Detroit Market Stagnant

Those of us on the west coast may be fearful that the housing market might return to normalcy, but back in Detroit, they've really got real issues. A new report finds that the metro area is one of 15 of the riskiest areas for falling home prices. Check out this story by R.J. King of The Detroit News:

Metro Detroit's housing market has just one thing in common with white-hot real estate in other U.S. cities -- the bottom could fall out in the near future.

Unlike San Francisco or Tampa, Fla., however, where rapidly escalating prices have created fear of a housing bubble that might burst, Metro Detroit home prices are in danger of going from stagnant to rapidly declining.

Find the full story at this link.

— The Boy in the Big Housing Bubble