Home sales with mortgages are rare in Detroit, occurring in just a few areas. Use the slider in the middle of the image below to see where the cash sales (red) are compared with sales via mortgages (blue).
for the map/Bridge map by Mike Wilkinson:
Few mortgages in Detroit
Most home sales in Detroit require cash; only 19 percent of the 3,800 sales in 2016 involved a mortgage, reflecting the difficulty to secure loans in a city where property values are less than half what they were a decade ago. Click on a marker to get more information, including price and year the home was built.
Source: RealComp II
If Detroit Mayor Mike Duggan is to be taken at his word, perhaps he shouldn’t be running for re-election this year.