Real Estate Round Up 10/31/17
Millennial Buyers Struggle With Low Housing Supply, Affordability in U.S.
Monsef Rachid worldpropertyjournal.com
"...house 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 grbj.com
"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."
"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."