Northern Michigan real estate booms as builders struggle to meet demand
Northern Michigan real estate booms as builders struggle to meet demand Zholdas Orisbayev Lansing — Michigan builders are prioritizing the construction of higher value homes to gain more profit, a market driven in part by the pandemic. But the state lacks housing for moderate-income buyers, such as the workers who build the high-end homes, experts say. “Some homebuilders in resort areas of Michigan, such as Emmet, Charlevoix, Cheboygan, Otsego and Grand Traverse (counties), are booked for two years ahead and they are not talking with new clients to create projects,” said Janet Chamber...
Source: detroitnews.com