The Michigan Emerging Real Estate Trends Report, the regional complement to the National Emerging Trends in Real Estate Report, was released on November 11th at the UM/ULI Real Estate Forum in Detroit. ASTI Environmental sponsored the report and ASTI staff members contributed significantly to the report as authors, graphic designers, and data analysts. 
The Michigan Emerging Trends report provides an in-depth look at the state of Michigan’s real estate marketplace, in both perceptions and real data. The report was created used data provided by the CoStar Group, an extensive survey created by the UM/ULI Forum, and one-on-one interviews with a variety of leading professionals in the real estate field. The report found that, regionally, the general outlook for the Metro Detroit and West Michigan continues to be strong. While the rest of the State’s regions were seen less favorably, specific cities within these regions were singled-out as bright spots in otherwise merely fair markets. Multi-family residential prospects were overwhelmingly positive, with general construction and financing also experiencing a growth trend. Michigan’s unemployment rate is now, finally, below the national average, although the median household income has not recovered. 
The report reveals that Michigan is recovering, both in perception and in real data. However, the recovery is slower than expected and perception of recovery is stronger than actual recovery. Michigan’s economy is not yet to the point of growth, but it is recovering and the outlook is optimistic for the coming years.