Michigan Real Estate News

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Detroit’s January Home Sales Up, Southeast Michigan’s Down

Detroit’s housing market continues to thrive. Sales and prices are rising at a rate unlike others in the metro area. January’s median sales price was almost a third higher than a year ago. Sales are up 3 percent. They’re down in other areas of the region. The number of homes on the market in Detroit is up more than 26 percent. Across southeast Michigan, sales are down 8.8 percent, and listings have decreased 4.3 percent. Supply continues to be lower than the high demand. Homes are selling faster because there are fewer houses on the market, causing buyers to jump on homes quicker.

 

 

Local Officials Upset About Detroit Zoo’s Great Lakes Center for Nature Plans

Clinton Township and Mount Clemens officials are frustrated with the Detroit Zoo and its Great Lakes Center for Nature plans. Four years ago, Detroit Zoo officials announced the facility would be located in Macomb County. However, the zoo is now considering a tract of undeveloped wetlands along Hall Road, adjacent to Macomb Community College’s Center Campus. The Clinton Township Treasurer questions the decision of building the nature center in one of the most heavily populated commercial areas of the county. Two years ago, Clinton Township and the city of Mount Clemens offered Shadyside Park on the banks of the Clinton River at no cost to the zoo, noting that the direct access to Lake St. Clair and its established trails would make it an ideal site. The Clinton Township Commissioner is concerned about the minimal benefits the county is receiving from the Zoo for the 0.1 levied on each taxpayer in the county.

 

 

Popular FM Radio Stations Find New Home in Eastern Market

The building at 2529 Orleans St. in the Eastern Market will soon be the new home for the studios and offices of iHeartMedia Inc. The $24 million redevelopment will house radio stations Channel 95.5, 97.9 WJLB,100.3 WNIC, 106.7 WLLZ, Mix 92.3 FM and the Black Information Network on 1130 AM. Mojo in the Morning, Jay Towers, Bush Man, Dr. Darrius, Ya Girl and Doug Podell and Trudi Daniels will all work and broadcast from the Orleans St. location. Production and other staff will also be housed in the building. The build-out is expected to be finished in May. iHeartMedia studios and local space are currently located in Farmington Hills at 27675 Halsted Road.