Monday, January 21, 2008

A buyer's market

The News headline speaks for itself: "2008 may be brutal again for real estate".

Detroit, in particular, is feeling the pinch. The Free Press reports that the city's best homes are selling for a fraction of their true worth. And some of the new loft and condo projects can't find buyers. Crain's writes that the Mid-Med Loft project has failed. The building at 4265 John R St will be marketed as office space instead.

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