City's real estate market on upswing

Depsite sluggish sales state-wide, home sales in the city of Detroit have risen in 2006.

Excerpt from article:

Locally, one of the few bright spots was in the city of Detroit itself. Home sales through July 31 were up in the city almost 9% compared to the same period last year, according to the Michigan Association of Realtors.

That rise could reflect the city's mini-boom in downtown living.

It might also mirror the availability of more riverfront condominiums converted from former apartment buildings, as well as the renovation of some older neighborhoods.


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