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The Michigan Public Policy survey polled over a thousand local cities, counties, villages and townships. They found that only 27% of them felt they had enough affordable housing.
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The federal government reported that the inflation rate for housing spiked to its highest rate since 1982 from September 2021-22. The U.S. Bureau of Labor Statistics says the inflation rate for the broad category of “shelter” is now 6.6%. Experts say that’s reflected in Michigan's major housing markets.
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“You’re seeing year over year seller gains drop in Lansing(-7.8%), in Kalamazoo (-7.2%)and in Ann Arbor (-6.1%) at rates that are similar to what we’re seeing nationally,” said Rick Sharga, executive vice president of market intelligence at ATTOM.
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Community members show up at TCF Center to discuss redistricting in African-American communities. Author Gijsbert van Frankenhuyzen joins Stateside to talk about his latest book, Our Michigan! We Love the Seasons. And, endangered species in Michigan are at odds with the real estate industry.
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There’s been an increase in so-called "zombie foreclosures" in Michigan and around the country.Zombie-foreclosures are vacant and abandoned homes that…
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Today on Stateside, a state lawmaker discusses police reform measures under consideration in the Michigan Senate. Also, a look at what’s driving the…
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This is the time of year when For Sale signs start popping up with the spring crocuses and tulips. But the home-buying season might be a challenge this…
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The Next IdeaOne of the central challenges in Detroit’s revival: making sure that all boats rise. That good things are happening for long-time Detroiters,…
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It used to be property taxes skyrocketed when home values went up. Sometimes tax bills increased by double digit percentages in a single year.Voters fixed…
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A Grand Rapids non-profit group is hoping to boost the inventory of affordable housing in West and Mid-Michigan.The Inner City Christian Federation is…