Nearly a third of homeowners say they are ‘house poor’ in new survey
The financial strain of having a house has led some homeowners to sacrifice paying for other critical expenses, a recent survey finds.
77 Detroit families get their deeds to houses once owned by Land Bank
The Occupied Buy Back program in Detroit helps individuals who have struggled to own a house finally become homeowners.
As rental market cools, one-third of property managers offer things like free weeks of rent or parking
A new report from Zillow finds that property managers offered incentives on their rental properties in July as rent growth slowed.
San Francisco 1st in U.S. to ban rental-price software
San Francisco is now the first city in the nation to ban the use of a type of software that large landlords use to set rental prices.
Detroit celebrates $1B investment for affordable housing; new units coming to Corktown
Detroit is celebrating a total of $1 billion in investments into affordable housing over the past five years.
Detroit rent ordinance proposal makes it easier to repair homes, penalizes those out of compliance
90% of Detroit rental properties are not in compliance with the city. A major reason is tied to the amount of lead paint found in homes, which is harmful to children.
Biden to propose 5% cap on annual rent increases in bid to slow inflation
The president is expected to announce the pitch Tuesday, which pertain to landlords who own 50 or more units.
Diddy's $70M Los Angeles mansion for sale following Homeland Security raid
Sean "Diddy" Combs is reportedly wanting to cut all ties with Los Angeles.
Study says metro Detroit has the most overvalued housing market in US
Researchers at two Florida universities conducted a study to determined the most and least overvalued housing markets in the U.S. – metro Detroit ranked at the very top.
Round 2 of Detroit's Down Payment Assistance Program now underway
Detroit's Down Payment Assistance Program has helped many families own homes for the first time. And now, applications for round two are open.
Detroit Land Bank mistakenly orders tenants to move out
"It was done in error," according to a statement. "The DLBA will not be taking any action against the property or its occupants."
Bridge Loans - a housing market secret that helps buyers
The low inventory of available homes means potential buyers have to get creative if they plan to set themselves apart from the rest of the field. But newcomers to the market are likely not aware of some of the resources available to them.
Brooke and Bagley housing project unveiled in the shadow of Michigan Central Station
Brooke and Bagley is a mixed-income development with 78 total units. Sixteen of them have been set aside as affordable housing.
Housing affordability is Gen Z's top voting issue, Redfin survey finds
Rising housing costs are making it difficult for first-time buyers to secure a home, an issue concerning young voters ahead of November’s election.
Motor City sees major growth, now 5th leading metro for new Build-To-Rent homes
Across the country build-to-rent homes are having their most successful season on record. A new analysis from RentCafe shows the Detroit metro area nearly doubled its number of build-to-rent houses in just five years. This trend is great for those looking to invest, but it spells trouble for the average Joe.
Top Towns 2024: The best places to live in Metro Detroit
Choosing where you want to live can be a daunting task, whether you're looking to rent or buy, there are factors to consider like crime rates, safety, job market and reputation.
Housing prices in these states will become 'more affordable,’ Redfin CEO says
The Fed’s handling of rate cuts will play a key role in 2024 housing affordability, but according to one expert, certain U.S. states are already seeing "good" signs.
Hudson's site construction hits milestone with final beam installed, name announced
The skyscraper will be the second tallest building in Detroit.
Wayne County resumes foreclosures April 1 on properties with delinquent taxes
Not since the pandemic has Wayne County foreclosed on a home with delinquent property taxes. That's about to change for those who don't have a payment plan in place.
Housing benefits could lure employees back to office, survey shows
Many companies are facing the ongoing dilemma of office versus remote work four years after the pandemic, with a new survey highlighting housing benefits as a potential solution.