For the seventh straight month, metro Detroit increased overall in sales volume over the same month last year, including a 39 percent hike in sales in Livingston County, 36 percent in Detroit, and 23 percent in Wayne County.No this isn't the end of the housing crises:
Experts said growth was fueled by a glut of foreclosed homes on the market, short sales, and sellers willing to take a loss - so while sales are up, prices continued to plummet.But I see the increase in buying not as an end to the crises but as a light at the end of the tunnel. At least I hope so.
It shows that supply and demand still work despite massive interference in our economy by the government, that when prices come down to meet demand sales will result--without the help of government.
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