Tuesday, February 17, 2009

I Don't Think This Is The Start Of A Resurrection...

From Carpe Diem ...

2 comments:

amar rama said...

Is this because 82K is closer to a "true" avg house value in Flint vs 106K

Corbett said...

It's just property values dropped from an already-low 106K down to an even-lower 82K, which seems to have been low enough to cause some people to buy. The structural trends for the region still suck, so I don't think a ~20% uptick in home buying in Flint signals any kind of real resurgence.