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Empty nesters dominate metro Detroit’s market for larger homes When it comes to the generational breakdown of who owns large homes in the U.S., empty nester baby boomers dominate the market, and metro Detroit is no exception. Nationwide, empty nesters between the ages of 58 and 76 years old own about 28% of large homes…

Mortgage rates drop to lowest level since May Mortgage rates in the U.S. fell after two weeks of increases, dropping to the lowest level in almost eight months. The average for a 30-year, fixed loan was 6.6%, the lowest since May and down from 6.66% last week, Freddie Mac said in a statement Thursday. The…