News Summary A luxurious 17,000-square-foot estate in Washtenaw County has set a new benchmark for real estate sales in Michigan with a closing price of $12.8 million. Spanning nearly 100 acres, the property was previously owned by businessman Louis Ferris and showcases a stunning architectural design inspired by Frank Lloyd
News Summary A new initiative, the ‘Make My Move’ program, launched in May 2025, is offering $5,000 in down payment assistance to first-time homebuyers in Southwest Michigan. Targeting Van Buren, Berrien, and Cass counties, the program aims to alleviate housing challenges while promoting local economic growth. With over 700 applications
News Summary Black homeownership in Michigan faces significant challenges, with mortgage denial rates exceeding 20% for Black applicants in Grand Rapids and Detroit. A recent LendingTree analysis shows that the Black homeownership rate in Grand Rapids is the lowest among the 50 largest U.S. metros, at just 30.1%. Systemic barriers,
News Summary A report from the National Low Income Housing Coalition highlights a growing housing crisis for Michigan renters, with the income needed for a two-bedroom apartment rising to $24.46 per hour. This contrasts sharply with the state’s minimum wage and average renter wages. The report indicates a significant disparity
News Summary A breathtaking estate featuring two homes is now on the market in Mears, Michigan, for $6.7 million. The property boasts 687 feet of private beach on Lake Michigan and is surrounded by beautiful woodland. With a renovated farmhouse and barn house, this unique estate offers ample space and
News Summary The Lawrence City Commission has approved a rezoning request for a new two-story apartment complex with 24 units. Developed by LMK Homes LLC, the complex will include 12 one-bedroom and 12 two-bedroom units, with internalized parking and enhanced pedestrian access. While supporters emphasize the need for affordable housing,
News Summary Michigan’s luxury real estate market is booming, with several high-end properties now listed above $10 million. These stunning homes feature custom designs, breathtaking lakefront views, and luxurious amenities. Notable listings include a 15,123-square-foot villa on Turtle Bluff Drive and a historic estate along Lake Michigan. The surge in
News Summary Northern Michigan offers an impressive range of real estate options for buyers with a budget of around $500,000. From downtown condos in Traverse City to serene homes near Suttons Bay and investment properties in Frankfort, there’s something for everyone. The current market is competitive but offers opportunities for
News Summary Homeowners in Detroit have gained an incredible $700 million in wealth this year, continuing a decade-long trend that has seen total homeowner wealth increase by $4.6 billion. Notably, the majority of these gains are attributed to Black homeowners, who have accumulated $3.2 billion since 2014. Housing values citywide
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