By National Association of Realtors The homeownership rate is at its second-highest level on record, only behind the record high set in 2000, according to the U.S. Census Bureau, which began collecting home ownership data in 1890.  By region, the homeownership rate is:  Midwest: 69.2 percent South: 66.7 Northeast: 62.2 West: 60.5 Nearly every metro [...]

By Greta Guest, Detroit Free Press Tom Burns knew it was time to sell his parents’ Wyandotte home this fall. His dad had passed on years ago, and mom had moved to Oregon to live with his sister. So when his Realtor suggested that he put the three-bedroom, 1 1/2-bath home with 1,400 square feet [...]

By With the crisp autumn air and rolling landscapes through the scenic countryside, fall is a great time to visit some of the more than 80 Michigan wineries across the state. Whether it’s touring individual wineries, hitting one of the Michigan wine trails, checking out an upcoming tasting event or staying at one of [...]

By Greta Guest, Detroit Free Press Home prices in metro Detroit rose 2.7% in August, making it one of the strongest summer selling markets in the country. For the second month in a row, metro Detroit and Washington, D.C., ranked as the only two major metropolitan areas to see price appreciation in the past year [...]

Despite a five-year housing slump that flooded the market, finding a move-in-ready house in metro Detroit has gotten a lot harder with a tight supply sparking bidding wars among house hunters. Many of the homes available are trashed foreclosures or owned by people who could not afford needed repairs or updates during the recession — [...]

The median value charts show that bank owned values have bounced around a bit while non-bank values have moved steadily upward in the past three months.  Average Price per Square Foot and Median values tend to follow the same trends so looking at both can help confirm a market direction. Another exciting opportunity is the [...]

In Bozeman, Mont., Anders Lewendal is hard at work building a home he hopes will be a blueprint for creating jobs in America. Lewendal, an economist turned builder, is constructing a house made entirely from U.S.-made products. Everything from the nails, screws and bolts, to the steel, staples and bathtub is made in the United [...]