Metro home sales, prices hit 10-year high - MI unemployment at 4.7%

[hybridy]

hopefully not. all of those sales are to people with high credit 700+...banks are no longer underwriting NINA-verified financing [[no income, no asset) nor the ARM. properties in detroit's stable neighborhoods are accepting offers same week they're listed. also, my company has grown 20-30% in last 3 years with many new hires coming from out of state.

you have to remember there are a lot of millennials reaching/at home buying age. there is a lot of appetite out there.

i do feel there isn't enough move-in ready/new construction in the $150k-250k range though.