Where can I get a report about the state of the real estate market in Detroit and in the whole USA?
Is there anything like that?
A report that shows the price movements and explains the factors for price reduction/increase.
Sort of. While there’s no exact report that comes out regularly on what you need, there are reports which still address your question. I would try zillow.com first, they have an economist and shows the trends and housing values across the U.S. I’m putting two different resources I came across on that site below. Hope this helps.
February 20th, 2010 at 5:26 am
Google it – Detroit is one of THE worst real estate markets in the country – massive loss of jobs ( auto industry) abandoned homes – house prices under $10,000, but there are no jobs and no rental market if you are buying for investment, high criem city, dangerous for families
prices are only moving down
References :
February 20th, 2010 at 6:05 am
Sort of. While there’s no exact report that comes out regularly on what you need, there are reports which still address your question. I would try zillow.com first, they have an economist and shows the trends and housing values across the U.S. I’m putting two different resources I came across on that site below. Hope this helps.
References :
Top 10 Cities to Bargain for a House
http://www.zillow.com/blog/top-10-cities-to-bargain-for-a-house/2010/02/16/
Zillow’s Chief Economist Stan Humphries on FOX Business
http://www.zillow.com/blog/zillows-chief-economist-stan-humphries-on-fox-business/2010/02/15/