Supply/Demand/Prices

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AP FACT CHECK: House GOP falsely blames Biden for gas prices
AP FACT CHECK: House GOP falsely blames Biden for gas prices
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.
derek68·apnews.com·
AP FACT CHECK: House GOP falsely blames Biden for gas prices
Real Estate Insider: With city's teeth bared, Ilitches meeting Hotel Eddystone redevelopment deadlines
Real Estate Insider: With city's teeth bared, Ilitches meeting Hotel Eddystone redevelopment deadlines
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 &…
derek68·crainsdetroit.com·
Real Estate Insider: With city's teeth bared, Ilitches meeting Hotel Eddystone redevelopment deadlines
Fairlane Town Center value plunges by more than 50 percent
Fairlane Town Center value plunges by more than 50 percent
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…
derek68·crainsdetroit.com·
Fairlane Town Center value plunges by more than 50 percent
Metro Detroit home sales pace: on fire
Metro Detroit home sales pace: on fire
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…
derek68·crainsdetroit.com·
Metro Detroit home sales pace: on fire
Question of the Day: What percent of homebuyers in Nov/Dec 2020 made an offer on a house they hadn't seen in person? - Blog
Question of the Day: What percent of homebuyers in Nov/Dec 2020 made an offer on a house they hadn't seen in person? - Blog
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.
derek68·ngpf.org·
Question of the Day: What percent of homebuyers in Nov/Dec 2020 made an offer on a house they hadn't seen in person? - Blog
High expectations: Detroit's priciest condo hits the market
High expectations: Detroit's priciest condo hits the market
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…
derek68·crainsdetroit.com·
High expectations: Detroit's priciest condo hits the market
No, the $150 million asking price for Detroit riverfront properties is not a typo
No, the $150 million asking price for Detroit riverfront properties is not a typo
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,…
derek68·crainsdetroit.com·
No, the $150 million asking price for Detroit riverfront properties is not a typo
'Eye-popping decline' in U.S. mall values
'Eye-popping decline' in U.S. mall values
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…
derek68·crainsdetroit.com·
'Eye-popping decline' in U.S. mall values
Loves Furniture went bust. Then its HQ landlord jacked up its asking price.
Loves Furniture went bust. Then its HQ landlord jacked up its asking price.
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…
derek68·crainsdetroit.com·
Loves Furniture went bust. Then its HQ landlord jacked up its asking price.
StockX grows with sales of elusive gaming consoles PS5, Xbox
StockX grows with sales of elusive gaming consoles PS5, Xbox
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…
derek68·crainsdetroit.com·
StockX grows with sales of elusive gaming consoles PS5, Xbox
Michigan Christmas tree sellers see early bump in sales amid pandemic
Michigan Christmas tree sellers see early bump in sales amid pandemic
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…
derek68·crainsdetroit.com·
Michigan Christmas tree sellers see early bump in sales amid pandemic
A 'Sneakerhead' Shares His Simple Strategy: Buy Low and Sell High - KWHS
A 'Sneakerhead' Shares His Simple Strategy: Buy Low and Sell High - KWHS
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 […]
derek68·kwhs.wharton.upenn.edu·
A 'Sneakerhead' Shares His Simple Strategy: Buy Low and Sell High - KWHS
Law of Demand, Law of Supply Summary Sheet - Google Docs
Law of Demand, Law of Supply Summary Sheet - Google Docs
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...
derek68·docs.google.com·
Law of Demand, Law of Supply Summary Sheet - Google Docs