 are based on the markets with the most potential cash flow and capitalization rates on a 3-bedroom home.

Saginaw ranked second on the survey.  Toledo came in third.  Detroit ranked 15th on the list.  Memphis, Tennessee topped the Realty Trac ranking. 

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