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Existing-Home Sales Surged in February, Ending 12-Month Streak of Declines

WASHINGTON — Existing-home sales reversed a 12-month slide in February, registering the largest monthly percentage increase since July 2020, according to the National Association...

Lawmaker Wants Different Property Tax Assessment on Big Box Stores

New legislation being proposed by a Michigan lawmaker would change the way the state would calculate tax obligations for big box stores.

Study: Housing-Related Sectors Soften, Experiential Spending Drives Growth

PURCHASE, N.Y. (Business Wire) — According to Mastercard SpendingPulse, U.S. retail sales excluding automotive increased +11% year-over-year in September. E-commerce sales continue to grow, up +10.7%...

Expert: Housing Slowdown Deepens in June and July; Housing to Drag on GDP

• Existing home sales fell more than expected in June, with the largest decline in the West, where affordability is most stretched. • Home sales...

Greektown Casino-Hotel in Detroit to be Renamed

Penn National Gaming, the Greektown Casino-Hotel operator announced on Monday the complete $30 million renovation would be completed soon.

Abandoned Fisher Body Building Would Be Converted to Residential, Retail Under New Plan

Developers would give a facelift, new purpose to long-abandoned Fisher Body Plant No. 21.

Study: Housing Index Shows Renting Beats Buying in Eight Major U.S. Markets

BOCA RATON Fla., Dec. 09, 2021 (GLOBE NEWSWIRE) — As the cost of housing continues to soar, deciding whether to buy a home or...

Rocket Mortgage, Salesforce Partner to Provide Mortgage Services

Rocket Mortgage and Salesforce announced a partnership to provide what officials call "transformational" mortgage services.

Economists: Leading Index Slowed, Home Sales Accelerated in September

The Conference Board’s U.S. Leading Economic Index for September increased by a modest 0.2 percent. This was the slowest gain since the index went...

Prentice 4M Opens First Ann Arbor Co-Living Development

Two real estate developers have created the first hybrid working/living space in Ann Arbor.

Report: Metro Detroit Office Market Struggling, Should Be Better in 2021

While the pandemic had a negative impact on office space availability in 2020, experts expect a rebound in 2021.

Developers Break Ground on Plan to Turn Detroit’s Transfiguration School into Affordable Housing

The recently announced $7.2 million renovation of the former Transfiguration School in the Banglatown neighborhood that will see the historic building turned into affordable housing has kicked off.

Expert: Tenants, Landlords Should Talk Openly about Shifts in Space Needs Before Issues Occur in 2021 or Beyond

Business owners should prepare before opening an honest, professional conversation with their landlords about space needs.

Annual Housing Outlook Offers Top Real-Estate Trends to Watch in 2021

Despite the ongoing challenges presented by the coronavirus pandemic, Real Estate experts are feeling largely optimistic about housing trends as 2021 begins.

Real Estate Market Trends Show No Slowdown as Low Mortgage Rates and Mild Weather Keep Home Buyers Busy

Experts say the Southeastern Michigan residential housing market is going strong, with home sales moving forward due to a variety of incentives.

Apartment Rental Rates, Interest Climb as People Continue to Look to Cut Housing Costs

Single-family homes are going gangbusters, according to real estate experts, but apartment rental rates — and the demand for them — are inching up.

Residential, Condo Real Estate Grows Again in October While Hotels Struggle

Homes are selling more quickly and staying on the market for much less time, according to real estate experts. Hotels, they say, are a different story.

Michigan Developers Continue to Break Ground, Revitalize Parks and Build New Residential Projects

The pandemic has slowed, but not stopped, a variety of building and revitalization projects around the state.

Report: Metro Detroit Office, Industrial Spaces Still Seeing More Vacancies Due in Part to Work-at-Home Shift

With so many companies shifting to work-at-home mode, researchers found more and more office and industrial real estate spaces coming open.

Bedrock Unveils Retail, Residential Renovation in Former Freep Building

Detroit-based Bedrock used a media tour Wednesday to unveil the retail and residential renovations it has made in the former Free Press building on W. Lafayette.

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