Home sales in January rose 10.4 percent from a year earlier across the 10 eastern Michigan counties tracked by the Farmington Hills-based real estate information firm Realcomp II Ltd. And prices turned up in several counties.
ales are up…prices have stabilized. That’s the bottom line of the latest report on home sales in Southeast Michigan
Wayne County was up almost 4 percent, Oakland rose 1.7 percent and Livingston County sales were up nearly 6 percent.
Prices in Detroit declined one-half of a percent from August levels.
Over the past 12 months, prices have fallen in all but two cities: Detroit and Washington.
Prices in three metro areas hit the hardest by the housing crisis – Detroit, Las Vegas and Tampa, Fla. – fell to their lowest points since the recession began.
According to a new report, home prices in the country’s major metro areas, including Detroit, have sunk to their lowest level since 2006.
Home prices are at their lowest in eleven years in many of the country’s major cities.
If the health of the economy is judged by home prices then, according to recent reports, things aren’t going well in metro Detroit. A California-based real estate asset valuation company says home prices in metro […]
A national gauge of home prices ticked up in July for the fourth straight month, but many cities are bracing for declines in the year ahead.