Wednesday, March 04, 2009 - Posts
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Can the median price of a house in Detroit really be ... $7,500? Says here. ... P.S.: Also
There is no major grocery chain in the city, and only two movie theaters
In a town of 800,000?** ... Update: This housing price site suggests it was closer to $79,000 four months ago. Hard to believe it's fallen 90% since. [Thanks to reader S.B.] ... But: That site includes suburbs. The figure for Detroit itself is undoubtedly much lower. See, for example, this MSNBC report:
Overall, the residential real estate market is catastrophic, with the Detroit Board of Realtors now pegging the average price of a home in the city at $18,513.
[Thanks to reader S.E.] ... More: Newman's Own investigates:
For the three months that ended in January, according to Trulia, the median sales price was $10,000. Slightly higher, but still shocking.
**--Too Good to Check? Reader M.F. notes a Kroger at 14383 Gratiot Ave. That's one. Nope. Kroger sold this store, apparently. ...4:41 P.M.
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kf, Unions Don't Deliver: In the free-for-all race to fill Rahm Emanuel's House seat, the Service Workers International Union (SEIU) backed one candidate. The AFL-CIO backed another. They both lost! So, unfortunately, did Tom Geoghegan. ... P.S.: An endorsement from the dead tree Tribune still seems to be worth a lot. ... [via NewsAlert] 1:53 A.M.
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