Friday, February 11, 2011

The Good News Is That The Bad News Is Not So Bad

So it's come to this.  We consider it good news when the bad news isn't as bad as we thought it would be or isn't as bad as it was before.  So, here's the news: Metro Detroit home values have dropped for the 4th year in a row.  But wait, the values didn't fall as bad as they have in the last two years.  Good News!  Yay!  OK, it does suggest to some experts that values are FINALLY bottoming out.

From October 2009 to Sept 1st 2010, values dropped an average of 7.5% in Oakland County, 8.73% in Wayne County, and 9% in Macomb County.   

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