Michigan Real Estate News

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Home Value Disparity Cripples Detroit Black Homeowners

The disparity between the average national home value and that of Detroit’s black homeowners has tripled in recent years and has far-reaching consequences for future generational wealth. While some attribute the gap to ongoing systemic racial issues and the foreclosure crisis, one professor of architecture and urban planning feels the study that produced the data is flawed. In the current year, there are no signs of the gap widening further, but also no signs the gap is shrinking. For a great discussion of the role of redlining in impeding African-American wealth, view the PBS documentary The House We Live In.

Amazon to Open Sorting Center in Plymouth

Amazon will open a sorting center in Plymouth at the old Spartan warehouse on Haggerty Road. Amazon plans to add 30,000 square feet to the existing 300,000 square feet of the structure. The development will add 200 jobs to the area with an investment of $2.5 million. This continues the growth of Amazon facilities in Southeast Michigan.

Michigan real estate news headlines

Michigan Real Estate News Headlines – January 18, 2021

Evictions

Tlaib, protesters demand Detroit police halt assisting evictions

National

Options for Struggling Landlords Whose Tenants Cant Pay the Rent

Air Cargo Construction Is Booming Thanks to Amazon

Detroit

Latino contractors seek bigger piece of southwest Detroit’s building boom

Amazon plans to add 5 sites, create 2,000 jobs in Metro Detroit

Council OKs tax break for redevelopment of Cadillac Stamping site

Detroit’s Transfiguration School readied for housing transformation

Real Estate Insider: Rent more than doubles at former Russell Street Deli space now for lease in Eastern Market

Home value disparity hits Detroit Black homeowners

Grand Rapids

240-unit affordable housing development up for reconsideration in GR

Southeast Michigan

Building on roots in retail, marijuana business Quality Roots branches out in metro Detroit

Amazon plans to add 5 sites, create 2,000 jobs in Metro Detroit

Amazon plans new sorting center along Haggerty in Plymouth Township

Bay Pointe Golf Club in west Oakland County seeks buyer at $8.95 million

Warehouses planned for old Ford assembly plant site in Wixom

Western Michigan

Cannabis chain opens first West Michigan location

Northern Michigan

Clothing store, distiller to vacate downtown Boyne City space