2016 was a year that left many with whiplash, those in the housing market included. Svenja Gudell, chief economist at real estate data firm Zillow, reflected, “If the expectation was that the market would transition smoothly from deep red hot recovery to normal — that certainly didn’t happen.” Despite all the changes, a recent Forbes […]
Buy a house, rent an apartment, lease a warehouse, or build a factory. They each respond to the same economic forces: historically favorable interest rates, low supply, high demand and opportunity. In the Lansing area, industrial properties fulfill many functions and support more than 19,000 on-site jobs. They include facilities for manufacturing, distribution, storage, research […]
One of the issues we have been following closely at the Lansing Regional Chamber of Commerce (LRCC) is the Lansing City Council’s work to adopt an updated medical marijuana licensing and zoning ordinance. Since the passage of the 2008 voter approved law that allows marijuana use for medical purposes, a grey area has formed in […]
Mordechai Kreinin, 87, has taught at Michigan State University since 1956. An economist and author, he has served as a consultant for the U.S. State Department, the United Nations and the Brookings Institution. You’ve spent more than 60 years on the Michigan State University faculty. It’s a very different institution than when you started here […]
To finance the services rendered to the public the government collects taxes. Unfortunately, the study of taxation requires many numbers. But it will be made here as simple as possible. The federal government relies mainly on the personal income tax, which is a tax levied on peoples’ income (we are all familiar with the […]
Each month the GLBM team takes a trending news topic and breaks it down visually. This breakdown helps to better explain the content and gives insight into the intricacies and details of news that affects our community. This month’s topic: The Real Estate Industry.