A new study finds that homeowners in the United States spend an average of $18,000 per year on expenses as the price of a home is rapidly rising.

Potential homeowners in Ann Arbor have the fifth-fastest rate for saving money out of 174 metro areas across the United States according to RentCafe.

I wanted to own something," Dina HarrisThat’s the reason Harris started National Faith Homebuyers, a faith based non profit in Detroit. Now, 24 years later, national faith homebuyers places anywhere form two to three hundred families in a home to call their own every year. National Faith Homebuyers can help you overcome any obstacle to homeownership. With offices in Downtown Detroit, Westland and Atlanta, National Faith Homebuyers has helped people all across Metro Detroit and beyond get into a home. We don’t care!”For more information on National Faith Homebuyers, go here.

DETROIT – When the sub-prime bubble popped, an estimated 10,000 Detroiters lost their homes -- many of them because their homes were over-assessedThe Detroit City Council announced a new plan Tuesday that features an eight-part program aimed at giving those who lost their homes a path to owning a new home in Detroit. The plan is likely to pass as five of the nine councilmembers are co-sponsors. The program includes:50% discount on any auction or Detroit Land Bank propertyPreferential hiring for the City of DetroitChildren and grandchildren getting preference to paid youth programsPreferential access to Detroit at work job search and career servicesPreferential enrollment in the City’s Rehab AcademyPreferential enrollment in the Senior home retro-fit programPreference for the occupancy of affordable housingPreferential access to financial counselingThere were a variety of reasons people lost their home. For instance, those who were in arrears for taxes may not be eligible, but if you were in arrears because of the over-assessment, you will be eligible for the programs.