Your guide to real estate, dining, and housing in the Detroit Metro

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Whether you’re looking to relocate to a Detroit neighborhood, get help with eventual housing, or take in the grandeur of the city’s finest architecture, we’ve got you covered.

This list of resources and the latest real estate news in Detroit will be updated throughout the summer. Check back as we add more coverage!

For home buyers

Detroit Nonprofits Join Forces to Increase Homeowner Services

Supported by an investment of $ 2.2 million, a group of six Detroit-based nonprofits came together to create the Detroit Housing Network, an effort to strengthen housing stability and home ownership. affordable property in the city. Residents will be able to request help through an online portal at detroithousingnetwork.org.

Michigan Lawmakers Pass Bills to Help First-Time Home Buyers

First-time home buyers would be allowed to save for their purchase costs by using a tax-exempt savings account under bills passed by the Michigan legislature, a measure designed to keep residents in the city. state workforce.

It’s tough being a Michigan home buyer right now – and the new construction isn’t helping much [For subscribers]

The demand for homes in the Detroit subway is higher than ever, the inventory supply is very low, and selling prices are at record levels. And those same market conditions essentially existed before COVID-19, only to be amplified during the frantic year since the arrival of the pandemic. So where is the new housing construction to meet this white-hot demand?

What it was like to buy, sell, build a house in Michigan in the midst of a pandemic [For subscribers]

Some buyers may have moved in 2020 amid the COVID-19 pandemic. For others, factors beyond their control have delayed their dreams of relocation.

Variable rate mortgages might not be the deals you think they are

As tempting as it may be to save a few dollars a month now by switching to an adjustable rate mortgage, consumers still have to do their homework in this ultra-low rate environment.

Building Materials and Lumber Costs Are Soaring in Michigan: Here’s Why [For subscribers]

Homeowners, tired of being locked up for months during the pandemic, are eager to renovate. With low mortgage rates, thousands of extra dollars in buyers’ pockets thanks to stimulus checks and increasing demand, why is this market facing a slump?

William Marquez and Mahja Zeon pose for a portrait with their two-year-old daughter Nyla in the backyard of their newly purchased home in the Historic Boston-Edison District on Monday, December 15, 2020 in Detroit.

Detroit Loans Easier To Get: Rising Prices Makes Mortgage Lenders Comfortable [For subscribers]

Home selling prices are rising rapidly in some areas of the city of Detroit, making it easier for ordinary buyers to finally get a mortgage and not rely on cash transactions or risky land contracts.

The Historical Society of Michigan created these plaques to honor historically significant homes that are at least 100 years old.

Historic Real Estate in Detroit

Historical Society of Michigan creates program to preserve historic homes, communityYes

The Michiganders who restore great old houses that were built 100 or more years ago now have another way of seeing their efforts recognized.

The city of Detroit received a $ 30 million HUD grant to add more mixed-income housing and improve neighborhood conditions in the Corktown area.

Detroit receives $ 30 million HUD grant to improve Corktown housing and neighborhood [For subscribers]

Detroit was one of five cities across the country selected by HUD to receive $ 160 million in neighborhood improvement grants to redevelop distressed housing, strengthen social services and improve public spaces in neighborhoods.

Neighborhood restoration in Detroit

Neighborhood improvement and poverty alleviation among priorities for Detroit’s $ 400 million rescue fund

Millions of dollars are expected to be distributed across Detroit as of July 1, Mayor Mike Duggan said at a community meeting on where $ 413 million in funds related to the COVID-19 pandemic will be distributed.

The West Boston Apartments, on the outskirts of the Boston-Edison neighborhood in Detroit, have been listed for sale and are expected to become market rate rentals.  With help from the Detroit Housing for the Future Fund, the developer of the complex will renovate and preserve it as affordable housing for years to come.

Home Sweet Home? These organizations want to help the people of Detroit make sure they can have one [For subscribers]

Having a home of your own – whether you own or rent it – is not just a point of pride, it helps uplift the whole community, which is why PNC Bank, the City of Detroit and LISC Detroit strive to helping more people in Motor City have access to affordable housing.

Housing Experts: “Massive Awareness” Needed to Make Gilbert’s $ 15 Million Property Tax Donation a Success

Billionaire couple Dan and Jennifer Gilbert pledge to invest $ 500 million over the next decade in Detroit neighborhoods, starting with $ 15 million to eliminate the property tax debt of 20,000 Detroit homeowners .

United Artists Theater building in Detroit, as it appeared in May 2019.

Michigan Real Estate Plans

Cost of redevelopment of United Artists Theater building owned by Ilyich increases by $ 12 million

The redevelopment of the long-vacant 18-story United Artists Theater building in downtown Detroit into nearly 150 apartments moves forward again after delays and cost increases resulting from the COVID-19 pandemic

Michigan can override local laws prohibiting short-term rentals. Is it a godsend or a slippery slope? [For subscribers]

Lawmakers are considering a ban on ordinances that stop Airbnbs and similar rentals by zoning. It aroused strong reluctance on the part of local leaders.

This is one of the largest homes for sale in Southeast Michigan

A great Detroit sports figure built this Bloomfield Township mansion in 1995, including a basketball half court with an observation room.

B & Bs closing and for sale across Michigan: why owners want to move out [For subscribers]

Is the pandemic responsible for the woes of Michigan bed and breakfasts? Not completely, but it certainly didn’t help.

There has been a surge in interest in UP vacation properties during the COVID-19 pandemic.  This cabin, listed $ 249,900, is 15 miles from Marquette, has views of Lake Superior and is available through Northern Michigan Land Brokers

UP Vacation Home Prices Are Soaring: What’s Causing The Rise [For subscribers]

The vacation home boom in the North that surprised sellers and potential buyers last summer amid the COVID-19 pandemic has reached the Upper Peninsula, where cottage prices are now on the rise and inventory on hand. are very tight.

The City Club Apartments Midtown development would have three buildings, including this 16-story tower

350 high-end apartments, discount supermarket planned for Midtown Detroit [For subscribers]

Details have emerged of plans to build an upscale apartment tower and possibly a discount supermarket on significant vacant land in Midtown.

The proposed seven-story Godfrey hotel in Corktown would have 277 rooms

Former Detroit Lions building to make way for 227-room boutique hotel in Corktown

The seven-story, $ 74 million Godfrey Hotel would be built at 1401 Michigan Ave., pending demolition of a vacant building that years ago housed the administrative offices of the Detroit Lions and later the City Cab Co .

Contact Minnah Arshad: [email protected] and follow her on Twitter @minnaharshad.

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