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
