Detroit area long term prices headed up.

Housing Markets That Will Be Strongest by 2014 By Venessa Wong, Bloomberg Businessweek Aug 4, 2010 Since reaching a peak in 2006, home prices in the Detroit area have fallen 60.5 percent, according to the Fiserv Case-Shiller Indexes. As homes have become more affordable—the median home price in Detroit is lower than median family income—demand … More Detroit area long term prices headed up.

Vulture investors are back and making a bundle

These are the glory days of the residential real estate investor. Low prices, rock-bottom interest rates and stable rental markets have created huge buying opportunities.”It’s awesome right now. I don’t think we’ll ever see another time like this,” said Tanya Marchiol of Team Investments, which has operations in about 10 states but focuses mostly on … More Vulture investors are back and making a bundle