housing prices

Stateside
4:05 pm
Thu December 12, 2013

How will Michigan's housing market fare in 2014?

Will it be a buyers or sellers year for Michigan's housing market?
Katy Batdorff

One of the common traditions as we end one year and begin another is taking stock — reviewing where we've been and figuring out where we want to go in the New Year.

A good place to focus that review would be finances, and the prospects for the housing market.

A consumer credit forecast was released today that can give us a look into where Michigan’s market may be headed in 2014.

Listen to the full interview above.

Business
3:01 pm
Tue November 12, 2013

Metro Detroit housing prices up 42% from last year

Housing prices are increasing in Michigan.
Credit Steve Carmody / Michigan Radio

Median housing prices in Metro Detroit are up 42 percent over last year, according to the Realcomp real estate listing service.

Prices have been rising steadily for the past ten months.

The report showed an increase in housing prices from last October. Realcomp surveyed 13 areas in Michigan. There was a 40% increase in prices overall. Macomb County saw the greatest increase, jumping from a median price of $82,000 to $119,900. Lapeer County saw the smallest increase, at 6 percent.

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Economy
4:48 pm
Tue July 23, 2013

Metro Detroit housing prices up 45%

Credit Bradley Gordon / Flickr

Housing prices in Metro Detroit are up 45% over last year according to data released on Monday by the Realcomp listing service.

Allen Daniels is the director of the Michigan Association of Realtors. He says home prices are up because the number of properties for sale are down.

Daniels says limited supply combined with low mortgage rates and an improving economy are raising home prices.

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