Tuesday, December 31, 2013

Latest News on Metro Detroit Home Prices Still Good News

Yes, home prices in metro Detroit are still going up, and going up faster than the national average.  Of course, they are still well below national averages and still 25% below peak.  Still, this continues the positive trends.

Incidentally, the article from the Freep notes a shortage of available inventory locally as part of the reason for the higher prices.  There certainly is a shortage of choices out there these days.

http://www.freep.com/article/20131231/BUSINESS04/312310077/Case-Shiller-index-metro-Detroit-October-2013-numbers