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Downtown library branch near Hudson’s site to reopen within a year Detroit’s Downtown Development Authority on Wednesday unanimously approved up to $3 million in funding to cover the costs to update and reopen the Rose and Robert Skillman Branch of the Detroit Public Library. Sitting in the shadow of the Hudson’s Detroit development at 121…
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…
Owning a home is a keystone of wealth… both financial affluence and emotional security.