A Tale of Five Cities - Detroit

Wednesday, May 07, 2008

Detroit

The NBR series A Tale of 5 Cities looks at impact the housing crisis is continuing to have on five different regions of the U.S. In this report, NBR Midwest Bureau Chief Diane Eastabrook examines real estate in Detroit.



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S&P/Case-Shiller Home Price Indices

This chart compares Detroit home prices to the composite home prices of 20 cities.

External Links/Articles*

• City of Detroit
  This links to the City of Detroit's offical website, which contains information for residents, businesses, and visitors.
• S&P/Case-Shiller Home Price Index
  The S&P/Case-Shiller Home Price Index "measures the residential housing market, tracking changes in the value of the residential real estate market in 20 metropolitan regions across the United States." Diane Eastabrook cites the index in her report.
• State of Michigan (PDF Document)
  This links to a "Foreclosure Fact Sheet" published by the Michigan State Housing Development Authority.
• University of Michigan
  This links to a University of Michigan podcast from February 21, 2008. The title of the podcast is "Subprime Crisis -- What's Really Going On?" It features a Q&A with Robert Van Order, a real estate and finance professor at the university. Van Order is interviewed in Diane Eastabrook's report.
• Urban Detroit Wholesalers
  Urban Detroit Wholesalers is a Detroit firm that buys foreclosed properties, fixes them up, and resells them as "wholesale investments." One of the firm's owners is Jared Pomranky, who is interviewed in Diane Eastabrook's report.

*Clicking these external links will take you off the NBR web site on PBS.org. NBR has no affiliation with these sites.