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Real Estate

Detroit moves forward despite government shutdown

Home sales not yet affected

So far, the effects of the government shutdown have not hit the Detroit real estate market. But MLive has more on this community of concern:

Karen Kage, CEO of Farmington Hills-based Realcomp, the regional Multiple Listing Service, said that so far the resurging Metro Detroit real estate market has not been affected.

"It just something we’re going to continue to watch," said Kage, noting that some news reports have indicated that mortgage loans could be stalled by a continued closure of some federal agencies.

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Lower mortgage rates attracting more homebuyers 

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

3d rendering of a row of luxury townhouses along a street

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