Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: UncleBigs who wrote (70921)	10/4/2006 9:46:33 AM
From: orkrious	Respond to of 110194

Has the Detroit area had any home appreciation in the last 5 years? To get an accurate answer I'd have to ask my wife to do some comps and she's not here. My guess is there are some areas such as Royal Oak and Ferndale that have sales (occasionally) that still have some five-year appreciation. I am sure there are a lot of houses everywhere else that have asking prices with five year appreciation. My wife has told me of some sales where people paid too much and paid 2003 prices. I suspect there are very, very few actual sales with prices higher than five years ago. I am sure some sales are at prices no higher than in the late 90s.