Detroit MI real estate

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Community park in Dearborn showcasing modern recreational facilities and families enjoying the amenities.
Business News

Dearborn Unveils $200 Million Development Plan

Dearborn, Michigan, January 23, 2026 Dearborn’s Mayor Abdullah Hammoud has unveiled a comprehensive $200 million development plan aimed at modernizing infrastructure, supporting local businesses, and enhancing community amenities. The plan includes significant funding for street improvements, water upgrades, and a new recreational splash pad at Morningside Park. Mayor Hammoud emphasized the

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January 23, 2026 11:37 am
The historic Bishop Mansion located in Palmer Woods, Detroit
Business News

AI Innovator Calvin Gee Acquires Bishop Mansion in Detroit

Detroit, January 21, 2026 Calvin Gee, CEO of Engage, has purchased the historic Bishop Mansion in Detroit for $800,000. This 35,029-square-foot estate, once valued at $9 million, symbolizes the potential for revitalization in the city’s economy. Gee plans to transform the mansion into both his residence and a hub for innovation,

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January 21, 2026 11:33 am
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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December 25, 2025 11:33 am
Urban landscape of Detroit showcasing neighborhoods and homes during sunrise
Business News

Mortgage Rates Drop: A Silver Lining for Detroit’s Housing Market

Detroit, MI, December 19, 2025 The recent decline in average U.S. mortgage rates to 6.21% brings new hope for homebuyers and current homeowners in Detroit. This lower rate not only makes payments more manageable but also enhances access to homeownership. Increased home sales and refinancing applications suggest a revitalization in the

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December 19, 2025 11:39 am
Aerial view of upscale homes in Birmingham Michigan
Business News

Birmingham, Michigan: Home to the State’s Most Expensive Homes

Birmingham, Michigan, December 9, 2025 Birmingham, Michigan, is recognized as the most affluent suburb of Detroit, featuring the highest median home prices in the state at approximately $865,434. With its affluent community and desirable neighborhoods, Birmingham offers an upscale living experience. Residents benefit from a high median household income of $153,125

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December 9, 2025 11:34 am
Historic mid-century commercial building under renovation on an urban streetscape with scaffolding and new storefronts
Business News

Arthur Murray Building Redevelopment Brings Housing and Retail to East Warren Corridor

Detroit, Michigan, October 30, 2025 Developer Emery Matthews is leading a $14.9 million redevelopment of the long-vacant Arthur Murray Building on East Warren Avenue, converting the early 1950s structure into 32 apartments and about 7,900 square feet of ground-floor retail. The project aims to provide affordable housing and community-focused commercial space,

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October 30, 2025 11:32 pm
Mid-century dance studio building on E. Warren Avenue under renovation for apartments and retail in Detroit
Business News

Arthur Murray Dance Studio Redeveloped into Affordable Housing and Retail

Detroit, Michigan, October 29, 2025 Construction has begun to convert the historic Arthur Murray Dance Studio on Detroit’s east side into a mixed-use development with 32 residential units and roughly 7,900 sq ft of ground-floor retail. The two-story mid-century modern building will retain its historic façade while being updated for modern

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October 29, 2025 11:32 pm
Aerial view of Detroit neighborhood showing renovated buildings, greenway path with cyclists, parks, streetscaping, and construction indicating infrastructure investment
Business News

Detroit infrastructure investments propel resilience and sustainability

Detroit, MI, October 28, 2025 Detroit is advancing a multifaceted infrastructure strategy to revitalize neighborhoods, expand affordable housing, and boost sustainability. Key moves include a $40 million third phase of the Strategic Neighborhood Fund supported by major philanthropy, a $15 million Affordable Housing Pipeline to convert historic buildings into new units,

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October 28, 2025 11:35 pm
Rendering of proposed AlumniFi Field stadium and community development in Corktown, Detroit
Business News

Detroit City FC Finalizes $2 Million Community Benefits Agreement for New Corktown Stadium

Detroit, Michigan, October 28, 2025 Detroit City Football Club has finalized a $2 million community benefits agreement with Corktown residents for its new 15,000-seat stadium, AlumniFi Field. The agreement addresses 57 community requests, with 51 fully accepted or modified, and includes investments in home improvements, arts and culture programs, youth groups,

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October 28, 2025 11:32 pm

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