Michigan Real Estate News

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Michigan Downtowns Take A Hit From Remote Work

Downtown 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

Michigan Real Estate News Headlines – December 28, 2020

Evictions

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

Rising 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.