Detroit home prices - Articles

Home Demolition Costs in Detroit Exceed Property's Value in Many Cases

costs-home-values Burnt-out, dilapidated homes aren't worth much. So just tear it down, you say? Now that'll cost you. In Detroit, a city littered with the ruins of abandoned homes, the cost of demolishing beat-down properties, in many cases, is more than the homes themselves are worth. Take the case of Dream Hampton, an... Continue Reading »

U.S. Home Prices Up 2.2% in May

By Les Christie In a sign that the U.S. housing market is recovering, home prices rose for the second straight month in May, according to an industry report issued Tuesday. Home prices climbed 2.2 percent compared with a month earlier, according to the S&P/Case-Shiller 20-city home price index. Prices are still off... Continue Reading »

Case Shiller: Home Prices Sink, Double Dip Looms

Home prices in 11 key markets reached new lows in the month of January, according to housing data released Tuesday, rekindling fears of a double dip in the housing market. Of the 20 housing markets surveyed by the S&P/Case-Shiller Index, only two metropolitan areas -- Washington, D.C., and San Diego-- posted... Continue Reading »

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