Over the past 12 months, prices have fallen in all but two cities: Detroit and Washington.
Across the nation, sales of new homes fell to a six-month low in August. But Michigan is defying the national downturn.
In Michigan, foreclosure-related sales accounted for about 41% of all sales in the state during the second quarter.
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.
Fewer homes for sale and fewer days on the market. That’s the word from the real estate reporting agency Real Comp.
December home sales plunged nearly 12 percent from year-earlier levels across southeast Michigan, according to the Farmington Hills real estate information provider Realcomp II Ltd.
Home sales tumbled but median prices rose across southeast Michigan in August, according to the Farmington Hills real estate information firm Realcomp II Ltd. Overall, the 11-county area surveyed by Realcomp had 5,281 home sales […]
Sales of previously occupied homes plunged last month to the lowest level in 15 years, despite the lowest mortgage rates in decades and bargain prices in many areas.
The depressed-market home sellers’s guide to price cutting.
The Dow Jones industrial average has had its third straight triple-digit advance after investors got some unexpected good news about the economy.