Tag: Detroit

'A Detroit Startup Aims to Reinvent the City's Housing Market

Detroit startup real estate developers had finally given longtime residents a stake in their neighborhood's revitalization. Most of the brick mansions built in Detroit's auto industry boom had fallen into neglect. In these dilapidated historic homes though, David Alade and Andrew Colom, collegemates with a passion for social justice and urban planning, saw an opportunity.

'Study: Homeownership Better In Building Wealth

According to the latest BH&J Index, homeownership was a much better way to produce wealth than renting.

'$51K Annual Income is Required to Afford an Average US Home according to Study

In some cities in America, one needs to earn well above the United States' median income to afford a decent home. A recent study released by mortgage information resource website HSH.com stated that the average American needs to make over $51,000 a year to afford an average home in the U.S.
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