{"id":1004051570,"date":"2012-01-06T00:11:13","date_gmt":"2012-01-06T08:11:13","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=30283"},"modified":"2022-12-04T07:39:43","modified_gmt":"2022-12-04T15:39:43","slug":"detroit-real-estate-improving-says-spcase-shiller-report","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/detroit-real-estate-improving-says-spcase-shiller-report\/","title":{"rendered":"Detroit Real Estate Improving, Says S&amp;P\/Case-Shiller Report"},"content":{"rendered":"<p style=\"text-align: justify\">By Veronica Grecu, Associate Editor<\/p>\n<p style=\"text-align: justify\">A recent report published by S&amp;P\/Case-Shiller reveals that only two of 20<a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/01\/SP-detroit.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-30298\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/01\/SP-detroit.jpg\" alt=\"\" width=\"300\" height=\"193\" \/><\/a> metropolitan regions in the United States posted annual home price increases. Those two regions are Washington, D.C., and, surprisingly, Detroit\u2014a city whose economy and demographics reached historic lows at the beginning of 2011. S&amp;P\/Case-Shiller\u2019s annual home price data shows a 2.5 gain for Detroit, almost double the gain reported for the Washington area.<\/p>\n<p style=\"text-align: justify\">The improved real estate market in Detroit is based on the growing number of building permits, the rebirth of the domestic auto industry and an increase in job openings, says <em>The Washington Post<\/em>. Though it\u2019s still early to call this recovery trend a true bounce back, little by little the city has started attracting young professionals who find it more convenient to live and work here. In July 2010, Detroit authorities and five major local companies\u2014DTE Energy, Compuwave, Quicken Loans, Blue Cross Blue Shield of Michigan and Strategic Staffing Solutions\u2014kicked off the Live Downtown Detroit program which was meant to offer cash incentives to 16,000 employees to buy or rent a residential unit in the greater downtown area. Live Midtown followed soon after, and more local companies joined the program: Wayne State University, Urban Science, Henry Ford Hospital System and the Detroit Medical Center.<\/p>\n<p style=\"text-align: justify\">In residential news, <em>Detroit Free Press<\/em> reports that a joint venture between King&#8217;s Northwest Unity Baptist Church and a Cleveland-based developer built as many as 90 new homes near Wyoming and Fenkell streets. The church received more than 800 applications from low-income young professionals and even homeless Detroiters who agreed to pay rents according to their income levels. Built in the colonial style, the two-story homes have four bedrooms, two bathrooms, a fully equipped kitchen and a finished basement.<\/p>\n<p style=\"text-align: justify\"><em>Illustration Courtesy of S&amp;P\/Case-Shiller website<\/em><\/p>\n<h1><\/h1>\n","protected":false},"excerpt":{"rendered":"<p>By Veronica Grecu, Associate Editor<br \/>\nA recent report published by S&#038;P\/Case-Shiller reveals that only two of 20 metropolitan regions in the United States posted annual home price increases. Those two regions are Washington, D.C., and, surprisingly, Detroit\u2014a city whose economy and [&#8230;]<\/p>\n","protected":false},"author":757,"featured_media":1004505486,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1495,21742],"tags":[],"class_list":["post-1004051570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-detroit","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Detroit Real Estate Improving, Says S&amp;P\/Case-Shiller Report - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/detroit-real-estate-improving-says-spcase-shiller-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Detroit Real Estate Improving, Says S&amp;P\/Case-Shiller Report\" \/>\n<meta property=\"og:description\" content=\"By Veronica Grecu, Associate Editor A recent report published by S&#038;P\/Case-Shiller reveals that only two of 20 metropolitan regions in the United States posted annual home price increases. Those two regions are Washington, D.C., and, surprisingly, Detroit\u2014a city whose economy and [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/detroit-real-estate-improving-says-spcase-shiller-report\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-01-06T08:11:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-04T15:39:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/SP-detroit.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Veronica Grecu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/detroit-real-estate-improving-says-spcase-shiller-report\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/detroit-real-estate-improving-says-spcase-shiller-report\\\/\"},\"author\":{\"name\":\"Veronica Grecu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/159949bd3f979917cc7bf081d749b862\"},\"headline\":\"Detroit Real Estate Improving, Says S&amp;P\\\/Case-Shiller Report\",\"datePublished\":\"2012-01-06T08:11:13+00:00\",\"dateModified\":\"2022-12-04T15:39:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/detroit-real-estate-improving-says-spcase-shiller-report\\\/\"},\"wordCount\":317,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/detroit-real-estate-improving-says-spcase-shiller-report\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/SP-detroit.jpg\",\"articleSection\":[\"Detroit\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/detroit-real-estate-improving-says-spcase-shiller-report\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/detroit-real-estate-improving-says-spcase-shiller-report\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/detroit-real-estate-improving-says-spcase-shiller-report\\\/\",\"name\":\"Detroit Real Estate Improving, Says S&amp;P\\\/Case-Shiller Report - 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