The Detroit Housing Market: And you thought we were crazy…

February 28, 2012

by Scott Sambucci

4 comments

Business Insider Pop Quiz: Which is the only housing market that showed gains in 2011 (using the Case-Shiller Home Price Index)?

Answer: Detroit

…which is what we’ve been saying for months:

Trend Chart of the Day: Detroit Home Prices on the rise? (Aug 15, 2011)

Top 3 US Housing Markets (Oct 20, 2011)

Imported from Detroit: Chryslers & Housing Strength (Oct 25, 2011)

{ 4 comments }

Michael Iossa March 13, 2012 at 11:34 am

Looks like things may be turn for the better. It's still jobs though. The low rates are terrific for buyers but many potential buyers still can't qualifiy becuse of their job situatio.

Carmen Brodeur April 6, 2012 at 9:29 pm

Phoenix will be next. The market is turning there as well.

Patent tescili April 16, 2012 at 11:20 pm

Looks like things may be about-face for the better. It's still jobs though. The low ante are agitating for buyers but abounding abeyant buyers still can't qualifiy becuse of their job situatio

Rene McConnel October 17, 2012 at 9:34 am

After the Phoenix Metro area that Carmen said it may be Scottsdale or Gilbert Real Estate to follow :(

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