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Detroit

How real estate agents are helping young homebuyers overcome fears, finances

Affordability, Agent, Brokerage, Detroit, Down Payment Assistance, eXp Realty, First-Time Homebuyers, Home Prices, HWmember, Michigan, Real Estate /

The age at which Americans buy their first home can dramatically shape their financial future — and a delay in first-time homeownership is forcing real estate agents to rethink how they market to younger buyers. A new Generational Wealth Report from Realtor.com finds that households purchasing their first home by age 30 build significantly more […]

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Detroit’s new 40% down payment assistance program

Detroit, Down Payment Assistance, Guild Mortgage, Home Equity, HWmember, Michigan, Mortgage, Partnerships /

The Michigan State Housing Development Authority (MSHDA) announced on Thursday that it is partnering with the Tobias Harris Homeownership Initiative, Guild Mortgage and Homium on a pilot shared-appreciation mortgage program aimed at expanding access to homeownership in Detroit. The effort is backed by Detroit Pistons basketball player Tobias Harris. The mortgage product will provide qualified

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Michigan title agents suspended over escrow allegations

Detroit, HWmember, Lawsuit, Legal, Michigan, Real Estate, Regulatory, Regulatory Compliance, Title, Title insurance /

Two Oakland County, Michigan, title insurance agents have had their licenses suspended following allegations of misappropriating millions in escrow funds. The agents are also accused of failing to cooperate with auditors and a state investigation — as well as contributing to at least one homeowner’s foreclosure, according to a local news report. The Michigan Department

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Here are the three metros where homeownership is still affordable

Affordability, Data & Visuals, Detroit, Housing Market, HWmember, Pittsburgh, Realtor.com, St. Louis /

The rapid rise in home prices and housing costs over the past five years has strained affordability in every part of the country, but a new study seeks to put a finer point on which metropolitan areas are getting hit the hardest. Realtor.com calculated the share of income a typical household spends on housing by

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