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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (284013)	10/16/2010 3:34:06 PM
From: Think4Yourself	Read Replies (2) \| Respond to 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.

To: tejek who wrote (284013)	10/17/2010 12:03:02 AM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

I don't know how they came up with those manipulated figures. I can tell you typical 4/2's in many of those FL markets can be found way below those 'averages'. The market of Port Charlotte for example not that much higher than Detroit and higher end country club/custom home or waterfront is in the $200k+ range and isn't 'typical'. Most everytime I read these headline articles it is suspect and fit and packaged neatly so the data mining meets the agenda of the writer.. or vice versa as the case may be...lol I can tell you those Case Shiller and realty trac figures fooled a lot of folks here into believing housing in many markets was still crashing the past 18+ months. Only if you are on the ground in the biz looking at apples to apples comps or the saviest of buyers that know a hood inside out do you really know the true story..