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Belle Isle Boathouse restoration plan would add public marina, water taxis and restaurants A new development proposal for the Belle Isle Boathouse would create a new welcome center for the Detroit River island, opening it to the public with a new marina and boating options, restaurants, restored event space and expanded areas for nonprofit rowing…

Rise in home prices slows in metro Detroit The steady rise in metro Detroit home prices is slowing, much like the rest of the country. A national measure of prices for August rose 4.2% from a year earlier, according to data from S&P CoreLogic Case-Shiller, smaller than the 4.8% increase in July. A similar trend…

Surging mortgage rates threaten housing market momentum For a brief moment, it looked like U.S. homebuyers would finally catch a break. The housing market was beginning to thaw as mortgage rates fell in September to a two-year low. But in the past few weeks, borrowing costs have surged, by one measure even crossing 7% and…

Homeowners who bought just before pandemic are $158,000 wealthier, study finds People who took advantage of historically low interest rates to buy homes right before the COVID-19 pandemic began in early 2020 have seen their wealth grow by about $32,000 annually over the last five years — even when taking the cost of home ownership…