Crain’s Detroit Business Reports Detroit Home Sales “Up Sharply” in 2013 – 17.29% Increase

USIG Staff - January 2014

Across the U.S, home prices rose 13.6% - in Detroit, there was a 17.29% increase in prices from a year ago. This home price increase was “the most in more than seven years, signaling the real-estate rebound will keep bolstering household wealth in 2014” reports Crain’s.

Detroit Home prices, home values, and selling prices have been on the incline and economic development in the city has been coincided with the same trends. Metro Property Group has seen tremendous improvement in the Detroit Real Estate Market over the last few years. Foreclosure rates have continuously declined, while home prices, values, and rental rates increased.