News

30-year mortgage rate eases to lowest level in 15 months The average rate on a 30-year mortgage eased this week to the lowest level in 15 months — welcome relief for home shoppers navigating a housing market that remains out of reach for many Americans. The rate fell to 6.46% from 6.49% last week, mortgage buyer…

Amenities-filled luxury apartment complex opens in West Bloomfield A new apartment complex built on the site of a popular car dealership aims to boost luxury rental living in Oakland County. The Apex — a 212-unit complex at 7020 Orchard Lake Rd. in West Bloomfield — offers amenities including a resort-style swimming pool, EV chargers, a large gym…

With inventory rising and interest rates down, metro Detroit home prices start to level off With interest rates primed for a fall, would-be metro Detroit homebuyers should soon see some relief. While falling mortgage rates help buyers afford more house, what’s more is that two new reports from local real estate organizations show prices are…

Gilbert’s new Cadillac Square development may be pushed back The development effort formerly known as the Monroe Blocks project at Cadillac Square in downtown Detroit is likely to be delayed again.  Dan Gilbert’s Bedrock LLC is expected to ask for what a Detroit Economic Growth Corp. spokesperson called a “short extension” to kick off construction…