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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: tejek who wrote (284013)10/16/2010 3:34:06 PM
From: Think4YourselfRead Replies (2) of 306849
 
Housing is quite affordable in the Detroit suburbs as well. Houses near me have held their value quite well in the last 5 years, and sell fairly easily. Condos seem to be selling. Local banks are willing to give loans. Housing construction has restarted. In the last 6 months rush hours have gone back to being as ugly as ever.

The suburbs of Detroit appear to have seen the worst and are recovering.

The Mc-mansions are a different story. It seems they have fallen out of favor.
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