Detroit Michigan area foreclosures decrease 16 percent in March 2008

Great news from the great city of Detroit. According to the foreclosure rate in the metro Detroit Michigan area has decreased 16% in March of 2008. Foreclosure statistics continue to improve in the Metro Detroit area.

Working with a REALTOR®, buyers are now able to better afford a well priced home. To search for a property in foreclosure in southeast Michigan click here.

To read the entire foreclosure article click here.

Feel free to contact me with any questions!  

 
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3 Comments on Detroit Michigan area foreclosures decrease 16 percent in March 2008

David,
Glad to hear that news. I was born and raised around 7 mile and Schafer many many years ago. In fact Soopy Sales lived in the house behind me. I left about 40 years ago but still wish the city well.

04/24/2008 06:09 PM by Barry Bridges

Forgot to say I own a Weichert franchise in Smith Mountain Lake VA

04/24/2008 06:15 PM by Barry Bridges

David, that's great news! What might you attribute this decrease in foreclosures to?

Do you see it continuing to improve? Or, is this perhaps just a short term improvement with more market drops yet to come?

06/15/2008 12:43 AM by Kirk Westervelt - Greenville, SC Realtor (Keller Williams)

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Real Estate Agent: David Elya ABR, e-PRO, GRI - Broker Owner (WEICHERT, REALTORS® - Excel)
David Elya ABR, e-PRO, GRI - Broker Owner
Shelby Township, MI
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WEICHERT, REALTORS® - Excel

Office Phone: (586) 323-7000
Cell Phone: (586) 286-3283
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Read the premiere Macomb County Michigan blog. David Elya is the full-time Broker Owner of WEICHERT, REALTORS® - Excel in Shelby Township, Michigan. David is a licensed builder, specializing in single family, new construction, multi-family, condominium and vacant land in Macomb County, Michigan.

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