Monthly Archive for April, 2017

Detroit’s Home Lending Market

This recent article in Crain’s Detroit shows how far Detroit’s comeback has to go to be successful. Only 19% of home sales were via mortgages; however, that is an improvement.

Home mortgages remain a Detroit rarity
Joel Kurth and Mike Wilkinson | Crain’s Detroit
March 30, 2017
Can you call it a comeback if home loans are written only in a few neighborhoods?

The article has an interactive graphic that allows one to get more information on home sales – cash/mortgage, year built, and price. And, you can zero in on specific neighborhoods and streets. The data are from Real Comp II

detroit home sales

[Click to explore home sales data]