S&P http://michiganradio.org en Detroit housing prices down in April, but up from last year http://michiganradio.org/post/detroit-housing-prices-down-april-last-year <p>Detroit housing prices fell 3.6 percent from March to April, but were still higher than they were in April 2011.</p><p><a href="http://www.standardandpoors.com/servlet/BlobServer?blobheadername3=MDT-Type&amp;blobcol=urldocumentfile&amp;blobtable=SPComSecureDocument&amp;blobheadervalue2=inline%3B+filename%3Ddownload.pdf&amp;blobheadername2=Content-Disposition&amp;blobheadervalue1=application%2Fpdf&amp;blobkey=id&amp;blobheadername1=content-type&amp;blobwhere=1245335808401&amp;blobheadervalue3=abinary%3B+charset%3DUTF-8&amp;blobnocache=true">A report released today by S&amp;P/Case-Shiller Home Price Indices</a> shows that, nationwide, home prices rose for the first time in seven months. But Detroit was the only city, of the 20 &quot;metropolitan statistical areas&quot; (MSA&#39;s) they look at, to show a monthly decline.</p><p>The news wasn&#39;t all bad for Detroit.</p><p>Looking annually, Detroit is one of 10 cities that saw prices rise compared with the same period a year ago. On a national level, annual figures ticked downward.</p><p><em>-John Klein Wilson, Michigan Radio Newsroom</em> Tue, 26 Jun 2012 16:15:32 +0000 Michigan Radio Newsroom 8036 at http://michiganradio.org Detroit housing prices down in April, but up from last year Detroit home sale prices improve, while other cities see declines http://michiganradio.org/post/detroit-home-sale-prices-improve-while-other-cities-see-declines <p>A new report says <a href="http://www.bloomberg.com/quote/SPCS20Y%25:IND">home sale prices fell in 19 of 20 major American cities last year.</a> The exception was Detroit.</p><p>Standard&nbsp;&amp; Poors&nbsp;follows monthly and yearly home sale prices. Maureen Maitland is an&nbsp;S&amp;P&nbsp;vice president. She says Detroit&rsquo;s home sale&nbsp;prices bucked the national downward trend last year and actually rose by half a percent in 2011.</p><p>Maitland says a few factors are working in Detroit&rsquo;s favor.</p><p>&ldquo;(Home sale&nbsp;prices)&nbsp;really couldn&rsquo;t fall much lower. It really had bottomed out. It really had suffered a lot in the past two or three&nbsp;years,&quot; said Maitland, &quot;But secondly, the auto industry is picking up. So, on a relative basis, there may be a few more jobs coming into the Detroit market.&rdquo;&nbsp;&nbsp;</p><p>Maitland says it will take another five to seven months of sustained growth to suggest Detroit&rsquo;s housing market might finally be on the rebound.&nbsp;</p><p>And in December, home prices declined slightly in Detroit.&nbsp;&nbsp;</p><p>Detroit homes are selling now at prices that haven&rsquo;t&nbsp;been seen since the mid-1990&rsquo;s. Tue, 28 Feb 2012 18:05:04 +0000 Steve Carmody 6409 at http://michiganradio.org Detroit home sale prices improve, while other cities see declines