Detroit area long term prices headed up.
August 19, 2010
Housing Markets That Will Be Strongest by 2014
By Venessa Wong, Bloomberg Businessweek
Aug 4, 2010
Since reaching a peak in 2006, home prices in the Detroit area have fallen 60.5 percent, according to the Fiserv Case-Shiller Indexes. As homes have become more affordable—the median home price in Detroit is lower than median family income—demand is expected to pick up. Prices are forecast to jump 33.1 percent over the next four years.