The Michigan economy is a leader in various areas like automobile industry, information technology and life sciences. The cottages are selling at a good rate and this is also good news for Michigan real estate agents. The hot housing spots in Bloomfield Hills, Oakland County, Michigan is the sports lake property. First time buyers are the potential buyers of real estate in Bloomfield Hills. Michigan’s Night clubs, great bars and restaurants and night club games like Lottery and Casinos are the major attraction for tourists and localities. Property taxes are levied on two types of property in the State of Michigan, "real property" (land and buildings) and “personal property” (machines, equipment, furniture, fixtures, and signs used by businesses). Every property has three values- Assessed Value, State Equalized Value (SEV) and Taxable Value. Some sites offers information on USA real estate and the listings for real estate agents, brokers, and for those willing to buy-sell properties.