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Another metro Detroit mall sold to new ownership in $51M deal Southland Center in Taylor officially has a new owner. The downriver shopping mall at 23000 Eureka Road near Racho Boulevard sold late last month for close to $51.5 million to an entity called Southland Holdings I LLC, staff in the city assessing office said…
Whitmer signs bills loosening mortgage lending restrictions Gov. Gretchen Whitmer signed legislation loosening restrictions on the state’s housing authority to provide mortgages to Michigan residents. House Bill 5032, passed by the state Legislature late last year with some bipartisan support, allows the Michigan State Housing Development Authority to remove 2009-era price caps that limited borrowers using the…
Mortgage rates climb to 7.04% — highest in 8 months Freddie Mac’s measure of mortgage interest rates in the U.S. crossed 7% for the first time since May. The average for 30-year loans rose to 7.04%, up from 6.93% last week, according to a statement Thursday. Borrowing costs have climbed steadily in recent weeks, adding to…
These Wayne County communities saw home sales activity surge in 2024 The cities of Detroit and Dearborn saw big gains in home sales activity last year, according to a new report. The two Wayne County communities stand out, with both far outpacing the broader region in terms of growing median prices and decreasing inventory of…
Owning a home is a keystone of wealth… both financial affluence and emotional security.