The Revival of Detroit's Housing Market

For the first time in decades Detroit has captured the largest increase in housing units for its seven county metro area, despite still large numbers of people leaving the city on an annual basis.

"For the first time in more than two decades, the city of Detroit recorded more new residential units than any other community in the seven-county metropolitan area. The city granted 1,039 permits for residential housing units last year, according to a preliminary analysis of data released Monday by the Southeast Michigan Council of Governments (SEMCOG). Detroit had an 11% bump from the previous year when the city ranked third in the yearly regional analysis."

"This is showing that Detroit is competitive and attractive compared to the suburbs," said Paul Tait, executive director of SEMCOG.

Full Story: Detroit tops area's hot residential markets

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