Supply/Demand/Prices

COVID-19 at-home tests are hard to find and now Abbott's BinaxNOW kits cost more at Walmart and Kroger.

If a company wants to give people way too much money for their homes and then sell them at a loss … great!

Masco Corp. is benefitting from continued strong demand for its paint and plumbing products, but supply chain kinks and rising raw material costs are hurting profitability.Part of the solution, according to executives of the Livonia-based manufacturer, is passing costs onto customers. That means do…

The extra charges for fast access apply to as many as two rides at each park and will vary based on the attraction and date.

Record-low car production isn't bad news for all dealerships.

If you're heading out to an apple orchard or cider mill this fall season expect to pay more for apples, cider and doughnuts.

Homes in metro Detroit are selling faster than ever, as prices continue to rise and the number of houses on the market further shrinks.Data from Realcomp II Limited, a multiple listing service, shows homes in southern Michigan are selling at their fastest pace since tracking began in 2003…

(Bloomberg) -- U.S. home prices jumped the most in more than 30 years in April.Nationally, the S&P CoreLogic Case-Shiller index of property values climbed 14.6% from a year earlier, according to a statement Tuesday, the biggest gain in data going back to 1988. That came after 13.2% increase in March, and was the 11th straight month that price gains accelerated.Home prices in 20 U.S. cities, meanwhile, jumped 14.9%, beating the median estimate in a survey of Bloomberg economists and was the bigge

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Still, experts think the lumber market will run hot for years

WASHINGTON (AP) — Heading into the Memorial Day travel weekend, House Republican leader Kevin McCarthy and other members of his party are falsely blaming President Joe Biden for higher gasoline and lumber costs.

U-Haul marketing president said Hawaii U-Haul facilities are the busiest they’ve been in years.

At risk of losing control of one of their key projects under terms of a development agreement with teeth, the Ilitch family has met all of the redevelopment milestones the city has required of them for the Hotel Eddystone so far. The Detroit Economic Growth Corp. says the remaining milestone &…

As a sale appears likely following a mortgage default, the Fairlane Town Center shopping mall in Dearborn is worth less than half what it was when it was bought more than six years ago. Data provided by New York City-based Trepp LLC shows that Fairlane, located at 18900 Michigan Ave., is worth just…

Metro Detroit's single-family home shopping spree is likely to continue well into fall as buyers and Realtors aggressively seek new house listings, drop contingencies to seal a deal and work to combat "buyer fatigue" in a market where homes are selling quickly and at record-high prices. For-sale…

A host of things have converged—the pandemic, supply and demand, the chip shortage, new auto sales—that could push up auto-related shares.

Answer: 63% Questions:   Would you consider buying a house that you couldn’t see in person?  What do you think home buyers might miss if they rely strictly on online sources of information? Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (NY Times):  Sixty-three percent of buyers who used Redfin in November and December went on to make an offer on a home they hadn’t seen in person, and monthly views of 3-D walk-throughs on the site are up more than 500 percent since February 2020. “In this market, because the homes are gone so quickly, if I had contacted the agent and set up a showing, by then they could have had five other offers,” Ms.

Some parts of Texas were colder than Alaska

At $3.29 million, Unit 300 at 1529 Broadway St. in downtown Detroit is the most expensive condominium on the market in the city, raising a debate on whether its 24-foot ceilings and luxury amenities justify its eyebrow-raising price tag, especially when urban condos are slumping in an otherwise hot…

You're reading that right. Three properties on the Detroit riverfront have been listed for sale for a combined $150 million. Owner Michael Shaya confirmed to me this morning that his properties at 265 Riopelle ($10 million), 600 Woodbridge ($60 million) and 1000 Woodbridge ($80 million) were not,…

U.S. mall values plunged an average 60% after appraisals in 2020, a sign of more pain to come for retail properties even as the economy emerges from pandemic-enforced lockdowns.About $4 billion in value was erased from 118 retail-anchored properties with commercial mortgage-backed securities debt…

U.S. home sales unexpectedly rose in January despite tight inventories boosting house prices.

The Covid-19 lockdown sent the flower market into free fall, but recently, flower prices have been picking up again. Who are the culprits behind this? Our old friends supply and demand, of course!