The question of what is going to happen to the 7,900 properties that did not sell in the Wayne County foreclosure auction in October appears to have been answered.
The Detroit News reports that the little-known, quasi-government entity Detroit Land Bank Authority will be taking on the nearly 8,000 properties.
Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!see full bio
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Why housing demand is up and inventory is down in 2026
Pending sales rose to 75,856 vs 72,039 in 2025 as inventory turned negative year over year with mortgage rates near 6.58%.
Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!see full bio