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Detroit's Average Home Price is under $19,000
There are 15 candidates for the Feb. 24 special mayoral election necessitated by the conviction of Kwame Kilpatrick for trying to cover up an affair with a former top aide."There are some good candidates -- I've never seen a field as broad and deep," said Steve Tobocman, who represents a Detroit district in the state legislature. "That being said, I don't think there's a concrete vision on how to deal with the real challenges." For example About 44,000 of the 67,000 homes that have gone into foreclosure since 2005 remain empty, and it costs about $10,000 to demolish each vacant house, according to Planning and Development Department director Doug Diggs. 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. Some owners can't find buyers at any price. Recent Mayors January 1, 1974-January 3, 1994 Coleman Young- D January 3, 1994-January 4, 2002 Dennis Archer- D January 4, 2002-September 18, 2008 Kwame Kilpatrick - D Posted by: mhw 2009-03-05 |
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