What's Driving Detroit's Real Estate Prices w/ Eric Walstrom, @Properties
In the last few years, it seems as if prices for property in Detroit and Metro Detroit have gone up. It seems like just yesterday there were stories of houses for a dollar; but now, it's gone pretty far in the other direction, with downtown penthouses listing for $3.2 million, and million-dollar condos in historic hotels.
But why? Well, it turns out Detroit is still affordable for buyers around the nation and, at least according to Eric Walstrom of @properties, an influx of people from around the nation moving to Detroit.
And that's changing the market in Detroit. So we get into the real estate business side of this conversation on this episode.
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