News

Small Midwestern cities dominate hot home markets — and Ann Arbor’s is downright ‘scary’ In late February, a 4,000-square-foot home on the east side of Ann Arbor listed for $850,000. Barely three weeks later, the house had sold for $1.1 million, a roughly 30% premium. Such activity is becoming the norm in the Southeast Michigan…

Detroit’s largest home headed to auction The Bishop Mansion, believed to be the largest single residence in Detroit, will head to an auction process next month.  After a year on the market without a sale, the property in Detroit’s exclusive Palmer Woods neighborhood that’s been home to leading religious figures and pro basketball stars has been pulled…

There’s a new step in the homebuying process, and it won’t be free The lead-up to buying a house is going to start differently, with house hunters and brokers sitting down together to talk about money before they go look at homes, the National Association of Realtors announced Friday. The change, which all brokers must…

Are NFL Draft visitors saying nice things about Detroit? Detroit showed out for the 2024 NFL Draft on the first day Thursday — and crushed not only attendance records but also stigmas many visitors had about the city. Detroit isn’t as bad as he expected, said San Francisco 49ers fan Mark Castanon, a first-time visitor…