home ownership http://michiganradio.org en Michigan’s foreclosure activity drops, as nationwide number hits lowest since 2006 http://michiganradio.org/post/michigan-s-foreclosure-activity-drops-nationwide-number-hits-lowest-2006 <p></p><p>Is America climbing out of the foreclosure hole dug during the Great Recession?</p><p>That's the question tackled in reports from Realty Trac, which keeps a close watch on real estate data. Its <a href="http://www.realtytrac.com/statsandtrends/foreclosuretrends/mi">Midyear 2014 U.S. Foreclosure Market Report</a> is out today.</p><p>The report shows that U.S. foreclosure activity in June decreased 16% from a year ago to lowest level since July 2006, the month before the housing-price bubble burst. In Michigan, the foreclosure activity was also bac<span style="line-height: 1.5;">k to a lower level than the number before the housing bust.</span></p><p>Daren Blomquist, a Vice President with Realty Trac, discussed three reasons behind this slowdown in foreclosures.</p><p> Thu, 17 Jul 2014 21:56:23 +0000 Stateside Staff 18414 at http://michiganradio.org Michigan’s foreclosure activity drops, as nationwide number hits lowest since 2006 Detroit residents: Developer is trying to force us out of homes he doesn't own http://michiganradio.org/post/detroit-residents-developer-trying-force-us-out-homes-he-doesnt-own <p></p><p><span style="line-height: 1.5;">A group of Detroit residents says a developer is trying to throw them out of homes he doesn’t even own.</span></p><p>Developer Peter Barclae built the Gratiot McDougall Homes in 2006 with the help of federal grant money.</p><p>The homes were built specifically for <a href="https://www.detroitmi.gov/DepartmentsandAgencies/PlanningDevelopmentDepartment/AffordableDetroitHomes.aspx">Detroit participants in the federal HOME Investment Partnerships program,</a> run by the US Department of Housing and Urban Development.</p> Thu, 26 Jun 2014 04:07:44 +0000 Sarah Cwiek 18157 at http://michiganradio.org Detroit residents: Developer is trying to force us out of homes he doesn't own Stateside for Monday, December 16th, 2013 http://michiganradio.org/post/stateside-monday-december-16th-2013 <p><span style="line-height: 1.5;">The Great recession and the accompanying housing meltdown changed the way many of us think about home-ownership. For decades, owning a home seemed to be part of the American Dream, but that dream has changed. On today’s show -- the rise of renters and what it means for the state’s housing market.</span>Then, this month marks the 100 year anniversary of one of the most painful chapters in Michigan’s labor history. We explored the Copper Country Strike of 1913 later in the hour.</p><p>And, the U.S. birth rate is at a record low as more and more married couples choose to remain child free. We spoke with the director of the Childless by Choice Project about what goes behind this choice and what are the future consequences.</p><p>First on the show,&nbsp;<span style="color: rgb(51, 51, 51); line-height: 22px; font-family: Georgia, Times, serif; font-size: 15px;">Back in 2010, the State Board of Education approved the Common Core State Standards for Michigan — a set of math and English goals for K-12 students.</span></p><p style="padding: 0px; border: 0px currentColor; color: rgb(51, 51, 51); line-height: 22px; font-family: Georgia, Times, serif; font-size: 15px; margin-bottom: 15px; vertical-align: baseline;">School districts across the state have spent the past three years integrating the standards into their curriculums. At the same time, we've heard a lot of political debate about Common Core, mostly about the involvement of the federal government in our classrooms.</p><p style="padding: 0px; border: 0px currentColor; color: rgb(51, 51, 51); line-height: 22px; font-family: Georgia, Times, serif; font-size: 15px; margin-bottom: 15px; vertical-align: baseline;">But in October of this year, state lawmakers OK'd funding for Common Core, and now it is becoming a reality in Michigan classrooms.</p><p style="padding: 0px; border: 0px currentColor; color: rgb(51, 51, 51); line-height: 22px; font-family: Georgia, Times, serif; font-size: 15px; margin-bottom: 15px; vertical-align: baseline;">We wanted to find out: What does this mean — day-in, day-out — for Michigan's students?</p><p style="padding: 0px; border: 0px currentColor; color: rgb(51, 51, 51); line-height: 22px; font-family: Georgia, Times, serif; font-size: 15px; margin-bottom: 15px; vertical-align: baseline;">What does a school year under Common Core really look like?</p><p style="padding: 0px; border: 0px currentColor; color: rgb(51, 51, 51); line-height: 22px; font-family: Georgia, Times, serif; font-size: 15px; margin-bottom: 15px; vertical-align: baseline;">Joining us is Naomi Norman, the executive director of Achievement Initiatives at Washtenaw Intermediate School District and Livingston Educational Service Agency.</p><p> Mon, 16 Dec 2013 22:28:19 +0000 Stateside Staff 15711 at http://michiganradio.org Stateside for Monday, December 16th, 2013 Is it better to buy or rent a house in Michigan? http://michiganradio.org/post/it-better-buy-or-rent-house-michigan <p>If you're a baby boomer, chances are you grew up with your parents pounding one basic truth of life into your head, and that truth was that you are always better off owning your own home rather than renting.</p><p>Well, the Great Recession and its housing meltdown certainly gave us some new thoughts on renting versus buying.</p><p>An Oakland County developer remarked that of late, he's seen more baby boomers deciding to skip home ownership and go with renting.</p><p>We wondered how things are looking in Michigan, the housing market and renting versus buying.</p><p>Daren Blomquist, Vice President of RealtyTrac, joined us today.</p><p><em>Listen to the full interview above.</em></p><p> Mon, 16 Dec 2013 22:10:49 +0000 Stateside Staff 15708 at http://michiganradio.org Is it better to buy or rent a house in Michigan? Home prices are 'going strong,' which means more home equity loans for homeowners http://michiganradio.org/post/home-prices-are-going-strong-which-means-more-home-equity-loans-homeowners <p></p><p><span style="line-height: 1.5;">We see Michigan home prices, by and large, climbing back up from the depths of the Great Recession.&nbsp;</span></p><p>Detroit-area home prices were 16% higher since less than one year ago. That's according to the Standard &amp; Poor's Case-Shiller&nbsp;home price index. That means that home prices in the six counties of southeast Michigan are higher than they've been since 2008.&nbsp;</p><p>Rebounding home values means that more people are able to tap into cash through home equity loans. But, if you're eyeing a home equity loan, be careful.</p><p>That's the advice from Detroit Free Press personal finance columnist Susan Tompor.</p><p><em>To listen to the audio interview, click the link above.</em></p><p> Wed, 28 Aug 2013 18:32:17 +0000 Michigan Radio Newsroom 14176 at http://michiganradio.org Home prices are 'going strong,' which means more home equity loans for homeowners Dearborn puts limits on what a garage can be http://michiganradio.org/post/dearborn-puts-limits-what-garage-can-be <p>There's been a new development in the debate over garages in Dearborn.</p><p><a href="http://www.michiganradio.org/post/garages-should-not-be-used-living-spaces-according-dearborn-city-officials">You may recall</a> some residents in Dearborn have been using their garages as gathering spaces, some equipped with sliding glass doors, couches, refrigerators, water pipes, and TVs. This has been especially popular with Dearborn's large Arab community.</p><p>This week, the Dearborn Planning Commission approved changes in rules governing the way Dearbornites may use their garages, and there are those in the Arab community who feel these rule changes are a direct slap at them.</p><p>Jeff Karoub has been covering this debate for the Associated Press and he joined us today from Detroit.</p><p><em>Listen to the full interview above.</em></p><p> Thu, 15 Aug 2013 21:02:47 +0000 Stateside Staff 14005 at http://michiganradio.org Dearborn puts limits on what a garage can be Garages should not be used as living spaces, according to Dearborn city officials http://michiganradio.org/post/garages-should-not-be-used-living-spaces-according-dearborn-city-officials <p><span style="line-height: 1.5;">Should homeowners be allowed to do pretty much whatever they want with their garages, as long as it doesn't bother neighbors?</span></p><p>That's the essence of a growing debate in Dearborn, where a desire by some residents, largely Arab-Americans, to use their garages as living space is being met with resistance at City Hall and the prospect of tighter garage ordinances.</p><p>Jeff Karoub is with the Associated Press, covering issues pertinent to the Arab-Muslim community, and he joined us today.</p><p><em>Listen to the full interview above.</em></p><p> Tue, 09 Jul 2013 21:46:15 +0000 Stateside Staff 13440 at http://michiganradio.org Garages should not be used as living spaces, according to Dearborn city officials Changing Expectations: Considering every variable is difficult, if not impossible http://michiganradio.org/post/changing-expectations-considering-every-variable-difficult-if-not-impossible <p>Michigan Radio is partnering with Changing Gears to share stories about how people are planning ahead and how their expectations have changed in light of the recession. You can read those stories <a href="http://chgears.tumblr.com" target="_blank">here</a>.</p><p>Angela Dugan writes:</p><blockquote><p>I am doing better than my parents, mostly because I am not a stay at home mother like my mother was. I also make more money than my husband.</p><p>We are working on starting a family, and I am struggling with the decision to stay at home or continue to work. It is both a question of what&rsquo;s feasible economically, and what is best for our children.</p><p>My biggest concern is being able to afford a lifestyle that we are happy with if I choose to stop working once we have children. I make more money than my husband, so it would be a big change unless he ends up being the one that stays home. We are currently renting a home we could not sell, but at a huge loss, and our new home needs a lot of repair work.</p><p>To some extent, I feel that even though I&rsquo;m doing the best I can to invest wisely and save as much as I can, a lot of variables are simply out of my immediate control.</p></blockquote><p><em>You can help us cover this topic by sharing your story. How are you planning for what comes next? Tell us by <a href="https://www.publicinsightnetwork.org/form/changing-gears/9b8aacef70c4/how-are-you-finding-your-way-in-the-economy" target="_blank">following this link</a>.</em></p><p><em style="margin: 0px; padding: 0px; border-width: 0px; outline-width: 0px; vertical-align: baseline; background-color: transparent; color: rgb(51, 51, 51); font-family: 'Helvetica Neue',Helvetica,Arial,sans-serif;">This story was informed by the Public Insight Network. If you want to learn how to be a part of our network, click&nbsp;<a href="http://www.publicinsightnetwork.org/form/changing-gears/f8f8b186694f/help-us-cover-this-story" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; color: rgb(17, 73, 153); font-weight: bold; " target="_blank">here</a>.</em> Thu, 19 Apr 2012 15:59:59 +0000 7105 at http://michiganradio.org Changing Expectations: Considering every variable is difficult, if not impossible