According to the S&P Case-Shiller Index, home prices rose 5% in July year-over-year, marking 14 consecutive record highs in the National Index.
Detroit remains the cheapest housing market in America, with prices rising the least since 2000, attributed to a high poverty rate and low demand.
Homeownership trends indicate that many people are staying in low mortgage rate homes, contributing to reduced inventory and sustained increases in housing prices nationally.
While the Case-Shiller Index shows significant price growth in many cities, Detroit's index remains notably low due to socioeconomic factors affecting local demand.
Collection
[
|
...
]