Michigan Real Estate News

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Shipping Companies Find a Home in Romulus

Logistics businesses are moving into Romulus, bringing more than 500 jobs to the area. The Ecorse Commons Industrial Park, near Detroit Metropolitan Airport, houses Hearn Industrial Services, Pitney Bowes, DHL, LaserShip and Lowes Inc. With e-commerce taking off, it joins another million square feet of warehouse space that has been built in Romulus in the past couple of years. The city of Romulus credits the developments to its streamline approach to permits and approvals, as well as the proximity to both Detroit Metro and Willow Run airports.

The Demand for Single-Story Home Construction Increases

New single-family housing construction in the Great Lakes region is following a nationwide trend. For the last 4 years, the number of single-story homes being built has gradually increased. The number of two or more storied homes has been decreasing. Although single-story homes are more expensive to build, they appeal to older home buyers who have more money to spend as they downsize their homes. That makes single-story sites very lucrative.

Outdoor Living Spaces Tip the Scales

Outdoor living spaces are a tipping point for homebuyers. Buyers are looking to entertain family and friends in pandemic-proof ways. Home owners want access to golf courses, larger yards, attractive landscaping, and outdoor rooms. Previously buyers may have bought a cabin in northern Michigan, but now they want everything just steps away.  People are focusing on updating and upgrading their outdoor spaces as much as their indoor spaces. Lakefront property is hot right now. Listed lakefront houses and condos are on the market for about 18 days.