Detroit Housing Market continues to improve

In August 2013 I wrote Is Detroit real estate a bargain?

This article Detroit prices up 15% in August suggests the answer is Yes.

At an event called Detroit Homecoming this week, Warren Buffett commented that Detroit will be better, stronger after bankruptcy, while Michael Bloomberg stated that Detroit Is Just Like 1970s New York, And That’s A Good Thing.

Not long ago Detroit was not only written off as a disaster area but also held up as the example of what would likely happen to other former industrial cities. Signs of recovery are, therefore, particularly encouraging.

If you – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, feel free to contact me on 617.834.8205 or [email protected].
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty
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