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Detroit, MI

Real estate market isn’t cooling just yet

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Real estate market isn’t cooling just yet


Illustration: Sarah Grillo/Axios

Metro Detroit’s actual property market is holding regular for now.

Why it issues: We maintain listening to a couple of market crash, however to date, native knowledge would not help that declare. Pending dwelling gross sales are up 4.6% and median dwelling sale costs are up 6.25% from Could 2021 to Could 2022, whereas new listings are up 7.4%.

Zoom in: Whereas knowledge reveals the market holding regular, actual property brokers on the bottom say consumers are negotiating with slightly extra leverage, per the Free Press.

  • Bidding wars nonetheless occur, however some consumers at the moment are capable of negotiate a gross sales worth just below the itemizing.
  • “A 12 months in the past, you have been negotiating up, not down,” agent Abe Taleb of RE/MAX Main Edge in Dearborn Heights instructed the paper.

Information: Redfin; Chart: Kavya Beheraj/Axios

Zoom out: Nationally, mortgage functions have been down 24% in the identical time interval. On common, 6.5% of sellers dropped their asking worth every week in June, per Redfin’s newest market replace.

  • In June, nationwide pending dwelling gross sales have been down 13% from this time final 12 months, the most important decline since Could 2020, Redfin’s report acknowledged.

What we’re watching: New listings and pending gross sales. If extra listings flood the market this summer season and consumers do not chew, that is after we would begin to see extra energy shift into consumers’ fingers.

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Detroit, MI

Detroit-Washington game includes astronomical ticket prices

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Detroit-Washington game includes astronomical ticket prices


It’s become apparent that three things are guaranteed in life: death, taxes, and astronomical Detroit Lions ticket prices.

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Sticker shock may have set in at the end of the season as the Lions clinched the NFC North division in the last game of the season when they played the Minnesota Vikings, but that hasn’t stopped the price from climbing.

With Ford Field set to host the team’s first playoff game this weekend, fans are discovering the cheapest prices for the Lions-Commanders game are higher than tickets to three other playoff games combined.

By the numbers:

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Of the four playoff games taking place this weekend, it is the Detroit vs. Washington matchup on Saturday night that will break the bank the most. Here are the lowest prices, according to Vividseats:

  • Houston Texans vs. Kansas City Chiefs – $102
  • Washington Commanders vs. Detroit Lions – $418
  • Los Angeles Rams vs. Philadelphia Eagles – $201
  • Baltimore Ravens vs. Buffalo Bills – $123

It won’t come as a surprise that the cheapest tickets are ones on the upper deck near the endzones. For a spot closer to the field, prepare to shell out more than a thousand.

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The cheapest seats aren’t the only way to gauge the cost of going to the game. 

On the social platform X, ESPN’s Field Yates cited TickPick, which tracks ticket prices, when he said the average price for a ticket to the Lions game is $991 – making it the most expensive non-Super Bowl NFL game ever.

StubHub, another ticket reseller, said the Commanders-Lions game was outselling the second-best-selling game between the Ravens and Bills by 188%.

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Dig deeper:

The discovery of expensive tickets is a product of having a successful sports team. 

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Some unsuspecting fans have gotten burned by scammers as a result. One fan lost $400 on Facebook after trying to purchase two tickets for himself and his son.

StubHub has some quick tips for anyone who does plan on buying tickets:

  • Don’t pay cash
  • Use a trusted service
  • Don’t share ticket barcodes on social media

Additionally, buyers should be wary of anyone on social media selling tickets – especially accounts offering bargains on tickets that appear to be too good to be true.

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“The game between the Commanders and Lions has all the makings of a high-demand matchup – a team that just won its first playoff game since 2006 competing against America’s favorite team. It’s the hottest ticket of the weekend by far, nearly tripling the sales of the other divisional round games,” said Adam Budelli, a spokesperson with StubHub.

Detroit LionsFord Field



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Detroit, MI

Detroit gets millions from feds to install ‘high-speed’ EV chargers

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Detroit gets millions from feds to install ‘high-speed’ EV chargers


Tim Slusser says the city of Detroit has an end goal for its electric vehicle charging infrastructure plans.

“In the future, you won’t be any farther than 3 to 5 miles from a charging station no matter where you are in the city of Detroit,” Slusser, the city’s chief of mobility innovation, told the Free Press on Tuesday.

A new federal grant award to the city and region should help.

On Friday, the city of Detroit and the Southeast Michigan Council of Governments were awarded almost $15.2 million to boost EV charging in the region. This grant, along with a similar $23.4 million grant last year, are expected to help the city install more than 100 “high-speed” EV charging stations across 40 locations, according to the announcement Tuesday.

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The latest grant to Detroit and the region were part of a wider announcement from the Federal Highway Administration for 49 projects nationwide funded by the Bipartisan Infrastructure Law.

Currently, Detroit has around 300 public and private charging stations, close to 30 of which are DC fast charging, which are “as close to the gas station experience as you can get,” Slusser said, noting that’s simply not enough.

Those locations include places like recreation centers and even Meijer stores, Slusser said.

“We really wanted to address some remaining gaps in our EV infrastructure strategy as well as to tie those assets into some other transportation modalities,” Slusser said, referencing locations where drivers can park and access scooters, bike share or other transit options.

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Outside the city, SMART bus park and ride and carpool lots will be areas of focus. The goal is to have higher speed chargers along major corridors and places where shorter charging times are important. Slower speed, Level 2 chargers that deliver approximately 25 miles of range per hour plugged in, would be located in areas where people might plan to leave their vehicle while they grab a bite to eat or see a show.

The intent is also to give a wide range of people access to EV charging, including those living in multifamily units, and to reduce vehicle emissions in the city.

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Mayor Mike Duggan, in a news release, said “electric vehicles are the future of the auto industry and Detroit is going to support that shift by making sure we have a network of safe, convenient and easy-to-find high-speed charging stations for people to use.”

Slusser said specific locations should be available soon. The release noted that installation of the first stations are expected to take place in the spring, with all chargers installed over the next few years. The effort is being marketed as the Detroit Charge Ahead: Clean Commute Program.

Contact Eric D. Lawrence: elawrence@freepress.com. Become a subscriber. Submit a letter to the editor at freep.com/letters.



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Detroit, MI

Detroit Lions superfan gears up for playoffs

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Detroit Lions superfan gears up for playoffs


Detroit Lions superfan gears up for playoffs – CBS Detroit

Watch CBS News


The excitement over the Detroit Lions is at a fever pitch, but no one is more ready for a Super Bowl run than the superfans.

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