Real Estate Round Up 10/31/17

Millennial Buyers Struggle With Low Housing Supply, Affordability in U.S.
Monsef Rachid

" hunters faced mounting odds in finding their first home. Multiple offers were a common occurrence, investors paying in cash had the upper hand, and prices kept climbing, which yanked homeownership out of reach for countless would-be buyers."   Yun, NAR chief economist

Foundations award $300K to Grand Rapids for eviction prevention
Rachel Watson

"The Grand Rapids City Commission said last week it received $150,000 from the Steelcase Foundation and $150,000 from Grand Rapids Community Foundation to support an eviction prevention program in the 61st District Court."

'On the map': Municipalities, real estate investors explore state’s new pot opportunities
Nick Manes

"As Michigan prepares to begin licensing medical marijuana businesses at the end of this year, the industry hopes for a windfall of new business and development opportunities, at least for communities willing to take advantage of them."