The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Lizzie Tudor who wrote (39107)	8/26/2005 1:55:03 AM
From: CalculatedRisk	Read Replies (1) of 306849

Area faces falling home prices Metro Detroit's housing market looks bleak as auto industry woes, high jobless rate take toll. detnews.com Metro Detroit's housing market has just one thing in common with white-hot real estate in other U.S. cities -- the bottom could fall out in the near future. Unlike San Francisco or Tampa, Fla., however, where rapidly escalating prices have created fear of a housing bubble that might burst, Metro Detroit home prices are in danger of going from stagnant to rapidly declining. <MORE>

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