detroit home sales http://michiganradio.org en Development group having success in attracting new residents to Detroit http://michiganradio.org/post/development-group-having-success-attracting-new-residents-detroit <p></p><p><span style="line-height: 1.5;">It's no secret that the Great Recession took a huge toll on Michigan's population.</span></p><p><span style="line-height: 1.5;">Our state population dropped for six straight years, leveled out from 2010-2011, and increased slightly from 2011-2012.</span></p><p><span style="line-height: 1.5;">For many cities and neighborhoods, the post-recession challenge is getting new residents back into vacant homes.</span></p> Wed, 28 Aug 2013 21:04:50 +0000 Michigan Radio Newsroom 14183 at http://michiganradio.org Development group having success in attracting new residents to Detroit Looking for a little 'fixer-upper?' Try Detroit or Lansing http://michiganradio.org/post/looking-little-fixer-upper-try-detroit-or-lansing <p>Potential home buyers looking for a fixer-upper may want to look in Detroit or Lansing.</p><p></p><p>Realty Trac is out with a list of the 15 cities with the largest number of bank-owned homes on the market that were built before 1960 and valued at under $100 thousand.</p><p></p><p>Detroit tops the list, with nearly four thousand older homes with an average estimated value of just over $40 thousand. Lansing comes in 15<sup>th</sup>, with more than 500 pre-1960 homes with an average estimated value of $56 thousand.</p><p></p> Thu, 06 Jun 2013 04:38:00 +0000 Steve Carmody 12903 at http://michiganradio.org Looking for a little 'fixer-upper?' Try Detroit or Lansing Detroit home sale prices continue to improve http://michiganradio.org/post/detroit-home-sale-prices-continue-improve <p>Detroit’s real estate market posted some of the strongest price gains in the nation in 2012.</p><p></p><p>The just released S&amp;P/Case-Shiller Home Price Index charts home sale prices in the nation’s twenty largest cities.</p><p></p><p>Detroit home sale prices rose more than 13 percent last year, the third highest percentage increase in the survey.</p><p></p><p>Craig Lazzara is the head of Index Investment Strategy at S&amp;P Dow Jones Indices. He compiled the report. Lazzara says, despite the rise in prices, homes in Detroit are still selling for about what they did in 1997.&nbsp;</p> Tue, 26 Feb 2013 16:38:40 +0000 Steve Carmody 11420 at http://michiganradio.org Detroit home sale prices continue to improve Detroit home sale prices may soon flirt with record lows http://michiganradio.org/post/detroit-home-sale-prices-may-soon-flirt-record-lows <p>Detroit home prices are on track to break their record lows this fall.&nbsp;&nbsp;&nbsp;Detroit home prices are nearly 80% below where they were in 2005.&nbsp;&nbsp; That&rsquo;s actually a slight improvement.&nbsp;&nbsp;&nbsp;&nbsp; Clear Capitol says Detroit home prices bottomed out in the first quarter of 2009, at the worst of the recession.</p><p>But Clear Capitol&rsquo;s Alex Villacorta&nbsp;says sharp declines in home prices during the last three months and the weakening economy may push prices back down this fall.&nbsp;</p> Thu, 04 Aug 2011 05:01:01 +0000 Steve Carmody 3596 at http://michiganradio.org Detroit home sale prices may soon flirt with record lows