Detroit, MI

Metro Detroit homebuyers face higher prices but more inventory, lower mortgage rates

Published

6 months ago

September 15, 2025

Metro Detroit homebuyers face higher prices but more inventory, lower mortgage rates

Eric Vance knows a good house when he sees one.

The 54-year-old contractor from Southfield, who has spent years buying and flipping homes, recently toured a property in Redford Township that immediately caught his attention.

“It was the fireplace and that kitchen,” he said. “Because I am a family man, and it put me right where I needed to be and what I needed to see.”

Buyers like Vance who are looking for a new home are navigating the housing market at a time when inventory, prices and days on the market are on the rise, even as interest rates begin to trend down. Metro Detroit’s housing market saw prices climb modestly in August, even as sales slowed, with the market heading into a seasonal slowdown.

The median sales price across Metro Detroit rose 4.4% year-over-year to $332,500 across Wayne, Oakland, Macomb and Livingston counties, according to the latest RE/MAX of Southeastern Michigan Housing Report. The supply of inventory increased to 2.8 months in August, compared with 2.6 months in July and 2.4 a year earlier, according to the report.

“We are continuing to see a bit more inventory coming into the market that is starting to be reflected in the month supply,” said Jeanette Schneider, president of RE/MAX of Southeastern Michigan. “We’re seeing that inch up a little bit. That’s a signal that we’ve got more and more inventory coming to market.”

The median sales price rose across a broader area — 18 Michigan counties — to reach $289,000 for residential and condo sales combined, according to a Realcomp August sales report, up 5.1% from $275,000 the year before. Realcomp, the state’s largest multiple listing service, looks at Genesee, Hillsdale, Huron, Jackson, Lapeer, Lenawee, Livingston, Macomb, Monroe, Montcalm, Oakland, Saginaw, Sanilac, Shiawassee, St. Clair, Tuscola, Washington and Wayne counties.

The supply of inventory across the 18 counties increased 16%, from 2.5 months to 2.9 months year over year. Pending sales decreased 4.9% from 10,345 to 9,839 year over year, while pending sales increased from 9,778 month over month by 1%. Closed sales decreased 3.7% from 10,530 to 10,138 year over year, and decreased from 10,507 month over month, a decline of 3.5%.

“As we prepare to move from summer into fall, homebuyers have more choices than they have had all year,” Karen Kage, CEO of Realcomp II Ltd., said in the report. “While median sales prices remain fairly consistent, inventory is at its highest August levels in 5 years.”

‘Holding our own’

One notable point in the data was Detroit, which saw its median sales price jump about 16% from last year to a record $111,500, according to Realcomp.

Darralyn Bowers of Bowers Realty in Southfield said the housing market remains healthy in the city and across Metro Detroit: “So far, we’re holding our own, and we’re still seeing property values go up.

“Even in Detroit, we’re seeing growth. Michigan is unique in the Midwest here. We’ve got so many positive qualities, like the water and the amenities and the desirability of Detroit and some of the things that are happening here in Detroit. I think those all accelerate to a better market.”

Nathan Boji, an agent with RE/MAX Classic in Farmington Hills, said the market varies across Metro Detroit, with Oakland County staying strong in cities like Novi, Farmington Hills and Bloomfield Hills. Livingston County properties are selling quickly, while Macomb County offers solid value. He said Wayne County remains the most affordable for entry-level buyers, with Livonia and Dearborn competitive under $400,000. Sterling Heights is also seeing steady activity.

“If it’s priced right, it’s selling,” he said. “If it’s not priced right, it’s going to sit.”

Jessica Belanger, an agent with RE/MAX Advisors in New Baltimore, said homes in the northern subdivisions in Macomb County, such as New Haven and Shelby, Washington and Macomb townships, are selling relatively quickly: “The nice houses, nice upgrades that don’t need a lot of updates and not priced hopefully over market, are still selling.”

Mortgage rate slide helps

As housing prices rise, mortgage rates continue to trend down, according to Freddie Mac. The 30-year fixed-rate mortgage averaged 6.35% as of Thursday, down from the previous week when it averaged 6.5%. A year ago at this time, the 30-year fixed-rate mortgage averaged 6.2%.

“The 30-year fixed-rate mortgage fell 15 basis points from last week, the largest weekly drop in the past year,” Sam Khater, Freddie Mac’s chief economist, said in the report. “Mortgage rates are headed in the right direction and homebuyers have noticed, as purchase applications reached the highest year-over-year growth rate in more than four years.”

Schneider said September will be the month to watch as the Federal Reserve meets mid-month and markets look for a possible rate cut.

While mortgage rates are more closely tied to the 10-year Treasury than the Fed’s actions, she said Fed decisions can signal direction and influence buyer sentiment. Schneider added that even if rates don’t drop significantly, a Fed cut could give buyers more confidence and push some off the fence, potentially leading to more activity in the fall housing market.

“So it seems, from my perspective, the market has already kind of anticipated what the Fed is going to do, and the interest rates are already starting to kind of reflect that,” she said. “So I don’t necessarily think we’re going to see a huge drop in the mortgage interest rates, even if the Fed does a cut. But what I think a Fed cut could do is psychologically be a very positive confidence booster for buyers that have been iffy.”

While mortgage rates have eased into the mid-to-high 6% range, Boji said many consumers are still holding back: “A large percentage of the consumer still sees that as being a very high rate. They’re sort of holding their breath for a kind of a magic kind of reduction, in the sense of possibly seeing rates that we saw several years ago — 3, 4, 5%.”

Jessica Belanger, an agent with REMAX Advisors, said she’s noticing some clients becoming accustomed to the mortgage rates. “Everybody out there in general is kind of coming to that realization that those 2.5% interest rates were not a realistic expectation. It’s kind of a once-in-a-lifetime thing.”

To help prospective buyers make home ownership more affordable, Bowers said her team hosts a monthly brunch to educate them about down payment assistance and help them explore their options. She noted that some banks are offering grants up to $17,500, while others provide low- or no-interest loans, some with no income limit.

“If you had a grant of $10,000,” Bowers said, “that also is equity.”

Vance, whose budget is between $200,000 and $250,000, said he isn’t a fan of the current mortgage interest rates. But a divorce last year has prompted his move.

The father of three, including two adult children, is considering the three-bedroom home in Redford Township for its roominess. He said he could see himself building an outdoor kitchen off the back patio, a place for entertaining and spending time with loved ones.

For Vance, homeownership is about more than space: “When you are a homeowner, it means a lot. It gives you that peace of mind … a feeling of accomplishment, like you’re doing something right.”

cwilliams@detroitnews.com

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Detroit, MI

Rapper Tee Grizzley plans mixed-use apartment project in Brush Park

Published

2 hours ago

March 5, 2026

Press Room

Rapper Tee Grizzley plans mixed-use apartment project in Brush Park

A new mixed-use, mixed-income apartment building proposed for Detroit’s Brush Park is expected to bring 37 units of housing to the neighborhood, according to the project’s lead developer.

The $12 million project at 205 Watson St., known as Wallace Estates, is owned by Detroit rapper Tee Grizzley, whose legal name is Terry Wallace. The 30,000-square-foot development is expected to go before the Detroit Historic District Commission on Wednesday for review. Because the quarter-acre site sits within a historic district, the commission must approve elements such as windows, brickwork, facade materials and other architectural features.

Wallace Estates is planned to be a five-story building with the residential units across the first four floors. The ground floor is expected to include a lobby, a walk-up apartment, commercial space and tuck-under parking. A partial fifth floor will house indoor and outdoor amenities for residents. The building is designed with a masonry facade and large, offset windows, according to the project application.

“Detroit raised me — I’m a west side kid, and I’m passionate about bringing mixed-income housing to my city,” Wallace said in a statement Thursday. “The 205 Watson project is about building safe, quality housing for everybody; that respects longtime residents and welcomes new neighbors — building opportunity without pushing people out.”

The project was the winning bid of a City of Detroit request for proposals for the site, said Nevan Shokar, principal of Shokar Group and the day-to-day development lead. McIntosh Poris Architects is the designer.

“It’s an infill site that’s bringing high-quality housing, both for affordable and market-rate renters,” Shokar said. “And I think it complements the neighborhood nicely with the brick aesthetic, as well as the brass inlays in the windows.”

Construction could begin this summer and be finished in 18 months, Shokar said, placing completion at late 2027.

Wallace Estates will join a wave of new residential development in Brush Park, a neighborhood that has seen nearly a decade of revitalization. Last summer, Bedrock celebrated the completion of City Modern, a nearly 10-year effort to transform a once-neglected area of the historic district.

Shokar said the building would primarily include studios and one-bedroom units, with a few two-bedroom apartments. About 20% of the units will be designated affordable at 80% of area median income, with the remainder rented at market rates.

“The highest demand that you have within this neighborhood and across the city as a whole, is to produce more studio and one-bedroom units,” Shokar said. “The two-bedroom units sometimes and larger sometimes have a hard time filling up, leasing up within buildings, and that’s why you typically see units generally smaller in size.”

Shokar said estimated rents for the new building could range from $1,800 per month for a 450-square-foot studio to $2,700 per month for an 800-square-foot two-bedroom unit.

Shokar said the team will pursue incentives including a Neighborhood Enterprise Zone tax abatement and a housing tax increment financing package.

cwilliams@detroitnews.com

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Detroit, MI

Detroit Tigers 2026 roster prediction 2.0: Is Kevin McGonigle ready?

Published

14 hours ago

March 5, 2026

Press Room

Detroit Tigers 2026 roster prediction 2.0: Is Kevin McGonigle ready?

LAKELAND, FL – Opening Day is 21 days away.

The Detroit Tigers are deep into spring training in TigerTown. Pitchers and catchers reported Feb. 11, position players arrived Feb. 15, and the first game took place Feb. 21.

After three weeks of camp, including one and a half weeks of games, leaders have emerged in the battles for roster spots among pitchers and position players – but nothing is guaranteed.

Here’s a look at our second version of how the Tigers should fill their 26-man 2026 Opening Day roster, with exactly three weeks until the first game of the regular season.

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Right elbow arthroscopy in late January has limited Dingler in the early weeks of spring training, but he is expected to be fully healthy by Opening Day as the starting catcher.

The only question is how the Tigers will deploy their two catchers.

It could make sense for backup catcher Jake Rogers to catch left-handers Tarik Skubal and Framber Valdez, even though Dingler caught 25 of Skubal’s 31 starts last season. The reasoning is simple: The Tigers will need more offense from their catcher when their other three starters are pitching – and Dingler is the better hitter.

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Torkelson is locked into the Opening Day roster after hitting .240 with 31 home runs in 155 games last season, ranking 14th among 25 first basemen with a .789 OPS.

He has experienced ups and downs in his four-year MLB career, including two demotions to Triple-A Toledo and two seasons with 31 home runs. The next step is becoming an All-Star-caliber player.

This spring, Torkelson is hitting .250 (3-for-12) with four strikeouts in five games. He also went 1-for-2 with one walk (and two hit by pitches) in two games against Team Dominican Republic in a two-game exhibition series.

The Tigers retained Torres when he received and accepted the one-year, $22.03 million qualifying offer. He will be relied upon as the everyday second baseman in the lineup and a reliable on-base presence near the top of the batting order.

In 2025, Torres hit .256 with 16 home runs, 85 walks and 101 strikeouts across 145 games.

This spring, Torres is hitting .286 (4-for-14) with one walk and three strikeouts in five games. He left the Tigers to represent Team Venezuela in the World Baseball Classic, which runs from March 5-17.

McGonigle hasn’t played above Double-A Erie, but his performance against Team Dominican Republic in the first game of the exhibition series showed why he belongs on the Opening Day roster.

The 21-year-old shortstop hit a first-pitch 98.1 mph fastball from right-hander Luis Severino for a leadoff home run in the first inning, pulling it 461 feet to right field with a 110.4 mph exit velocity – making noise in a new environment at the electric Estadio Quisqueya Juan Marichal in Santo Domingo. After the homer, he added a two-run single, five-pitch walk and leadoff single to finish his four plate appearances.

McGonigle has passed every on-field test in camp.

He also looks comfortable around big leaguers behind the scenes.

This spring, McGonigle is hitting .400 (6-for-15) with two walks and four strikeouts across seven games. He also went 3-for-5 with two walks and two strikeouts in two games against Team Dominican Republic.

The Tigers are prepared for Keith to serve as the primary third baseman.

In 2024-25, Keith hit .237 with a .660 OPS during the months of March/April and May, then improved to .269 with a .744 OPS during the months of June, July, August and September/October.

If Keith starts slowly again, utility player Zach McKinstry could handle third base until he heats up. McGonigle could also slide over to third while McKinstry handles shortstop.

This spring, Keith is hitting .154 (2-for-13) with two walks and seven strikeouts across six games. He also went 3-for-6 with one strikeout in two games against Team Dominican Republic.

If McGonigle secures an Opening Day spot, the Tigers will need to cut one of four outfielders: Vierling, Wenceel Pérez, Jahmai Jones or Parker Meadows.

Among them, Vierling has performed the best in spring training (with a track record of success when healthy), Pérez provides value off the bench as the only switch-hitter (with experience at all three outfield positions) and Jones is the top option against left-handed pitchers (without any minor-league options remaining).

That leaves Meadows on the outside looking in.

Last season, Meadows hit .215 in 58 games while posting minus-1 defensive runs saved over more than 450 innings in center field. This spring, he is hitting .059 (1-for-17) with one walk and five strikeouts in six games. He also went 0-for-3 with two strikeouts against Team Panama in an exhibition game.

The Tigers plan to use Greene at designated hitter more often after just 21 starts there last season. As a result, Carpenter has spent more time in left field this spring, in addition to his primary position in right field.

Even so, Carpenter should still receive most of the starts at designated hitter. Injuries have limited him from completing a full season during his four-year MLB career, and the designated hitter role helps keep his bat in the lineup while reducing wear and tear on his body.

This spring, Carpenter is hitting .235 (4-for-17) with six strikeouts in six games, making three starts in right field, two in left field and one at designated hitter. He also went 1-for-3 with one home run against Team Panama, starting in left field.

If McGonigle starts at shortstop, Meadows gets demoted to Triple-A Toledo and Báez takes over in center field, the Tigers would have McKinstry, Pérez and Jones as their three position players on the bench, not including Rogers as the backup catcher.

Who is next in line?

McKinstry and Rogers should be secure, but Pérez and Jones could find themselves on the hot seat if they struggle early in the season because neither has an established track record of success.

Pérez could be replaced by Trei Cruz, a switch-hitter who plays center field and shortstop, offering more defensive versatility than anyone else in the organization. Jones could be replaced by Hao-Yu Lee, a right-handed-hitting infielder who crushes left-handed pitchers, balancing the roster with above-average defense at second and third base.

Both Cruz and Lee joined the Tigers’ 40-man roster in mid-November, protecting them from the Rule 5 draft.

This spring, Cruz is hitting .308 (4-for-13) with three walks and one strikeout in seven games. He also went 0-for-3 with one strikeout against Team Panama, starting at shortstop.

The Big Five is locked in.

The Tigers bolstered their rotation by signing Valdez and Verlander in the 10 days leading up to spring training, helping offset the loss of right-hander Reese Olson to season-ending shoulder surgery. Right-hander Troy Melton could also miss significant time after being shut down from throwing with right elbow inflammation.

Moving from Olson to Verlander is a downgrade, but the Tigers still boast the best one-two punch in baseball with Skubal and Valdez at the top of the rotation. If another injury occurs, right-hander Drew Anderson is expected to shift from the bullpen into the rotation.

Five relievers are locked in with Jansen, Finnegan, Vest, Holton and Anderson, leaving three openings.

The Tigers already thinned the competition by optioning right-handers Keider Montero, Ty Madden and Dylan Smith to Triple-A Toledo, with Montero and Madden providing starting depth. The Tigers also lost right-handed reliever Beau Brieske to right ribcage tightness this spring, though the severity of the injury remains unknown.

Both Hurter and Hanifee have been key bullpen pieces in the past, making them top candidates for two of the three openings. But Hanifee has a notable flaw: He has thrived against right-handed hitters as a ground-ball specialist with his sinker-slider approach, but left-handers have hit .307 with an .857 OPS.

If the Tigers carry three left-handed relievers, Sommers could have the inside track on the final spot in the bullpen, especially with Bailey Horn still rehabbing from left elbow arthroscopy.

Contact Evan Petzold at epetzold@freepress.com or follow him @EvanPetzold.

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Detroit, MI

Report: Lions tender K Jake Bates ERFA offer

Published

1 day ago

March 4, 2026

Press Room

Report: Lions tender K Jake Bates ERFA offer

The Detroit Lions are starting to take care of their own ahead of free agency, and it begins with one of the easier decisions to make. According to Dave Birkett of the Detroit Free Press, the Lions have tendered kicker Jake Bates an exclusive rights free agent offer. What that means is Bates now has a one-year contract offer at the minimum salary ($1,075,000 for Bates). He can choose to sign it or sit out the season.

The reason the Lions can offer this ERFA tender is because Bates’ contract is expiring after just two accrued seasons in the NFL. All players with fewer than three years of experience who are on expiring contracts could be offered these ERFA tenders. In fact, the Lions did so with three other ERFAs earlier this offseason, all of whom already signed the deals: OL Michael Niese, RB Jacob Saylors, and CB Nick Whiteside.

Bates is coming off a season where he took a step back after an outstanding 2024. After making 89.7% of his field goals in his first year with the Lions, Bates slid back to just 79.4% accuracy. That said, five of his seven misses all season were from 50+ yards, and he was a perfect 14-of-14 from 39 yards or shorter. Additionally, he increased his extra point accuracy from 95.5% to 96.4%. He also steadily improved at the new NFL kickoff, which requires a lot more precision from kickers to boot the ball as close to the goal line without going into the end zone.

It’s unclear if the Lions intend on bringing in competition for Bates this offseason, but special teams coordinator Dave Fipp made it abundantly clear all last season that they value Bates, despite some struggles in 2025.

“Clearly, we have a very, very good player,” Fipp said in December. “If you put him on the streets, there would be a bunch of teams claiming him right away. And the truth is, we’d have a really hard time finding a guy even near the same player as him.”

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