Real Estate & Properties

Explore the latest developments in the Detroit, MI real estate and properties market, where you can find comprehensive news and updates tailored for homebuyers, sellers, and investors. This dynamic category covers a range of topics including housing trends, market analysis, property valuations, and neighborhood insights. Stay informed about new construction projects, foreclosure listings, and the evolving landscape of residential and commercial real estate in Detroit. With valuable resources and expert opinions, this news hub is designed to empower you with the knowledge needed to navigate the local market effectively.

Dive into the robust Detroit real estate scene, featuring updates on economic influences, zoning changes, and community developments that impact property values. Discover tips and strategies for buying and selling homes, as well as insights on rental properties and investment opportunities. Whether you are looking to relocate to the Motor City or enhance your real estate portfolio, this category provides essential information on Detroit’s diverse neighborhoods, local amenities, and emerging trends. Stay connected with the latest news to make informed decisions and seize opportunities in the vibrant Detroit, MI real estate market.

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Street scene in Ann Arbor featuring new businesses.
Business News

Ann Arbor Welcomes 19 New Businesses

Ann Arbor, January 4, 2026 In 2025, Ann Arbor has welcomed 19 new businesses, ranging from dining to retail services, enhancing its economic landscape. Notable newcomers include Ma Lou’s, Bao Space, and Slim Chickens, alongside retail outlets like Van Boven Shoes and Antelope Antiques and Coins. These establishments cater to diverse

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Interior of Rock & Brews restaurant in Royal Oak, Michigan
Business News

Rock & Brews Restaurant Opening in Royal Oak, Michigan

Royal Oak, Michigan, January 3, 2026 Rock & Brews, the rock-themed dining establishment co-founded by KISS members, is set to launch its first Michigan location in Royal Oak. Scheduled to open on March 2, the restaurant will combine a unique culinary experience with locally sourced ingredients, offering classic bar fare such

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Illustration of Michigan's minimum wage increase theme with coins and scales.
Business News

Minimum Wage Increase in Michigan to $13.73 Per Hour

Detroit, Michigan, January 2, 2026 Effective January 1, 2026, Michigan will raise its minimum wage to $13.73 per hour, up from $12.48 per hour, as part of a plan to reach $15.00 by 2027. The minimum wage for minors will increase to $11.67, and tipped employees will see their rate rise

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Street view of new and closed businesses in Mid-Michigan.
Business News

Mid-Michigan Experiences Significant Business Openings and Closures

Mid-Michigan, January 1, 2026 Mid-Michigan’s business landscape saw a wave of changes, with 29 establishments opening and closing in 2025. Highlights include the opening of Orange Market and Inn at Stonecliffe, while Lakeside Mall’s permanent closure marked a significant shift in the area’s retail scene. These developments reflect the evolving economic

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Urban scene depicting Detroit's local businesses and community interaction.
Business News

Detroit Residents Face Higher Taxes and Minimum Wage Increases

Detroit, January 1, 2026 Starting January 1, 2026, Michigan residents will experience a series of increases in taxes, particularly on gasoline and recreational marijuana, alongside a rise in the minimum wage. The gasoline tax will rise by 20 cents, totaling 51 cents per gallon, while a new 24% tax on marijuana

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City skyline of Detroit representing economic growth and challenges.
Business News

Federal Reserve Cuts Interest Rates Amid Internal Divisions

Detroit, December 31, 2025 The Federal Reserve has decided to cut interest rates by a quarter-point to 3.6%, reflecting internal divisions within the Federal Open Market Committee. This reduction highlights the balancing act between addressing inflation and a weakening labor market. Local entrepreneurs in Detroit might see this as an opportunity

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Deserted retail store in Michigan with closed signs
Business News

Multiple Michigan Retailers Announce Store Closures by 2026

Michigan, December 30, 2025 The retail landscape in Michigan is undergoing significant changes as several major retailers, including Macy’s and Kroger, announce plans to close multiple stores by 2026. This trend reflects shifting consumer behaviors and economic conditions. While these closures present challenges, they also open doors for local entrepreneurs. As

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Detroit Red Wings player scoring the overtime goal against the Maple Leafs
Business News

Detroit Red Wings Triumph in Overtime Against Maple Leafs

Detroit, Michigan, December 29, 2025 In an exhilarating match, the Detroit Red Wings achieved a 3-2 overtime victory over the Toronto Maple Leafs. Simon Edvinsson’s game-winning goal just 1:46 into overtime secured the win, marking their impressive 3-0-0 season record against Toronto. With this victory, the Red Wings have now won

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Networking event at Detroit Shipping Company with restaurateurs
Business News

Detroit Restaurateurs Gather for Accelerate Event

Detroit, MI, December 28, 2025 Around 30 restaurateurs and industry professionals convened at the Detroit Shipping Company for a networking event organized by What Now Media Group. The Accelerate event focused on fostering connections and showcasing services tailored for the hospitality industry. Attendees were able to share insights and enjoy a

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A beautiful residential area in Detroit showcasing various homes.
Business News

Mortgage Rate Declines to 6.18% – What It Means for Detroit

Detroit, December 25, 2025 The average rate on a 30-year mortgage in the U.S. has decreased to 6.18%, which bodes well for homeownership in Detroit. This reduction from 6.21% last week signifies a movement toward greater affordability, encouraging local entrepreneurs to invest in properties. Although the housing market faces challenges, the

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