This winters Metro Detroit real estate market is going to be a little different than last year.  Here is what I see happening this winter.

1. Last year you could snap up Metro Detroit foreclosures really cheap.  It wasn't unusual to be able to pick up a decent Metro Detroit home at a bargain price.  This year I believe foreclosure homes prices will be higher than last year. 
2. We will see more Metro Detroit foreclosures hitting the market than we had over the summer.  Because of Governor Granholm and President Obama's moratoriums on foreclosures there were quite a few Metro Detroit foreclosures that got spared for a few months.  Now they will start hitting the market starting in December.
3. Some bigger homes will start going into foreclosure.  People who had good credit, good jobs have held on longer to these homes.  But now even they are feeling the pinch.  Even the good credit people are struggling because of the economy. 
4. Oakland County Lake home prices will fall this winter.  Again for the same reason as above.  Higher end lake homes,  second homes on the lakes are going to suffer.  Even the people with deep pockets are starting to feel.  Some people are going to have to sell because of divorce, of death, because they just can't afford it any longer.
5. There will be more action in the market over the winter.  With the first time home buyer tax credit and all the investors there will be more multiple bids on homes.
6. The "marginal" cities will still have a lot of homes to chose from.  

These are just my thoughts on what we will be seeing because of Detroit's struggling economy.  If you have any questions always feel free to call or email me with any questions.