Detroit's expensive rent problem worsened during Covid and may not improve until 2024
The number of people paying too much on rent rose during the pandemic for the first time in a decade in Detroit. It could take years before the stabilize.
The number of people paying too much on rent rose during the pandemic for the first time in a decade in Detroit. It could take years before the stabilize.
Housing, rent prices soar amid rising inflation
Buying a home may be harder than ever now. New data shows the average rate for a 30-year fixed mortgage exceeded 6% this week, the highest level since 2008 - more than twice what it was a year ago. But some may still see the value in owning, over renting.
Buying a home may be harder than ever now. New data shows the average rate for a 30-year fixed mortgage exceeded 6% this week, the highest level since 2008 - more than twice what it was a year ago. But some may still see the value in owning, over renting.
Median U.S. home price exceeds $400K for 1st time, report finds
Home prices are continuing to climb, based on newly released data from the National Association of Realtors. Here are some of the most expensive cities to live.
Home prices are continuing to climb, based on newly released data from the National Association of Realtors. Here are some of the most expensive cities to live.
Ann Arbor neighborhood to be 100% 'net-zero,' run on solar power and geothermal energy
The Veridian at County Farm will be the first neighborhood in the country to run on renewable power. The home prices up for grabs run from almost a million dollars to $185,000. Affordable options are expected to follow.
The Veridian at County Farm will be the first neighborhood in the country to run on renewable power. The home prices up for grabs run from almost a million dollars to $185,000. Affordable options are expected to follow.
This is how much money you need to make per hour to afford rent in Michigan
The cost of living continues to rise - this isn't new - but how much do you need to make per hour to afford a two-bedroom rental in Michigan? A lot more than minimum wage.
The cost of living continues to rise - this isn't new - but how much do you need to make per hour to afford a two-bedroom rental in Michigan? A lot more than minimum wage.
Detroit awarded $38M in tax credits for affordable housing units
The City of Detroit has been awarded almost $40 million in grants to help build affordable housing - a large portion of that will be used converting a high school into apartment units.
The City of Detroit has been awarded almost $40 million in grants to help build affordable housing - a large portion of that will be used converting a high school into apartment units.
Detroit demolishing blighted homes across from Fisher Body Plant
By the end of the day Thursday, the corner block of Harper and Beaubien in Detroit will look like a completely different city.
By the end of the day Thursday, the corner block of Harper and Beaubien in Detroit will look like a completely different city.
Michigan offers $10K for downpayment for first-time homebuyers
As home prices skyrocket, Michigan is offering downpayment assistance to most first-time homebuyers. Here's how to qualify.
As home prices skyrocket, Michigan is offering downpayment assistance to most first-time homebuyers. Here's how to qualify.
Wayne County ranks dead last in both health outcomes and conditions among Michigan counties, study finds
But residents need only go north on Woodward or west on I-94 to find some of the healthiest places in the state. The new rankings show the impacts of health disparities.
But residents need only go north on Woodward or west on I-94 to find some of the healthiest places in the state. The new rankings show the impacts of health disparities.
Royal Oak Planning Commission approves demolition of Main Art Theatre
A mixed-use development plan to build residential and commercial properties would take the place of the historic 81-year-old theatre.
A mixed-use development plan to build residential and commercial properties would take the place of the historic 81-year-old theatre.
Detroit's Grande Ballroom up for sale for $5 million
A $5 million price tag was stuck on the iconic Detroit venue, which hosted every artist from Iggy Pop and Ted Nugent to Led Zeppelin.
A $5 million price tag was stuck on the iconic Detroit venue, which hosted every artist from Iggy Pop and Ted Nugent to Led Zeppelin.
Blighted United Artists Building in Detroit slated for $75 million housing project
Opening in late 2023, the building will be renamed the Residences @ 150 Bagley, and come with 148 new apartments.
Opening in late 2023, the building will be renamed the Residences @ 150 Bagley, and come with 148 new apartments.
Wayne County judge halts foreclosures for certain owner-occupied homes
Anyone with back taxes on their property later than 2016 will have their potential foreclosure halted until March of 2023.
Anyone with back taxes on their property later than 2016 will have their potential foreclosure halted until March of 2023.
Wayne County property tax foreclosure deadline nearing: What to know for those behind on payments
On March 31, all homes in Wayne County with back taxes will be foreclosed and the title transferred to the treasurer's office. Several options are available to those struggling to make payments.
On March 31, all homes in Wayne County with back taxes will be foreclosed and the title transferred to the treasurer's office. Several options are available to those struggling to make payments.
Michigan homeowners can get help with mortgage payments
Michigan residents who are behind on monthly bills including mortgage and utilities can get grants from the state of Michigan's Homeowner Assistance Fund.
Michigan residents who are behind on monthly bills including mortgage and utilities can get grants from the state of Michigan's Homeowner Assistance Fund.
Airbnb hosts in rural Michigan counties earned $55 million in 2021, data shows
Despite Southeast Michigan having the vast majority of the state's population, no counties in the region came close to earning the most from Airbnb rentals.
Despite Southeast Michigan having the vast majority of the state's population, no counties in the region came close to earning the most from Airbnb rentals.
Former Detroit Catholic school being converted to affordable housing
It will feature 19 units with no residents paying more than 30% of their income on rent.
It will feature 19 units with no residents paying more than 30% of their income on rent.
Detroit woman who heated home with stove and burners surprised with new appliances
Herrietta O'Neil was using her stove to warm her home when her story first aired. At least one person listening had just the idea to remedy the situation.
Herrietta O'Neil was using her stove to warm her home when her story first aired. At least one person listening had just the idea to remedy the situation.
Ferndale named in top-10 best markets for first-time homebuyers in 2022
First-time homebuyers in their 20s and 30s could do a lot worse than making their first purchase in the Oakland County-based city.
First-time homebuyers in their 20s and 30s could do a lot worse than making their first purchase in the Oakland County-based city.
"Shorts or boxers?": Riding with Motor City Mitten Mission
For the last two months, FOX 2 joined Motor City Mitten Mission - a homeless services group - on several outreach sessions around Detroit, documenting the delivery of food and clothes while the group connected clients with housing services and treatment.
For the last two months, FOX 2 joined Motor City Mitten Mission - a homeless services group - on several outreach sessions around Detroit, documenting the delivery of food and clothes while the group connected clients with housing services and treatment.