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Detroit launches $7M second round of down payment assistance Detroit Mayor Mike Duggan and other officials on Thursday officially rolled out the second round of down payment assistance for some would-be homebuyers in the city. The second funding round was announced in December following a $12 million first round that city officials say was used to support 434…
Work begins on long-delayed Commerce Township retail center Developers are breaking ground this summer on a long-delayed retail and residential center in Commerce Township. Robert B. Aikens & Associates, the development team behind the Five & Main retail “lifestyle center,” announced it has started $4 million in infrastructure work on a 45-acre site at M-5 and Pontiac…
30-year mortgage rate slips to lowest in 3 months The average rate on a 30-year mortgage loan eased again this week, extending a welcome trend for prospective homebuyers facing record-high home prices. The rate fell to 6.86% from 6.87% last week — the lowest level in about three months, mortgage buyer Freddie Mac said Thursday….
Billionaire Ross’ company to co-develop Ann Arbor affordable housing project A division of billionaire Stephen Ross’ real estate company Related Cos. has been selected to co-develop a new mixed-income, high-rise apartment tower in downtown Ann Arbor. Chicago-based Related Midwest will co-develop with the Ann Arbor Housing Commission a dual-tower project on a site currently used…
Owning a home is a keystone of wealth… both financial affluence and emotional security.