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Development potential emerges for Bedrock as Wayne County moves out of downtown jails The end is nigh for Wayne County’s aging criminal justice complex in downtown Detroit. In less than two weeks or so, the county is expected to proverbially turn out the lights on the complex’s four primary components — the Frank Murphy Hall…
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…
Owning a home is a keystone of wealth… both financial affluence and emotional security.