Top 10 Bargain Markets for Homebuyers
Home prices in these cities show double-digit drops over the past year
By Annalisa Burgos, FrontDoor.com | Published: 3/18/2009
Detroit's home prices dropped more than 16 percent in 2008.
Bargain Market #9: Detroit, MI
Home prices have fallen 16.42 percent over the past year in this Midwestern metropolis, as job losses fueled a flood of foreclosures on the market. But Detroit is committed to restoration and revitalization, as evidenced by its mix of historic districts and new developments.
- Explore 5 great neighborhoods in Detroit in FrontDoor's City Guide
- Browse homes for sale in Detroit, MI
- Get tips and advice for living in a big city in our Urban Living Guide
- Know the factors of a smart real estate investment
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