A measure of U.S. home prices rose only modestly in October, adding to signs that prices have stabilized after big gains earlier this year.
It’s the highest-priced home for sale in the state.
Prices were up 19 percent in May, according to the S&P’s Case-Shiller index.
RealComp says while the number of homes sold last month was about even compared to one year ago, the median sales price jumped 40 percent.
A seller’s market for homes and condominiums in southeast Michigan? It’s not as ridiculous as it seems.
The number of home sales in southeast Michigan sagged in February — due to far fewer foreclosure sales — but home prices surged, according to figures released Monday by the Farmington Hills real estate research firm Realcomp II Ltd.
The Detroit-area housing market continued its recovery in December, according to numbers released Monday by the Farmington Hills-based real estate information provider Realcomp II Ltd.
A new report says Metro Detroit’s foreclosure crisis is improving, but some are refuting the relevance of those numbers.
Metro Detroit home sales were down in September compared to a year earlier. It’s the first such year-over-year decline in a year, and came as a result of a sharp drop in foreclosure sales, according to stats released by Farmington Hills-based Realcomp II Ltd.
About 900 people showed in Oakland County on Monday for an auction of foreclosed properties.