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Finding a home in metro Detroit is tough. It’s even tougher in top school districts. Minimal inventory continues to present challenges for the Southeast Michigan housing market, and it’s even more pronounced in sought-after school districts. Housing inventory in metro Detroit and beyond has been tight for years, particularly in the wake of the super-low…

Albert Kahn-designed downtown building gets new ownership in $2.5M sale The Tremonti Building in downtown Detroit has a new owner. Jim Pappas paid $2.5 million for the empty Albert Kahn-designed building at 426 Clinton St. just off of Gratiot Avenue, according to the broker involved in the deal. The deal was brokered by Farmington Hills-based…

Mortgage rates slip to 2025 low Mortgage interest rates in the United States fell for a fourth straight week, hitting the lowest point for this year. The average for 30-year loans was 6.87%, down from 6.89% last week, Freddie Mac said in a statement. A year ago at this time, the 30-year fixed-rate mortgage averaged…

Detroit federal building could be targeted for sale under Musk’s DOGE plans A Trump administration effort to reduce government spending may result in federally-owned property in Detroit and elsewhere being sold off. The Patrick V. McNamara Federal Building at 477 Michigan Ave. is among those General Services Administration, or GSA, owned buildings that are deemed…