Michigan Real Estate News

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Northern Michigan Small Retail Businesses Pivot in Pandemic Times

Two Boyne City small businesses are vacating their store fronts. However, it’s not goodbye. The Outdoor Beerdsman, a retail store, is moving to online sales. The difficulty in securing available workers has pushed the owner toward a virtual storefront that will include a sister company.  The second business, Long Road Distillers, is relocating to Charlevoix and is awaiting its liquor license.

Houghton’s Planning Commission Considers Rezoning Request

Houghton’s planning commission will reconsider a previously approved zoning request to rezone approximately 15.5 acres.  The previous request included a wetlands area. The wetlands area was removed from the earlier request. However, concerns continue to be raised about the land use along the shoreline.

Affordable Housing Becomes Scarce in Traverse City

On May 1, when Governor Gretchen Whitmer signed an exectuive order allowing Michigan’s real estate industry to get back to work, the Traverse City market rocketed. The pent-up high demand for real estate, along with the reconfiguration of social patterns due to remote work created an explosion in real estate demand. However, potential buyers may be priced out of the local market.