Berkley is the nation's best buy for housing, says Bloomberg Businessweek

Thursday, February 17, 2011 | Source: Bloomberg Businessweek

Affordable and bargain are two words Metro Detroiters are used to hearing when it comes to home buying in the Motor City. Now the Oakland County suburb of Berkley is getting a shout-out as the best bargain U.S. city.

Excerpt:

Berkley, Mich., a city of 14,416, ranked as the most affordable suburb on the list. Says Jane Bais-Disessa, Berkley's city manager, "we are unique in that we offer some of the amenities of a large city, such as a large downtown, but are still small enough that everyone knows everyone." Homebuyers looking at Berkley may find opportunities: The median home-sale price fell to $103,799 last year, from $130,000 in 2008, according to Onboard.

Read the rest of the story here.