Michigan Real Estate News

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Michigan Real Estate News Headlines – May 24, 2021

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National

Is housing market demand starting to weaken?

Evictions

“They going to show up and kick me out”: Millions face eviction when moratorium ends

Detroit

These are the cheapest and most expensive areas to buy a home in Michigan

Nonprofits team up for 61-unit Islandview apartment development

HGTV star Nicole Curtis wins fight with Detroit’s land bank over house

Grand Rapids

These are the cheapest and most expensive areas to buy a home in Michigan

Southeast Michigan

These are the cheapest and most expensive areas to buy a home in Michigan

Real Estate Insider: Troy Marriott’s ownership on the line as loan workout sought

Amid COVID pandemic, country life lures metro Detroit homebuyers

Western Michigan

These are the cheapest and most expensive areas to buy a home in Michigan

Northern Michigan

These are the cheapest and most expensive areas to buy a home in Michigan

Outstate

These are the cheapest and most expensive areas to buy a home in Michigan

Weekly Brief – May 17, 2021

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The scorching hot residential market is once again the prevailing topic of the mainstream press. And reports of MLS sales confirm that the market remains scorching hot. There has been an onslaught of news about the market since April 1:

West Michigan Real Estate Boom Predicted to Continue

Michigan Realtors Shocked & Awed By Housing Market

Metro Detroit’s Real Estate Market Surges Until Fall

Residential Properties Fly Off The Market

The scorching market is forcing buyers to get creative. And the hot market is dampening the home buying dreams of millennials.

The rising prices are being independently confirmed nationwide by price index increases.

The bottom line is that the housing market in 2021 is unlike any we have seen before. Hold on for a wild summer.

Developers Adding to Auburn Hills Business District

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Developers are building about 400 new apartments and nearly 50,000 square feet of office, restaurant, retail and commercial space. The main business district has about $55 million in new buildings that are under construction or recently completed. Interest in increasing more foot traffic and growing a walkable community are driving the developments. The hope is that by providing more residential housing options, people will realize the benefits of living in Auburn Hills.