Home prices are largely starting to normalize across the country, but remain high even as the number of homes for sale continues to decline.Record-high mortgage rates are keeping homes largely unaffordable for most buyers. Even a percentage point increase can increase a monthly mortgage payment by more than $100.That’s causing potential homeowners to expand their searches outside costly urban cores, especially when they can work from home.Stacker examined data from Realtor.com’s Cross-Market Demand Report to see where people in Detroit are looking to buy homes. View share is based on page views of active listings during the third quarter of 2023 on Realtor.com. It does not include international viewers.Continue reading to see where people in Detroit are shopping for their next house.
Since 1986, the Metro Parent editorial team is trained to be the go-to source for metro Detroit families, offering a rich blend of expert advice, compelling stories, and the top local activities for kids. Renowned for their award-winning content, the team of editors and writers are dedicated to enriching family life by connecting parents with the finest resources and experiences our community has to offer.
Want to know all the great reasons why you should choose the Michigan Education Savings Program? This quick list will give you the key benefits at a glance.
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