Cost of buying a home in America reaches a new high, Redfin says
The median mortgage payment jumped to a record $2,843 in April, up nearly 13% from a year ago, a new analysis finds.
The median mortgage payment jumped to a record $2,843 in April, up nearly 13% from a year ago, a new analysis finds.
The rent is high not just in Detroit, where, according to nonprofit Higher Ground Abodes, the city has just a quarter of the affordable homes needed, but also across the state.
In a lawsuit filed this week in federal court, UWM and its CEO are accused of pressuring brokers to send their clients to UWM which in turn pushed homebuyers into expensive mortgages.
The annual income needed to afford even a basic home in the U.S. has risen sharply since the pandemic, a new report shows.
Michigan law states that cities cannot assess homes at more than 50% of their market value.
It will be enforced this fall, and sellers who fail to get a HERD report will face a $500 fine.
The landmark deal, if approved by a court, could cause real estate fees to drop by as much as 30%, experts say.
The White House is proposing a "mortgage relief credit" that would give homebuyers an annual tax credit of $5,000 for two years.
It's worth politely asking your agent to lower their commission fee. More than half of those who do so are successful.
Friedman Real Estate purchased the Renaissance Center Towers in downtown Detroit for $15 million.
Mortgage rates recently hit their highest levels in more than two decades, pricing many out of the market. Here's what to expect in 2024.
According to Redfin, roughly 6% of home sales resulted in a loss to the seller, and that number has doubled since last year.
Americans flocked to suburban areas during the pandemic — one of several reasons why rent increases there have outpaced urban areas.
Kenny Parcell, the trade group's president, steps down after a New York Times report alleged he sexually harassed multiple women.
There are several reasons why it's taking longer for millennials to buy property, one of which is they're being outbid by boomers.
A decade ago, a typical newly built home cost $60,000 more than an older property. Now existing homes can cost just as much.
A Detroit rapper and TikTok star hopes to revitalize the neighborhood he grew up in with his "Buy the Block" campaign. After months of work, he's made his first purchases.
The surge in real estate prices, coupled with rising mortgage rates, has made buying a home prohibitively expensive in most larger cities.
A little-known surcharge set to change on May 1 could impact consumers in different ways.
With all-cash offers, there's less chance of a sale falling through and usually a faster closing.
The gap between renting an owning is the largest it's been in more than 15 years, an industry analysis found.
As the spring homebuying season approaches, affordability is at its lowest point in history, one economist said.
Federal officials say Sean Tissue faces a maximum of 20 years in prison for wire fraud and five years for bankruptcy fraud.
A Ferndale home has hit the market, and let's just say, this one is unique.
Buyers are getting squeezed by higher real estate prices and soaring mortgage rates, which could force more out of the market.
Michigan running back will be heading to Los Angeles to play for the Rams after being selected in the third round of the NFL Draft.
Michigan Attorney General Dana Nessel on Thursday declined to open a criminal investigation into Dominion Voting Systems CEO John Poulos, who testified before the Senate Oversight Committee in December 2020 amid fraud allegations in the election.
Michigan Linebacker Junior Colson will once again work under Jim Harbaugh after being selected by the Los Angeles Chargers in the 2024 NFL Draft.
West Michigan University defensive end Marshawn Kneeland is going to Texas and being selected by the Dallas Cowboys in the second round of the 2024 NFL Draft.
The Detroit Lions have selected another cornerback in the 2024 NFL Draft! This time, they've picked Ennis Rakestraw Jr. from Missouri.
Michigan running back will be heading to Los Angeles to play for the Rams after being selected in the third round of the NFL Draft.
Noor Kestou was taken into custody by Macomb County detectives on Wednesday, April 24.
One of the biggest events in the NFL year kicked off Thursday in downtown Detroit. Aside from community events happening in the area, many people are here to see who the teams will select in the 2024 NFL Draft.
Michigan Attorney General Dana Nessel on Thursday declined to open a criminal investigation into Dominion Voting Systems CEO John Poulos, who testified before the Senate Oversight Committee in December 2020 amid fraud allegations in the election.
Detroit City FC heads on the road this weekend to face off against Eastern Conference rival Pittsburgh Riverhounds SC.
Ford Motor Co.'s first-quarter net income fell 24% from a year ago as the company's combustion engine vehicle unit saw revenue and sales decline.
Jeep maker Stellantis is planning to lay off an unspecified number of workers at its U.S. factories in the coming months to deal with a rapidly changing global auto market, the company said Tuesday.
Despite a small dip in U.S. vehicle sales, General Motors' first-quarter net income rose more than 25% on strong deliveries of pickup trucks and other higher-profit vehicles.
Workers at Mercedes-Benz factories near Tuscaloosa, Alabama, will vote next month on whether they want to be represented by the United Auto Workers union.
After leading the United Auto Workers on its historic strike against the Detroit Three automakers, Shawn Fain has been named on Time's list of the most influential people of 2024.
NFL Commissioner Roger Goodell announced that more than 275,000 fans attended the first day on Thursday, according to a spokesperson.
Harvey Weinstein's 2020 conviction on felony sex crime charges has been overturned by the State of New York Court of Appeals.
Many of the events taking place at the Corner Ballpark during the three-day event will be for kids, but go down Michigan Avenue, and there will be plenty for adults to do.
From art and architecture to entertainment, the Motor City is at the centerpiece of the draft.
Mary J. Blige, Cher, Foreigner, A Tribe Called Quest, Kool & The Gang, Ozzy Osbourne, Dave Matthews Band and Peter Frampton have been named to the Rock & Roll Hall of Fame.
With a relatively low average monthly cost of living and a low crime rate, this little-known town has a lot to offer retirees according to one report.
"I am happy to debate him," President Biden said during an interview with Howard Stern.
A gold pocket watch recovered along with the body of John Jacob Astor, the richest passenger on the Titanic, is up for auction.
A new rule will affect frozen breaded and stuffed raw chicken products that appear to be fully cooked but are only heat-treated.
It's been a decade since the Flint water crisis began. Residents told CBS News the scandal still weighs heavily on the city.
Federal officials say they're double checking whether pasteurization has eradicated the danger from possible bird virus particles in milk.
UnitedHealth said it paid the criminals behind attack that crippled hospitals and pharmacies to protect sensitive patient data.
The Michigan Legislature is considering two bills that could make getting access to hormonal birth control a little easier.
Health officials are warning consumers not to consume Infinite Herbs basil sold at some Trader Joe's and Dierberg's stores after 12 people were sickened.
Organic option is best when buying certain produce, especially blueberries, nonprofit group says in analysis of chemical residues.
Michigan running back will be heading to Los Angeles to play for the Rams after being selected in the third round of the NFL Draft.
Michigan Linebacker Junior Colson will once again work under Jim Harbaugh after being selected by the Los Angeles Chargers in the 2024 NFL Draft.
West Michigan University defensive end Marshawn Kneeland is going to Texas and being selected by the Dallas Cowboys in the second round of the 2024 NFL Draft.
The Detroit Lions have selected another cornerback in the 2024 NFL Draft! This time, they've picked Ennis Rakestraw Jr. from Missouri.
Michigan defensive tackle Kris Jenkins and cornerback Mike Sainristil are the next Wolverines to be selected in the 2024 NFL Draft.
By the time this presidential race is over, Biden, Trump and their entourages may not need Michigan driver's licenses, but they'll know their way around and where the orange barrel construction zones are enough to void them on their way to campaign events.
The Motor City is putting the final touches in place for the 2024 NFL Draft as it rolls into Detroit next week.
Michael Bickers, Regional President of PNC Southeast Michigan/Detroit, and Eric Poe, CEO of CURE Auto Insurance, appeared on CBS Detroit's Michigan Matters.
Businesses across Michigan are feeling optimistic about the future after weathering the historic 100-year health pandemic that impacted every company in one way or another.
Three leaders talked about how the region is doing to help people deal with mental health issues.
It's Day 2 of the 2024 NFL Draft, and once again, Detroit Lions fans are showing their pride in the Motor City. We caught up with a few fans to talk about their experience at the draft.
The Detroit Lions made a move to address their secondary, grabbing Alabama cornerback Terrion Arnold with the No. 24 pick in the NFL draft after a trade with Dallas on Thursday night.
A Commerce man facing manslaughter charges in connection with a deadly, massive explosion at a Clinton Township business in March had a one-way ticket to Hong Kong before being arrested, police say.
Jeff Lesson of WWJ Newsradio 950 and 97.1 The Ticket shares his predictions for the second and third rounds of the 2024 NFL Draft.
After a record-setting first-round attendance, Detroit Police Chief James White discusses security at the 2024 NFL Draft in Detroit.