Supply/Demand/Prices

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!

A look inside the pricing playbooks used by dozens of unicorn companies with Pete Flint and Madhavan Ramanujam.

The former Art Van Furniture headquarters property in Warren has been listed for sale for $65 million. That's an eye-catching number because just a few weeks before, its new tenant, Loves Furniture Inc., filed for Chapter 11 federal bankruptcy protection, the property was listed for $53.9 million…

‎Show Think Like An Economist, Ep Equilibrium - Balance in a Busy World - Sep 21, 2020

Consumers seeking a recently released Microsoft Xbox Series X or Sony PlayStation 5 gaming console are mostly out of luck as the systems are in scarce supply. But for those willing to pony up the cash, they can find one on the StockX e-commerce platform. The Xbox and PS5 were the fourth and…

The coronavirus pandemic has had a negative affect on many industries but one seasonal business, particularly in Michigan, is seeing a major boon.Christmas tree sales so far this holiday season have hit unprecedented levels, according to a survey conducted by the Michigan Christmas Tree Association…

Over the past two weeks, Ford began delivering its much-anticipated 2021 F-150 pickups to dealerships.

Update: We were excited to see Srijan featured in 2019 in this YouTube video . Thanks for first sharing your story with us, Srijan! Srijan Sharma responded to our recent outreach for student entrepreneurship stories by contacting us to say, “I would love to share my experiences maintaining my online business with the readers of the […]

DEMAND LAW OF DEMAND “More of a good will be bought the lower its price, less will be bought the higher its price, ceteris paribus.” Law of Demand implies that there is an INVERSE relationship between P, Qd – other things staying the same: What would affect your willingness or abil...

Independent Institute Research Fellow Art Carden on the economics behind price gouging.

Prices for cleaning products went gangbusters this year pic.twitter.com/BbO9kJJsCz— Morning Brew ☕️ (@MorningBrew) November 14, 2020

Why Supreme is so expensive pic.twitter.com/CUUMEhIWba— Business Insider (@businessinsider) October 31, 2020

Slightly more than half of Americans say they are stockpiling food or plan to because of fears of a COVID-19 surge and unrest around the election.

Can patients be coached to ask the right questions to doctors about treatment costs when they are seeking cancer treatment?Lauren Hamel, a researcher in population health and assistant professor in oncology at Wayne State University School of Medicine, felt they could ask better questions and also…

After months of President Trump calling on the Postal Service to increase prices for commercial customers, the agency has agreed to seek rate hikes.

Buyers are rushing to get more living space as the pandemic continues. But many potential sellers are keeping their homes off the market, resulting in the worst drought on record of previously owned homes for sale.