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Incredible chart shows how fast Detroit home prices have crashed
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Friday, April 10, 2009
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By Daily Crux Editor Brian Hunt:

We try not to kick a city when it's down, but we'll make an exception for Detroit.

This chart from Dr. Mark J. Perry's blog is incredible. It shows the huge decline in Detroit real estate from 2003 to 2009. The average home price in the city right now is around $12,000... down 42.5% from last year.

That's bad, but here's the shocker: Detroit homes are down a giant 87% since 2003.

Read full article (chart included)...

How to make Detroit the most dynamic city in America

Cleveland, Detroit forecast next major bust in real estate market

Topics: Housing | Real Estate
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