Detroit housing market imploding

December 21st, 2006 by mgkimsal Leave a reply »

For as much as I liked our houses in Michigan, it doesn’t look like a good time to be there.  I would really like to be back in our house in Ypsilanti, as it was nice (we’d just finished the basement and all that) but I fear that now, if we were back in Michigan and had to move for some reason, we’d be stuck.  This article points out that 1 in 80 houses in metro Detroit started foreclosure proceedings *just* in Q3 of 2006.  That’s an insane percentage, and doesn’t seem to be letting up any time soon.

Share and Enjoy:
  • del.icio.us
  • DZone
  • Facebook
  • Reddit
  • StumbleUpon
  • Digg
  • Simpy
  • Technorati
Advertisement

Leave a Reply