Detroit housing sales up 4 percent
Motor City housing sales are up 4 percent from last November, continuing the city’s upward trend. Experts say young urban pioneers and out-of-town investors are responsible for the upswing.
Motor City housing sales are up 4 percent from last November, continuing the city’s upward trend. Experts say young urban pioneers and out-of-town investors are responsible for the upswing.
Excerpt:Â
During November, 723 homes and condominiums were sold in Detroit — compared with 845 sales in Oakland County, and 504 sales in Macomb County.
In pending sales, those considered imminent, Detroit showed a 27 percent increase for November 2007 compared with 2006.
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