Home values rising fast in Metro Detroit, but from the bottom (MLive)

December 26, 2012 – The latest S&P/Case-Schiller Home Price Index, released Wednesday morning, shows that residential real estate values continue to climb rapidly in the Detroit area. Home prices in Metro Detroit rose 10.0 percent year-over-year in October, making it the second fastest growing area in the 20-city index, behind only Phoenix, where values grew 21.7 percent. Across all 20 cities on the index, home values increased 4.3 percent annually in October. Twelve of the 20 cities saw declines in values during the month, including Chicago and New York.

Link to Full Article: http://www.mlive.com/business/detroit/index.ssf/2012/12/home_values_rising_fast_in_met.html


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s