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freep.com - 10/15/2008

Metro home sales up, but prices plunge | Freep.com | Detroit Free Press

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Driven down by sales of foreclosed homes, median sale prices fell 34% in metro Detroit in September compared with a year ago, dipping below $10,000 in the city of Detroit. The median price on a house or condo sold in Detroit last month plummeted 57%, to $9,250, from $21,250 a year ago, according ...

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Perspective
Obsidian Wings — ... by hilzoy From the Detroit Free Press (h/t): "The median price on a house or condo sold in Detroit last month plummeted 57%, to $9,250, from $21,250 a year ago, according to figures released Monday by Realcomp, a multiple listing service based in Farmington Hills. Foreclosures represented two-thirds of sales in Detroit in September, and they boosted sales by 81% as buyers laid claim to 1,019 homes." That's the median. Half of the houses sold in Detroit went for below $9,250. That's astonishing. And: ...

Perspective
Political Animal — Perspective From the Detroit Free Press ( h/t ): "The median price on a house or condo sold in Detroit last month plummeted 57%, to $9,250, from $21,250 a year ago, according to figures released Monday by Realcomp, a multiple listing service based in Farmington Hills. Foreclosures represented two-thirds of sales in Detroit in September, and they boosted sales by 81% as buyers laid claim to 1,019 homes." That's the median. Half of the houses sold in Detroit went for below $9,250. That's astonishing. And: "More than 37% of the September sales in the metro area were ...

Microblog 2008-10-16
Overlawyered — ... mostly plausible Q & A of what went wrong on Wall Street [Rowley/Yahoo Finance] # Most PR people still approach bloggers in clueless way [Kevin O'Keefe; more background, PoL] # Glitnir and Kaupthing sound like Wagnerian trolls, but went on a scarier rampage as Icelandic banks [UK Independent] # Not a misprint & no zeros missing: median price of house or condo sold last month in Detroit was $9,250 [Detroit Free Press] # Tags: banks, Twitter Related ...