real estate

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People who have homes on the sandy, eroding shores of Lake Michigan don’t have a lot of protections when it comes to insurance coverage. 

Regular homeowners insurance does not cover flooding or any land movement, including erosion of the land beneath a structure.

Banks that give loans to lakefront homes require flood insurance, which could possibly provide some erosion coverage.

The Association of State Floodplain Managers Alan Lulloff says erosion that happens after a storm could be covered.

Gary Langley / Interlochen Public Radio

This week on Points North, how rising water levels and shoreline erosion are threatening homeowners on the coast of Lake Michigan.

Plus, how businesses in Fishtown are already falling into the water.

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Counties across Michigan are being sued over a common foreclosure practice. When a foreclosed home is auctioned by the county, they keep the profits.

This is the time of year when For Sale signs start popping up with the spring crocuses and tulips. But the home-buying season might be a challenge this year in Grand Rapids, despite high home prices.

A Grand Rapids non-profit group is hoping to boost the inventory of affordable housing in West and Mid-Michigan.

The Inner City Christian Federation is working to secure 177 houses in the Grand Rapids and Lansing areas.

CEO Ryan VerWys said the price of homes in Grand Rapids is going up “way faster” than people’s income.