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Developer tests the market with 23 new home sites near Indian Village Among the first new speculative homes built at scale in Detroit in decades, sales are underway at a new-build development on the city’s east side. Detroit-based multi-family apartment developer Greatwater Opportunity Capital LLC is now venturing into the for-sale side of the real estate business…
Automation supplier plots new HQ in Oakland County Convergix Automation Solutions is planning to expand with a new Auburn Hills headquarters in a space abandoned by an automotive plastics and foam supplier in bankruptcy. The automation company will move from its base in Troy to a building two-thirds larger at 800 Standard Parkway, bringing it…
Mortgage rates drop for the first time in 6 weeks Mortgage rates in the U.S. fell this week, switching direction after five weeks of increases. The average interest rate for a 30-year, fixed loan was 7.09%, down from 7.22% last week, Freddie Mac said in a statement Thursday. Homebuyers are getting a bit of a…
Metro Detroit hovers near the top for fastest-rising home prices in U.S. Home prices continue rising quickly in Southeast Michigan amid a shortage of inventory and a rise in bidding wars for what is on the market. In February, home prices in metro Detroit grew 8.9% from one year earlier, far outpacing the U.S. national…
Owning a home is a keystone of wealth… both financial affluence and emotional security.