Warren Buffett agrees with what most Metro Detroit area residents already knew. With bankruptcy approved UP is the only direction to go now.

By
Real Estate Broker/Owner with Richard Michaels & Associates LLC 372834

As housing prices have been steadily rising, the approval of Detroit's bankruptcy will only be another booster shot for the Metro Detroit housing market.  More investors will most likely be pumping more and more money after Buffett's recent endorsement of Detroit's potential.  With that, more jobs, and an influx of people to fill these new post that we have not seen here since long ago.  It may take a couple generations for Detroit to loose the infamous image given to it from many around the nation and world, but that being said it also took a couple generations for a once vibrant and highly populated Detroit to get tagged as such.  

Although the long term turnaround of Detroit is great, it is the nearly immediate changes that will be taking place that exites me.  It will be nice to see new construction going on downtown on a scale comparable to other large cities.  People who once left the area for work returning home and people from all around the world comming here for good jobs, neighborhoods, and schools.  

 

  I think Detroit and the surrounding suburbs will be the "shiny new toy" for years to come.  Get in on the ground floor and come visit us today...

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Topic:
Real Estate Market Trends
Location:
Michigan Wayne County Detroit
Tags:
market
wayne county
macomb county
housing prices
housing
bankruptcy
oakland county
buy a home
detroit
sell homes

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Rainer
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Greg Steffens
Mountain Country Realty - Lake Arrowhead, CA

Welcome to Active Rain and congrats on your first post.  Be sure to spend some time looking around at what and how others are blogging here - it is a great education and lots of fun.  Looks like you’re off to a great start…keep it up!

Dec 06, 2013 04:44 AM #1
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Rainer
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Richard Michaels

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