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Michigan Downtowns Take A Hit From Remote Work
/in Detroit, Grand Rapids, Northern Michigan, SE Michigan, Western Michigan /by Tracy WillisDowntown businesses have lost a significant percentage of their consumers due to remote work trends. The number of empty commercial real estate sites is preventing the resurgence of downtowns. Owners are creatively repurposing empty sites to adapt to the need for affordable housing, remote employee wifi access, and coworking spaces.
Michigan Real Estate News Headlines – December 28, 2020
/in Weekly Roundup /by Dave NykanenEvictions
Michigan renters face eviction despite pandemic safety net: ‘I don’t want to be homeless’
West Michigan
Plans ‘underway’ for affordable senior housing site in downtown Muskegon
Southeast Michigan
Apartment Building Design for “dot” in Ferndale Under Discussion
Northern Michigan
House Warming: Grand Traverse market stays hot into 2021
Sticker Shock: Sky-high lumber prices hit local construction
Northern Michigan Real Estate Booms As Builders Struggle To Meet Demand
/in Northern Michigan /by Dave NykanenRising construction costs, due in part to a stressed supply and demand chain, cause Northern Michigan builders to focus on high-end homes in the interest of profits. Moderate and low-income buyers struggle to find affordable housing. MSHDA has established a program for the 2020-2021fiscal year to aid lower-income buyers purchase homes at an attainable price point.