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Housing affordability in metro Detroit declines 70% in 4 years The income needed to afford purchasing a home in metro Detroit has increased by 70% in the last four years, according to a new report from online brokerage Zillow Group Inc. While Southeast Michigan remains the most affordable major metropolitan area in the country, per the Zillow…
Marrow owner eager to dig into new Eastern Market project Detroit’s Eastern Market has a long history as a meat production and packing sector and now a woman-owned business is helping to keep that tradition alive. Redevelopment work will start this week on a multi-story, 14,000-square-foot space at 2442 Riopelle St. for Marrow Detroit Provisions,…
Co-working space giant IWG expanding footprint in suburban Detroit, around state A major co-working space company is expanding its footprint in metro Detroit and around the state. Switzerland-based IWG plc has rolled out half of its planned new locations, opening four so far in Southfield, Ann Arbor, Clinton Township and Bloomfield Hills, with four other…
Midtown site near DMC sold to buyer with vision for 2 hotels A developer who has worked on hotels in downtown Royal Oak and elsewhere is taking a swing at Detroit’s Midtown neighborhood. Namou Hotel Group Inc., based in Madison Heights, has purchased a funky-shaped 3.1-acre site immediately across from the Detroit Medical Center with…
Owning a home is a keystone of wealth… both financial affluence and emotional security.