Detroit has always been where industry and innovation meet middle America. It’s a city where the effects of economic crises are deeply felt, and where the first signs of recovery often emerge.
That tension is visible today. The stock market continues to post gains while much of the country remains trapped in an “affordability crisis.” Housing costs and interest rates have made homeownership feel beyond the reach of many families. However, recent earnings reports from Detroit-based mortgage giants United Wholesale Mortgage (UWM) and Rocket Companies suggest signs of life in the housing market.
Read Full Article »
