Mortgage rates top 7% for the first time since May 2024
As rates climb, more buyers are seeking riskier adjustable-rate mortgages, according to the Mortgage Bankers Association.
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As rates climb, more buyers are seeking riskier adjustable-rate mortgages, according to the Mortgage Bankers Association.
The city of Detroit is rolling out a five-point plan to bring thousands of rental properties up to code.
Nearly half of renters spend more than 30% of their income on housing. Here's what it costs to rent a two-bedroom home in 50 U.S. cities.
As the need for shelter grows, The Delonis Center in Ann Arbor will have fewer beds this coming winter.
If it clears zoning review, a 12-story building on West Liberty Street would become the first 100% affordable high-rise made possible by transit corridor rezoning in Ann Arbor, according to a city council member.
President Trump said Friday he won't sign the law, but a U.S. official said he isn't expected to veto it either.
Increased funding for Detroit's affordable housing trust fund takes effect July 1, but city officials say new construction won't begin immediately — the money is meant to support projects already in the pipeline.
President Trump canceled a planned signing ceremony on Wednesday for a housing affordability bill that passed Congress by wide bipartisan margins.
The funding comes from the 9% Low-Income Housing Tax Credit and will create 603 units throughout 13 different projects.
Some city leaders question whether residents are seeing the level of progress they were promised.
Detroit received about $827 million through the American Rescue Plan Act, a once-in-a-generation infusion of federal funds designed to help cities recover from the pandemic.
A household earning the average income would need to spend 40% of its income to afford the typical U.S. home, according to Redfin.
There's a big gap between the current number of housing units coming on the market and demand in Livingston County, and experts said the county will need 16,000 new units over the next 10 years.
The cost of renting a home, which surged during the pandemic, is showing signs of returning to earth, new data shows.
Raising a child through age 18 is most expensive in Hawaii, where a family would spend an estimated $412,661 in 2026, LendingTree found.
Whitmer made a stop in Detroit to talk about affordable housing in Michigan and her efforts in the legislature to build even more.
The initiative would allow for all proceeds from the city's commercial property sale to go to the trust fund.
Those with the city say giving building access to tenants is a much larger undertaking.
ShaWanna Gajewski is rebuilding her hometown of Inkster, Michigan, one house at a time.
Dozens of local officials across Michigan on Tuesday voiced their opposition to a group of bills that aim to increase Michigan's stock of affordable housing.
The goal to revitalize a school on the St. Mary of Redford Catholic Church grounds in Detroit is to help dent the deficit of affordable housing in Detroit.
Homeownership can feel like a luxury when only a sliver of the country's housing market is affordable for most Americans, Bankrate analyst says.
A growing number of Americans, squeezed by inflation and elevated interest rates, face the risk of losing their home in foreclosure.
The need for affordable housing continues to be a top priority for Detroit residents.
A new duplex and townhome project in Harper Woods will give priority to essential workers like teachers and first responders.
