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Mortgage rates drop for 4th week amid anxiety over economy Credit: David McNew/Getty Images via BloombergWhile mortgage rates are down from recent highs, they’re still stubbornly close to 7%, and many economists say prospective buyers need more incentives. Mortgage rates in the U.S. fell for a fourth straight week, dropping to the lowest rate since…
Metro Detroit is back near the top for accelerating home prices Credit: BloombergWhile there are more homes on the market, prices in metro Detroit still surged in April from a year ago. Metro Detroit is again near the top in the nation for home price appreciation. The monthly S&P CoreLogic Case-Shiller Indices released this week…
BMW motorcycle dealership goes big with new store Credit: JJV Design/BuildA rendering of BMW Motorcycles of Southeast Michigan’s planned new location in Livonia. BMW Motorcycles of Southeast Michigan plans to relocate to a longtime vacant former restaurant building in Livonia and, according to dealership President Charlie Knoll, create the largest independent BMW motorcycle dealership by…
StockX co-founder lists Indian Village mansion built for famed architect Credit: Lux Partners GlobalThis Neo-Renaissance estate mansion in Detroit’s historic Indian Village was built between 1915 and 1917. A Detroit mansion built for an architect known for some of the jewels of the city’s skyline is hitting the market today. Built more than a century…
Owning a home is a keystone of wealth… both financial affluence and emotional security.