10 Pros and Cons of Down Payment Assistance Programs

For many future homebuyers, the hardest part of purchasing a home isn’t finding the right place, it’s saving up for a down payment and closing costs. Down payment assistance programs can help renters become homeowners sooner by covering part or all of these upfront costs. In this Redfin article, we’

What Is a Second Mortgage and When Should You Get One?

Key takeaways A second mortgage lets you tap into your home equity while keeping your original mortgage in place. Two common types are home equity loans and HELOCs. It can provide needed cash for major expenses, but it also carries risks – including the potential for foreclosure. When you already ow

50 New Listings in Detroit, September 4, 2025

Detroit’s housing market is somewhat competitive. In July 2025, the median sale price was $105,000, and homes sold in around 42 days. The sale‑to‑list price ratio was 96.4%, with 28% of homes selling above list and 27.3% seeing price drops. Detroit’s median sale price was 74% lower than the national

Assessed Value vs. Market Value Explained: What is My Home Actually Worth?

When you own or are buying a home, you’ll encounter assessed value and market value. While they both measure what your home is worth, they’re used for very different purposes.  Assessed value: The value your local government assigns to your home for tax purposes. Market value: The price a buyer woul